Tradedesk Updates

Decommission of Legacy Physical Connectivity to Cboe Options Exchange and Cboe Futures Exchange

October 18, 2019

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.

Updated VIX Index Website Materials

October 14, 2019

Upon migration to Bats technology, Cboe Exchange, Inc. (Cboe Options) amended the modified opening auction process used in connection with calculating the final settlement value of Cboe Volatility Index (VIX Index) options (listed on Cboe Options) and futures (listed on Cboe Futures Exchange, LLC (CFE)). As a result, Cboe updated the previous VIX Index FAQs and related Cboe website materials about the VIX Index, derivatives listed on the VIX Index, special opening quotation (SOQ) auction information, and additional information and resources. Please click the title for complete details.

Updates to Minimum Price Checks for Roll Spreads and for VIX, SPX, and SPXW Calendar Spreads

October 11, 2019

Effective immediately on the Cboe Options Exchange, the minimum price check for roll spread orders has been updated to -$999,999.99 for all product classes. Please click the title for complete details.

Notice Regarding Cboe Connectivity Services Agreement and Extranet Addendum

October 10, 2019

In connection with the migration of Cboe Exchange, Inc. (“Cboe Options”) to the Bats technology platform on October 7, 2019, the Connectivity Services Agreement and the Extranet Addendum to the Connectivity Services Agreement (collectively, the “Agreement”) has been (1) partially assigned to Cboe Options and (2) subsequently amended. Please click the title for complete details.

Fraudulent Website Alert

October 10, 2019

Cboe recently learned of a website – “cboetradeassets.com” – through which an entity purportedly named “Cboetradeassets Limited” is soliciting investors. Please be warned that any entity or person associated with this website are NOT connected or affiliated in any way with Cboe or any of its affiliates. Any assertion of such a connection or affiliation is false and misleading.

Transport Layer Security Minimum Version Requirement Effective December 7, 2019

October 09, 2019

Please be advised that Cboe has rescheduled the effective date in which the use of a minimum version of TLS 1.2 or higher (previously announced) will be enforced. Please click the title for complete details.

Cboe Successful C1 Migration: Thank You

October 08, 2019

We are pleased to announce the successful migration of Cboe Options Exchange (C1) to our proprietary Bats technology. The C1 migration was the final step in Cboe’s multi-exchange, multi-year technology integration, which unites our options, futures, U.S. equities and European equities markets on one state-of-the-art trading platform. Please click the title for complete details.

Cboe Options Exchange Risk Limit Settings Specific to the Volatility Opening Process

October 08, 2019

Cboe Global Markets would like to thank all Cboe Options Exchange (Cboe Options) Trading Permit Holders (TPHs) who have worked with us to prepare for our technology migration. The first volatility derivatives settlement will be on Wednesday, October 9, 2019. Please click the title for complete details.

Additional Cboe Town Hall on FLEX Trading on the New Cboe Options Exchange Platform

September 27, 2019

Cboe will host an additional video Town Hall to provide details regarding trading FLEX instruments on the new Cboe Options Exchange technology platform, scheduled for October 7, 2019, pending regulatory approval. Firms interested in trading FLEX options on the Cboe Options Exchange who were not able to join the town hall held on September 26 are strongly encouraged to attend. If not able to attend in person, participants may connect to the meeting using the information included below. Please click the title for complete details.

Harmonization of Cboe Options Obvious Error and Voluntary Request Procedures

September 27, 2019

Cboe Options Obvious Error and Voluntary Request procedures for Cboe Options (“C1”) will be harmonized with the current procedures for BZX Options (“BZX”), C2 Options (“C2”) and EDGX Options (“EDGX”) effective October 7, 2019, subject to regulatory review, upon the completed migration of C1 Options to Bats technology. Please click the title for complete details.

Reminder - Cboe Announces Harmonization of Quoting Obligations and Market Maker Registration/Class Appointments for BZX Options Exchange

September 26, 2019

Effective October 1, 2019, Cboe Global Markets will introduce harmonized Market Maker quoting obligations on the BZX Options ("BZX") Exchange. Additionally, updated registration/class appointment procedures on BZX will be implemented. These enhancements align with those made to the EDGX Options and C2 Options Exchanges in May 2019. Please click the title for complete details.

SPX and VIX Electronic Allocation Changes Upon Technology Migration

September 25, 2019

In conjunction with the Cboe Options Exchange (“C1”) technology migration, effective October 7, 2019 pending regulatory approval, certain Cboe Options product configurations are being updated. Please click the title for complete details.

Changes to Available Expirations for SPX Options

September 25, 2019

Effective September 27, 2019, Cboe Options will begin offering October 2020 and November 2020 Standard Third Friday SPX AM-settled (SPX) expirations. The aforementioned expiries were originally scheduled to be listed in April 2020 and May 2020, respectively. Please click the title for complete details.

Cboe Town Hall on FLEX Trading on the New Cboe Options Exchange Platform

September 25, 2019

Cboe will host a video Town Hall to provide details regarding trading FLEX instruments on the new Cboe Options technology platform, which is scheduled for October 7, 2019, pending regulatory approval. All firms interested in trading FLEX options on Cboe are strongly encouraged to attend. If not able to attend in person, participants may connect to the meeting using the information included below. Please click the title for complete details.

Trading of FLEX Options on Cboe Options Exchange

September 25, 2019

Upon migration to the Bats technology platform on October 7, 2019, pending regulatory approval, Cboe Options Exchange (Cboe Options) will introduce new functionality and procedures for electronic and open outcry processing of FLEX option orders via AIM, SAM, single-sided electronic auctions, and PAR (for open outcry handling). These features will better align functionality and procedures for FLEX options with those for non-FLEX options. Please click the title for complete details.

Cboe Options Exchange Announces Trade Detail, Trade Data, and FIX DROP Tag Update

September 23, 2019

Effective October 1, 2019, an additional field, Initial Client Order ID, will be available in Trade Detail and Trade Data Reports downloaded from the Cboe Customer Web Portal and issued monthly. Please click the title for complete details.

Important Cboe Options Exchange Migration Update

September 23, 2019

Cboe Options Exchange (“C1”) is pleased to announce the migration to Bats technology remains on track for October 7, 2019, subject to regulatory review and approval. This notice highlights important updates. Please click the title for complete details.

