Tradedesk Updates

Effective September 25, 2020, Cboe Futures Exchange (“CFE”) will provide CFE Clearing Firms with an enhanced interface for managing email notifications sent when net long/short exposure limit thresholds are met or exceeded. These settings will be available on an EFID level basis via the existing Risk Management tool in the Cboe Customer Web Portal. Please click the title for complete details.

Effective October 26, 2020, subject to regulatory review, Cboe will transition the daily marking time and daily settlement price calculation for various proprietary index options and futures, respectively, from 3:15 p.m. to 3:00 p.m. CT (noon CT on early market close days). The change is being implemented in conjunction with corollary changes being made by CME Group Inc. for related futures products. Please click the title for complete details.

Effective September 18, 2020, Cboe Futures Exchange, LLC ("CFE") will update the Accounts Manager and Order Entry Operator ID Manager Tools accessed via the U.S. Customer Web Portal to support CFE's re-assumption of regulatory program work currently handled on behalf of CFE by the National Futures Association (“NFA”). Please click the title for complete details.

Effective August 31, 2020, Cboe Futures Exchange, LLC ("CFE") will add a new "Contract Date" column to both the Simple and the Complex CFE Symbol Reference Files. Please click the title for complete details.

As previously announced, Cboe plans to move out of 400 S. La Salle in Chicago. In preparation for this move, please be advised that in August 2020 for C2 Options Exchange (“C2 Options”) and in September 2020 for Cboe Futures Exchange (“CFE”), the Disaster Recovery (“DR”) environments will be relocated from 400 S. La Salle (Chicago) to reside at 350 Cermak (Chicago) with our other equities and options DR platforms. Please click the title for complete details.

Effective September 1, 2020, Cboe Futures Exchange, LLC (“CFE”) will provide an updated CFE Scorecard Report for CFE Trading Privilege Holders ("TPHs") to view information regarding their activity on CFE. TPHs currently receiving this report must re-subscribe in order to continue receiving the CFE Scorecard Report. Please click the title for complete details.

Cboe Futures Exchange, LLC (“CFE”) is pleased to announce plans to launch trading in Mini Cboe Volatility Index ("VXM") futures on Sunday August 9, 2020 for business date Monday, August 10, 2020. Please click the title for complete details.

Cboe Global Markets Completes Acquisition of MATCHNow. Please click the title for complete details.

In preparation for the upcoming launch of Mini Cboe Volatility Index ("VXM") futures, Cboe Futures Exchange, LLC (“CFE”) has made available symbol reference files for simple and spread VXM instruments. These files are available now and will remain available until the launch of VXM futures on Sunday, August 9, 2020, at which time TPHs are advised to use the standard CFE reference files for VXM futures instrument definitions. Please click the title for more details.

As previously announced, Cboe plans to move out of 400 S. La Salle in Chicago. In preparation for this move, please be advised that in August 2020 for C2 Options Exchange (“C2 Options”) and in September 2020 for Cboe Futures Exchange (“CFE”), the Disaster Recovery (“DR”) environments will be relocated from 400 S. La Salle (Chicago) to reside at 350 Cermak (Chicago) with our other equities and options DR platforms. Please click the title for complete details.

As previously announced, Cboe Futures Exchange, LLC (“CFE”) introduced new Quoting Interface functionality using the existing Binary Order Entry (“BOE”) protocol for CFE Trade at Settlement ("TAS") contracts effective May 3, 2020 for business date May 4, 2020. The Quoting Interface will be available for all CFE contracts, including non-TAS contracts, effective July 26, 2020 for business date July 27, 2020. Please click the title for complete details.

Cboe Futures Exchange, LLC (“CFE”) is pleased to announce plans to launch trading in Mini Cboe Volatility Index ("VXM") futures on Sunday August 9, 2020 for business date Monday, August 10, 2020, subject to regulatory review. Please click the title for complete details.

Effective August 31, 2020, Cboe Futures Exchange, LLC ("CFE") will add a new "Contract Date" column to both the Simple and the Complex CFE Symbol Reference Files. Please click the title for complete details.

Cboe Futures Exchange, LLC (“CFE”) is pleased to announce plans to launch trading in Mini Cboe Volatility Index ("VXM") futures on Sunday August 9, 2020 for business date Monday, August 10, 2020, subject to regulatory review. Please click the title for complete details.

