The Cboe C2 Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to introduce a new service called the Cboe Timestamping Service. This service will provide two optional market data reports: the Missed Liquidity Report and the Cancels Report, offering timestamp information for orders, quotes, and cancels. The SEC is inviting comments from the public on this proposal by January 24, 2025. Members of the exchange can choose to purchase either one or both reports, and fees will be charged accordingly.
Simple Explanation
The Cboe C2 Exchange wants to start a new service that gives special data about market activities, like when things get bought or canceled, and they are asking people what they think about it.