Tradedesk Updates

Cboe is pleased to announce the following enhancement of the Cboe One Feed effective July 10, 2020, subject to regulatory review. Please click the title for complete details.

Cboe is pleased to announce the following enhancement of the Cboe One Feed effective July 10, 2020. Click the title for more details.

Effective June 10, 2020, Cboe EDGA ("EDGA") and Cboe EDGX ("EDGX") Exchanges will introduce functionality that allows offsets and a new Quote Depletion Protection (QDP) instruction for Midpoint Discretionary Orders (MDO). Please click the title for complete details.

Cboe is pleased to announce the acquisition of Trade Alert, a leading provider of real-time alerts and order flow analysis. We couldn’t be more thrilled to have Trade Alert President and Founder Henry Schwartz and his team join Cboe. Please click the title for complete details.

Effective June 1, 2020, Cboe BZX Equities Exchange will add two new fields to the Cboe End-of-Day ETP Key Values file. The columns will be added to the end of the current file. Click the title for details.

Cboe Global Markets has entered into a definitive agreement to acquire MATCHNow, the largest equities alternative trading system (ATS) in Canada, from Virtu Financial, Inc. Cboe’s planned acquisition of Toronto-based MATCHNow will give us a foothold in one of the world’s leading equities markets. Please click the title for complete details.

Effective June 10, 2020, subject to regulatory review, Cboe EDGA ("EDGA") and Cboe EDGX ("EDGX") Exchanges will introduce functionality that allows offsets and a new Quote Depletion Protection (QDP) instruction for Midpoint Discretionary Orders (MDO). Please click the title for complete details.

Effective May 22, 2020 for Cboe EDGA Equities (“EDGA”) Exchange and May 29, 2020 for Cboe BYX Equities (“BYX”), BZX Equities (“BZX”), and EDGX Equities (“EDGX”) Exchanges, Cboe will introduce strategy level risk controls, subject to regulatory review. Please click the title for complete details.

Effective May 15, 2020 for Cboe EDGA Equities (“EDGA”) Exchange and May 22, 2020 for Cboe BYX Equities (“BYX”), BZX Equities (“BZX”), and EDGX Equities (“EDGX”) Exchanges, Cboe will introduce strategy level risk controls, subject to regulatory review. Click the title for more details.

Effective April 17, 2020 for Cboe EDGA Equities (“EDGA”) Exchange and April 24, 2020 for Cboe BYX Equities (“BYX”), BZX Equities (“BZX”), and EDGX Equities (“EDGX”) Exchanges, Cboe will introduce new MPID risk controls. Please click the title for complete details.

As mentioned in a previous notice, Cboe Equity Exchanges plan to support listing and trading of Managed Portfolio Shares (MPS) securities as early as Q1 2020. Effective on the listing date, trading of MPS securities will not be limited to Regular Trading Hours (RTH) as previously noted, pending regulatory review. MPS securities will trade during all sessions, including the pre-market and post-market sessions. Please click the title for complete details.

Cboe Global Markets continues to closely monitor developments concerning the novel coronavirus (COVID-19) and the guidance being provided by local, state and federal government and public health agencies. In the latest developments of a rapidly evolving situation, as you likely know, the governors of Illinois, New York and New Jersey issued “stay-at-home” directives for residents of their respective states. Over the weekend, the Kansas City metro area was similarly placed under a stay-at-home directive effective midnight Monday. Please click on the title for more information.

As a reminder, information regarding the handling of orders on the Cboe equities exchanges (BZX Equities, BYX Equities, EDGX Equities, and EDGA Equities) as a result of a market-wide circuit breaker halt can be found on the third page of the Cboe US Equities Opening Process document as well as within the “Cboe BYX, BZX, EDGA, and EDGX Exchange” sections of the CTA or UTP Plan documents (e.g. SIP Market-Wide Circuit Breaker Overview). Please click the title for complete details.

Effective March 9, 2020, Cboe established a new online form for submitting complaints, tips, and referrals to the Cboe Regulatory Program. The Cboe Regulatory Program includes surveillance, investigations, and/or examinations relating to compliance with the rules of the Cboe-affiliated exchanges. Please click the title for complete details.

Effective April 17, 2020 for Cboe EDGA Equities (“EDGA”) Exchange and April 24, 2020 for Cboe BYX Equities (“BYX”), BZX Equities (“BZX”), and EDGX Equities (“EDGX”) Exchanges, Cboe will introduce new MPID risk controls, subject to regulatory review. Please click the title for complete details.

Please be advised that Cboe is continuing to closely monitor the current situation regarding the novel coronavirus (COVID-19). Cboe has reviewed its pandemic planning procedures and is prepared to respond appropriately if and when the situation progresses. Please click the title for complete details.

As part of Cboe’s commitment to providing innovative, value-added services to our Members, Cboe will introduce Cboe Market Close (“CMC”), a closing match process for non-Cboe Listed securities, on the Cboe BZX Exchange (“BZX Exchange”) effective March 6, 2020. Please click the title for complete details.

Novel Coronavirus Update
February 28, 2020

Please be advised that Cboe is continuing to closely monitor the current situation regarding the novel coronavirus (COVID-19). Cboe has reviewed its pandemic planning procedures and is prepared to respond appropriately if and when the situation progresses. There are no plans for any changes that would impact trading operations or support of trading on the Cboe Options Exchange (“C1”) floor, nor any that would impact Cboe equities, options, futures, or FX electronic trading platforms. In the event the situation would escalate such that it would become necessary to close the C1 trading floor to prevent spread of COVID-19, Cboe is prepared for C1 to operate in an electronic only trading mode. In an electronic only trading mode, the trading floor and all routing to the trading floor will be disabled and unavailable. Input of orders for matching on C1 will only be available electronically via FIX and BOE, similar to all other Cboe options trading platforms. Any orders with instructions to route to the floor would be rejected. Note this electronic only functionality has been tested and has been previously used in production on October 28, 2019. Please click on the title for additional details and considerations.

As previously announced, effective Monday, February 24, 2020 Cboe BYX Exchange, BZX Exchange, EDGA Exchange, and EDGX Exchange will implement Amendment 18 to the Limit Up Limit Down Plan in coordination with other market participants. Please click the title for complete details.

Effective March 2, 2020, subject to regulatory review, Cboe EDGA Equities (“EDGA”) 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, EDGA will consolidate multiple routing strategies with similar execution objectives. Please click the title for complete details.

Cboe is pleased to announce the acquisition of two leading data analytics companies: Hanweck, a real-time risk analytics company, and FT Providers, a portfolio management platform provider known as FT Options. Please click the title for complete details.

As part of Cboe’s commitment to providing innovative, value-added services to our Members, Cboe will introduce Cboe Market Close (“CMC”), a closing match process for non-Cboe Listed securities, on the Cboe BZX Exchange (“BZX Exchange”) effective March 6, 2020. Please click the title for complete details.

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. Please click the title for complete details.

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.

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 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.

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.