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Cboe BZX Options, C2 Options and EDGX Options Exchanges to Update GTC and GTD Open Order Functionality

February 20, 2018

The recently announced functionality of persisting Good ‘Til Cancel (GTC) and Good ‘Til Day (GTD) orders will be updated to allow customers the ability to cancel their GTC and GTD orders up until 4:45 PM ET.

Cboe BZX and EDGX Options Exchanges to Add SWPA Routing Strategy

February 20, 2018

As part of the previously announced migration of the C2 Options Exchange to the Bats technology platform, routing strategy unification will continue with the introduction of the SWPA routing strategy on the BZX Options and EDGX Options Exchange on the effective dates noted below.

C2 Options Exchange Weekend Test Reminder: Saturday, February 24, 2018

February 20, 2018

The Cboe C2 Options Exchange integration remains on track for a May 14, 2018 migration to Bats technology. All milestones referenced below have been achieved on target, and with the new platform go-live date quickly approaching, the Cboe team is working hard to ensure C2 customers will be ready for the migration date. To aid in your readiness and planning, we encourage C2 Trading Permit Holders (“TPHs”), vendors and market data recipients to participate in the first weekend test scheduled for Saturday February 24, 2018.

Frequent Trader ID field displayed on C2 Trade Match (CTM) terminal - Update

February 20, 2018

The C2 TradeMatch terminal implementation scheduled to be installed February 20th has been delayed. Please click the title for complete details.

Monday-Expiring Weekly Options in SPY - Update

February 15, 2018

The Cboe Options Exchanges (Cboe, C2, BZX and EDGX Options Exchanges) filed to trade Weekly options on the SPDR S&P 500 ETF Trust (SPY) which expire on Mondays (SPY Monday-expiring Weekly options). The rule filing became effective upon filing on February 15, 2018. Thus, Cboe Options Exchanges will list for trading SPY Monday-expiring Weekly options effective February 16, 2018. Please click the title for complete details.

Frequent Trader ID field displayed on C2 Trade Match (CTM) terminal effective February 20, 2018

February 15, 2018

Effective Tuesday, February 20, 2018, a new Frequent Trader ID field will be displayed on the C2 Options Exchange (C2) CTM terminal trade browse screen. Please click the title for complete details.

Update - Cboe BZX and EDGX Options Exchanges to Increase Frequency of Symbol Mapping Messages within 5G-Shaped Multicast PITCH Feeds

February 09, 2018

Beginning February 20, 2018, the Cboe BZX and EDGX Options Exchanges will begin increasing the frequency by which Symbol Mapping messages are sent over the 5 Gigabit-Shaped (“5G-Shaped”) single leg Multicast PITCH feeds. During this time, Data Recipients subscribed to this feed will begin to see an accelerated rate of updates gradually across matching units until implementation is complete on March 9, 2018. Please click the title for complete details.

PAR Enhancements

February 08, 2018

Rollout of the following PAR enhancements will begin February 13, 2018:  An improved method for trading a PAR order with customer book orders (TB), and,  Improved notification when the PAR order price is equal to the same side as resting customer book orders. Please click the title for complete details.

SPX Firm Acronym Appointment - Update

February 08, 2018

Due to market volatility the SPX Firm acronym (SFA) new functionality targeted to be installed February 12th has been delayed. A future notice will be disseminated announcing the installation date. Please refer to the previously-published notice for further information on this change. Please click the title for complete details.

Cboe BZX and EDGX Options Exchanges to Increase Frequency of Symbol Mapping Messages within 5G-Shaped Multicast PITCH Feeds

February 07, 2018

The Cboe BZX and EDGX Options Exchanges will increase the frequency by which Symbol Mapping messages are sent over the 5 Gigabit-Shaped (“5G-Shaped”) single leg Multicast PITCH feeds per the Rollout Schedule below. The change will allow members who consume the 5G-Shaped Multicast PITCH feeds to receive the full list of symbols in approximately 5 minutes, and will allow for optimal distribution in situations where market data is susceptible to throttling as a result of high message burst rates. All 1 Gigabit-Shaped (“1G-Shaped”) feeds will continue to complete the full loop of Symbol Mapping messages in approximately 30 minutes.

SPX Firm Acronym Appointment - Update

February 02, 2018

As a precaution due to market volatility, the SPX Firm Acronym (SFA) new functionality scheduled for February 5th has been delayed until February 12th. Please click the title for complete details.

SPX Firm Acronym Appointment

February 02, 2018

Beginning February 5, 2018, SPX-UFAs will be renamed to SPX Firm Acronyms (SFAs) and new functionality will be implemented to allow TPHs to manage their SFA appointment via the Market Access Portal (MAP). Please click the title for complete details.

SPX Conversion to Hybrid Town Hall Discussion

February 01, 2018

Trading Systems Development (TSD) will host a Town Hall meeting to provide details related to the SPX conversion to Hybrid. Trading Permit Holders including Compliance Officers, PAR brokers and Market-Makers are strongly encouraged to attend. Please click title for more details.

