The Cboe EDGX Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) that would allow the Exchange to list options on certain ETFs that hold precious metals like gold, silver, palladium, and platinum. This proposal was filed on January 17, 2025, and it takes effect immediately since it does not introduce significant issues affecting investors or competition. The SEC is accepting public comments on this proposal, which can be submitted electronically or via mail. The Commission may suspend the rule change within 60 days if it is deemed necessary for the public interest.
Simple Explanation
Cboe EDGX Exchange, Inc. wants to start a new rule so they can let people buy and sell special contracts, called options, based on some metals like gold and silver, without having to wait. The people in charge are checking if this is okay and safe for everyone.