📈Cboe BZX Complex Orders Regulation Notice
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt New Rules That Allow for the Trading of Complex Orders on the Exchange
Summary
The Cboe BZX Exchange has proposed new regulations to govern the trading of complex orders, outlining definitions, trading mechanisms, and risk mitigation procedures. These changes aim to enhance market liquidity, improve execution opportunities, and maintain market integrity, adapting to the dynamics of complex option strategies. The regulations reflect consistency with similar rules from other exchanges to foster equitable trading practices.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The text details new regulations governing the trading of complex orders on the Cboe BZX Exchange, affecting compliance and operational procedures for market participants. It introduces definitions of complex orders, auction processes, and risk management measures that must be adhered to, impacting trading strategies and potential market access.