29 Sep 2025
📈Cboe BZX Proposes Early Trading for ETP IPO Securities
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 11.23 To Introduce an Option for an Exchange-Traded Product (“ETP”) Eligible To Participate in an Initial Public Offering (“IPO”) Auction To Elect to Commence Trading in the BZX Early Trading Session
Summary
The Cboe BZX Exchange has proposed a rule change to allow exchange-traded products (ETPs) eligible for initial public offerings (IPOs) to begin trading in the Early Trading Session. This change aims to enhance trading flexibility and liquidity, offering issuers the option to commence trading at 4
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change will allow ETP IPO Securities to commence trading during the BZX Early Trading Session, potentially increasing liquidity and trading flexibility for businesses involved in these securities. This amendment could attract more issuers to list ETPs on BZX, affecting overall trading operations and market competition.