Tradedesk Updates

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Letter from Ed Tilly and Chris Concannon

April 23, 2018

Letter from Ed Tilly and Chris Concannon regarding the VIX Index. Please click on the title for complete details.

Market Maker Complex Orders in VIX

April 18, 2018

Beginning May 21, 2018, pursuant to Rule 6.53C(c), Cboe Exchange, Inc. (“Cboe Options”) will allow intra-day Market-Maker complex orders to rest in the Complex Order Book (COB) in option symbol VIX in certain specific circumstances. Please click the title for complete details.

Cboe BZX and EDGX Options Exchanges to Add SWPA Routing Strategy - Update

April 17, 2018

The release of the SWPA routing strategy on the BZX Options and EDGX Options Exchanges has been updated to April 23, 2018 for EDGX Options and April 25, 2018 for BZX Options. Please click on the title for complete details.

Cboe Options Exchange PAR Enhancements – Complex Order Sweep; Trade Individual Legs of a Complex Order

April 13, 2018

Beginning April 16, 2018, a rollout of the following PAR enhancements for Cboe Options Exchange will commence:  Complex Order Sweep - will permit a PAR user to sweep orders in the single-leg (simple) and complex order books based on the price of the PAR order. Note the Sweep function is not applicable to orders that include a stock leg.  Trade Individual Legs of a complex order – will allow the PAR user to more easily trade a leg of a PAR complex order with the simple book. Please click the title for complete details.

Frequent Trader ID Field Inactivated on Cboe Trade Match (CTM) Terminal

April 12, 2018

Effective Friday, April 13, 2018, the Frequent Trade ID field enhancement which was introduced on March 19, 2018, will be inactivated. Please click the title for complete details.

Important C2 Options Exchange Integration Update and Weekend Test Reminder

April 12, 2018

Cboe C2 Options Exchange (“C2”) is pleased to announce that the integration to Bats technology remains on track for May 14, 2018, subject to regulatory review. As the new platform migration date quickly approaches, the Cboe team continues to work hard to ensure C2 customer readiness.

EDGX Options and CFE to Populate CumQty on Leg Fills Related to Complex Executions

April 10, 2018

Cboe EDGX Options Exchange and Cboe Futures Exchange (“CFE”) are pleased to announce the release of new functionality that will allow for CumQty (FIX Tag 14) to be populated on leg fills related to complex executions. Currently, the CumQty field is zero-filled for all such executions. This change will also be applied to the new C2 Options platform operating on Bats technology which is launching on May 14, 2018, subject to regulatory review. Please click the title for complete details.

SPX Conversion to Hybrid Town Hall Discussion

April 06, 2018

Market Structure and Functionality (MSF) will host a second Town Hall meeting to provide details related to the SPX conversion to Hybrid. Trading Permit Holders including Market-Makers, PAR Brokers, and Compliance Officers are strongly encouraged to attend. Please click the title for complete details.

PULSe Trader Workstation Enhancement Release 4.9.0

April 06, 2018

A Cboe Exchange Notice issued on March 2, 2018, announced updates to system functionality scheduled for activation the 2nd quarter of 2018 pending rule approval. These functional enhancements include:  Qualified Contingent Cross (QCC) orders with an equity leg  Improved pricing precision on complex orders with an equity leg A separate Cboe Exchange Notice will be issued announcing a specific effective date for these enhancements. Please click the title for complete details.

Cboe Trade Floor Power Modifications

April 06, 2018

The Cboe Facilities and Technology departments have jointly been working to modify and enhance the electrical utility sourced power to the Trading Floor. On Friday, April 20, 2018, the Facilities Department will facilitate the second phase of the Trading Floor power transition. Please click on the title for complete details.

Cancellation of Good-Till-Cancel (“GTC”) All-or-None (“AON”) Orders in Proprietary Option Classes on Cboe

April 04, 2018

In conjunction with the planned disallowance of AON orders in Cboe Options (“Cboe”) proprietary classes, announced in the Trade Desk Notice dated March 22, 2018, Cboe will initiate cancellations of resting GTC AON orders in Regular Trading Hours (RTH) beginning April 6, 2018. Rejection of incoming RTH AON orders will be implemented the day following the cancellation of GTCs. Please click on the title for complete details.

