Rule filings are not effective until approved by the Securities and Exchange Commission ("SEC"), with the exception of certain types of rule filings that may take effect upon filing with the SEC if they meet the conditions specified under Section 19 of the Securities Exchange Act of 1934 and Rule 19b-4 thereunder. Below are pending rule filings submitted by the Exchange, followed by rule changes that have been approved by the SEC or became immediately effective pursuant to the Exchange Act.
The Exchange proposes to amend Rule 5.1(c) (Global Trading Hours) to allow for trading of multi-listed equity options that meet certain eligibility criteria during Global Trading Hours (“GTH”) and to establish GTH sessions for designated multi-listed equity options as 7:30 a.m. ET to 9:25 a.m. ET and 4:00 p.m. ET to 4:15 p.m. ET or as permitted as a GTH session on another exchange.
The Exchange proposes to amend Rule 5.4(a) to change the minimum increment for all series of options on the Cboe Mini Bitcoin U.S. ETF Index (“MBTX options”) to $0.01 for series trading lower than $3.00 and $0.05 for series trading at $3.00 or higher.
The Exchange proposes to permit options on the Cboe Magnificent 10 Index to be P.M.-settled with daily, monthly, quarterly, and third Friday-of-the-month expirations.
The Exchange proposes to amend Rules 5.37, 5.39, 5.73, and 5.74 to permit orders for the accounts of Market-Makers with an appointment in the applicable class on the Exchange, in all classes, to be solicited for the Initiating Order submitted for execution against an Agency Order into a simple AIM, simple SAM, FLEX AIM or FLEX SAM Auction.
The Exchange proposes to amend Rule 4.13 to allow for expiring non-Volatility A.M.-settled index options to trade until the exercise settlement value is determined on the expiration date.
The Exchange proposes to amend its Fees Schedule with respect to its Floor Broker Sliding Scale Rebate Program and Floor Broker Sliding Scale Supplemental Rebate Program.
The Exchange proposes to amend Rule 5.34 to adopt a wide market protection mechanism designed to reduce the risk of orders executing at extreme or adverse prices when the national best bid and offer (“NBBO”) is determined to be wide.
The Exchange proposes to amend Rule 5.1 to permit the Exchange to list an additional product during Global Trading Hours (“GTH”) and Curb Trading Hours (“Curb”).
The Exchange proposes to amend Rule 5.1 to permit the Exchange to list two additional products during Global Trading Hours (“GTH”) and Curb Trading Hours (“Curb”).
The Exchange proposes to add options on the Cboe Magnificent 10 Index to certain rules and to change the Market-Maker appointment tier for certain index options.
The Exchange proposes to remove fees related to the Cboe Legacy Silexx platform and to remove a previous waiver for FLEX and Cboe Silexx FIX Connections¸ as well as remove a previous waiver for market data fees incurred by new users of the Cboe Legacy Silexx platform during the migration to the new Cboe Silexx platform.
The Exchange proposes to amend Rules 4.20 and 8.35 to permit Flexible Exchange (“FLEX”) Options on iShares Bitcoin Trust, Grayscale Bitcoin Trust, the Grayscale Bitcoin Mini Trust, and the Bitwise Bitcoin ETF.
The Exchange proposes to amend certain Lead Market-Maker (“LMM”) Incentive Programs by increasing or decreasing quote width and size requirements, and increasing or decreasing rebate amounts, as applicable, and to amend the Fees Schedule to include further clarifying information regarding the operation of its LMM Incentive Programs.
The Exchange proposes to amend Interpretation and Policy .06 of Rule 4.3 to permit the listing of options on an exchange-traded fund as defined in Rule 6c-11 under the Investment Company Act of 1940 (“Rule 6c-11”).
The Exchange proposes to amend its Fees Schedule with respect to its Frequent Trader Program and to clarify criteria related to its Floor Broker Sliding Scale Supplemental Rebate Program.
The Exchange proposes to amend its “Consolidated Audit Trail Funding Fees” fee schedule to establish fees for Industry Members related to reasonably budgeted CAT costs of the National Market System Plan Governing the Consolidated Audit Trail (the “CAT NMS Plan” or “Plan”) for the period from July 1, 2025 through December 31, 2025.
The Exchange proposes to amend its Fees Schedule with respect to Professional orders transacted on the trading floor (i.e., manual) in Equity, ETF, and ETN Options, Sector Indexes and All Other Index Products and to adopt a Floor Broker Sliding Scale Supplemental Rebate Program.
The Exchange proposes to permit the Exchange to impose a maximum contract size on Agency Orders submitted into FLEX AIM Auctions that are SPX FLEX v. Non-FLEX Orders.
The Exchange proposes to amend its rules to clarify the timing requirements of when fees must be submitted with an application and when the application will be deemed to be automatically withdrawn.
The Exchange proposes to update its Fee Schedule to provide a temporary 20% discount on fees assessed to Exchange Trading Permit Holders and non-Trading Permit Holders that purchase $20,000 or more of ad hoc purchases of historical Open-Close Data, effective April 23, 2025 through June 30, 2025.
The Exchange proposes to update its Fees Schedule in connection with the Exchange’s plans to list and trade options that overlie the S&P 500 Equal Weight Index.
The Exchange proposes to amend Rules 4.3, 4.20, and 8.30, to allow the Exchange to list and trade options on the Grayscale Ethereum Trust ETF, the Grayscale Ethereum Mini Trust ETF, and the Bitwise Ethereum ETF.
The Exchange proposes to amend its Fees Schedule to adopt a Global Trading Hours (“GTH”) Surcharge fee applicable to certain Market-Maker transactions in Mini-SPX Index (“XSP”) options and to amend certain Lead Market-Maker (“LMM”) Incentive Programs.
