14 Aug 2025
📈Proposed Amendments to BOX Exchange Market Maker Obligations
Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 5070 (Long-Term Options Contracts), Rule 7300 (Preferenced Orders), Rule 8040 (Obligations of Market Makers), Rule 8050 (Market Maker Quotations), IM-8050-2, and Rule 8510 (Obligations and Restrictions Applicable to Floor Market Makers)
Summary
The Securities and Exchange Commission is reviewing proposed rule changes by BOX Exchange LLC that amend various Market Maker obligations to clarify continuous quoting requirements and remove outdated provisions. The changes are intended to streamline compliance, enhance consistency with other exchanges, and ultimately improve market efficiency for options trading.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed amendments to BOX exchange rules regarding Market Maker obligations directly impact compliance requirements for businesses operating in securities and options markets. The changes aim to reduce compliance burdens and harmonize requirements with other exchanges, which could lead to increased market participation and liquidity.