PULSe Trader Workstation Enhancement Release 5.5.0

September 18, 2019

Beginning the week of September 23, 2019, Cboe Options Exchange (“Cboe Options”) will rollout 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.

Reminder - Cboe Town Hall on Trading Floor Move

September 18, 2019

Cboe will host a customer Town Hall meeting this afternoon to share more information and provide an opportunity to ask questions regarding Cboe’s build-out of a new trading floor space on floors 7 and 8 of the CBOT building. Please click the title for complete details.

New Cboe Trading Floor and Headquarters Locations

September 17, 2019

Cboe is pleased to announce plans to build-out a new Cboe trading floor in the Chicago Board of Trade (CBOT) building at 141 W. Jackson Boulevard as part of our headquarters relocation to the Old Post Office building at 433 W. Van Buren Street. Cboe’s new trading floor will occupy approximately 40,000 square feet on floors 7 and 8 of the CBOT building with plans to move the floor in 2021. Please click the title for complete details.

Fraudulent Web Site Alert

September 16, 2019

Cboe recently learned of a website – “cboe-trading.com” – through which an entity purportedly named “Cboe-Trading” was soliciting investors. The website has been disabled. Prior to the website being disabled, the entity falsely claimed to be an affiliate of Cboe and suggested that it was the same as Cboe’s affiliate, Cboe Trading, Inc. (Cboe Trading, Inc. is a routing broker-dealer registered with the SEC and used by our U.S. equity and options exchanges for linkage to other market centers). Please be warned that any entity or person associated with the disabled cboe-trading.com website were NOT connected or affiliated in any way with Cboe or any of its affiliates, including Cboe Trading, Inc. Any assertion of such a connection or affiliation was and is false and misleading.

Penny Pilot Program – Replacement Classes to Be Added on October 2, 2019

September 13, 2019

Effective Wednesday, October 2, 2019, the Cboe Options Exchanges (BZX Options, Cboe Options, C2 Options, and EDGX Options) will replace delisted issues in the Penny Pilot with the next most active, multiply-listed issues not yet in the Penny Pilot Program. Please click the title for more details.

Additional Town Halls on New Cboe Trading Platform Topics

September 13, 2019

Cboe will host two additional Town Hall meetings to provide details regarding topics related to the Cboe technology platform change scheduled for October 7, 2019, pending regulatory approval. Cboe Floor Broker groups and Market-Maker firms and their compliance officers are strongly encouraged to attend. If not able to attend in person, participants may connect to the meeting using the information included below. Please click the title for complete details.

Market Data Peak Statistics Now Available on Cboe Customer Web Portal for Cboe Global Markets Equities, Futures, and Options Exchanges

September 10, 2019

Cboe Global Markets is pleased to announce that, effective immediately, Members will be able to download files that capture market data peak statistics. Files are available via the Cboe Customer Web Portal for the Cboe Equities One Feed, Cboe BYX Equities, BZX Equities, EDGA Equities, EDGX Equities, BZX Options, C2 Options, and EDGX Options Exchanges, as well as the Cboe Futures Exchange, LLC (CFE). Files will also be made available for the new Cboe Options Exchange platform soon after the October 7, 2019 migration, pending regulatory approval. Please click the title for complete details.

Cboe Announces Harmonization of Quoting Obligations and Market Maker Registration/Class Appointments for BZX Options Exchange

September 06, 2019

Effective October 1, 2019, Cboe Global Markets will introduce harmonized Market Maker quoting obligations on the BZX Options ("BZX") Exchange. Additionally, updated registration/class appointment procedures on BZX will be implemented. These enhancements align with those made to the EDGX Options and C2 Options Exchanges in May 2019. Please click the title for complete details.

Cboe Options Addition of Clearing Optional Data Column to Trade Detail File and Trade Data Report

September 06, 2019

Effective October 1, 2019, all Trade Detail files downloaded from the Cboe Customer Web Portal and issued monthly will contain a new field. This change aligns with an identical field addition that will be made to the daily Trade Data Report. This new field is Clearing Optional Data. On the effective date, this column header will be visible in BZX Options (“BZX”), C2 Options (“C2”), and EDGX Options (“EDGX”) files, and could be populated with values depending on what is sent on each order in this field. Please click the title for complete details.

Cboe Town Halls on New Cboe Trading Platform Topics

September 03, 2019

Cboe will host two Town Hall meetings to provide details regarding topics related to the Cboe technology platform change scheduled for October 7, 2019 (pending regulatory approval). Cboe Floor Broker groups and Market-Maker firms and their compliance officers are strongly encouraged to attend. If not able to attend in person, participants may connect to the meeting using the information included below. Please click the title for complete details.

Update - Cboe Town Hall on New Cboe Trading Platform Topics

August 27, 2019

The following is an update to the Trade Desk Notice distributed on 8/26/19. Cboe will host a Town Hall meeting to provide details regarding topics related to the Cboe technology platform change scheduled for October 7, 2019 (pending regulatory approval). Cboe Floor Broker groups and Market-Maker firms with a floor presence and their compliance officers are strongly encouraged to attend. Please click the title for complete details.

Retirement of SPX/SPXW End-Of-Month Closing Rotation and Introduction of End-Of-Day Final Indicative Price Files

August 27, 2019

In conjunction with migration to the Bats technology platform which will take place on October 7, 2019 pending regulatory approval, the Cboe Options Exchange (“Cboe” or “the Exchange”) will cease end-of-month closing rotations for SPX/SPXW options. Additionally, the Exchange will introduce final indicative price files for each trading day, including the last trading day of the month. These files will be made available to all participants at no charge via the Cboe website and will generally be available by 3:30 p.m. CT each trading day. Please click the link for complete details.

Cboe Town Halls on New Cboe Trading Platform Topics

August 26, 2019

Cboe will host three Town Hall meetings to provide details regarding topics related to the Cboe technology platform change scheduled for October 7, 2019 (pending regulatory approval). Cboe Floor Broker groups and Market-Maker firms with a floor presence and their compliance officers are strongly encouraged to attend. Please click the title for complete details.

Important Cboe Options Exchange Migration Update

August 26, 2019

Cboe Options Exchange (“C1”) is pleased to announce the migration to Bats technology remains on track for October 7, 2019, subject to regulatory review and approval. In the following sections, important updates are highlighted. Please click the title for complete details.

