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 its rules to permit the listing of A.M.-settled options on the S&P 500 Index (“SPX” or “SPX options”) that expire (1) on any Monday, Tuesday, Wednesday, Thursday, or Friday (other than the third Friday-of-the-month or days that coincide with an end-of-month expiration) and (2) the last trading day of the month.
The Exchange proposes to amend rules to permit binary options on all indexes (i.e., narrow-based indexes in addition to broad-based indexes) and update binary option position limit rules to apply on an expiration basis.
The Exchange proposes to amend certain of its rules regarding complex orders and complex order auctions to accommodate stop-limit complex orders and establish Stop Complex Order Auctions (“SCOA”) as a new type of auction mechanism.
The Exchange proposes to amend Rules 4.3 and 4.4 to establish listing criteria and withdrawal standards for options on Commodity-Based Trusts holding multiple crypto assets.
The Exchange proposes to amend rules relating to Designated Primary Market-Makers (“DPMs”) and DPM Appointments in Global Trading Hours and Curb Sessions.
The Exchange proposes to codify that certain disruptive order and quote entry and trading activity is prohibited by Exchange Rules as being inconsistent with just and equitable principles of trade.
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 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 a rule change to extend the temporary remote inspection relief for Trading Permit Holder’s office inspections for calendar years 2020 and 2021 to include calendar year 2022.
The Exchange proposes a rule change that adopts a held order instruction, which must be included for an order entrusted to a Floor Broker not be considered “not held” (as is the default).
The Exchange proposes to extend the operation of its FLEX Options pilot program regarding permissible exercise settlement values for FLEX Index Options through May 2, 2022.
The Exchange proposes to amend Rule 5.54 and Rule 5.55 in connection with a DPM and LMM obligation to submit opening quotes for the RTH session in index options.
The Exchange proposes to amend Rule 4.5(d) to allow Monday and Wednesday expirations for options listed pursuant to the Short Term Option Series Program on IWM.
The Exchange proposes to amend Rule 13.15, which governs the Exchange’s Minor Rule Violation Plan, in connection with certain minor rule violations, applicable fines, as well as other clarifying, nonsubstantive changes.
The Exchange proposes to amend certain Rules to accommodate the listing and trading of Micro FLEX Index Options and to make other clarifying and nonsubstantive changes.
The Exchange proposes to amend the Fees Schedule with respect to certain fees related to Qualified Contingent Cross orders and the Clearing Trading Permit Holder (“TPH”) Fee Cap.
The Exchange proposes to amend its Fees Schedule to adopt a new Floor Broker incentive program and to make a clarifying change to the definition of facilitation orders.
The Exchange proposes to amend its Rules in connection with the number of legs of a complex order that may be entered on a single order ticket at the time of systemization.
The Exchange proposes to extend the operation of its Flexible Exchange Options (“FLEX Options”) pilot program regarding permissible exercise settlement values for FLEX Index Options.
The Exchange proposes to amend Rule 4.5(d) to allow Monday and Wednesday expirations for options listed pursuant to the Short Term Option Series Program on the Invesco QQQ Trust (“QQQ”).
The Exchange proposes to amend Rule 5.37 and Rule 5.38 in connection with allocations at the conclusion of the Exchange’s Automated Improvement Mechanism (“AIM”) and Complex AIM (“C-AIM”) auctions.
The Exchange proposes to amend its rules relating to categories of registration and respective qualification examinations required for TPHs and associated persons.
The Exchange proposes to amend its Rules in connection with limiting the number of strikes listed for Short Term Options Series which are available for quoting and trading on the Exchange.
The Exchange proposes to update its Fees Schedule in connection with the Exchange’s plans to list and trade options on the Mini-RUT Index (“MRUT” or “Mini-RUT”).
The Exchange proposes to amend the CAT compliance rule to be consistent with a conditional exemption granted by the SEC from certain allocation reporting requirements.
The Exchange proposes a rule change to amend the definition of “current market value” for purposes of calculating margin requirements for ETF options designated by the Exchange, including SPY.
The Exchange proposes a rule change to adopt an automated process pursuant to which an option will open if it is open for trading on another exchange after a specified amount of time.
