28 Jan 2025
📈Cboe EDGX Proposes Rule Change Affecting Trading Permit Holders
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Permit TPHs To Opt Out of Systematic Adjustment of AIM Auction Price if Outside of NBBO Upon Receipt
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule allows Trading Permit Holders (TPHs) to opt out of systematic adjustment of auction prices, impacting how businesses manage trading strategies and risks. This introduces operational flexibility and potential cost implications for businesses that engage in trading on the Cboe EDGX Exchange.