Transport Layer Security Minimum Version Requirement - Postponed

August 25, 2019

Please be advised that Cboe has postponed the enforcement of a minimum version of TLS 1.2 or higher until further notice. Cboe will send an updated announcement once a new production date has been determined for this change.

Cboe Options Exchange Trade Detail File and Trade Data Report Update

August 20, 2019

Effective September 1, 2019, all Trade Detail files downloaded from the Cboe Customer Web Portal and issued monthly will contain four additional fields. This change aligns with identical field additions that will be made to the daily Trade Data Report. These new fields are Frequent Trader ID, Strategy ID, Compression Trade, and Names Later ID. On the effective date, these column headers will be visible in BZX Options (“BZX”), C2 Options (“C2”), and EDGX Options (“EDGX”) files, but will not be populated with values. Please click the title for complete details.

PULSe Trader Workstation Enhancement Release 5.4.0

August 16, 2019

Beginning the week of August 19, 2019, Cboe Options Exchange (“Cboe Options”) will roll out 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 more details.

Updates to Multicast Rendezvous Points for Cboe Options 5G-Shaped Multicast PITCH Data Feed

August 16, 2019

Effective August 23, 2019, for the Cboe Options Exchange (“C1”) operating in pre-production on Bats technology, the Primary Data Center A and B feed rendezvous points will be updated for the Options 5G-Shaped Multicast PITCH feed. No changes are being made to existing production C1 multicast parameters. Please click the title for complete details.

Enhancements to Priority Fill Order for Complex Orders on EDGX Options Exchange

August 14, 2019

Effective Thursday August 22, 2019 Cboe Global Markets will implement changes to the priority applied to filling complex orders on EDGX Options Exchange (“EDGX Options”). Please click the title for complete details.

Corrected Closing Settlement Values for certain S&P Indices - Update

August 13, 2019

As announced previously, S&P DJI informed Cboe that August 12, 2019 closing values for certain Indices were being recalculated. Below are the corrected August 12, 2019 closing settlement values for the S&P 500 (option symbol: SPX) and mini-SPX (option symbol: XSP) options resulting from this recalculation. Please click the title for more details.

Final Reminder - Cboe Options Technology Integration Feature Pack 9 – Support for Complex Instruments with Underlying Stock Legs

August 13, 2019

Effective Friday, August 16, 2019, Cboe will introduce support for complex instruments with stock legs on EDGX Options Exchange (“EDGX Options”). Please click the title for complete details.

Corrected Closing Settlement Values for Certain S&P Indices

August 13, 2019

S&P Dow Jones Indices ("S&P DJI") has informed Cboe that, due to an issue with index component closing price information received from U.S. Stock Exchanges, the closing values for certain indices on August 12, 2019 will be recalculated. Please click the title for more details.

Cboe Options Enhancements to Market Maker Trade Notification Messages

August 09, 2019

In addition to providing Floor Trade Notifications (MMTNs) to Market Makers over designated FIX and FIX Drop ports, Cboe Options Exchange (“C1”) will provide MMTNs over designated BOE order entry and BOE Bulk Quoting ports. Please click the title for complete details.

Cboe Announces Support for Complex Automated Improvement Mechanism on EDGX Options

August 09, 2019

Effective Thursday August 22, 2019, Cboe will introduce support for Complex Automated Improvement Mechanism (C-AIM) on EDGX Options Exchange (“EDGX Options”). Please click the title for complete details.

Clock Sync Logs for PAR and PULSe

August 07, 2019

Cboe Options and C2 Options are issuing this notice to inform Trading TPHs they may request their respective clock synchronization data reports or logs (“clock sync logs”) for the PAR and PULSe workstations by contacting the Cboe Operations Support Center. Please click the title for complete details.

Cboe C2 and EDGX Options Update to FIX SecurityType field for Complex Executions Effective August 16, 2019

August 07, 2019

In order to allow customers to better distinguish leg executions from complex package fills, in conjunction with the release of Feature Pack 9 scheduled for Friday, August 16, 2019 Cboe EDGX Options Exchange will introduce a change to the values sent in the US Options FIX SecurityType field (FIX Tag 167). In the interest of maintaining consistency across the Cboe Options Exchanges, this same change will be released to the C2 Options Exchange on Friday, September 6, 2019. Please click the title for complete details.

Cboe Town Hall on CAT Reporting Requirements for PAR Brokers

August 02, 2019

The Cboe Trading Floor Operations group and the Cboe Regulatory Interpretations team will together host a Town Hall meeting to provide details regarding consolidated audit trail (CAT) reporting requirements for PAR brokers. TPH PAR brokers and their compliance officers are strongly encouraged to attend. Please click the title for complete details.

Update - Postponement - Cboe Options Technology Integration Feature Pack 9 – Support for Complex Instruments with Underlying Stock Legs

August 02, 2019

Effective Friday, August 16, 2019, Cboe will introduce support for complex instruments with stock legs on EDGX Options (“EDGX”) Exchange. The addition of Complex Automated Improvement Mechanism (C-AIM) with support for underlying stock legs will be postponed to a date yet to be determined. The new effective date for C-AIM will be communicated in a future notice. Please click the title for complete details.

Market Maker Complex Orders in VIX

August 02, 2019

Clarification on resting of M and N complex orders in COB in VIX/VIXW. Please click the title for details.

Update - Cboe Options Technology Integration Feature Pack 9 – Support for Complex Instruments with Underlying Stock Legs

July 25, 2019

The introduction of complex instruments with underlying stock legs has been postponed for one week and will be made available on EDGX Options (“EDGX”) Exchange effective August 5, 2019, subject to regulatory review. Please click the title for complete details.

January 2022 LEAP Series on Cboe Options Exchanges

July 23, 2019

In accordance with the Options Listing Procedures Plan , January 2022 LEAP series for all eligible equity, ETF and TIR options will begin trading on Cboe Options Exchanges (BZX, Cboe, C2 and EDGX) on September 16, 2019, irrespective of cycle. Please click the title for more details.

