Tradedesk Updates

Cboe Options Exchange Compression Forum Pricing Update Effective April 7, 2020

April 08, 2020

Effective April 7, 2020, all exchange fees and applicable surcharges will be waived for SPX and SPXW compression trades. Please click the title for complete details.

Reminder - Cboe Options Exchange to Discontinue Report2Web

April 07, 2020

Effective April 13, 2020, Cboe Options (C1) will discontinue the Report2Web website and reports will no longer be accessible via the website. Report2Web contains legacy C1 historical billing and trade reports for trading activity to October 7, 2019. Please click the title for complete details.

Restricted Clearing Member OCC Number 671 on BZX Options Exchange

April 06, 2020

Pursuant to BZX Options Rule 21.12, Clearing Members may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other Members by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for complete details.

Restricted Clearing Member OCC Numbers 161 and 792 on BZX Options Exchange

April 06, 2020

Pursuant to BZX Options Rule 21.12, Clearing Members may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other Members by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for complete details.

Update - LeavesQty for Single-Leg Instrument Fills Reported Resulting from Complex Execution

April 03, 2020

Effective April 9, 2020, Cboe Options (“C1”), C2 Options (“C2”), and EDGX Options (“EDGX”) Exchanges will make updates to the FIX order entry protocol to correctly populate and send the LeavesQty (FIX Tag 151) field on single-leg instrument fills that result from a complex instrument execution. Please click the title for complete details.

Update - Cboe Options Exchange Adds Support For Identifying Terminal Operator and Client Information

April 03, 2020

Effective April 7, 2020, Cboe Options Exchange (“C1”) will add two new optional FIX Tags intended to provide terminal operator information and additional client information from TPHs using terminals (such as PULSe or Silexx). Please click the title for complete details.

PULSe Trader Workstation Enhancement Release 5.7.0

April 03, 2020

Effective Monday, April 6, 2020, Cboe Options Exchange (“C1”) will release a new software version for the PULSe Trader Workstation which will allow entry and routing of multiple contras on complex AIM and QCC orders. Please click the title for complete details.

Restricted Clearing Member OCC Number 067 on EDGX Options Exchange and BZX Options Exchange

April 03, 2020

Pursuant to EDGX Options and BZX Options Rule 21.12, Clearing Members may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other Members by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for complete details.

Restricted Clearing Trading Permit Holder OCC Number 067 on Cboe Options Exchange and C2 Options Exchange

April 03, 2020

Pursuant to Cboe Options Rule 5.10 and C2 Options Rule 6.30, Clearing Trading Permit Holders may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other TPHs by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for complete details.

Reinstatement of Minimum Intraday Electronic Quote Size in SPX

April 03, 2020

Effective April 6, 2020, Cboe Exchange, Inc. (“Cboe Options”) is reinstating the initial minimum quote size requirements for intraday electronic bids and offers in the SPX group of series described in Cboe Options Regulatory Circular 19-032. Please click the title for complete details.

Restricted Clearing Member OCC Numbers 608 and 659 on EDGX Options Exchange and BZX Options Exchange

April 03, 2020

Pursuant to EDGX Options and BZX Options Rule 21.12, Clearing Members may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other Members by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for complete details.

Restricted Clearing Trading Permit Holder OCC Numbers 608 and 659 on Cboe Options Exchange and C2 Options Exchange

April 03, 2020

Pursuant to Cboe Options Rule 5.10 and C2 Options Rule 6.30, Clearing Trading Permit Holders may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other TPHs by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for complete details.

Update on CAT Order File/Reporting Services and Test File Availability

April 02, 2020

As previously announced in Exchange Notice C2020011500, we intend to make consolidated audit trail (“CAT”) formatted files available to our Cboe Options, C2 Options, BYX, BZX, EDGA, EDGX Members and Trading Permit Holders (collectively “Members”) for orders processed via the PULSe, Silexx, PAR, Clearing Editor, and Trade Entry applications/platforms where applicable. In order for us to perform this work Members will need to execute a CAT Data Services Agreement with Cboe-affiliated entity, Cboe Silexx, LLC (“Cboe Silexx”). Please click the title for more details.

Additional Remote Town Hall: Silexx Support for Listed Options

April 02, 2020

An additional Town Hall has been scheduled on April 3, 2020, for those that are not able to attend the April 2, 2020 meeting. In response to client feedback, Cboe Silexx is pleased to announce the expedited introduction of support for listed options. Please click the title for complete details.

Cboe Options Exchange Compression Forum Commencing April 1, 2020

March 31, 2020

Effective 2:00 am CT April 1, 2020, Cboe Options Exchange (“the Exchange”) will host an electronic compression forum for SPX and SPXW options classes. Unless other notification is provided, the forum will continue during regular and global trading hours until 3:15 pm CT on May 15, 2020. Please click the title for complete details.