C2 Options Exchange to Decommission Order View File

February 01, 2018

Effective upon the completion of the C2 migration to the Bats technology on Monday, May 14, 2018, the C2 Options Exchange will decommission the Order View File.

Monday-Expiring Weekly Options in SPY

February 01, 2018

The Cboe Options Exchanges (Cboe, C2, BZX and EDGX Options Exchanges) plan to file to trade Weekly options on the SPDR S&P 500 ETF Trust (SPY) which expire on Mondays (SPY Monday-expiring Weekly options). Subject to rule filing effectiveness, Cboe, C2, BZX and EDGX Options anticipate listing SPY Monday-expiring Weekly options for trading on February 16, 2018. Please click the title for complete details.

SPX Conversion to Hybrid Platform

February 01, 2018

As announced in RG17-136, Cboe Exchange, Inc. (“Cboe Options”) will be converting A.M.-settled SPX options series currently traded on the Hybrid 3.0 trading platform during Regular Trading Hours (“RTH”) to the standard Hybrid trading platform. The symbol for these series will remain SPX. Please click the title for complete details.

Cboe BZX and EDGX Options Exchanges to Introduce Multicast Top Feed

January 30, 2018

As part of the previously announced migration of the C2 Options Exchange to the Bats technology platform, the BZX Options and EDGX Options Exchanges will introduce a Multicast Top Feed for the single leg options book per the below Rollout Schedule (pending regulatory review). Click the title for complete details.

Trading Halt Notifications for Cboe and C2 Options Exchanges

January 30, 2018

Effective, February 1, 2018, Cboe and C2 Options Exchanges will discontinue the dissemination of option trading halt notifications via e-mail and text message. Please click the title for complete details.

EDGX Options Exchange BOE Bulk Port Restriction Effective March 19, 2018

January 30, 2018

Please be advised that on Monday, March 19, 2018, pending regulatory approval, EDGX Options will begin limiting usage of BOE Bulk Order ports to Post Only orders only. Removing liquidity with BOE Bulk ports will not be allowed. As of the effective date, the default RoutingInst for all EDGX Options BOE Bulk Order ports will be set to “P”ost only, and orders input with a non-post only instruction will be rejected. Note TimeInForce must also be Day or GTD for BOE Bulk orders as of the effective date. Please click on the title for complete details.

Stop Orders on Cboe Options

January 26, 2018

Beginning the week of Jan 29, with a rollout targeted to be completed February 2nd, Stop and Stop-Limit orders which can be triggered immediately upon receipt based upon the prevailing bid-ask on Cboe Options will be rejected back to the sender. Please click the title for complete details

SPX Firm Acronym Appointment - Update

January 26, 2018

The SPX Firm Acronym (SFA) new functionality that had been announced with an installation date of January 29 has been delayed. Please refer to the notice published earlier this week for details on the change. A future notice will be disseminated when a new install date is known. Please click the title for complete details.

Reminder - Cboe BZX and EDGX Options Exchanges to Introduce Multi-Day Open Order Functionality

January 25, 2018

As part of the previously announced migration of the C2 Options Exchange to the Bats technology platform, the BZX Options and EDGX Options Exchanges will introduce multi-day order functionality per the below Rollout Schedule. The new functionality will allow Good ‘Til Cancel (GTC) and Good ‘Til Date (GTD) orders to persist over trading days.

Compression Forum Manager Access

January 24, 2018

Pursuant to Rule 6.56, the Cboe Exchange, Inc. (“the Exchange”) holds open outcry “compression forums” on the final three business days of every calendar month to facilitate closing transactions in series of S&P 500 Index options (i.e., SPX and SPXW) from 10:00 am CT to 2:00 pm CT. In January 2018, TPHs may submit compression-list positions via the web-based Compression Forum Manager (“CFM”). Beyond the submission stage, the compression forum will proceed according to the process used in December 2017, outlined in RG-17-184. The URL for the CFM is https://www.cboe.org/cfm, and TPHs may begin testing the submission process beginning on 1/24/2018. Please click on the title for complete details.

SPX Firm Acronym Appointment

January 23, 2018

Beginning January 29, 2018, SPX-UFAs will be renamed to SPX Firm Acronyms (SFAs) and new functionality will be implemented to allow TPHs to manage their SFA appointment via the Market Access Portal (MAP). After clicking on the View Current Appointments button for an SFA within the Appointments tab, users will be able to select or deselect the SPX/SPXW class appointment for the SFA, as shown below. Please click the title for complete details.

Product Description for Wednesday Expiring Weekly Options in XSP

January 23, 2018

Commencing January 30, 2018, Cboe Exchange, Inc. (‘Cboe Options”) will list for trading Wednesday-expiring weekly options on the Mini-SPX Index (“XSP”), which is based on 1/10th the value of the Standard & Poor’s 500 Index. Please click the title for complete details.

