Cboe BZX Options Exchange Rule Filings

Rule filings are not effective until approved by the Securities and Exchange Commission ("SEC"), with the exception of certain types of rule filings that may take effect upon filing with the SEC if they meet the conditions specified under Section 19 of the Securities Exchange Act of 1934 and Rule 19b-4 thereunder. Below are pending rule filings submitted by the Exchange, followed by rule changes that have been approved by the SEC or became immediately effective pursuant to the Exchange Act.

Pending Rule Changes

File number: SR-CboeBZX-2019-097
Date filed: November 15, 2019
Description:

The Exchange proposes a rule change to adopt BZX Rule 14.11(l) to permit the listing and trading of Exchange-Traded Fund Shares that are permitted to operate in reliance on Rule 6c-11 under the Investment Company Act of 1940.

File number: SR-CboeBZX-2019-076 Amendment No. 1
Date filed: October 9, 2019
Description:

The Exchange proposes an amendment to SR-CboeBZX-2019-076.

File number: SR-CboeBZX-2019-076
Date filed: September 26, 2019
Description:

The Exchange proposes a rule change to list and trade shares of the Clearbridge Small Cap Value ETF under currently proposed Rule 14.11(k).

File number: SR-CboeBZX-2019-068 Amendment No. 1
Date filed: October 1, 2019
Description:

The Exchange proposes an amendment to SR-CboeBZX-2019-068.

File number: SR-CboeBZX-2019-068
Date filed: July 19, 2019
Description:

The Exchange proposes a rule change to list and trade shares of the iShares California Short Maturity Muni Bond ETF of the iShares U.S. ETF Trust under Rule 14.11(i), Managed Fund Shares.

File number: SR-CboeBZX-2019-057
Date filed: June 5, 2019
Description:

The Exchange proposes a rule change to list and trade shares of the following under currently proposed Rule 14.11(k): American Century Focused Dynamic Growth ETF and American Century Focused Large Cap Value ETF.

File number: SR-CboeBZX-2019-047 Amendment No. 3
Date filed: November 6, 2019
Description:

The Exchange proposes a third amendment to SR-CboeBZX-2019-047.

File number: SR-CboeBZX-2019-047 Amendment No. 2
Date filed: September 23, 2019
Description:

The Exchange proposes a second amendment to SR-CboeBZX-2019-047.

File number: SR-CboeBZX-2019-047 Amendment No 1
Date filed: September 20, 2019
Description:

The Exchange proposes an amendment to SR-CboeBZX-2019-047.

File number: SR-CboeBZX-2019-047
Date filed: June 5, 2019
Description:

The Exchange proposes a rule change to adopt BZX Rule 14.11(k) to permit the listing and trading of Managed Portfolio Shares, which are shares of actively managed exchange-traded funds for which the portfolio is disclosed in accordance with standard mutual fund disclosure rules.

File number: SR-CboeBZX-2019-044
Date filed: May 15, 2019
Description:

The Exchange proposes a rule change to allow the JPMorgan Core Plus Bond ETF of the J.P. Morgan Exchange-Traded Fund Trust to hold certain instruments in a manner that may not comply with Rule 14.11(i), Managed Fund Shares.

File number: SR-CboeBZX-2019-023 Amendment No. 1
Date filed: October 31, 2019
Description:

The Exchange proposes an amendment to SR-CboeBZX-2019-023.

File number: SR-CboeBZX-2019-023
Date filed: April 3, 2019
Description:

The Exchange proposes a rule change to amend Exchange Rule 14.11(c), Index Fund Shares, to adopt generic listing standards for Index Fund Shares based on an index of municipal bond securities.

Approved and Immediately Effective Rule Changes

File number: SR-CboeBZX-2019-096
Date filed: November 12, 2019
Description:

The Exchange proposes to amend the fat finger check in Rule 21.17 as it applies to Stop Limit Orders.

File number: SR-CboeBZX-2019-095
Date filed: November 12, 2019
Description:

The Exchange proposes to amend the definition of the Final Last Sale Eligible Trade (“FLSET”) such that odd lot trades executed on BZX would not be eligible to establish the FLSET for a security.

File number: SR-CboeBZX-2019-094
Date filed: November 1, 2019
Description:

The Exchange proposes to amend the fee schedule applicable to the BZX equities trading platform as it relates to pricing for orders routed to Cboe EDGA Exchange, Inc. using the ALLB, TRIM, or SLIM routing strategy.

File number: SR-CboeBZX-2019-093
Date filed: October 29, 2019
Description:

The Exchange proposes to adopt fees for a new data product on its equity options platform to be known as Open-Close Data.

File number: SR-CboeBZX-2019-090
Date filed: October 17, 2019
Description:

The Exchange proposes to make permanent an options market rule linked to the equity market Plan to Address Extraordinary Market Volatility.

