Cboe Global Markets

Tradedesk Updates

The Cboe Compression Service (“CCS”) multilateral compression functionality will be available in the Cboe Options Exchange (“C1”) certification environment beginning May 13, 2021. A new CCS User Manual, reflecting functionality to become effective on the CCS Multilateral Compression launch date of July 6, 2021, subject to regulatory review, is now available and provides details on interacting with multilateral compression functionality. Please click the title for complete details.

Cboe Global Markets is committed to meeting the needs of our diverse participants and our Chicago trading floor will remain open. Cboe plans to continue to support open outcry trading as long as our customers find value in the trading floor’s deep liquidity and execution quality. Please click the title for complete details.

Cboe Silexx is excited to announce the following enhancements:

Effective May 3, 2021, Cboe Global Markets will introduce two new Market-Maker Quoting Activity Reports for all Cboe-affiliated options exchanges. Please click the title for complete details.

Effective May 12, 2021, Cboe Options Exchange (“C1”) will allow AIM auction orders submitted with a quantity of less than 50 contracts to be priced at or inside the NBBO when the NBBO is more than one tick wide. Please click the title for complete details.

Cboe Options Exchange (the “Exchange”) is pleased to announce Cboe Compression Service (“CCS”) Multilateral Compression functionality will be available in the C1 certification environment May 13, 2021. Please click the title for complete details.

Pursuant to Cboe Options (“Cboe Options” or the “Exchange”) Rule 5.50(g)(1), the Exchange rebalances the option class appointment unit tiers, excluding the “AA” tier, every calendar quarter based on national average daily volume (ADV). Please click the title for complete details.

Effective May 6, 2021, Cboe Options Exchange (“C1”) will introduce additional fields on Trade Cancel/Correct (FIX Tag 35 = UCC) messages to provide more information for FLEX DAC orders. For DAC transactions, the Trade Cancel/Correct message will include delta, underlying reference price and underlying closing price data. Please click the title for complete details.

Effective April 20, 2020, Cboe Options Exchange ("C1") will eliminate the application of Fat Finger price checks for all floor-based Multi-Class spread limit orders, other than SPX versus SPXW spread limit orders, subject to regulatory review. Please click the title for complete details.

Effective April 5, 2021, the Cboe Compression Forum Manager (“CFM”) will migrate to a new technology platform – the Cboe Compression Service (“CCS”). The initial release will provide the same match file service functionality as the CFM. Please click the title for complete details.

As previously announced, Cboe Options Exchange (the "Exchange") will be extending its existing Global Trading Hours (“GTH”) session and introducing a 24x5 trading model in its proprietary VIX and SPX options products later this year, subject to regulatory review. This notice provides details about updates made to the following technical specifications in support of the 24x5 trading model. Please click the title for complete details.

Please be advised that as of the close of business March 24, 2021, OCC Clearing #009, assigned to Goldman Sachs & Co., LLC will be terminated as a valid Clearing Number for trades executed on the Cboe Options, C2 Options, BZX Options, and EDGX Options Exhcanges. Please click the title for complete details.

Effective Monday, March 22, 2021 Cboe Global Markets will update the symbol distribution used on Cboe market data feeds for all Cboe-affilated Options Exchanges (BZX, C1, C2, EDGX).

Effective April 5, 2021, the Cboe Compression Forum Manager (“CFM”) will migrate to a new technology platform – the Cboe Compression Service (“CCS”). The initial release will provide the same match file service functionality as the CFM. Please click the title for complete details.

Effective March 12, 2021, for EDGX Options ("EDGX"), and March 15, 2021, for BZX Options (“BZX”), Cboe Options (“C1”), and C2 Options (“C2”) Exchanges, Cboe will modify the opening mechanism for non-proprietary classes to include a force open timer. Please click the title for complete details.

Commencing March 1, 2021, Cboe Options (“C1”) and C2 Options (“C2”) Exchanges will list Monday and Wednesday expiring Weekly options on the Russell 2000 Index (option symbol: RUTW). Please click the title for more details.

Cboe is pleased to announce that, effective March 1, 2021, Cboe Options Exchange (“C1”) will begin listing mini options on the Russell 2000® Index (“RUT”). Mini-Russell 2000 Index (“Mini-RUT”) options will be based on 1/10th of the value of the Russell 2000 Index. Please click the title for complete details.

On March 1, 2021, the Exchange will begin using the established long-term rotational order to fill SPX spots that become temporarily vacated by the assigned TPH firm. From March 1, 2021 and until further notice, only one rotation will be used to determine all spot vacancies. Please click the title for complete details.

Effective March 17, 2021, the Cboe U.S. Options Exchanges (BZX Options, Cboe Options, C2 Options, and EDGX Options) will enable Members/Trading Permit Holders (collectively “Members”) to filter purge requests by EFID. Members may contact the Trade Desk to configure purge ports to allow purges for up to ten specified EFIDs. Please click the title for complete details.

Commencing March 1, 2021, BZX Options (“BZX”), Cboe Options (“C1”), and C2 Options (“C2”) Exchanges will list Monday and Wednesday expiring Weekly options on the Russell 2000 Index (option symbol: RUTW). Please click the title for complete details.

Cboe Options (the “Exchange”) will be accepting applications from interested Trading Permit Holders (“TPHs”) for the Lead Market-Maker (“LMM”) role in the Regular Trading Hours (“RTH”) session for Mini-Russell 2000 Index options. Interested parties must submit application materials to become the MRUT RTH LMM no later than 4:00 p.m. ET on Friday, February 19, 2021 to Cboe Membership Services. Please click the title for complete details.

