18 Aug 2025
📈Cboe Exchange Rule Change Expands Bulk Message Functionality
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Rules Related to the Submission of Bids and Offers for Certain Complex Strategies for Execution Using Bulk Message Functionality
Summary
The Cboe Exchange proposes regulatory changes to improve the submission of bids and offers for complex strategies, allowing market-makers to use bulk message functionality. This change aims to enhance liquidity in complex trading scenarios by providing greater flexibility and efficiency for market participants, ultimately benefiting investors and the market's competitive environment.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change by Cboe Exchange encourages market-maker participation by allowing bulk message functionality for complex strategies, which may enhance liquidity and price competitiveness. This could lead to increased trading volumes, affecting business operations for firms involved in securities trading or investment.