Tradedesk Updates

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

January 27, 2020

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

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

January 27, 2020

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

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

January 27, 2020

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

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

January 23, 2020

Effective January 31, 2020, Cboe will decommission legacy physical port connectivity to Cboe Options Exchange (Cboe Options) and Cboe Futures Exchange (CFE) in the Equinix NY4 data center, Secaucus, New Jersey. Connectivity to Cboe Options and CFE will remain available from Equinix NY4 through latency equalized physical connections. Please click the title for complete details.

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

January 21, 2020

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

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

January 21, 2020

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

Update to Trade Condition Values on Cboe and OPRA Data Feeds

January 21, 2020

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

Restricted Clearing Member OCC Number 671 on EDGX Options Exchange

January 21, 2020

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

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

January 21, 2020

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

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

January 21, 2020

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

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

January 21, 2020

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

Cboe Options Exchange SPX GTH LMM Solicitation

January 17, 2020

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

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

January 17, 2020

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

Cboe Options Exchange VIX GTH LMM Solicitation

January 17, 2020

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

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

January 17, 2020

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

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

January 17, 2020

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

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

January 15, 2020

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

Update - Cboe Announces New Opening Process for BZX Options Exchange

January 15, 2020

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

Restricted Clearing Member OCC Number 443 on EDGX Options Exchange

January 15, 2020

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

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

January 15, 2020

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

Quarterly Rebalance of Option Class Tiers Reminder

January 14, 2020

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

Cboe Options Exchange to Discontinue Report2Web

January 13, 2020

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

Clearing Member Give Up Authorization for Cboe EDGX Options Exchange

January 09, 2020

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

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

January 09, 2020

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

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

January 08, 2020

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

Update - Harmonization of Cboe and OPRA Trade Condition Field Values

January 08, 2020

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

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

January 08, 2020

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

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

January 03, 2020

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

Cboe Announces New Opening Process for BZX Options Exchange

January 03, 2020

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

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

January 03, 2020

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

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

January 02, 2020

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

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

January 02, 2020

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