Remote Town Hall: Silexx Support for Listed Options

March 31, 2020

In response to client feedback, Cboe Silexx is pleased to announce the expedited introduction of support for listed options. Please click the title for complete details.

Reminder - Cboe Adds Support for SendTime BOE Input Field to Support CAT Reporting

March 30, 2020

Effective March 31, 2020, all Cboe-affiliated Options Exchanges will support the SendTime input field for Cancel Order and Purge Orders BOE messages. Use of the SendTime input field is optional, except for Options Market Makers. Please click the title for complete details.

Post Trade Clearing Edits for Electronic Trades on Cboe Options

March 27, 2020

Effective March 26, 2020, Cboe Options Exchange amended its rules related to trade updates and additions permitted through the Clearing Editor and related Trade Add Tool for electronic trades, subject to regulatory review. Please click the title for more details.

Cboe Options Trading Floor Closure Update

March 27, 2020

As indicated in a previous notice, as a precaution to reduce large gatherings that can contribute to the spread of the novel coronavirus (COVID-19), Cboe temporarily closed the Cboe Options (“C1”) trading floor in Chicago effective Monday, March 16, 2020. The trading floor remains closed until further notice. Please click the title for complete details.

Cboe Options BOE Quoting Interface Restricted to Market Makers, Non-Zero SendTime Value Required

March 27, 2020

Effective April 24, 2020, Cboe BZX Options ("BZX"), Cboe Options ("C1"), C2 Options ("C2"), and EDGX Options (“EDGX”) Exchanges will restrict usage of the BOE Quoting Interface to Market Makers only, subject to regulatory review. In addition, orders with zero value SendTime will be rejected. Please click the title for complete details.

March 2020 Electronic Compression Forum and QCC Support for SPX and SPXW Compression Orders; Remote Town Hall to be Held March 26, 2020

March 26, 2020

Pursuant to Rule 5.24, the Cboe Exchange, Inc. (“the Exchange”) can hold “electronic compression forums” according to an Exchange determined schedule to facilitate closing transactions in series of S&P 500 Index options (i.e., SPX and SPXW). This notice details the schedule and process for the end of March 2020 electronic compression forums, including the adoption effective March 27, 2020 of Cboe’s QCC functionality to support the execution of SPX and SPXW electronic compression orders. Please click the title for complete details.

Temporary Suspension of Onsite Fingerprinting and Badging

March 25, 2020

Due to COVID-19 and the Illinois shelter in place order, Cboe Options is temporarily suspending on-site fingerprinting and badging services effective immediately. Please click the title for more details.

Potential Mechanism for Interim All-Electronic SPX Compression Forum Cross

March 25, 2020

Cboe Global Markets is pursuing potential changes that would permit SPX compression transactions in an all-electronic forum on the Cboe Options Exchange, subject to regulatory review. As the Exchange prepares for this possibility, we would like to ask TPHs and customers who have positions that would be candidates for compression trades to submit their applicable positions to the Cboe compression website. Please click the title for complete details.

Update - PULSe Trader Workstation Enhancement Release 5.6.1

March 24, 2020

Effective Monday, March 23, 2020, Cboe Options Exchange (“C1”) has released a new software version for the PULSe Trader Workstation. Please click the title for more details.

Update - Changes to Standard 3rd Friday Expiration Listings for Equity, ETP, and Index Options on Cboe Options Exchanges Postponed

March 23, 2020

Beginning Thursday, May 14, 2020, the Cboe Options Exchanges will list new replacement standard 3rd Friday monthly expirations for Equity ETP and Index options on the Thursday morning prior to, rather than on the first business morning after, the standard 3rd Friday expiration. Please click the title for complete details.

PULSe Trader Workstation Enhancement Release 5.6.1

March 23, 2020

Effective Monday, March 23, 2020, Cboe Options Exchange (“C1”) has released a new software version for the PULSe Trader Workstation. Please click the title for more details.

Cboe Global Markets Update Regarding the Novel Coronavirus (COVID-19)

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.

Temporary Closure of 400 S. LaSalle Badges Office

March 20, 2020

Effective Monday, March 23, 2020, the Cboe Options Exchange Badges office will temporarily close until further notice. Please click the title for more details.

VIX Index Option Combo Versus Related Futures Transactions – Related Futures Cross (RFC)

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.

DPM Appointment Transfer Proposal Approval between Barclays Capital Inc. and GTS Securities, LLC

March 20, 2020

The Exchange has approved, pursuant to Exchange Rule 3.53, a proposal from Barclays Capital Inc. and GTS Securities, LLC, both TPH organizations approved to operate as DPMs, regarding a transfer of Barclays Capital Inc.’s Off-Floor DPM appointment. Please click the title for complete information.

Update - LeavesQty for Single-Leg Instrument Fills Reported Resulting from Complex Execution Postponed

March 20, 2020

The effective date has been postponed for the Cboe Options (“C1”), C2 Options (“C2”), and EDGX Options (“EDGX”) Exchanges updates to the FIX order entry protocol to correctly populate and send the LeavesQty (FIX Tag 151) field on single-leg instrument fills that result from a complex instrument execution. Click the title for complete details.

