March 23, 2020
Cboe Global Markets continues to closely monitor developments concerning the novel coronavirus (COVID-19) and the guidance being provided by local, state and federal government and public health agencies. In the latest developments of a rapidly evolving situation, as you likely know, the governors of Illinois, New York and New Jersey issued “stay-at-home” directives for residents of their respective states. Over the weekend, the Kansas City metro area was similarly placed under a stay-at-home directive effective midnight Monday. Please click on the title for more information.
March 20, 2020
Effective March 20, 2020, pursuant to expedited relief under Rule 5.24(e)(1), Cboe will permit related future cross (“RFC”) orders to be submitted for VIX index options. These orders may execute as unexposed crosses of riskless packaged transactions which include VIX option combos offset by CFE VIX futures contracts. The relief afforded by this rule will only be in place until May 15, which date may be extended, and will apply only while Cboe is operating in an all-electronic manner. Please click the title for complete details.
Process Changes to SPX Opening on VIX Options and Futures Settlement Dates During Extreme Market Conditions
March 17, 2020
In light of current market events, there is a possibility of extreme market conditions leading into the opening of S&P 500 Index (SPX) options on the settlement day for VIX options and VIX futures, including on March 18, 2020 and subsequent settlement dates. In such case, the Cboe options will follow the SPX opening process outlined below. Please click the title for complete details.
March 17, 2020
This notice describes the manner in which Cboe Futures Exchange, LLC (CFE) determines daily settlement prices in the event of an unscheduled early close of trading, such as would result following a Level 3 market-wide circuit breaker trading halt due to a 20% decline in the S&P 500 Index. Please click the title for complete details.
March 13, 2020
This notice is being issued to make Cboe customers aware of OCC Information Memo #46615 announcing OCC’s recent updates to their Unscheduled Market Closings Guide, which include considerations for PM-settled index products in the case of a 20% MWCB. Please click the title for more details.
March 12, 2020
Please be advised that as a precaution to reduce large gatherings that can contribute to the spread of the novel coronavirus (COVID-19), Cboe will be closing the Cboe Options (“C1”) trading floor in Chicago effective Monday, March 16, 2020 until further notice. Please click the title for complete details.
March 10, 2020
Effective March 9, 2020, Cboe established a new online form for submitting complaints, tips, and referrals to the Cboe Regulatory Program. The Cboe Regulatory Program includes surveillance, investigations, and/or examinations relating to compliance with the rules of the Cboe-affiliated exchanges. Please click the title for complete details.
March 05, 2020
Please be advised that Cboe is continuing to closely monitor the current situation regarding the novel coronavirus (COVID-19). Cboe has reviewed its pandemic planning procedures and is prepared to respond appropriately if and when the situation progresses. Please click the title for complete details.
March 05, 2020
Cboe Futures Exchange, LLC (“CFE”) is pleased to introduce new Quoting Interface functionality using the existing Binary Order Entry (“BOE”) protocol, to be implemented in Q2 of 2020, subject to regulatory review. As further described below, certification testing will be available starting on March 8, 2020. Please click the title for complete details.
February 28, 2020
Please be advised that Cboe is continuing to closely monitor the current situation regarding the novel coronavirus (COVID-19). Cboe has reviewed its pandemic planning procedures and is prepared to respond appropriately if and when the situation progresses. There are no plans for any changes that would impact trading operations or support of trading on the Cboe Options Exchange (“C1”) floor, nor any that would impact Cboe equities, options, futures, or FX electronic trading platforms. In the event the situation would escalate such that it would become necessary to close the C1 trading floor to prevent spread of COVID-19, Cboe is prepared for C1 to operate in an electronic only trading mode. In an electronic only trading mode, the trading floor and all routing to the trading floor will be disabled and unavailable. Input of orders for matching on C1 will only be available electronically via FIX and BOE, similar to all other Cboe options trading platforms. Any orders with instructions to route to the floor would be rejected. Note this electronic only functionality has been tested and has been previously used in production on October 28, 2019. Please click on the title for additional details and considerations.
February 14, 2020
Effective for Trade Date of April 27, 2020, Cboe Futures Exchange, LLC (“CFE”) will add a new Contract Date field to all Futures Instrument Definition messages sent on the Multicast PITCH and TOP market data feeds. This field will also be included in all Futures Instrument Definition messages received over SPIN and GRP recovery ports. Please click the title for complete details.
Reminder - Decommission of Legacy Physical Connectivity to Cboe Options Exchange and Cboe Futures Exchange
January 23, 2020
Effective January 31, 2020, Cboe will decommission legacy physical port connectivity to Cboe Options Exchange (Cboe Options) and Cboe Futures Exchange (CFE) in the Equinix NY4 data center, Secaucus, New Jersey. Connectivity to Cboe Options and CFE will remain available from Equinix NY4 through latency equalized physical connections. Please click the title for complete details.