Tradedesk Updates

Cboe EDGX Equities Exchange Routing Strategy Update – Conversion of CLC to DRT

January 17, 2020

Effective February 3, 2020, subject to regulatory review, Cboe EDGX Equities (“EDGX”) Exchange will replace the Comprehensive Liquidity Check (CLC) routing mechanism used for seeking non-lit liquidity with the Dark Routing Technique (DRT) mechanism in order to harmonize the routing offerings across Cboe Equities Exchanges. In addition, EDGX will consolidate multiple routing strategies with similar execution objectives. Please click the title for complete details.

Cboe Equities to Accept Stop Orders Prior to Early Market Session

January 14, 2020

Effective January 22, 2020, Cboe will accept Stop orders for queuing in the pre-market session. Previously, these orders were rejected unless they had a FIX Tag TimeInForce (59) of R = Regular Hours Only (RHO). Please click the title for complete details.

Cboe Equity Exchanges Announce Support for Managed Portfolio Shares

January 07, 2020

Cboe plans to list Managed Portfolio Shares (MPS) on the BZX Equities Exchange (BZX), during Q1 2020, subject to regulatory review. Please click the title for more 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.