Effective June 28, 2020, Cboe Futures Exchange, LLC ("CFE") will begin including execution source code information via the CustOrderHandlingInst field (FIX Tag 1031) in FIX and BOE order entry and in trade files. CFE is introducing the CustOrderHandlingInst field (in the CFE FIX Specification (Tag 1031) and CFE BOE Specification1) for order entry and trade files in conjunction with the Futures Industry Association (“FIA”) Execution Code Schema initiative. Please click the title for complete details.

As previously announced, Cboe Futures Exchange, LLC (“CFE”) introduced new Quoting Interface functionality using the existing Binary Order Entry (“BOE”) protocol for CFE Trade at Settlement ("TAS") contracts effective May 3, 2020 for business date May 4, 2020. The Quoting Interface will be available for all CFE contracts, including non-TAS contracts, effective July 26, 2020 for business date July 27, 2020. CFE is pleased to announce that testing of the Quoting Interface for non-TAS contracts is now available in the certification environment. Please click the title for complete details.

Effective June 28, 2020, Cboe Futures Exchange, LLC ("CFE") will begin including execution source code information via the CustOrderHandlingInst field (FIX Tag 1031) in FIX and BOE order entry and in trade files. Please click the title for complete details.

As previously announced, Cboe plans to move out of 400 S. La Salle in Chicago. In preparation for this move, please be advised that in August 2020 for C2 Options Exchange (“C2 Options”) and in September 2020 for Cboe Futures Exchange (“CFE”), the Disaster Recovery (“DR”) environments will be relocated from 400 S. La Salle (Chicago) to reside at 350 Cermak (Chicago) with our other equities and options DR platforms. 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.

As a reminder, VIX options (symbol: VIXW) and VX futures (symbol: VX22/M0) that have an expiration date of Tuesday, June 2, 2020, will also settle on Tuesday, June 2, 2020. Please click the title for complete details.

Cboe Futures Exchange, LLC (“CFE”) plans to launch trading in the following AMERIBOR (American Interbank Offered Rate) future. Trading will commence for AMB1 futures on Sunday June 7, 2020 at 5:00 p.m. CT for business date Monday, June 8, 2020. This notice has been updated to include AMB1 futures margin requirements. Please click the title for complete details.

Effective June 28, 2020, Cboe Futures Exchange, LLC ("CFE") will begin including execution source code information via the CustOrderHandlingInst field (FIX Tag 1031) in FIX and BOE order entry and in trade files. Please click the title for complete 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 9, 2020, Cboe will update the names of multiple symbol reference files to include a reference to the applicable exchange as well as the addition of the text 'symbol_reference' . These changes will be implemented for the BZX Options (“BZX”), Cboe Options (“C1”), C2 Options (“C2”), and EDGX Options (“EDGX”) Exchanges as well as Cboe Futures (“CFE”). Please click the title for complete details.

Effective June 9, 2020, Cboe will update the names of multiple symbol reference files to include a reference to the applicable exchange. These changes will be implemented for the BZX Options (“BZX”), Cboe Options (“C1”), C2 Options (“C2”), and EDGX Options (“EDGX”) Options Exchanges as well as Cboe Futures (“CFE”). Please click the title for complete details.

Cboe Futures Exchange, LLC (“CFE”) released the Quoting Interface solely for CFE Trade at Settlement (“TAS”) contracts effective May 3, 2020. As previously announced, in order to allow CFE Trading Privilege Holders (“TPHs”) to confirm connectivity to any order entry session, including Quoting Match Capacity Allocations, and to ensure proper code path initialization, CFE will make changes to the simulated trading schedule for the ZVXT test product effective Sunday, May 31, 2020. Please click the title for complete details.

Given the recent occurrence in other markets of negative futures values, Cboe Futures Exchange, LLC (“CFE”) is issuing this notice to advise CFE market participants that should zero or negative AMERIBOR rates occur, CFE’s trading system supports trading in AMERIBOR futures reflective of such rates. Please click the title for complete details

Based on customer feedback, these changes have been postponed to be effective on a date to be announced in a subsequent notice. Please click the title for complete details.