Notification Regarding Settlement Determinations Under Current Market Conditions – SPX Options

March 20, 2020

In connection with the settlement of standard S&P 500 Index (SPX) options, scheduled for Friday, March 20, 2020, Cboe is issuing this notice as a courtesy to its customers. Please click the title for more details.

Updates to Minimum and Maximum Price Checks for SPX and SPXW Vertical Spreads

March 19, 2020

Effective on the Cboe Options Exchange for today, Thursday March 19, 2020 only, in the interest of fair and orderly markets the minimum price check for SPX versus SPXW vertical spreads has been updated to -$50.00 and the maximum price check has been updated to $50.00. Please click the title for complete details.

Cboe Options Exchange Permitted Series, Fee Schedule for FLEX NDX and NDXP Classes

March 18, 2020

As part of a Business Continuity Plan (“BCP”) to back up Nasdaq PHLX floor operations which have been transitioned to electronic only trading, effective Tuesday, March 17, 2020, Cboe Options Exchange (“C1”) began to support FLEX trades in product classes NDX and NDXP. 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.

Cboe Options Exchange Fee Changes Related to Trading Floor Closure

March 17, 2020

As indicated in a previous notice, as a precaution to reduce large gatherings that can contribute to the spread of the novel coronavirus (COVID-19), Cboe has closed the Cboe Options Exchange (“C1”) trading floor in Chicago effective Monday, March 16, 2020 until further notice. During the closure of the trading floor, the following changes to C1 fees will be in effect, subject to regulatory review. Please click the title for complete details.

Notification of Recent Updates to OCC’s Unscheduled Market Closings Guide

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.

Cancellation of Resting Orders on PAR

March 13, 2020

As previously announced in a recent notice, effective March 16, 2020, Cboe will be closing the Cboe Options (C1) trading floor and will be operating in an electronic only trading mode. As a result, all orders residing on PAR workstations on the trading floor will be cancelled by the Exchange after the close of business today, March 13, 2020 at approximately 4:45pm ET. FIX and BOE users are encouraged to keep their connections active to receive the cancellation messages for any orders they may have resting on PAR. Please click the title for more details.

Update - Cboe Options to Implement Maximum Active Order Threshold on PAR Postponed

March 13, 2020

The effective date has been postponed for the Cboe Options implementation of a new maximum active order threshold safeguard on PAR terminals used by floor brokers. Please click the title for complete details.

Update: Cboe Options Exchange Adds Support For Identifying Terminal Operator and Client Information Postponed

March 13, 2020

The effective date has been postponed for the Cboe Options Exchange (“C1”) addition of two new optional FIX Tags intended to provide terminal operator information and additional client information from TPHs using terminals (such as PULSe or Silexx). Please click the title for complete details.

Novel Coronavirus Update, Trading Floor Closure

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.

Additional Cboe Options Exchange (C1) Town Hall on Business Continuity Plans Related to Novel Coronavirus

March 12, 2020

Cboe intends to hold an additional Town Hall to update TPHs on the latest developments related to the novel coronavirus (COVID-19) and the trading floor. Please click the title for complete details.

Cboe Options Exchange (C1) Town Hall on Business Continuity Plans Related to Novel Coronavirus

March 12, 2020

Cboe intends to hold a Town Hall to update TPHs on the latest developments related to the novel coronavirus (COVID-19) and the trading floor. Please click on the title for complete details.

Cboe Options (“C1”) Certification Environment Configured for Testing Electronic Only Trading

March 12, 2020

Please be advised that for today, Thursday March 12, 2020 and tomorrow, Friday March 13, 2020, the Cboe Options (“C1”) Certification (or UAT) environment has been configured to operate in its electronic only trading mode. Please click the title for complete details.

COVID-19 Trading Floor Rumor

March 11, 2020

Cboe has become aware of rumors that a member of our floor trading community has tested positive for the COVID-19 virus. We want to make you aware this rumor is not true and to clarify the facts related to this matter. We additionally want to confirm the trading floor is not being closed as may have been rumored. Please click the title for complete details.

Cboe Order Handling Procedures Following Market-Wide Circuit Breaker Halts

March 11, 2020

As a reminder, information regarding the handling of orders on the Cboe equities exchanges (BZX Equities, BYX Equities, EDGX Equities, and EDGA Equities) as a result of a market-wide circuit breaker halt can be found on the third page of the Cboe US Equities Opening Process document as well as within the “Cboe BYX, BZX, EDGA, and EDGX Exchange” sections of the CTA or UTP Plan documents (e.g. SIP Market-Wide Circuit Breaker Overview). Please click the title for complete details.

Cboe Announces New Complaints, Tips, and Referral Form

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.