Important C2 Options Exchange Integration Update Reminder

March 29, 2018

Cboe C2 Options Exchange (“C2”) is pleased to announce integration remains on track for a May 14, 2018 migration to Bats technology, subject to regulatory review. All milestones have been achieved on target, all weekend and weekday tests have been successful, and as the new platform go-live date quickly approaches, the Cboe team continues to work hard to ensure C2 customer readiness. Please click the title for complete details.

Cboe Options Notifications

March 26, 2018

Please be advised that Cboe has recently introduced new notification categories for BZX Options, Cboe Options, C2 Options, and EDGX Options Exchange. These categories are now available for reference on http://markets.cboe.com/us/options/notices/. Additionally, customers wishing to subscribe to the related email distribution list for any of the categories may contact tradedesk@cboe.com. Please click on the title for complete details.

Cboe BZX and EDGX Options Exchanges to Add SWPA Routing Strategy - Update

March 26, 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 Exchanges April 13, 2018 for EDGX Options and April 19, 2018 for BZX Options. Please click on the title for complete details.

SPX Conversion to Hybrid Platform - Update

March 23, 2018

Effective April 30, 2018, Cboe Exchange, Inc. (“Cboe Options”) will convert 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 Options and EDGX Options to Update Unit Symbol Distribution Update - Effective April 16, 2018

March 23, 2018

The previously announced BZX Options and EDGX Options Exchanges updates to the symbol distribution for the market data feeds has been rescheduled to be effective on Monday, April 16, 2018. Please click on the title for complete details.

Cboe Options Fingerprint Processing Changes

March 22, 2018

Cboe Exchange, Inc. (“Cboe Options” or the “Exchange”) will be implementing several changes to the way fingerprints are processed and disseminated to Trading Permit Holders and their employees (collectively, “TPHs”) effective immediately. Please click the title for complete details.

Rejection of All-or-None (“AON”) Orders in Proprietary Option Classes on Cboe - Update

March 22, 2018

The functionality rollout to systematically reject AON orders in proprietary classes, announced in Cboe Exchange Inc. (“Cboe Options”) Regulatory Circular RG17-155 , has been delayed from April 2, 2018 and will commence on April 9, 2018. Please click the title for complete details.

Cboe Technology Integration Conference Call Update on April 5, 2018

March 22, 2018

Cboe will conduct its next customer technology integration call at 9:30 a.m. CT on April 5, 2018 to update customers regarding the migration of both C2 Options Exchange and Cboe Options Exchange trading platforms to Bats technology. During the call, we will provide details regarding our data center strategy, the integration timeline, and key transition dates, as well as additional information. Please click on the title for complete details.

BZX and EDGX Options Exchanges Conversion from OSI to Underlying Symbology

March 21, 2018

As part of the migration of the C2 Options Exchange (“C2”) to the Bats technology platform, BZX Options Exchange (“BZX Options”) and EDGX Options Exchange (“EDGX Options”) will convert from an OSI Root based symbology to an underlying product based symbology. Please be advised that the new C2 certification and production environments running on the Bats technology platform are currently enabled to utilize underlying product based symbology. BZX Options and EDGX Options platforms will be converted to the new symbology after the C2 migration. Please click on the title for complete details.

March 2018 Compression Forum Update

March 20, 2018

After receiving TPH feedback, Cboe Exchange, Inc. (“the Exchange”) has, pursuant to Rule 6.56, increased the frequency of compression forums. Beginning on March 23, 2018, the Exchange will hold open outcry compression forums from 10:00 am CT to 2:00 pm CT on the last business day of each week, the final three business days of each non-quarterly month (i.e., JAN, FEB, APR, MAY, JUL, AUG, OCT, and NOV), and the final five business days of each quarterly month (i.e., MAR, JUN, SEP, and DEC). Please click on the title for complete details.

EDGX Options Exchange BOE Bulk Port Restriction Postponed Until March 23, 2018

March 17, 2018

Please be advised that the EDGX Options update to begin limiting usage of BOE Bulk Order ports to Post Only orders on Monday, March 19 has been postponed until Friday, March 23, 2018. Please click on the title for complete details.

