24 Jul 2025
📈Cboe EDGX Rule Change for Options Opening Process Disclosed
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Opening Process for Simple Orders in Exclusively Listed Index Option Classes
Summary
The Cboe EDGX Exchange aims to amend its opening process for exclusively listed index options, allowing a more automated approach to opening trades. This proposed rule change focuses on facilitating timely market openings and reducing delays, thus benefiting market participants and improving overall trading efficiency.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change will allow Cboe EDGX to automate the forced opening of exclusively listed options even in scenarios where there is no Composite Market or the market is wide, enhancing trading efficiency. This impacts business owners by potentially increasing trading opportunities and reducing delays in market openings.