Correction - Update to LeavesQty for Single-Leg Instrument Fills Reported Resulting from Complex Execution

March 10, 2020

Effective March 25, 2020, Cboe Options (“C1”), C2 Options (“C2”), and EDGX Options (“EDGX”) Exchanges will make updates to the FIX order entry protocol to correctly populate and send the LeavesQty (FIX Tag 151) field on single-leg instrument fills that result from a complex instrument execution. Please click the title for complete details.

Update to LeavesQty for Single-Leg Instrument Fills Reported Resulting from Complex Execution

March 10, 2020

Effective March 25, 2020, Cboe Options (“C1”), C2 Options (“C2”), and EDGX Options (“EDGX”) Exchanges will make updates to the FIX order entry protocol to correctly populate and send the LeavesQty (FIX Tag 32) field on single-leg instrument fills that result from a complex instrument execution. Please click the title for complete details.

Updates to Maximum Leg Quantity and Maximum Package Price for Complex Orders

March 10, 2020

Effective April 13, 2020, Cboe Options, C2 Options (“C2”), and EDGX Options (“EDGX”) Exchanges will support an increased leg quantity for complex orders. The allowable leg quantity for complex orders will be increased from 99,999 to 999,999, thereby increasing the possible value by a factor of 10. The maximum package price for complex orders will also be increased to $999,999,999.90. Please click the title for complete details.

Restricted Clearing Member OCC Numbers 519, 540, 551, 552, and 598 on BZX Options Exchange

March 09, 2020

Pursuant to BZX Options Rule 21.12, Clearing Members may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other Members by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for complete details.

Cboe Silexx Software Enhancements

March 09, 2020

Cboe Silexx is excited to announce effective today, March 9, 2020, the following enhancements are available. Please click title for complete details.

Update to Complex Auction Response Time Intervals for SPX and SPXW on Cboe Options Exchange

March 06, 2020

Effective Monday, March 9, 2020 the Response Time Interval for Complex Order Auctions (COA) in classes SPX and SPXW on Cboe Options Exchange (“C1”) will be updated. The interval will be increased from 100 ms to 1000 ms. Please click the title for complete details.

Cboe Options Announces Index Combo Order Complex Order Handling (coming soon)

March 06, 2020

On December 19, 2019, Cboe Options filed rule filing SR-CBOE-2019-126 which amended its Rules to adopt the Index Combo complex order. By way of background, an Index Combo order is an order to purchase or sell one or more index option series and the offsetting number of Index Combinations defined by the delta. Please click the title for more details.

Cboe Options Exchange (C1) Town Hall on Business Continuity Plans Related to Novel Coronavirus

March 06, 2020

Should Cboe deem it necessary to suspend open outcry trading on the C1 trading floor in an attempt to prevent the spread of novel coronavirus (COVID-19), Cboe is prepared to operate C1 in its previously tested electronic only trading mode. Please click the title for more details.

Cboe Novel Coronavirus Update

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.

Updated - Clearing Member Give Up Authorization for Cboe BZX Options Exchange

March 05, 2020

Applicable Cboe Exchange: Cboe BZX Options Pursuant to BZX Options Rule 21.12, effective as of March 2, 2020, all non-Market-Maker Members are only permitted to give up a Designated Give Up or their Guarantor. Additionally, the rule provides a new procedure will be in place when a Clearing Member (CM) intends to restrict usage of its clearing number on trades executed by another Member (“give up”).

PULSe Trader Workstation Enhancement Release 5.6.0

March 05, 2020

Cboe Options Exchange will begin rollout of a new software version for the PULSe Trader Workstation. PULSe users will be notified in advance of the rollout to their specific terminals. Please click the title for complete details.

Update - Phone Turret Demonstrations on the Cboe Options Trading Floor

March 03, 2020

All Cboe Options (C1) floor traders are invited to test the potential new turrets for the new C1 trading floor. The turrets will be available on the C1 trading floor for testing daily through Friday, March 6th. Please click title for complete details.

Cboe Options Exchanges Introduce Sequence Rollover Capability for Multicast Depth of Book (“PITCH”) Feeds

March 03, 2020

Effective March 16, 2020, Cboe will introduce sequence rollover capabilities for the Multicast Depth of Book (“PITCH”) Feeds for the BZX Options (“BZX”), Cboe Options (“C1”), C2 Options (“C2”), and EDGX (“EDGX”) Options Exchanges.

Novel Coronavirus Update

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.

Cboe Options Exchange Adds Support For Identifying Terminal Operator and Client Information

February 26, 2020

Effective March 23, 2020, Cboe Options Exchange (“C1”) will add two new optional FIX Tags intended to provide terminal operator information and additional client information from TPHs using terminals (such as PULSe or Silexx). New columns corresponding to the new FIX Tags will also be added to the Clearing Editor tool as well as the Trade Detail and Trade Data Reports downloaded from the Cboe Customer Web Portal. Please click the title for complete details.