Solicitation for MSCI Lead Market-Makers (“LMM”)

March 16, 2018

Cboe Exchange, Inc. (“Cboe Options”) will be accepting applications by qualifying Trading Permit Holders for the Lead Market-Maker (“LMM”) role in the Regular Trading Hours (“RTH”) session for options on the MSCI EAFE Index (MXEA) and MSCI Emerging Markets Index (MXEF). Please click the title for complete details.

Cboe Trade Floor Power Modifications

March 15, 2018

The Cboe Facilities and Technology departments have jointly been working to modify and enhance the electrical utility sourced power to the Trade Floor. On Friday, March 30, 2018 (Good Friday), the Facilities Department will facilitate the first phase of the Trade Floor power transition. Please click the title for complete details

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

March 15, 2018

Please be advised that on Monday, March 19, 2018, EDGX Options will begin limiting usage of BOE Bulk Order ports to Post Only orders (RoutingInst = P) 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, GTD, or OPG for BOE Bulk orders as of the effective date. This change will not be applicable to BZX Options at this time. However, it will apply to the C2 Options Exchange when it migrates to Bats technology on May 14, 2018. Please click on the title for complete details.

C2 Options Exchange Weekend Test Reminder: Saturday, March 17, 2018

March 15, 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 second weekend test scheduled for Saturday, March 17, 2018. Please click on the title for complete details.

Frequent Trader ID Field Available on Cboe Trade Match (CTM) Terminal

March 15, 2018

Effective Monday, March 19, 2018, a new Frequent Trader ID (FTID) field will be available on the Cboe Options Exchange CTM terminal trade browse screen. This enhancement will allow Trading Permit Holders (TPHs) to add or modify FTID information on post-trade records for the current business day. Please click on the title for complete details.

Cboe EDGX Options to Default All Orders to Non-Attributed - Update

March 13, 2018

As previously announced the Cboe EDGX Options Exchange will be disabling attribution for all order entry ports by default. Now effective Thursday, April 5, 2018, order attribution on EDGX Options will only be available to firms that have returned the required User Agreement Addendum to Cboe Membership Services via membershipservices@cboe.com.

Reminder: Introduction of Cboe Data Product Declarations Tool Effective April 2, 2018 for Cboe Options and C2 Options

March 12, 2018

As previously announced, Cboe is pleased to introduce its Data Product Declarations Tool effective April 2, 2018 for the Cboe Options Exchange (Cboe Options) and C2 Options Exchange (C2 Options). The Data Product Declarations Tool is now used for reporting of Cboe Futures Exchange (CFE), Cboe Equities, and BZX and EDGX Options Exchange Data distribution and usage, and is being enhanced to provide Data Recipients a single tool to submit reporting across all U.S. Exchanges. Please click on the title for complete details.

Cboe BZX and EDGX Options Exchanges to Add SWPA Routing Strategy - Update

March 09, 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 Exchanges on the postponed effective dates highlighted below.

Cboe BZX Options and EDGX Options to Update Unit Symbol Distribution Effective March 26, 2018

March 08, 2018

Effective Monday, March 26, 2018, the BZX Options and EDGX Options Exchanges will update the symbol distribution for the market data feeds.

PAR Redesign (PAR 2.0) Announced

March 08, 2018

As part of its migration to Bats technology, Cboe Options is pleased to announce a redesign of its Public Automated Routing (PAR) application used by brokers on the Cboe Options trading floor to execute and manage orders. The new application will be called PAR 2.0. PAR 2.0 will introduce both a new user experience (UX) and functionality. PAR 2.0 will be launched in two phases. Please click the title for complete details.

Execution Reports on Complex Orders with Stock

March 08, 2018

Cboe Exchange, Inc. (“Cboe Options”) will be implementing changes to address two current system behaviors related to execution reports on complex orders that include a stock leg. The changes are expected to be effective the week of March 26. Please click the title for complete details.

Final Reminder: Cboe BZX and EDGX Options Exchanges to Introduce Multicast Top Feed

March 08, 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. Please click the title for complete details.

Cboe to Begin Automatic Removal of Unused Certification Logical Ports Effective March 15, 2018

March 08, 2018

Effective March 15, 2018, logical ports unused in the BZX Equities, BYX Equities, EDGX Equities, EDGA Equities, BZX Options, EDGX Options, and CFE Certification environments for the last four (4) months will be deleted. Furthermore, following the effective date the Exchanges will periodically perform a similar sweep for inactive Certification ports and remove any unused sessions automatically without notice. Cboe Options and C2 Options Certification logical ports will not be automatically deleted until those systems are fully migrated to Bats technology. Please click the title for complete details.

