20 Aug 2025
📈New All Cancels Report Proposal by Cboe EDGX Exchange
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt a New Market Data Report
Summary
The Securities and Exchange Commission has announced the proposed introduction of an All Cancels Report by Cboe EDGX Exchange. This report aims to enhance the understanding of order cancellation behaviors, providing firms with historical data on cancel messages to refine their trading strategies and improve overall market efficiency.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory notice outlines a proposed rule change for the Cboe EDGX Exchange, specifically introducing an optional All Cancels Report to improve order management and trading efficiency for subscribing firms. This impacts business strategies, as firms can gain insights into cancel behaviors and refine their practices based on new data access.