New OCC Clearing Number 864 on Cboe Options Exchange

February 25, 2020

Please be advised that ED&F Man Capital Markets Inc., OCC Clearing #864, has recently become a valid Clearing Number for trade executions on the Cboe Options Exchange. Please inform your systems and operations staff of this information. Please click the title for more details.

Cboe Options to Implement Maximum Active Order Threshold on PAR

February 24, 2020

Effective March 16, 2020, Cboe Options will implement a new maximum active order threshold safeguard on PAR terminals used by floor brokers. The maximum active order threshold will be set to 999. Please click title for complete details.

Reminder - Clearing Member Give Up Authorization for Cboe BZX Options Exchange

February 24, 2020

Pursuant to BZX Options Rule 21.12, effective March 2, 2020, all non-Market-Maker Members will only be permitted to give up a Designated Give Up or their Guarantor. Additionally, the rule provides a new procedure will be in place when a Clearing Member (CM) intends to restrict usage of its clearing number on trades executed by another Member (“give up”). Please click the title for complete details.

Cboe Town Hall on Options Market Maker Consolidated Audit Trail (CAT) Reporting

February 21, 2020

At the time and location indicated herein, Cboe will host a Town Hall meeting to provide details regarding option market maker reporting to the Consolidated Audit Trail (CAT). Cboe market maker groups are strongly encouraged to attend. Please click the title for more details.

Cboe Options Exchanges Updates to Options Underlying Symbol Reference Files

February 20, 2020

Effective March 13, 2020, Cboe will modify and provide additional fields in the Underlying Symbol Reference Files for the BZX Options (“BZX”), Cboe Options (“C1”), C2 Options (“C2”), and EDGX (“EDGX”) Options Exchanges. Please click the title for complete details.

DPM Appointment Transfer Proposal between Barclays Capital Inc. and GTS Securities, LLC

February 19, 2020

This notice is given in accordance with the procedures utilized by the Exchange under Cboe Rule 3.53 in considering DPM appointment transfer proposals. Please click the title for more details.

Cboe Silexx Software Enhancements

February 18, 2020

Cboe Silexx is excited to announce effective today, February 18, 2020, the following enhancements are available: Please click title for complete details.

Reminder - Cboe Adds Support for BOE Return Field ExecLegCFICode

February 14, 2020

Effective February 19, 2020, Cboe will add support for the BOE protocol return field ExecLegCFICode on the Cboe Options (“C1”), C2 Options (“C2”), and EDGX Options (“EDGX”) Exchanges. Please click the title for complete details.

Novel Coronavirus Guidance

February 12, 2020

Cboe is issuing this notice to pass along important information provided by the the Centers for Disease Control and Prevention (“CDC”) that may help prevent workplace exposures to acute respiratory illnesses, including the 2019 novel coronavirus (2019-nCoV). The CDC has also issued advisories regarding travel to China. Pleas click the title for complete details.

Cboe Town Hall on Consolidated Audit Trail (CAT) Reporting and New Silexx Functionality

February 11, 2020

On February 13, 2020, Cboe Options will host an in-person Town Hall meeting to provide details regarding CAT reporting on behalf of TPHs and Cboe Silexx trading application expanded new functionality. Please click the title for complete details.

Reminder – Cboe Options Adds Percentage Pricing for Non-Index FLEX Orders

February 11, 2020

Effective February 18, 2020, Cboe will add percentage pricing for non-index FLEX orders and auction responses. Percentage pricing indicates that the Strike Price and the Premium are represented in percentage terms of the closing value for the underlying instrument on the trade date. Please click the title for complete details.

Phone Turret Demonstrations on the Cboe Options Trading Floor

February 11, 2020

All Cboe Options (C1) floor traders are invited to test the potential new turrets for the new C1 trading floor beginning Monday, February 10. The turrets will be available on the C1 trading floor for testing daily through Friday, February 28. Please click the title for complete details.

Cboe Elimination of Order Represent Functionality Except from PAR

February 07, 2020

Effective April 1, 2020, Cboe Options floor brokers may no longer record the “Represent” times of their orders in Order Entry Devices (such as PULSe and BLAZE terminals). Floor brokers may only record the “Represent” times of their orders with the Represent button on PAR workstations. Please click the title for complete details.

Reminder: Changes to Clearing Editor, Secure Web API Functionality When Updating Capacity from Customer

February 05, 2020

Effective February 7, 2020, the Clearing Editor will require the user to select a Reason Code when changing the value of the Capacity field on either floor or electronic orders from Customer to any other Capacity. Previously, a Reason Code was not required to change the Capacity value from Customer. Please click the title for complete details.

Cboe Acquires Two Leading Data Analytics Companies

February 04, 2020

Cboe is pleased to announce the acquisition of two leading data analytics companies: Hanweck, a real-time risk analytics company, and FT Providers, a portfolio management platform provider known as FT Options. Please click the title for complete details.