Quarterly Rebalance of Option Class Tiers and Online Appointment System Reminder

July 16, 2019

Pursuant to Cboe Options (“Cboe Options” or the “Exchange”) Rule 8.3(c)(iv), the Exchange rebalances the option class appointment cost tiers every calendar quarter based on national average daily volume (ADV), excluding the “AA” tier, which may result in additions or deletions to each tier’s composition. When a class changes tiers, it is assigned the appointment cost of the new tier... Each tier rebalancing takes effect on the first business day of the second calendar month following the end of the calendar quarter (i.e. the rebalancing using 2nd quarter 2019 data takes effect the first business day of August 2019). Please click the title for more details.

Testing of Cboe Volatility Settlement Opening Process

July 15, 2019

On October 7, 2019, pending regulatory approval, Cboe Options Exchange (“Cboe Options”) will complete a technology migration onto the Bats technology trading platform. In preparation, Cboe has scheduled certain Saturdays on which Trading Permit Holders may participate in testing. Please click the title for complete details.

Important Cboe Options Exchange Migration Update

July 12, 2019

Cboe Options Exchange (“C1”) is pleased to announce the migration to Bats technology remains on track for October 7, 2019, subject to regulatory review and approval. In the following sections, important updates are provided. Please click the title for complete details.

Cboe Announces Addition of DeliverToCompId (FIX Tag 128) on FIX Trade Cancel/Correct Messages

July 12, 2019

Effective Wednesday, August 21, 2019, Cboe Global Markets will include DeliverToCompId (FIX tag 128) on Trade Cancel/Correct messages (UCC) on the BZX Options, C2 Options and EDGX Options Exchanges. Please click the title for complete details.

Update - Cboe Options Technology Integration Feature Pack 8 - Support for Complex QCC, MOC, and LOC

July 10, 2019

Effective July 12, 2019, Cboe will introduce enhancements to complex order auction functionality for the EDGX Options (“EDGX”) Exchange. Additionally, BZX Options (“BZX”), C2 Options (“C2”), and EDGX Options (“EDGX”) will add support for Market on Close (MOC) and Limit on Close Orders (LOC). The addition of support for Complex AIM auctions on EDGX has been postponed until a future date, pending regulatory approval. Please click the title for complete details.

Policy Regarding Clearing Trading Permit Holder (TPH) Give Ups

July 05, 2019

Pursuant to Cboe Options Exchange (“Cboe Options” or “Exchange”) Rule 6.21, and pending regulatory approval, a new procedure will be in place when a Clearing TPH intends to restrict usage of its clearing number on trades executed by another TPH (“give up”). Please click the title for complete details.

Reminder - Cboe Announces Options Quoting Interface Enhancements

July 02, 2019

Effective July 8, 2019, pending regulatory review, Cboe Global Markets will introduce several enhancements to the Binary Order Entry (“BOE”) Options Quoting Interface on the BZX Options ("BZX"), C2 Options ("C2"), and EDGX Options ("EDGX") Exchanges as a result of customer feedback. Please click the title for complete details.

Cboe Options Technology Integration Feature Pack 9 – Support for Complex Instruments with Underlying Stock Legs

July 01, 2019

Effective July 29, 2019, Cboe will introduce support for complex instruments with stock legs on the EDGX Options (“EDGX”) Exchange, subject to regulatory review. Please click the title for complete details.

Update - Cboe Options Regulatory Report Cards Available on Cboe Customer Web Portal

June 28, 2019

Cboe Global Markets is pleased to announce that effective July 1, 2019, Members will be able to download regulatory report cards for the Cboe BZX, C2, and EDGX Options Exchanges (“the Exchanges”) via the Cboe Customer Web Portal. Please click the title for complete details.

PULSe Trader Workstation Enhancement Release 5.3.0

June 27, 2019

Beginning the week of July 1, 2019, Cboe Options Exchange (“Cboe Options”) will begin rollout of the PULSe Trader Workstation enhancements described below. PULSe users will be notified in advance of the rollout to their specific terminals. Please click the title for more details.

Procedure for Submission of Changes to Bandwidth, Quote Risk Monitor, and Risk Controls for Cboe Options Exchange

June 25, 2019

For Cboe Options Exchange, the Operations Support Center (OSC) performs changes to Bandwidth, Quote Risk Monitor (QRM), and Risk Controls when requested by an authorized Trading Permit Holder. This notice is being issued to prescribe the format in which these requests should be submitted to the OSC. Please click the title for full details.

Update - Cboe Options Technology Integration Feature Pack 7 – Global Trading Hours ("GTH"), Opening Process, and Reserve Order Restrictions

June 21, 2019

Cboe Global Markets has introduced new Global Trading Hours (GTH) sessions for Dow Jones Industrial Average Index (“DJX”) options on the C2 Options (“C2”) Exchange effective June 17, 2019. Introduction of GTH sessions for Mini-SPX Index (“XSP”) options on the EDGX Options ("EDGX") Exchange has been postponed to June 27, 2019, pending regulatory review. Please click the title for complete details.

Cboe Options Regulatory Report Cards Available on Cboe Customer Web Portal

June 21, 2019

Cboe Global Markets is pleased to announce that effective July 1, 2019, Members will be able to download regulatory report cards for the Cboe BZX, C2, and EDGX Options Exchanges (“the Exchanges”) via the Cboe Customer Web Portal. Please click the title for complete details.

Transport Layer Security Minimum Version Requirement

June 20, 2019

Please be advised that effective Friday, August 23, 2019 after the regular market close, Cboe will begin enforcing a new requirement for U.S. equities, options and futures customers that utilize Cboe’s Customer Web Portal including the associated Secure Web API. As of the effective date, the minimum version of the Transport Layer Security (“TLS”) protocol which will be supported will be version 1.2. Please click the title for complete details.

Cboe Options Technology Integration Feature Pack 8 Support for Complex AIM, Complex QCC, and Market and Limit on Close

June 14, 2019

Effective July 12, 2019, Cboe will introduce multiple enhancements to complex order auction functionality for the EDGX Options (“EDGX”) Exchange, subject to regulatory review. Additionally, BZX Options (“BZX”), C2 Options (“C2”), and EDGX Options (“EDGX”) will add support for Market on Close (MOC) and Limit on Close Orders (LOC), subject to regulatory review. These enhancements are in preparation for the migration of Cboe Options Exchange ("C1") to Bats technology.