File number: SR-CboeBZX-2019-089
Date filed: October 17, 2019
Description:

The Exchange proposes to extend the current pilot program related to BZX Rule 11.17, Clearly Erroneous Executions, to the close of business on April 20, 2020.

File number: SR-CboeBZX-2019-088
Date filed: October 15, 2019
Description:

The Exchange proposes to extend the pilot related to the market-wide circuit breaker in Rule 11.18.

File number: SR-CboeBZX-2019-087
Date filed: October 1, 2019
Description:

The Exchange proposes to amend the fee schedule to institute a Derived Data API Service.

File number: SR-CboeBZX-2019-086
Date filed: October 1, 2019
Description:

The Exchange proposes to introduce a Small Retail Broker Distribution Program.

File number: SR-CboeBZX-2019-084
Date filed: September 23, 2019
Description:

The Exchange proposes to list and trade shares of the FT Cboe Vest U.S. Equity Buffer ETFs and the FT Cboe Vest U.S. Equity Deep Buffer ETFs under the First Trust Exchange-Traded Fund VIII (the “Trust”), under Rule 14.11(i) (“Managed Fund Shares”).

File number: SR-CboeBZX-2019-083
Date filed: September 16, 2019
Description:

The Exchange proposes a rule change to allow the Aptus Collared Income Opportunity ETF, a series of ETF Series Solutions, to hold certain instruments in a manner that does not necessarily comply with Rule 14.11(i), Managed Fund Shares.

File number: SR-CboeBZX-2019-082
Date filed: September 10, 2019
Description:

The Exchange proposes a rule change to waive the fees for a single 1 gigabyte physical port in its secondary data center for Members that are registered as an LMM on the Exchange for the first twelve months following the Member establishing physical connectivity to the secondary data center.

File number: SR-CboeBZX-2019-081
Date filed: August 30, 2019
Description:

The Exchange proposes a rule change to amend the fees applicable to securities listed on the Exchange, which areset forth in BZX Rule 14.13, Company Listing Fees.

File number: SR-CboeBZX-2019-079
Date filed: August 21, 2019
Description:

The Exchange proposes to introduce a new data product on its equity options platform to be known as Open-Close Data.

File number: SR-CboeBZX-2019-077
Date filed: August 13, 2019
Description:

The Exchange proposes a rule change to list and trade shares of the Innovator S&P 500 Total Buffer ETF Series under the Innovator ETFs Trust, under Rule 14.11(i), Managed Fund Shares.

File number: SR-CboeBZX-2019-075 Amendment No. 1
Date filed: August 20, 2019
Description:

The Exchange proposes an amendment to SR-CboeBZX-2019-075.

File number: SR-CboeBZX-2019-075
Date filed: August 7, 2019
Description:

The Exchange proposes a rule change to Rule 14.11(i), Managed Fund Shares. Specifically relating to generic listing standards for Managed Fund Shares applicable to holdings in fixed income securities.

File number: SR-CboeBZX-2019-073
Date filed: August 6, 2019
Description:

The Exchange proposes to make three changes to Rule 14.3(e), Additional Requirements for Securities Issued by the Exchange or its Affiliates.

File number: SR-CboeBZX-2019-072
Date filed: August 1, 2019
Description:

The Exchange proposes to amend its fee schedule assessed on Members to establish a monthly Trading Rights Fee.

File number: SR-CboeBZX-2019-067 Amendment No. 3
Date filed: September 24, 2019
Description:

The Exchange proposes a third amendment to SR-CboeBZX-2019-067.

File number: SR-CboeBZX-2019-067 Amendment No. 2
Date filed: September 19, 2019
Description:

The Exchange proposes a second amendment to SR-CboeBZX-2019-067.

File number: SR-CboeBZX-2019-067 Amendment No. 1
Date filed: August 29, 2019
Description:

The Exchange proposes an amendment to SR-CboeBZX-2019-067.

File number: SR-CboeBZX-2019-067
Date filed: July 18, 2019
Description:

The Exchange proposes a rule change to list and trade shares of the Innovator-100 Buffer, Power Buffer, and Ultra Buffer ETF Series and the Innovator Russell 2000 Buffer, Power Buffer, and Ultra Buffer ETF Series under the Innovator ETFs Trust under Rule 14.11(i) (“Managed Fund Shares”).

File number: SR-CboeBZX-2019-066
Date filed: July 17, 2019
Description:

The Exchange proposes to update Rule 16.1 to include the definition of capacity, as well as amend its fee schedule to reflect this update.

File number: SR-CboeBZX-2019-065
Date filed: July 12, 2019
Description:

The Exchange proposes to amend the BZX Equities Fee Schedule.

File number: SR-CboeBZX-2019-064
Date filed: July 11, 2019
Description:

The Exchange proposes to amend the BZX Equities Fee Schedule.