Updated - Cboe Options Exchange VIX GTH LMM Solicitation

February 03, 2020

Cboe Exchange, Inc. will be accepting applications from interested Trading Permit Holders for the Lead Market-Maker role in the Global Trading Hours session for VIX options (including VIX weekly options). Please click the title for complete details.

Cboe Adds Support for BOE Return Field ExecLegCFICode

February 03, 2020

Effective February 19, 2020, Cboe will add support for the BOE protocol return field ExecLegCFICode on the Cboe Options (“C1”), C2 Options (“C2”), and EDGX Options (“EDGX”) Exchanges. Please click the title for complete details.

Reminder: Final Daily Trade Submission Deadlines for Cboe Options Exchange

January 31, 2020

As mentioned in a prior exchange notice, the Cboe Options Exchange’s deadline for final submission of trade input to the OCC is 5:30pm (ET). Accordingly, in order to fulfill the obligation to complete trade submission by 5:30 p.m., the deadline for hard edit changes via clearing editor is 5:20 p.m. (ET) on all trading days, including expiration days. Please click the title for more details.

Clearing Member Give Up Authorization for Cboe BZX Options Exchange

January 30, 2020

Pursuant to BZX Options Rule 21.12, effective March 2, 2020, all non-Market-Maker Members will only be permitted to give up a Designated Give Up or their Guarantor. Additionally, the rule provides a new procedure will be in place when a Clearing Member (CM) intends to restrict usage of its clearing number on trades executed by another Member (“give up”). Please click the title for complete details.

Cboe Options Adds Percentage Pricing for Non-Index FLEX Orders

January 29, 2020

Effective February 18, 2020, Cboe will add percentage pricing for non-index FLEX orders and auction responses. Percentage pricing indicates that the Strike Price and the Premium are represented in percentage terms of the closing value for the underlying instrument on the trade date. Please click the title for complete details.

Reminder - Cboe Adds Support for Solicitation Auction Mechanism (SAM) and Complex SAM (C-SAM) Auctions on EDGX Options Exchange

January 29, 2020

Effective February 3, 2020, Cboe will add support for Solicitation Auction Mechanism (SAM) and Complex SAM (C-SAM) auctions on the EDGX Options (“EDGX”) Exchange. Please click the title for complete details.

Cboe Adds Support for SendTime BOE Input Field to Support CAT Reporting

January 28, 2020

Effective March 31, 2020, all Cboe-affiliated Options Exchanges will support the SendTime input field for Cancel Order and Purge Orders BOE messages. Please click the title for complete details.

Reminder - Cboe Announces New Opening Process for BZX Options Exchange

January 28, 2020

Effective January 30, 2020, Cboe will eliminate the current Midpoint Uncross Opening Process and implement a Volume Maximizing Imbalance Minimizing (VMIM) algorithm-based price forming Opening Process on the BZX Options Exchange (BZX), subject to regulatory review. Please click the title for complete details.

Restricted Clearing Trading Permit Holder OCC Numbers 477 and 549 on Cboe (C1) Options Exchange

January 27, 2020

Pursuant to Cboe Options Rule 5.10, Clearing Trading Permit Holders may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other TPHs by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for more information.

Restricted Clearing Trading Permit Holder OCC Numbers 477 and 549 on C2 Options Exchange

January 27, 2020

Pursuant to C2 Options Rule 6.30, Clearing Trading Permit Holders may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other TPHs by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for more information.

Restricted Clearing Member OCC Numbers 017 and 534 on EDGX Options Exchange

January 27, 2020

Pursuant to EDGX Options (“EDGX Options” or the “Exchange”) Rule 21.12, Clearing Members (CMs) may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other Members by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for more 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.

Restricted Clearing Member OCC Numbers 010 and 200 on EDGX Options Exchange

January 21, 2020

Pursuant to EDGX Options (“EDGX Options” or the “Exchange”) Rule 21.12, Clearing Members (CMs) may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other Members by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for more details.

Restricted Clearing Trading Permit Holder OCC Numbers 010 and 200 on C2 Options Exchange

January 21, 2020

Pursuant to C2 Options (“C2 Options” or the “Exchange”) Rule 6.30, Clearing Trading Permit Holders (CTPHs) may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other TPHs by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for more details.

Update to Trade Condition Values on Cboe and OPRA Data Feeds

January 21, 2020

Effective January 27, 2020, the Cboe Options Exchange will cease using Trade Condition value ‘i’ and will only send Trade Condition value ‘m’ for complex floor executions both to OPRA and to Cboe Options market data feeds including Multicast PITCH and Multicast TOP.

Restricted Clearing Member OCC Number 671 on EDGX Options Exchange

January 21, 2020

Pursuant to EDGX Options (“EDGX Options” or the “Exchange”) Rule 21.12, Clearing Members (CMs) may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other Members by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for more details.