Change to Daily Closing Time for Options on Certain Exchange-Traded Products

January 19, 2018

Effective January 22, 2018, the Cboe Options Exchanges (Cboe, C2, BZX and EDGX Options) will be changing the daily closing time for options on certain exchange-traded products (ETPs) from 3:00 pm CT to 3:15 pm CT. Please click the title for complete details.

Introducing PULSe Admin Web

January 18, 2018

Cboe is pleased to announce PULSe Admin Web, a risk management suite available to PULSe desktop users with Firm Administrator privileges. From PULSe Admin Web, Firm Administrators will have the ability to manage PULSe risk controls at the Firm, User, and Account levels, as well as run risk control reports. Please click the title for complete details.

Final Reminder: Cboe EDGX Options Exchange Introduces Customer Indicator Field on Complex Multicast TOP Feed

January 18, 2018

As previously announced, Cboe EDGX Options Exchange will add a Customer Indicator field for the Complex Multicast TOP feed effective Monday, January 22, 2018. The Bit Fields field will allow users to identify when there are customer orders at the best bid or offer price on the Complex Order Book (“COB”).

Compression Forum Process

January 18, 2018

Please click on the title for complete details related to January compression forums, new Compression Form Manager ("CFM") functionality, 2018 compression forum dates, and fee rebates related to compression and non-compression forums.

Reminder: Notice Regarding Integration of Cboe Global Markets U.S. Market Data Agreement, Cboe/C2 Options Data Agreements and CFE Data Agreements, and Amendments to U.S. Market Data Policies

January 17, 2018

As previously announced on November 6, 2017 (“Original Notice”), as part of the integration efforts of Bats and Cboe, in an effort to ease the administrative burden on Data Recipients and the combined company as well as to simplify the terms and conditions that govern the receipt of market data from Cboe Data Services, LLC (“CDS”), CDS seeks to have recipients of market data under the Cboe Global Markets U.S. Market Data Agreement (the “Data Agreement”), C1/C2 Data Agreement and CFE Data Agreement (each as defined in the Original Notice ) governed by a single agreement and market data policies. Please click on the title for complete details.

Reminder: Introduction of Cboe Data Product Declarations Tool Effective February 1, 2018 for CFE and April 1, 2018 for Cboe and C2 Options

January 16, 2018

As previously announced, Cboe is pleased to introduce its Data Product Declarations Tool available February 1, 2018 for the Cboe Futures Exchange (CFE) and April 1, 2018 for the Cboe Options Exchange (Cboe Options) and C2 Options Exchange (C2 Options). Please click on the title for complete details.

Cboe BZX and EDGX Options Exchanges to Introduce Multi-Day Open Order Functionality

January 12, 2018

As part of the previously announced migration of the C2 Options Exchange to the Bats technology platform, the BZX Options and EDGX Options Exchanges will introduce multi-day order functionality per the below Rollout Schedule (pending regulatory approval). The new functionality will allow Good ‘Til Cancel (GTC) and Good ‘Til Day (GTD) orders to persist over trading days. Please click the title for complete details.

Final Reminder: Cboe BZX and EDGX Options Exchanges to Introduce Trade Condition Field on Single Leg Multicast PITCH Feed

January 12, 2018

As previously announced, the Cboe BZX and EDGX Options Exchanges will add a Trade Condition field for the single leg Multicast PITCH feed effective Tuesday, January 16, 2018. The Trade Condition field will allow customers to identify executions resulting from a complex (spread) trade. This field will be space-filled for non-complex trades, including for all trades that occur on the BZX Options Exchange.

Electronic Only Orders - Update

January 09, 2018

The activation of Electronic Only orders on the Cboe Options Exchange described in RG17-147 is now scheduled for implementation on Friday, January 12, 2018. Please click the title for complete details.

Reminder: Cboe Integration Conference Call Update on January 9, 2018

January 04, 2018

As previously announced, Cboe will conduct its next customer integration call at 11:30 a.m. CT on January 9, 2018 to update customers regarding the migration of both CFE and C2 trading platforms to Bats technology as well as the CSMI Index data feed migration to NY5. During the call, we will update details regarding our data center strategy, the integration timeline, key transition dates, and additional information. Please click on the title for complete details.

Informational Session Regarding Give Ups

January 03, 2018

On Thursday, January 4, Cboe will hold an informational session regarding potential changes to the Cboe Options Exchanges’ (Cboe, C2, BZX and EDGX Options) rules regarding the give up of a Clearing Trading Permit Holder/Member. The session will be held at 3:30 pm in Conference Room 4A of the Cboe building at 400 S. LaSalle Street in Chicago. Please click the title for complete details.

Reminder: Cboe EDGX Options Exchange Introduces Customer Indicator Field on Complex Multicast TOP Feed

January 02, 2018

As previously announced, Cboe EDGX Options Exchange will add a Customer Indicator field for the Complex Multicast TOP feed effective Monday, January 22, 2018. The Bit Fields field will allow users to identify when there are customer orders at the best bid or offer price on the Complex Order Book (“COB”). Click the title for complete details.