Final Reminder: Cboe Options Technology Integration Feature Pack 7 – Global Trading Hours ("GTH"), Opening Process, and Reserve Order Restrictions

June 12, 2019

Cboe Global Markets will introduce new Global Trading Hours (GTH) sessions for Dow Jones Industrial Average Index (“DJX”) options on the C2 Options (“C2”) Exchange effective June 17, 2019 and for Mini-SPX Index (“XSP”) options on the EDGX Options ("EDGX") Exchange effective June 24, 2019, both dates subject to regulatory review. Additionally, a new opening process, along with supporting order entry and market data changes, will be introduced for all products on C2 and EDGX. Finally, a restriction on Reserve Orders for Cboe proprietary classes will be implemented. Please click the title for complete details.

Frequent Trader ID Additions and Corrections – Change in Procedures

June 07, 2019

Beginning August 1, 2019, in preparation for Cboe Options migration to Bats Technology, the procedures for submitting Frequent Trader ID Updates and Corrections are being modified, pending regulatory review. Please click the title for complete details.

Important Cboe Options Exchange Migration Update

June 05, 2019

Cboe Options Exchange (“C1”) is pleased to announce the migration to Bats technology remains on track for October 7, 2019, subject to regulatory review. Please click the title for complete details.

Changes to Available Expirations for SPX PM-Settled Options

May 22, 2019

Commencing May 28, 2019, Cboe Options will begin offering five Monday and five Wednesday Weekly expirations for SPX PM-settled (option symbol: SPXW) options... Additionally, consecutive standard 3rd Friday SPXW option expirations will be reduced from six to five. Please click the title for complete details.

Addition of New Equities and Options Port Controls on Cboe Customer Web Portal

May 17, 2019

Cboe Global Markets is pleased to announce that effective immediately, Cboe Equities and Options Exchange Members will have the ability to configure three new port controls using the Port Controls tool via the Cboe Customer Web Portal. Members will be able configure a Directed ISO restriction, Port Message Rate Threshold, and Symbol Message Rate Threshold. Please click the title for complete details.

Cboe Announces Options Quoting Interface Enhancements

May 15, 2019

Effective July 8, 2019, pending regulatory review, Cboe Global Markets will introduce several enhancements to the Binary Order Entry (“BOE”) Options Quoting Interface on the BZX Options ("BZX"), C2 Options ("C2"), and EDGX Options ("EDGX") Exchanges as a result of customer feedback. Please click the title for complete details.

Update- Cboe Options Technology Integration Feature Pack 7 – Global Trading Hours ("GTH"), Opening Process, and Reserve Order Restrictions

May 14, 2019

Cboe Global Markets will introduce new Global Trading Hours (GTH) sessions for Dow Jones Industrial Average Index (“DJX”) options on the C2 Options (“C2”) Exchange effective June 17, 2019 and for Mini-SPX Index (“XSP”) options on the EDGX Options ("EDGX") Exchange effective June 24, 2019, both dates subject to regulatory review. Additionally, a new opening process, along with supporting order entry and market data changes, will be introduced for all products on C2 and EDGX. Finally, a restriction on Reserve Orders for Cboe proprietary classes will be implemented. These new features and enhancements are in preparation for migration of Cboe Options Exchange ("C1") to Bats technology. Please click the title for complete details.

Cboe Announces Test Symbol Rate Limit

May 10, 2019

Effective May 31, 2019, the Cboe BZX Options, C2 Options, EDGX Options, BZX Equities, BYX Equities, EDGA Equities, EDGX Equities and Cboe Futures Exchanges will limit the number of test symbol orders that Members and Trading Privilege Holders (TPHs) can submit. Please click the title for complete details.

Important Cboe Options Exchange Migration Update

May 08, 2019

Cboe Options Exchange (“C1”) is pleased to announce the migration to Bats technology remains on track for October 7, 2019, subject to regulatory review. Please click the title for complete details.

Updates to Source Network IP Addresses in Options Market Data Feed Specifications

May 08, 2019

Please be advised that certain C1 Production source network IP addresses have been updated in multiple Market Data Feed Specifications. Please click the title for complete details.

Update - Cboe Announces Harmonization of Quoting Obligations and Market Maker Registration/Class Appointments for Select Options Exchanges

May 02, 2019

Effective May 10, 2019, Cboe Global Markets will introduce harmonized Market Maker quoting obligations on the C2 Options ("C2") and EDGX Options ("EDGX") Exchanges, subject to regulatory review. Additionally, updated registration/class appointment procedures on EDGX will be implemented. BZX Options Market Maker quoting obligations and registration process will remain unchanged. Please click the title for complete details.

Cboe Options Technology Integration Feature Pack 7 – Global Trading Hours ("GTH") and Opening Process

May 02, 2019

Cboe Global Markets will introduce new Global Trading Hours (GTH) sessions for Dow Jones Industrial Average Index (DJX) options on the C2 Options (C2) Exchange effective June 17, 2019 and for Mini-SPX Index (XSP) options on the EDGX Options (EDGX) Exchange effective June 24, 2019, both dates subject to regulatory review. Additionally, a new opening process, along with supporting order entry and market data changes, will be introduced for all products on C2 and EDGX. Finally, a restriction on Reserve Orders for Cboe proprietary classes will be implemented. These new features and enhancements are in preparation for migration of Cboe Options Exchange (C1) to Bats technology and are subject to regulatory review. Please click the title for complete details.

Cboe Announces Addition of Side (FIX Tag 54) to Complex Order Execution Reports

May 02, 2019

Effective June 5, 2019, Cboe Global Markets will add Side (FIX Tag 54) to FIX Execution Reports for complex orders sent using the Long Form request on the C2 Options ("C2") and EDGX Options ("EDGX") Exchanges. Please click the title for complete details.

New Cboe Options Exchange Production Platform Available for Test Symbol Trading Effective May 6, 2019

May 01, 2019

Cboe Options Exchange (“C1”) is pleased to announce that the new production C1 trading platform, targeted to go live on October 7, 2019 pending regulatory review, is on schedule to allow trading of test symbols starting Monday, May 6, 2019. Please click on the title for complete details.

Cboe Options Support for Solicitation Auction Mechanism (SAM) Auctions Postponed

April 26, 2019

Cboe Options support for SAM Auctions on the EDGX Options ("EDGX") Exchange has been postponed until a future date, pending regulatory approval. The new effective date will be communicated in a future notice. Please click the title for complete details.