Restricted Clearing Trading Permit Holder OCC Number 671 on C2 Options Exchange

January 21, 2020

Pursuant to C2 Options (“C2 Options” or the “Exchange”) Rule 6.30, Clearing Trading Permit Holders (CTPHs) may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other TPHs by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for more details.

Restricted Clearing Member OCC Numbers 161 and 792 on EDGX Options Exchange

January 21, 2020

Pursuant to EDGX Options (“EDGX Options” or the “Exchange”) Rule 21.12, Clearing Members (CMs) may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other Members by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for more details.

Restricted Clearing Trading Permit Holder OCC Numbers 161 and 792 on C2 Options Exchange

January 21, 2020

Pursuant to C2 Options (“C2 Options” or the “Exchange”) Rule 6.30, Clearing Trading Permit Holders (CTPHs) may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other TPHs by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for more details.

Cboe Options Exchange SPX GTH LMM Solicitation

January 17, 2020

Effective immediately, Cboe Exchange, Inc. will be accepting applications from interested Trading Permit Holders for the Lead Market-Maker role in the Global Trading Hours session for SPX options (including SPX weekly options). Interested parties must submit application materials to become the SPX GTH LMM no later than 4:00 pm ET on Wednesday January 29, 2020 to Cboe Membership Services. Click the title for complete details.

Restricted Clearing Member OCC Numbers 519, 540, 551, 552 and 598 on EDGX Options Exchange

January 17, 2020

Pursuant to EDGX Options (“EDGX Options” or the “Exchange”) Rule 21.12, Clearing Members (CMs) may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other Members by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for more details.

Cboe Options Exchange VIX GTH LMM Solicitation

January 17, 2020

Cboe Exchange, Inc. will be accepting applications from interested Trading Permit Holders for the Lead Market-Maker role in the Global Trading Hours session for VIX options (including VIX weekly options). Please click the title for complete details.

Restricted Clearing Trading Permit Holder OCC Numbers 519, 540, 551, 552, and 598 on C2 Options Exchange

January 17, 2020

Pursuant to C2 Options (“C2 Options” or the “Exchange”) Rule 6.30, Clearing Trading Permit Holders (CTPHs) may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other TPHs by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for more details.

Cboe Adds Support for Solicitation Auction Mechanism (SAM) and Complex SAM (C-SAM) Auctions on EDGX Options Exchange

January 17, 2020

Effective February 3, 2020, Cboe will add support for Solicitation Auction Mechanism (SAM) and Complex SAM (C-SAM) auctions on the EDGX Options (“EDGX”) Exchange. Please click the title for complete details.

Consolidated Audit Trail (CAT) Reporting on Behalf of Trading Permit Holders (TPHs)

January 15, 2020

Cboe Options and its affiliated entities that operate PULSe and Silexx intend to make CAT-formatted files available to its TPH groups for orders processed by the TPH group via the PULSe, Silexx, PAR, Clearing Editor, and Trade Entry applications. Interested TPH groups may also choose to have a Cboe Options-affiliated entity (which Cboe Options will identify) (“Cboe CAT Reporter”) submit this data to CAT on behalf of the TPH group. Please click the title for more details.

Update - Cboe Announces New Opening Process for BZX Options Exchange

January 15, 2020

Effective January 30, 2020, Cboe will eliminate the current Midpoint Uncross Opening Process and implement a Volume Maximizing Imbalance Minimizing (VMIM) algorithm-based price forming Opening Process on the BZX Options Exchange (BZX), subject to regulatory review. Please click the title for complete details.

Restricted Clearing Member OCC Number 443 on EDGX Options Exchange

January 15, 2020

Pursuant to EDGX Options (“EDGX Options” or the “Exchange”) Rule 21.12, Clearing Members (CMs) may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other Members by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for more details.

Restricted Clearing Trading Permit Holder OCC Number 443 on C2 Options Exchange

January 15, 2020

Pursuant to C2 Options (“C2 Options” or the “Exchange”) Rule 6.30, Clearing Trading Permit Holders (CTPHs) may request the Exchange restrict their OCC clearing number(s) from being used for give-up purposes by other TPHs by “Opting In” to the list of restricted give-up firms on the Exchange. Please click the title for more details.

Quarterly Rebalance of Option Class Tiers Reminder

January 14, 2020

Pursuant to Cboe Options (“Cboe Options” or the “Exchange”) Rule 5.50(g)(1), the Exchange rebalances the option class appointment unit tiers, excluding the “AA” tier, every calendar quarter based on national average daily volume (ADV), which may result in additions or deletions to each tier’s composition. When a class changes tiers, it is assigned the appointment weight of the new tier... Therefore, Monday February 3, 2020 will be the effective date of the 4th Quarter 2020 appointment weight rebalancing. Please click the title for more details.

