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 proposees 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 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 the Fees Schedule with respect to certain fees related to Qualified Contingent Cross orders the Exchange’s LMM incentive programs.
The Exchange proposes to adopt temporary Rules to extend the time by which TPHs must complete their office inspections for the calendar year 2020 and to provide temporary remote inspection relief for their 2020 2021 office inspections.
The Exchange proposes to amend its Interpretations and Policies to Rule 5.33 in connection with Market-Makers’ complex orders, quoting obligations and volume.
The Exchange proposes to extend the operation of its Flexible Exchange Options pilot program regarding permissible exercise settlement values for FLEX Index Options.
The Exchange proposes to amend the drill-through mechanism to permit orders to rest in the book or COB, as applicable, for multiple time periods and at more aggressive displayed prices during each time period, and to permit orders to route to PAR following the conclusion of the drill-through mechanism.
The Exchange proposes to update its Fees Schedule in connection with the Exchange’s plans to list and trade options on the S&P 500 ESG Index (“SPESG”).
The Exchange proposes to amend Rule 5.34 (Order and Quote Price Protection Mechanisms and Risk Controls) in connection with sell market orders in no-bid series.
The Exchange proposes to permit off-floor position transfers between accounts for the same person without providing notice to the Exchange and at any time.
The Exchange proposes to amend Rule 8.16 and Rule 9.2 to temporarily extend the filing requirements for certain supervision-related reports, currently given an extension through June 30, 2020, to July 31, 2020.
The Exchange proposes to amend the CAT Compliance Rule to be consist with certain proposed amendments to and exemptions from the CAT NMS Plan as well as to facilitate the retirement of certain existing regulatory systems.
The Exchange proposes to amend Rule 5.4 to conform the rule to Section 3.1 of the Plan for the Purpose of Developing and Implementing Procedures Designed to Facilitate the Listing and Trading of Standardized Options (the “OLPP”) and add new Rule 5.4(d).
The Exchange proposes to amend Rule 6.1 in order to provide for a consistent documentation of open outcry execution information in the event of an Exchange system malfunction or disruption.
The Exchange proposes to amend Rule 8.16 and Rule 9.2 to temporarily extend the filing requirements for certain supervision-related reports, currently given an extension through June 1, 2020, to June 30, 2020.
The Exchange proposes to extend the operation of its FLEX Options pilot program regarding permissible exercise settlement values for FLEX Index Options.
The Exchange proposes to adopt a rule to allowing the Exchange to determine to extend filing and reporting deadlines as provided in the Exchange Rules.
The Exchange proposes a rule change that will permit VIX and SPX option combos to be executed upon entry without exposure when tied to an exchange of contracts for related futures positions.
The Exchange proposes a rule change to include language within the Silexx Fees Schedule to introduce a free upgrade for users on Silexx Basic to Silexx Pro from March 13, 2020 through April 30, 2020.
The Exchange proposes to adopt a Delta-Adjusted at Close (“DAC”) order instruction that a User may apply to an order when entering it into the System for execution in an electronic or open outcry auction.
The Exchange proposes to modify the sequence in which the System opens SPX series, and permit SPX series to open with unexecuted sell market orders in limited circumstances, on exercise settlement value determination days.