Cboe is pleased to announce that, effective March 1, 2021, Cboe Options Exchange (“C1”) will begin listing mini options on the Russell 2000 Index. Please click the title for complete details.

Effective March 12, 2021, for EDGX Options ("EDGX"), and March 15, 2021, for BZX Options (“BZX”), Cboe Options (“C1”), and C2 Options (“C2”) Exchanges, Cboe will modify the opening mechanism for non-proprietary classes to force series open after a configurable length of time waiting for a valid width composite market, so long as at least one away market center has opened and disseminated a quote in the series over OPRA. Please click the title for complete details.

Effective Feburary 10, 2021, Cboe Options will begin offering the September 17, 2021 expiration for MXEF. Please click the title for complete details.

Pursuant to Cboe Options Rule 5.10 and C2 Options Rule 6.30, Clearing Trading Permit Holders (CTPHs) may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other TPHs by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for complete details.

Pursuant to EDGX Options and BZX Options Rule 21.12, Clearing Members may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other Members by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for complete details.

Effective March 8, 2021, all Cboe Options Exchange ("C1") Trade Detail files downloaded from the Cboe Customer Web Portal and issued monthly will contain four new fields populated with FLEX Delta Adjusted at Close ("DAC") order information. Please click the title for complete details.

Cboe Options Exchange (the “Exchange”) is pleased to announce that, effective April 5, 2021, the Cboe Compression Forum Manager (“CFM”) will migrate to a new technology platform – the Cboe Compression Service (“CCS”). The initial release will provide the same match file service functionality as the CFM. Please click the title for complete details.

Cboe is pleased to announce that, effective March 1, 2021, Cboe Options Exchange (“C1”) will begin listing mini options on the Russell 2000 Index. Mini-Russell 2000 Index options will be based on 1/10th of the value of the Russell 2000 Index. Please click the title for complete details.

Effective March 1, 2021, the manual validation and firm contact administered by Membership Services will be replaced by system enforcement of the requirement for registered Market Maker accounts. Please click the title for complete details.

Cboe Silexx is excited to announce the following enhancements:

Cboe is pleased to announce that, effective March 1, 2021, Cboe Options Exchange (“C1”) will begin listing mini options on the Russell 2000 Index. Mini-Russell 2000 Index options will be based on 1/10th of the value of the Russell 2000 Index. Please click the title for complete details.

Cboe Options Exchange (the "Exchange") is excited to announce an extension of its existing Global Trading Hours (“GTH”) session and introduction of a 24x5 trading model in its proprietary VIX and SPX options products later this year, subject to regulatory review. Please click the title for complete details.

Effective Monday, March22, 2021 Cboe Global Markets will update the symbol distribution used on Cboe market data feedsfor all Cboe-affilated Options Exchanges (BZX, C1, C2, EDGX).

Effective February 22, 2021, subject to regulatory review, Cboe Options Exchange ("C1") will introduce multiple enhancements related to support for AIM and Complex AIM (“C-AIM”) auctions in SPX and SPXW. Please click the title for complete details.

This notice is being disseminated to announce a production Virtual Trading Floor (“VTF”) testing opportunity on Saturday, January 23, 2021, for Trading Permit Holders (“TPHs”) in the SPX, VIX and Multi-List trading crowds. Please click title for more details.

Effective February 8, 2021, the manual validation and firm contact administered by Membership Services will be replaced by system enforcement of the requirement for registered Market Maker accounts. Please click the title for complete details.

Pursuant to Cboe Options Rule 5.50(g)(1), the Exchange rebalances the option class appointment unit tiers, excluding the “AA” tier, every calendar quarter based on national average daily volume (ADV), which may result in additions or deletions to each tier’s composition. Please click the title for complete details.

Effective January 29, 2021, all Cboe-affiliated Options Exchanges will require the SendTime input field for Cancel Order and Purge Orders BOE messages. Any Cancel Order and Purge Orders BOE message with a zero value for SendTime will be rejected. Please click the title for complete details.

Effective January 13, 2021, Cboe Options (“C1”) will introduce a new Floor Broker ADV report. The Floor Broker ADV report will provide details regarding a firm’s current tier, qualifying and non-qualifying volume levels, permit rebate amounts, and average daily volume. Please click the title for complete details.

This notice is being disseminated to announce a production VTF testing opportunity on Saturday, January 9, 2021, for TPHs in the VIX and Multi-List trading crowds. Please click title for complete details.

Effective January 25, 2021, additional details will be included in the Clearing TPH Fee Cap section of the Cboe Options (“C1”) Consolidated Tier Report. This report provides month-to-date figures related to a TPH’s tier satisfaction impacting C1 billing.

On Thursday January 7, 2021, Cboe Global Markets will host a remote town hall meeting via Microsoft Teams to discuss the new Cboe Options Trading Floor design. Please click the title for complete details.

Effective Monday, January 4, 2021, Cboe Silexx will introduce the following fees; Please click title for complete details

Cboe is pleased to share that today Cboe Global Markets announced it has completed its acquisition of BIDS Trading, the largest independent block trading venue by volume in the U.S. This acquisition ushers in a new era for Cboe, providing a significant foothold in the off-exchange segment of the U.S. equities markets. Please click the title for complete details.