Cboe EDGX Options to Default All Orders to Non-Attributed Effective March 29, 2018

March 05, 2018

Effective Thursday, March 29, 2018, the Cboe EDGX Options Exchange will be disabling attribution for all order entry ports by default. On the effective date, order attribution on EDGX Options will only be available to firms that have returned the required User Agreement Addendum to Cboe Membership Services via membershipservices@cboe.com.

Cboe Options Exchange Announces Support for QCC with an Equity Leg and Improved Pricing Precision on Complex Orders with an Equity Leg

March 02, 2018

Cboe Options Exchange (“Cboe Options”) is pleased to announce it will be implementing two updates to system functionality in the 2nd quarter of 2018, pending rule approval. QCC orders will be allowed to include a stock leg; and complex orders with a stock leg will allow the stock leg to have a price with four decimal places of precision. Please click the title for complete details.

Logical Ports Tool Enhancement

March 02, 2018

Cboe is pleased to announce that effective Monday, March 5, 2018, the Logical Ports tool in the Customer Web Portal will contain four additional data points per logical port including Default Clearing MPID/EFID, Bill To (who will the port be billed to), Added (date a port was added), and Requestor (who originally requested the logical port). This information will be presented in the graphical interface of the Logical Ports tool and will also be available in CSV format by using the “Export” feature within the tool.

SPX Firm Acronym Appointment

March 01, 2018

Currently, Cboe Exchange, Inc. (“Cboe Options”) Market-Maker Trading Permit Holders (TPHs) are permitted to set up one or more SPX Universal Firm Acronyms (SPX-UFAs) to aggregate quote and order bandwidth allowances from multiple permits related to Market-Makers or quote/order bandwidth packets in SPX and/or SPXW. A SPX-UFA is used to allow a firm to conduct electronic business (i.e., auction responses, quotes and/or orders) using a constant acronym as well as to comply with SPX in-crowd obligations. The SPX-UFA is not attached to an actual trading permit and is not charged the SPX Tier Appointment fee. Please click the title for complete details.

Solicitation for SPX Lead Market-Makers (“LMMs”) During Regular Trading Hours (“RTH”)

February 27, 2018

Cboe Options Exchange (“Cboe Options”) is accepting applications from qualifying Trading Permit Holders to serve as LMMs during the RTH session for options on the S&P 500 Index that are a.m.-settled with third-Friday of the month expirations (symbol SPX). These appointments will apply upon conversion of SPX options to the Hybrid trading platform. Please click on the title for more details.

Reminder: Cboe BZX and EDGX Options Exchanges to Introduce Multicast Top Feed

February 27, 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). Please click the title for complete details.

Drill-Through Price Protection Settings Update

February 22, 2018

Cboe Options Exchange is updating the settings for the drill through price protection feature, which is designed to reduce the risk of extreme and potentially erroneous executions. The update will be installed Monday, February 26, 2018. Please click the title for complete details.

Frequent Trader ID Field Displayed on C2 Trade Match (CTM) Terminal – Update

February 22, 2018

Effective Monday, February 26, 2018, a new Frequent Trader ID field will be displayed on the C2 Options Exchange (C2) CTM terminal trade browse screen. Currently this field is for display purposes only as the Frequent Trader ID Program is not yet in effect on C2. It is being displayed on the C2 CTM terminal to ensure consistency with the look and feel of the terminal display on both C2 and Cboe Options Exchanges. The Frequent Trader ID field is scheduled to rollout to the Cboe Options Exchange CTM terminal in the first quarter of 2018. Please click the title for complete details.

PULSe Trader Workstation Enhancement Release 4.8.0

February 21, 2018

Rollout of the following PULSe enhancements will begin February 26, 2018. - PULSe connectivity to Cboe Futures Exchange, LLC (“CFE”) on Bats technology - Enhanced AIM Multi-Contra Support. Please click the title for complete details.

February 2018 Compression Forum Update

February 21, 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. Please click the title for complete details.

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

February 21, 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.

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.

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.