Cboe Options Exchange to Introduce Systematic Rejection of N Capacity on SAM Responses

April 26, 2019

As previously announced in Cboe Options Exchange (“Cboe Options”) notice C2019022700, Cboe Options is beginning to implement systemic rejection of SAM auction responses with a capacity/origin of N (Non-Cboe Market-Maker). Rollout is targeted to complete by April 29, 2019. Please click the title for complete details.

PULSe Trader Workstation Enhancement Release 5.2.0

April 25, 2019

Beginning the week of April 29, 2019, Cboe Options Exchange (“Cboe Options”) will begin rollout of the PULSe Trader Workstation enhancements described below. PULSe users will be notified in advance of the rollout to their specific terminals. Please click the title for complete details.

Cboe Options Exchange Integration Update: Mandatory Training and Certification for Cboe On-Floor Trading Permit Holders and Staff

April 24, 2019

On October 7, 2019, pending regulatory approval, Cboe Options Exchange (“Cboe Options”) will complete a technology migration which will introduce significant changes to Cboe trading floor system applications, including PULSe and PAR 3.0. In addition, OMT functionality, order look-up, and management of clearing records will utilize new firm and trader identifiers as well as updated tools and methods, all of which will require training. Please click to title for complete details.

Cboe Options Add Support for Solicitation Auction Mechanism (SAM)

April 18, 2019

Effective April 29, 2019, Cboe Options will add support for SAM Auctions on the EDGX Options ("EDGX") Exchange, subject to regulatory review. This enhancement is in preparation for the migration of Cboe Options Exchange ("C1") to Bats technology. Please click the title for complete details.

Cboe BZX Exchange Ticker Changes for VXXB and VXZB

April 18, 2019

Effective May 2, 2019, the ticker symbols for two Cboe BZX listed Barclays iPath ETNs (VXXB and VXZB) will change as detailed below. On the same date the OSI Root for exchange traded options will change. Click the title for more details.

Cboe Announces Harmonization of Quoting Obligations and Market Maker Registration/Class Appointments for select Options Exchanges

April 17, 2019

Effective May 10, 2019, Cboe Global Markets will introduce harmonized Market Maker quoting obligations on the BZX Options ("BZX"), C2 Options ("C2"), and EDGX Options ("EDGX") Exchanges, subject to regulatory review. Additionally, updated registration/class appointment procedures on BZX and EDGX will be implemented. Please click the title for complete details.

Reminder - Cboe Power Shutdown 400 S LaSalle Building

April 17, 2019

On Friday, April 19, 2019, the Facilities Department will be conducting maintenance on the electrical infrastructure network within the building. In order to complete this work, a shutdown of power is required for the entire building, including the Data Centers and Trading Floor. Please click the title for complete details.

Cboe Options Exchange Trade Detail File and Trade Data Report Update

April 15, 2019

Effective May 1, 2019, all Trade Detail files downloaded from the Customer Web Portal and issued monthly will contain two additional fields. This change aligns with identical field additions made to the daily Trade Data Report. These two new fields are Floor Trader and Contra Floor Trader. Please click the title for complete details.

Cboe C2 Options Exchange Plans to List Options on the Dow Jones Industrial Average Index

April 15, 2019

Effective May 8, 2019, C2 Options Exchange ("C2 Options") will begin trading options on the Dow Jones Industrial Average Index, symbol DJX. DJX options are currently traded on the Cboe Options Exchange. Please click the title for complete details.

Quarterly Rebalance of Option Class Tiers and Online Appointment System Reminder

April 12, 2019

Pursuant to Cboe Options (“Cboe Options” or the “Exchange”) Rule 8.3(c)(iv), the Exchange rebalances the option class appointment cost tiers every calendar quarter based on national average daily volume (ADV), excluding the “AA” tier, which may result in additions or deletions to each tier’s composition...Each tier rebalancing takes effect on the first business day of the second calendar month following the end of the calendar quarter (i.e. the rebalancing using 1st quarter 2019 data takes effect the first business day of May 2019). Please click on the title for complete details.

Cboe Options Exchange PAR Names Later Feature Release

April 10, 2019

On April 15, 2019, the Cboe Options Exchange (“Cboe Options”) will introduce Names Later, a new PAR feature. A description of functionality and instructions are provided below. Note that existing reporting requirements will not change with this feature. The reporting requirements will be detailed in an upcoming regulatory circular.

Cboe Options Exchanges to Cease Dissemination of Non-Firm Quotes to OPRA in the Pre-market

April 10, 2019

Effective April 25, 2019, Cboe Global Markets will disable dissemination of pre-open “non-firm” quotes to OPRA during the pre-open queuing period on BZX Options ("BZX"), C2 Options ("C2"), and EDGX Options ("EDGX") Exchanges. Please click the title for complete details.

Cboe Town Hall on PAR 2.0 Names Later Feature

April 02, 2019

The Cboe Market Structure and Functionality (MSF) group and the Cboe Trading Floor Operations group will together host a Town Hall meeting to provide details regarding Names Later, a new PAR feature. TPH PAR brokers and Compliance Officers are strongly encouraged to attend.

Reminder - Cboe EDGX Options Plans to List Options on the Mini-SPX Index and the Addition of Matching Unit 33

April 01, 2019

Effective April 8, 2019, EDGX Options Exchange will begin trading options on the Mini-SPX Index, symbol XSP. This Listed Index Option will reside exclusively on Matching Unit 33. Please click the title for complete details.

Important Cboe Options Exchange Migration Update

March 27, 2019

Cboe Options Exchange (“C1”) is pleased to announce the migration to Bats technology remains on track for October 7, 2019, subject to regulatory review. Please click the title for complete details.

Cboe Power Shutdown 400 S LaSalle Building

March 26, 2019

On Friday, April 19, 2019, the Facilities Department will be conducting maintenance on the electrical infrastructure network within the building. In order to complete this work, a shutdown of power is required for the entire building, including the Data Centers and Trading Floor. Please click the title for complete details.

Final Reminder: Cboe Announces Sunset of BOE Bulk Order Message Types

March 25, 2019

Effective Friday, March 29, 2019, Cboe Global Markets will sunset the Bulk Order message type as implemented in the US Options BOE protocol. Please click the title for complete details.