File number: SR-CboeBZX-2019-060
Date filed: June 25, 2019
Description:

The Exchange proposes to amend the fee schedule applicable to the BZX equities trading platform as it relates to pricing for orders routed to Cboe EDGX Exchange, Inc.

File number: SR-CboeBZX-2019-059
Date filed: June 19, 2019
Description:

The Exchange proposes to adopt a new Step-Up Tier.

File number: SR-CboeBZX-2019-058
Date filed: June 14, 2019
Description:

The Exchange proposes to amend the fee schedule applicable to its equities trading platform to replace the rebates applicable to Lead Market Makers in BZX-listed securities with daily incentives that are directly tied to meeting market quality metrics without regard to transactions executed.

File number: SR-CboeBZX-2019-055 Amendment No. 1
Date filed: June 7, 2019
Description:

The Exchange proposes an amendment to SR-CboeBZX-2019-055.

File number: SR-CboeBZX-2019-055
Date filed: June 4, 2019
Description:

The Exchange proposes a rule change to allow the Cambria Tail Risk ETF, a series of the Cambria ETF Trust, to hold listed options contracts in a manner that does not comply with Rule 14.11(i), Managed Fund Shares.

File number: SR-CboeBZX-2019-052
Date filed: June 3, 2019
Description:

The Exchange proposes to allow the Exchange to determine the availability of order types and times-in-force.

File number: SR-CboeBZX-2019-051
Date filed: May 31, 2019
Description:

The Exchange proposes a rule change to extend the Penny Pilot Program.

File number: SR-CboeBZX-2019-050
Date filed: June 6, 2019
Description:

The Exchange proposes to adopt limit-on-close and market-on-close orders.

File number: SR-CboeBZX-2019-049
Date filed: June 4, 2019
Description:

The Exchange proposes to allow for a User to elect that a bulk message opt-out of the display-price sliding process, as well as be subject to the lock-only display-price sliding process.

File number: SR-CboeBZX-2019-046
Date filed: May 22, 2019
Description:

The Exchange proposes to amend Rule 21.7.

File number: SR-CboeBZX-2019-045
Date filed: May 16, 2019
Description:

The Exchange proposes to allow for $1 strike prices on additional options on certain Index Fund Shares.

File number: SR-CboeBZX-2019-043
Date filed: May 7, 2019
Description:

The Exchange proposes to delay the operative date of rule change pursuant to SR-CboeBZX-2019-025.

File number: SR-CboeBZX-2019-042
Date filed: May 3, 2019
Description:

The Exchange proposes a rule change to amend the fees applicable to securities listed on the Exchange, which are set forth in BZX Rule 14.13, Company Listing Fees.

File number: SR-CboeBZX-2019-040
Date filed: May 1, 2019
Description:

The Exchange proposes to amend the BZX Equities fee schedule to correct an inadvertent drafting error introduced in a previous rule filing.

File number: SR-CboeBZX-2019-039
Date filed: May 1, 2019
Description:

The Exchange proposes to amend the fee schedule as it relates to pricing for the use of the TRIM routing strategy.

File number: SR-CboeBZX-2019-038
Date filed: April 30, 2019
Description:

The Exchange proposes to amend its Fee Schedule.

File number: SR-CboeBZX-2019-037
Date filed: April 29, 2019
Description:

The Exchange proposes to amend Rule 11.13 (Order Execution and Routing), as well as its Fee Schedule, to delete references to the TRIM2 and SWPB routing options.

File number: SR-CboeBZX-2019-035
Date filed: April 26, 2019
Description:

The Exchange proposes a rule change to to list and trade under BZX Rule 14.11(c)(4) the shares of the iShares iBonds 2021, 2022, 2023, 2024 & 2025 Term High Yield and Income ETFs of iShares Trust.

File number: SR-CboeBZX-2019-034
Date filed: May 2, 2019
Description:

The Exchange proposed a rule change to allow the Main Sector Rotation ETF, a series of the Northern Lights Fund Trust IV, to hold listed options contracts in a manner that does not comply with Rule 14.11(i), Managed Fund Shares.

File number: SR-CboeBZX-2019-032
Date filed: April 25, 2019
Description:

The Exchange proposes a rule change to list and trade under BZX Rule 14.11(d)(2)(K)(i) shares of the iPath S&P MLP ETN issued by Barclays Bank PLC.

File number: SR-CboeBZX-2019-031
Date filed: July 31, 2019
Description:

The Exchange proposes to clarify portions of rule 14.11 (Other Securities) related to the applicability of certain disclosure requirements.

File number: SR-CboeBZX-2019-030
Date filed: April 17, 2019
Description:

The Exchange proposes to replace obsolete terminology.

