17 Mar 2025
📈Cboe EDGX Proposes Rule Amendments for Order Processing
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 21.8, Order Display Book Processing
Summary
The Cboe EDGX Exchange is proposing changes to Rule 21.8 regarding order display and processing. These amendments aim to optimize how fractional fills are handled and ensure that PMMs receive at least one contract when they have priority quotes at the National Best Bid and Offer (NBBO), facilitating improved market liquidity and trading operations.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to amend Rule 21.8 impacts business owners and executives by altering order processing and participation entitlements for Preferred Market-Makers (PMMs), potentially leading to increased liquidity and trading opportunities. This change may affect operational strategies and trading practices within securities markets.