Cboe Futures Exchange, LLC (“CFE”) has released the Quoting Interface solely for CFE Trade at Settlement (“TAS”) contracts effective May 3, 2020. In order to allow CFE Trading Privilege Holders (“TPHs”) to confirm connectivity to any order entry session, including Quoting Match Capacity Allocations, and to ensure proper code path initialization, CFE will make changes to the simulated trading schedule for the ZVXT test product effective on Sunday, May 10, 2020. Please click the title for complete details.

Cboe Futures Exchange, LLC (“CFE”) plans to launch trading in the following AMERIBOR (American Interbank Offered Rate) future. Trading will commence for AMB1 futures on Sunday June 7, 2020 at 5:00 p.m. CT for business date Monday, June 8, 2020. Please click the title for complete details.

Cboe Futures Exchange, LLC (“CFE”) is pleased to introduce new Quoting Interface functionality using the existing Binary Order Entry (“BOE”) protocol. In light of recent circumstances related to COVID-19 CFE will introduce the new Quoting Interface functionality in phases, subject to regulatory review. The CFE will initially implement the Quoting Interface solely for CFE Trade at Settlement (“TAS”) contracts effective May 3, 2020 for business date May 4, 2020. The Quoting Interface will be available for all CFE contracts (including non-TAS contracts) commencing on July 26, 2020 for the business date July 27, 2020. Please click the title for complete details.

Effective for Trade Date of April 27, 2020, Cboe Futures Exchange, LLC (“CFE”) will add a new Contract Date field to all Futures Instrument Definition messages sent on the Multicast PITCH and TOP market data feeds. Please click the title for complete details.

Effective April 7, 2020, all exchange fees and applicable surcharges will be waived for SPX and SPXW compression trades. Please click the title for complete details.

Cboe Futures Exchange, LLC (“CFE”) is pleased to introduce new Quoting Interface functionality using the existing Binary Order Entry (“BOE”) protocol, effective May 3, 2020, subject to regulatory review. Please click the title for complete details.

Effective April 5, 2020, Cboe Futures Exchange, LLC (“CFE”) will introduce enhancements to the Block/ECRP Reporting Tool. 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.

Effective March 20, 2020, pursuant to expedited relief under Rule 5.24(e)(1), Cboe will permit related future cross (“RFC”) orders to be submitted for VIX index options. These orders may execute as unexposed crosses of riskless packaged transactions which include VIX option combos offset by CFE VIX futures contracts. The relief afforded by this rule will only be in place until May 15, which date may be extended, and will apply only while Cboe is operating in an all-electronic manner. Please click the title for complete details.

In light of current market events, there is a possibility of extreme market conditions leading into the opening of S&P 500 Index (SPX) options on the settlement day for VIX options and VIX futures, including on March 18, 2020 and subsequent settlement dates. In such case, the Cboe options will follow the SPX opening process outlined below. Please click the title for complete details.

This notice describes the manner in which Cboe Futures Exchange, LLC (CFE) determines daily settlement prices in the event of an unscheduled early close of trading, such as would result following a Level 3 market-wide circuit breaker trading halt due to a 20% decline in the S&P 500 Index. Please click the title for complete details.

This notice is being issued to make Cboe customers aware of OCC Information Memo #46615 announcing OCC’s recent updates to their Unscheduled Market Closings Guide, which include considerations for PM-settled index products in the case of a 20% MWCB. Please click the title for more details.

Please be advised that as a precaution to reduce large gatherings that can contribute to the spread of the novel coronavirus (COVID-19), Cboe will be closing the Cboe Options (“C1”) trading floor in Chicago effective Monday, March 16, 2020 until further notice. 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.

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.

Cboe Futures Exchange, LLC (“CFE”) is pleased to introduce new Quoting Interface functionality using the existing Binary Order Entry (“BOE”) protocol, to be implemented in Q2 of 2020, subject to regulatory review. As further described below, certification testing will be available starting on March 8, 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.

Effective for Trade Date of April 27, 2020, Cboe Futures Exchange, LLC (“CFE”) will add a new Contract Date field to all Futures Instrument Definition messages sent on the Multicast PITCH and TOP market data feeds. This field will also be included in all Futures Instrument Definition messages received over SPIN and GRP recovery ports. Please click the title for complete details.

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.