File number: SR-CboeBZX-2019-028
Date filed: April 12, 2019
Description:

The Exchange proposes to extend the pilot program related to BZX Rule 11.18, Trading Halts Due to Extraordinary Market Volatility, to the close of business on October 18, 2019.

File number: SR-CboeBZX-2019-026
Date filed: April 9, 2019
Description:

The Exchange proposes to extend the pilot for certain options market rules that are linked to the LULD Plan.

File number: SR-CboeBZX-2019-025
Date filed: April 8, 2019
Description:

The Exchange proposes to amend Chapter 22 of the Exchange’s rulebook.

File number: SR-CboeBZX-2019-024
Date filed: April 3, 2019
Description:

The Exchange proposes to modify its fee schedule.

File number: SR-CboeBZX-2019-022
Date filed: April 2, 2019
Description:

The Exchange proposes to extend the current pilot program related to Rule 11.17, Clearly Erroneous Executions, to the close of business on October 18, 2019.

File number: SR-CboeBZX-2019-021
Date filed: March 29, 2019
Description:

The Exchange proposes to amend the fee schedule applicable to Members and non-Members of the Exchange pursuant to BZX Rules 15.1(a) and (c).

File number: SR-CboeBZX-2019-020
Date filed: March 22, 2019
Description:

The Exchange proposes to amend Rule 21.5, Interpretation and Policy .01 to specify that replacement issues may be added to the Penny Pilot Program on a quarterly basis, without altering the expiration date of the Pilot, which is June 30, 2019.

File number: SR-CboeBZX-2019-019
Date filed: March 15, 2019
Description:

The Exchange proposes to list and trade shares of the WisdomTree Japan Multifactor Fund and the WisdomTree Europe Multifactor Fund pursuant to Rule 14.11(I).

File number: SR-CboeBZX-2019-017
Date filed: March 8, 2019
Description:

The Exchange proposes to list and trade under BZX Rule 14.11(c)(4) the shares of the iShares iBonds Dec 2026 Term Muni Bond ETF, iShares iBonds Dec 2027 Term Muni Bond ETF, and iShares iBonds Dec 2028 Term Muni Bond ETF of iShares Trust.

File number: SR-CboeBZX-2019-016 Amendment No. 1
Date filed: March 28, 2019
Description:

The Exchange proposes an amendment to SR-CboeBZX-2019-016.

File number: SR-CboeBZX-2019-016
Date filed: March 5, 2019
Description:

The Exchange proposes a rule change to allow the JPMorgan Core Plus Bond ETF of the J.P. Morgan Exchange-Traded Fund Trust to hold certain instruments in a manner that may not comply with Rule 14.11(i), Managed Fund Shares.

File number: SR-CboeBZX-2019-014
Date filed: March 1, 2019
Description:

The Exchange proposes a rule change related to fees.

File number: SR-CboeBZX-2019-013
Date filed: February 21, 2019
Description:

The Exchange proposes to allow the addition of new series of options on an individual stock until the close of trading on the business day prior to expiration in unusual market conditions.

File number: SR-CboeBZX-2019-012
Date filed: February 21, 2019
Description:

The Exchange proposes to amend the fee schedule applicable to Members and non-Members of the Exchange pursuant to BZX Rules 15.1(a) and (c).

File number: SR-CboeBZX-2019-009
Date filed: February 11, 2019
Description:

The Exchange proposes a rule change to amend the fee schedule applicable to Members and non-Members of the Exchange pursuant to BZX Rules 15.1(a) and (c).

File number: SR-CboeBZX-2019-008
Date filed: February 5, 2019
Description:

The Exchange proposes a rule change to clarify that BZX’s Halt Auction process is applicable only to Halt Auctions following a Regulatory Halt.

File number: SR-CboeBZX-2019-006
Date filed: February 1, 2019
Description:

The Exchange proposes a rule change to amend the fee schedule as it relates to pricing for the use of certain routing strategies.

File number: SR-CboeBZX-2019-002
Date filed: January 7, 2019
Description:

The Exchange proposes to amend the Exchange’s Eighth Amended and Restated Bylaws and the Fourth Amended and Restated Bylaws of its parent corporation, Cboe Global Markets, Inc.

File number: SR-CboeBZX-2019-001 Amendment No. 2
Date filed: April 4, 2019
Description:

The Exchange proposes a second amendment to SR-CboeBZX-2019-001.

File number: SR-CboeBZX-2019-001 Amendment No. 1
Date filed: March 14, 2019
Description:

The Exchange proposes an amendment to SR-CboeBZX-2019-001.

File number: SR-CboeBZX-2019-001
Date filed: January 2, 2019
Description:

The Exchange submits this proposal to list and trade under Rule 14.11(c)(3) shares of the Global X Russell 2000 Covered Call ETF of Global X Funds.