19 Aug 2025
📈Cboe BZX Exchange Proposes New All Cancels Report for Traders
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 21.15(b) (Exchange Data Products) To Adopt a New Market Data Report
Summary
The Cboe BZX Exchange has proposed an enhancement to its timestamping services by introducing the All Cancels Report. This new report aims to provide comprehensive data on cancel behavior and messaging activity, allowing firms to analyze cancel patterns and improve order management across all market situations, further promoting transparency and efficiency.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed All Cancels Report provides optional trading data to subscribing firms, facilitating improved order management and cancel efficiency. Businesses can gain insights into their trading behavior which could enhance decision-making and potentially improve profitability. The introduction of new data products can create competitive advantages for market participants.