The Securities and Exchange Commission (SEC) is reviewing a proposal by Cboe Exchange, Inc. to allow a new type of order that includes both options and futures, known as "future-option orders." The proposal was initially filed in September 2024 and has undergone various stages of review. The SEC decided to give themselves more time—until June 5, 2025—to make a final decision to approve or disapprove this rule change. This extension allows the SEC to thoroughly consider the proposal and any feedback received.
Simple Explanation
The Securities and Exchange Commission (SEC) is taking a little more time to decide if a new kind of trade that mixes both options and futures is a good idea. They will make up their minds by June 5, 2025, so they can think about it carefully.