Cboe Options Technology Integration Feature Pack 6 – All or None (AON) Orders

March 18, 2019

Effective May 2, 2019, Cboe Global Markets will introduce new functionality to the EDGX Options Exchange (EDGX) to support AON orders as well as updates to Step-Up-Mechanism (SUM) orders, subject to regulatory review. New features and enhancements are in preparation for migration of Cboe Options Exchange ("C1") to Bats technology.

Cboe Options Announces Quoting Interface Update

March 15, 2019

Effective March 26, 2019, Cboe Global Markets will be removing Quote Restated messages with RestatementReason = ‘Q’ for the Cboe Options Binary Order Entry (BOE) protocol. Please click the title for complete details.

Update: Cboe Options Technology Integration Feature Pack 5 – Simple Order Auctions

March 13, 2019

Effective March 21, 2019, Cboe will introduce multiple enhancements to simple order auction functionality for the EDGX Options (“EDGX”) Exchange, subject to regulatory review. The addition of support for SAM Auctions on EDGX will be postponed to April 29, 2019. Please click the title for complete details.

Reminder: Cboe Announces Sunset of BOE Bulk Order Message Types

March 07, 2019

Effective Friday, March 29, 2019, Cboe Global Markets will sunset the Bulk Order message type as implemented in the US Options BOE protocol. Please click the title for complete details.

Cboe EDGX Options Plans to List Options on the Mini-SPX Index and the Addition of Matching Unit 33

March 05, 2019

Effective April 8, 2019, EDGX Options Exchange will begin trading options on the Mini-SPX Index, symbol XSP. Please click the title for complete details.

Cboe Announces Complex Reserve Orders on C2 Options Exchange

March 01, 2019

Effective March 15, 2019, Cboe Global Markets will introduce Complex Reserve orders on the C2 Options (“C2”) Exchange. This new feature is being released in preparation for migration of Cboe Options Exchange (“C1”) to Bats technology. Please click the title for complete details.

Dissemination of Non-firm Quotes to OPRA in the Pre-market

February 28, 2019

As part of Cboe Options Technology Integration Feature Pack 4 (Market Data Enhancements), effective today Cboe ceased to disseminate pre-open “non-firm” quotes to OPRA during the pre-open queuing period on BZX, C2, and EDGX Options Exchange. Effective tomorrow, March 1, 2019, Cboe will be reverting this particular change until further notice and will resume dissemination of “non-firm” quotes to OPRA in the pre-open queueing sessions. Please click the title for complete details.

Correction to Cboe Options Regulatory Circular RG17-183

February 27, 2019

Cboe Options Regulatory Circular RG17-183 stated that a systematic rejection of auction responses from Cboe Options Market-Makers (order origin code M) not appointed in a given class would apply to both AIM (Cboe Options Rule 6.74A) and SAM (Cboe Options Rule 6.74B). In fact, consistent with Cboe Rule 6.74B(b)(1)(C), SAM auction responses may be submitted by Trading Permit Holders (TPHs) for any account, except for the account of an options Market-Maker from another options exchange (order origin code N).

Cboe Options Exchange New Trading Floor Coat Rack and Storage Area

February 22, 2019

Cboe Options Exchange (“Cboe”) has installed a coat rack and adjacent storage cubbies outside the back of the VIX® index trading pit for use by all trading floor personnel. Please click on the title for complete details.

Reminder: Cboe Options Technology Integration Feature Pack 4 – Market Data Enhancements

February 21, 2019

Effective February 28, 2019, Cboe will introduce multiple enhancements to market data dissemination functionality for BZX Options (“BZX”), C2 Options (“C2”), and EDGX Options (“EDGX”) Exchanges. Please click the title for complete details.

Important Cboe Options Exchange Migration Update

February 14, 2019

Cboe Options Exchange (“C1”) is pleased to announce the migration to Bats technology remains on track for October 7, 2019, subject to regulatory review. Please click the title for complete details.

Cboe Announces Liquidity Provider Scorecards for BZX and EDGX Options

February 14, 2019

Cboe Global Markets is pleased to announce that liquidity providers may view information regarding their activity on the BZX and EDGX Options Exchanges when subscribed to the Liquidity Provider Scorecard Report. Please click the title for complete details.

Changes to Available Expirations for SPX Options

February 13, 2019

Commencing February 19, 2019, in addition to other changes, Cboe Options will begin maintaining six consecutive standard 3rd Friday SPX AM-settled (SPX) and SPX PM-settled (SPXW) expirations. Please click the title for complete details.

Cboe Announces Sunset of BOE Bulk Order Message Types

February 13, 2019

Effective Friday, March 29, 2019, Cboe Global Markets will sunset the Bulk Order message type as implemented in the US Options BOE protocol. Please click the title for complete details.

Cboe Options Exchange (C1) Platform Migration Connectivity Update

February 12, 2019

Cboe Global Markets has obtained a waiver from Equinix for the initial cross connect install fee and the Equinix Monthly Recurring Charges (MRC) for up to six months on new cross connects run to the new Cboe Options Exchange (C1) latency-equalized infrastructure that has been built in preparation for the migration to Bats Technology. Please click the title for complete details.

Reduction of the Open Outcry FLEX RFQ Response Period for FLEX Equity Options on ETNs

February 11, 2019

Effective today, February 11, 2019, Cboe Options will reduce the minimum open outcry FLEX request for quote (RFQ) response period for FLEX Equity Options on exchange-traded notes (ETNs) from a minimum of 5 minutes to a minimum of 3 minutes. Please click the title for complete details.

Pulse Trader Workstation Enhancement Release 5.1.0

February 08, 2019

Beginning the week of February 11, 2019, Cboe will begin rollout of the PULSe Trader Workstation enhancements described below. PULSe users will be notified in advance of the rollout to their specific terminals. Please click the title for complete details.

Cboe Options Technology Integration Feature Pack 5 – Simple Order Auctions

February 06, 2019

Effective March 21, 2019, Cboe will introduce multiple enhancements to simple order auction functionality for the EDGX Options (“EDGX”) Exchange, subject to regulatory review. Please click the title for complete details.

Update: Cboe Town Hall – Direct Route to PAR (Date Updated Due To Weather)

January 28, 2019

The Cboe Market Structure and Functionality (MSF) group and the Cboe Trading Floor Operations group will together host a Town Hall meeting to provide details and respond to questions related to Direct Route to PAR. TPH PAR brokers and Compliance Officers are strongly encouraged to attend. Please click the title for details.