Cboe Options Exchange to Discontinue Report2Web

January 13, 2020

Effective April 13, 2020, Cboe Options (C1) will discontinue the Report2Web website and reports will no longer be accessible via the website. Report2Web contains legacy C1 historical billing and trade reports for trading activity to October 7, 2019. Please click the title for more details.

Clearing Member Give Up Authorization for Cboe EDGX Options Exchange

January 09, 2020

On January 2, 2020, Cboe EDGX Exchange (“Cboe EDGX” or “Exchange”) submitted a rule filing to the Securities and Exchange Commission (“SEC”) to amend its rule governing the process in which a Member “gives up” or selects the Clearing Member (“CM”) responsible for the clearance of an Exchange transaction... Effective January 13, 2020, a CM intending to restrict the give up for one or more of its clearing numbers must “Opt-In” by submitting a completed Clearing Trading Permit Holder/Member Restriction Form (“Restriction Form”)... Please click the title for more details.

Clearing Trading Permit Holder Give Up Authorization for Cboe C2 Options Exchange

January 09, 2020

On January 2, 2020, Cboe C2 Exchange (“Cboe C2” or “Exchange”) submitted a rule filing to the Securities and Exchange Commission (“SEC”) to amend its rule governing the process in which a Trading Permit Holder (“TPH”) “gives up” or selects the Clearing Trading Permit Holder (“CTPH”) responsible for the clearance of an Exchange transaction... Effective January 13, 2020, a CTPH intending to restrict the give up for one or more of its clearing numbers must “Opt-In” by submitting a completed Clearing Trading Permit Holder/Member Restriction Form (“Restriction Form”)... Please click the title for more details.

Changes to Clearing Editor, Secure Web API Functionality When Updating Capacity from Customer

January 08, 2020

Effective February 7, 2020, the Clearing Editor will require the user to select a Reason Code when changing the value of the Capacity field on either floor or electronic orders from Customer to any other Capacity. Previously, a Reason Code was not required to change the Capacity value from Customer. Please click the title for complete details.

Update - Harmonization of Cboe and OPRA Trade Condition Field Values

January 08, 2020

Effective January 13, 2020, all Cboe options exchanges will introduce new and updated values for the Trade Condition field in the Options Multicast PITCH, Complex Multicast PITCH, Multicast TOP, and Complex Multicast TOP market data feeds. These new values align with the new OPRA trade message type identification codes implemented by OPRA on November 4, 2019. Please click the title for complete details.

Reminder - Updates to Opening Process For Non-Index Multilist Options

January 08, 2020

Effective January 16, 2020 for the EDGX Options Exchange (“EDGX”) and January 17, 2020 for the Cboe Options (“C1”) and C2 Options (“C2”) Exchanges, Cboe will update the opening process for non-index multilist products, pending regulatory approval. Please click the title for complete details.

Update - Changes to Standard 3rd Friday Expiration Listings for Equity, ETP, and Index Options on Cboe Options Exchanges

January 03, 2020

Beginning Thursday, April 16, 2020, the Cboe Options Exchanges will list new replacement standard 3rd Friday monthly expirations for Equity ETP and Index options on the Thursday morning prior to the standard 3rd Friday expiration. Please click title for complete details.

Cboe Announces New Opening Process for BZX Options Exchange

January 03, 2020

Effective January 30, 2020, Cboe will eliminate the current Midpoint Uncross Opening Process and implement a Volume Maximizing Imbalance Minimizing (VMIM) algorithm-based price forming Opening Process on the BZX Options Exchange (BZX), subject to regulatory review. Please click the title for complete details.

Reminder - Support for FLEX Complex Orders Routed to PAR without Prices on Some or All Legs

January 03, 2020

Effective January 6, 2020, subject to regulatory review, Cboe Exchange, Inc. (“Cboe Options”) will no longer require prices to be included on all legs of FLEX complex orders routed to PAR. Currently, a price-per-leg (FIX Tag 566) must be included upon entry of a FLEX complex order routed to a PAR workstation. As of the effective date, the price-per-leg will be optional and no longer required on entry of a FLEX complex order routed to PAR. Please click the title for complete details.

Changes to Maximum Composite Width and Opening Collar Width Values on EDGX Options

January 02, 2020

Effective January 9, 2020, EDGX Options will change the Maximum Composite Width (“MCW”) and Opening Collar Width (“OCW”) values that are applied to all Options Class Category openings. Please click the title for complete details.

Reminder - Restriction of Special Characters for Cboe Equities and Options Exchanges

January 02, 2020

Effective January 13, 2020, orders submitted to the BZX Equities, BYX Equities, EDGX Equities, EDGA Equities, BZX Options, EDGX Options, Cboe Options, and C2 Options Exchanges will be rejected if they contain the | (pipe), @ (at symbol), and/or “ (double quotation mark) characters in the ClOrdID (FIX Tag 11), ComplianceID, (FIX Tag 376), CrossID (FIX Tag 548), and QuoteUpdateID fields. Please click the title for complete details.