9 May 2025
📈Cboe BZX Proposed Rule Change on Closing Auction Orders
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 11.23 Regarding the Closing Auction
Summary
The Cboe BZX Exchange is proposing amendments to its rules regarding the closing auction process. This includes changing the Market-On-Close order cutoff time from 3
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change impacts the business operations of market participants by revising order entry cutoff times and increasing information dissemination frequency, influencing trading strategies and operational efficiency. Business owners and executives need to adapt to these regulatory changes for compliance and competitive positioning.