Reminder: C2 and EDGX Options Exchanges Add Support for Post Only Complex Orders

January 28, 2019

Cboe Global Markets will introduce new functionality to the C2 Options Exchange (“C2”) and EDGX Options Exchange (“EDGX”) to support Post Only Complex Orders. This enhanced order handling will be available in EDGX on Wednesday, January 30, 2019 and available in C2 on Wednesday, February 6, 2019. Please click the title for complete details.

Reminder: Cboe Options Technology Integration Feature Pack 4 – Market Data Enhancements

January 28, 2019

Effective February 28, 2019, Cboe will introduce multiple enhancements to market data dissemination functionality for BZX Options (“BZX”), C2 Options (“C2”), and EDGX Options (“EDGX”) Exchanges. Please click the title for complete details.

Maturation of VXX and VXZ ETNs and Related VXXB and VXZB Listing

January 24, 2019

Effective January 30, 2019, iPath S&P 500 VIX Short-Term Futures ETN (VXX) and iPath S&P 500 VIX Mid-Term Futures ETN (VXZ) will mature and holders of record on the maturity date will receive the final cash settlement value. The last day of trading for VXX and VXZ will be January 29, 2019 and these ETNs will be delisted at market open on January 30, 2019. Please click the title for complete details.

Flexible Exchange Options (FLEX) Order and Trade Submission

January 23, 2019

TPH is expected to verify the accuracy of the trade submission immediately but no later than 3:45pm CT on the trade date by utilizing Cboe Market Replay, Cboe Trade Match or its own means. Please click on the title for complete details.

Cboe Town Hall – Direct Route to PAR

January 22, 2019

The Cboe Market Structure and Functionality (MSF) group and the Cboe Trading Floor Operations group will together host a Town Hall meeting to provide details and respond to questions related to Direct Route to PAR. TPH PAR brokers and Compliance Officers are strongly encouraged to attend. Please click the title for details.

Reminder: Cboe Options Technology Integration Feature Pack 3 – Secure Web API Enhancements

January 22, 2019

Effective February 1, 2019, Cboe BZX Options (“BZX”), C2 Options (“C2”), and EDGX Options (“EDGX”) Exchange members will be able to utilize the Secure Web API Clearing Edit Service to make post trade options execution corrections. This functionality, previously only available via the Cboe Customer Web Portal Clearing Editor Tool, is being launched in preparation for migration of Cboe Options Exchange (“C1”) to Bats technology. Please click the title for complete details.

Conference Call to Review Post Technology Migration Requirements for Order Routing to Cboe Floor Brokers

January 18, 2019

The migration of the Cboe Options Exchange to the Bats technology platform is scheduled to complete on October 7, 2019. Upon migration, users routing orders for manual handling by Cboe floor brokers will be required to populate specific FIX or BOE fields and/or utilize order entry port settings to identify the target floor broker device to which the order is to be routed. Please click the title for complete details.

Update: C2 and EDGX Options Exchanges Add Support for Post Only Complex Orders (Release Date Updated)

January 17, 2019

Cboe Global Markets will introduce new functionality to the C2 Options Exchange (“C2”) and EDGX Options Exchange (“EDGX”) to support Post Only Complex Orders. This enhanced order handling will be available in EDGX on Wednesday, January 30, 2019 and available in C2 on Wednesday, February 6, 2019. Please click the title for complete details.

Change to Daily Closing Time for Options on an Exchange-Traded Product

January 15, 2019

Effective January 16, 2019, the Cboe Options Exchanges (Cboe, C2, BZX and EDGX Options) will be changing the daily closing time for options on an exchange-traded product (ETP) from 3:00 pm CT to 3:15 pm CT. The change described in this notice shall apply to all existing options and related FLEX options for the ETP class identified below. Please click the title for complete details.

Important Cboe Options Exchange Migration Update

January 15, 2019

Cboe Options Exchange (“C1”) is pleased to announce the migration to Bats technology remains on track for October 7, 2019, subject to regulatory review. Please click the title for complete details.

Quarterly Rebalance of Option Class Tiers and Online Appointment System Reminder

January 15, 2019

Pursuant to Cboe Options (“Cboe Options” or the “Exchange”) Rule 8.3(c)(iv), the Exchange rebalances the option class appointment cost tiers every calendar quarter based on national average daily volume (ADV), excluding the “AA” tier, which may result in additions or deletions to each tier’s composition.... Each tier rebalancing takes effect on the first business day of the second calendar month following the end of the calendar quarter (i.e. the rebalancing using 4th quarter 2018 data takes effect the first business day of February 2019). Please click the title for complete details.

Reminder: Cboe Global Markets Announces New Options Quoting Interface and Risk Reset Functionality

January 15, 2019

Cboe Global Markets is pleased to introduce a new Options Quoting Interface using the existing Binary Order Entry (BOE) protocol which will begin to rollout per the schedule defined further below, starting Thursday, January 17, 2019. Please click the title for complete details.

Closing of the Cboe Lobby Coat Room and Discontinuation of Jacket Cleaning Service

January 11, 2019

This notice is being issued to advise the Cboe trading floor community that effective February 1, 2019, the lobby coat room in Chicago will be closed. In its place, coat racks will be installed on the trading floor behind the VIX pit. Please click the title for additional details.

Order Marking Requirements for Direct Route of Orders Intended for Open Outcry Execution

January 11, 2019

With the October 7, 2019 migration of the C1 trading platform to Bats technology, pending regulatory review, certain Exchange-side order handling property settings will no longer be supported. Currently C1 supports volume parameters which allow orders greater than a specified quantity to be automatically routed for manual handling. Following the technology migration, orders intended for open outcry handling by a Cboe floor broker or PAR Official will require specific routing information be included by the sender on the FIX or BOE order message. The required information will include a routing directive and a PAR Workstation ID. Please click the title for complete details.

Reminder: Cboe Global Markets Announces New Options Quoting Interface and Risk Reset Functionality

January 03, 2019

Cboe Global Markets is pleased to introduce a new Options Quoting Interface using the existing Binary Order Entry (BOE) protocol which will begin to rollout per the schedule defined further below, starting Thursday, January 17, 2019. Please click the title for complete details.