Exchange Default Fat Finger Limits

Fat Finger Checks are mandatory for both Pre-Market and Regular Sessions and applied to both simple and complex orders. The following Exchange defaults are applied if not specified by the user. Fat Finger checks will not be applicable for any Multi-Class Spread instruments that trade on the floor only. Fat Finger checks will remain applicable for Multi-Class complex instruments containing only legs of underlying SPX as they are eligible for trading on the electronic book.

Table 1. Pre-Open Curb/GTH Session (Eligible GTH Products, Excluding Exception Classes)
Limit Price Range
  • Fat Finger %
  • Default
Fat Finger Dollar-Based Limit Default
$0.00 - $1.99No Value$1.00
$2.00 - $5.00No Value$1.50
$5.01 - $10.00No Value$2.00
$10.01 - $20.00No Value$3.00
$20.01 - $50.00No Value$4.00
$50.01 - $100.00No Value$6.00
$100.01 & Above8%Not Valid
Table 2. Regular Session (Excluding Exception Classes)
Limit Price Range
  • Fat Finger %
  • Default
Fat Finger Dollar-Based Limit Default
$0.00 - $1.99No Value$0.50
$2.00 - $5.00No Value$0.75
$5.01 - $10.00No Value$1.00
$10.01 - $20.00No Value$1.50
$20.01 - $50.00No Value$2.00
$50.01 - $100.00No Value$3.00
$100.01 & Above4%Not Valid

SPX, SPXW, and SPXO* are considered Exception Classes and have unique Fat Finger default values for the Pre-Open and Regular sessions.

Table 3. Exception Class Pre-Open Curb/GTH Session (SPX)
Limit Price Range
  • Fat Finger %
  • Default
Fat Finger Dollar-Based Limit Default
$0.00 - $1.99No Value$15.00
$2.00 - $5.00No Value$15.00
$5.01 - $10.00No Value$15.00
$10.01 - $20.00No Value$15.00
$20.01 - $50.00No Value$20.00
$50.01 - $100.00No Value$20.00
$100.01 & AboveNo Value$25.00
Table 4. Exception Class Regular Session (SPX)
Limit Price Range
  • Fat Finger %
  • Default
Fat Finger Dollar-Based Limit Default
$0.00 - $1.99No Value$1.00
$2.00 - $5.00No Value$1.50
$5.01 - $10.00No Value$2.00
$10.01 - $20.00No Value$3.00
$20.01 - $50.00No Value$4.00
$50.01 - $100.00No Value$6.00
$100.01 & Above16%Not Valid

See the Cboe Titanium U.S. Equities/Options Web Portal Port Controls Specification for additional details on how fat finger settings can be managed intraday by Members.

*Effective 11/09/26

Cboe Titanium U.S. Options FIX Specification - Exchange Default Fat Finger Limits | Cboe