Cboe Options Exchanges 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
- SR-CBOE-2024-015
- March 19, 2024
- The Exchange proposes to amend Rule 5.33.
- SR-CBOE-2024-008
- February 13, 2024
- The Exchange proposes to adopt a new rule regarding order and execution management systems (“OEMS”).
- SR-CBOE-2024-005
- January 8, 2024
- The Exchange proposes to permit Cboe to list and trade options on ETPs that hold bitcoin.
- SR-CBOE-2024-003
- January 2, 2024
- The Exchange proposes to adopt a CAT Fee Schedule.
- SR-CBOE-2023-063
- November 29, 2023
- The Exchange proposes to modify position limits for equity options.
Approved and Immediately Effective Rule Changes
- SR-CBOE-2019-127
- December 20, 2019
- The Exchange proposes a rule change to adopt certain linkage fee codes.
- SR-CBOE-2019-126
- December 19, 2019
- The Exchange proposes a rule change to adopt an Index Combo order.
- SR-CBOE-2019-125
- December 18, 2019
- The Exchange proposes to amend the Silexx trading platform Fees Schedule.
- SR-CBOE-2019-124
- December 18, 2019
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2019-123
- December 17, 2019
- The Exchange proposes to amend Rule 8.10 to remove the attestation filing requirements in connection with TPHs' policy and procedures regarding the misuse of material, nonpublic information.
- SR-CBOE-2019-122
- December 12, 2019
- The Exchange proposes to continue listing classes of options on the MSCI Emerging Markets (“EM”) Index.
- SR-CBOE-2019-119
- December 10, 2019
- The Exchange proposes to amend Rule 5.4 by extending the Penny Pilot Program through June 30, 2020.
- SR-CBOE-2019-118
- December 19, 2019
- The Exchange proposes to correct certain erroneous cross-references, add inadvertently omitted rule text, and conforms the use of certain defined terms.
- SR-CBOE-2019-117
- December 6, 2019
- The Exchange proposes a rule change to permit FLEX Traders to enter leg prices of FLEX complex orders following execution rather than upon systemization.
- SR-CBOE-2019-116
- December 5, 2019
- The Exchange proposes to amend Rule 8.12 to conform to the FinCEN's adoption of a final rule on Customer Due Diligence Requirements for Financial Institutions.
- SR-CBOE-2019-115
- December 4, 2019
- The Exchange proposes to amend the Maximum Composite Width Check of the opening rotation as provided in subparagraph (e)(1) of Exchange Rule 5.31.
- SR-CBOE-2019-113
- December 2, 2019
- The Exchange proposes to amend the Silexx trading platform Fees Schedule.
- SR-CBOE-2019-110
- December 2, 2019
- The Exchange proposes a rule change to amend the opening trigger for VIX options.
- SR-CBOE-2019-109
- November 15, 2019
- The Exchange proposes to amend its financial incentive programs for Global Trading Hours Lead Market-Makers in VIX.
- SR-CBOE-2019-108
- November 4, 2019
- The Exchange proposes to extend the operation of its Flexible Exchange Options (“FLEX Options”) pilot program regarding permissible exercise settlement values for FLEX Index Options.
- SR-CBOE-2019-107
- November 1, 2019
- The Exchange proposes to extend the operation of its SPXPM pilot program.
- SR-CBOE-2019-106
- November 1, 2019
- The Exchange proposes to amend its Fees Schedule in connection with migration.
- SR-CBOE-2019-105
- November 1, 2019
- The Exchange proposes to amend its Fee Schedule.
- SR-CBOE-2019-104
- October 31, 2019
- The Exchange proposes to renew an existing pilot program until May 4, 2020.
- SR-CBOE-2019-103
- October 31, 2019
- The Exchange proposes to waive paper and ink fees.
- SR-CBOE-2019-102
- October 29, 2019
- The Exchange proposes to amend the fat finger check in Rule 5.34 as it applies to Stop-Limit orders.
- SR-CBOE-2019-100
- October 16, 2019
- The Exchange proposes to extend the pilot period related to the market-wide circuit breaker in Rule 5.22.
- SR-CBOE-2019-099
- October 7, 2019
- The Exchange proposes to amend and consolidate various Exchange Rules relating to Trading Permit Holder membership, registration and participants and move those Rules from the currently effective Rulebook to proposed Chapter 3 of the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-098
- October 4, 2019
- The Exchange proposes to amend the appointment weight table in Rule 5.50 in the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-096
- October 4, 2019
- The Exchange proposes to to make minor updates and consolidate various Exchange Rules in connection with business conduct on the Exchange, and move those Rules from the currently effective Rulebook to proposed Chapter 8 of the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-095
- October 4, 2019
- The Exchange proposes to relocate various Exchange Rules from the currently effective Rulebook to the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-094
- October 4, 2019
- The Exchange proposes to amend its Fees schedule to modify certain processes and requirements relating to the submission of rebate requests.
- SR-CBOE-2019-093
- October 4, 2019
- The Exchange proposes a rule change to amend FLEX AIM and SAM auctions in connection with upcoming technology migration.
- SR-CBOE-2019-092
- October 4, 2019
- The Exchange proposes to make minor amendments to and relocate certain rules related to the listing of index options (including binary and range options) from the currently effective Rulebook to proposed Chapter 4, Section B of the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-091
- October 3, 2019
- The Exchange proposes to amend the name of a reporting authority for certain indexes on which the Exchange may list options.
- SR-CBOE-2019-090
- October 3, 2019
- The Exchange proposes to move the Rules in Chapter V of the currently effective Rulebook, which governs securities dealt in on the Exchange, to proposed Section A of Chapter 4 of the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-089
- October 3, 2019
- The Exchange proposes to to move certain Rules in Chapter XXIX, which governs Credit Option contracts, of the currently effective Rulebook to proposed Section E of Chapter 4 of the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-088
- October 3, 2019
- The Exchange proposes to move current Chapter 9 (governing doing business with the public and TPH registration) from its current Rulebook to proposed Chapter 9 and, in part, proposed Chapter 3 of its shell Rulebook for the October 7, 2019 migration.
- SR-CBOE-2019-087
- October 3, 2019
- The Exchange proposes to move certain Rules in Chapter XXIII of the currently effective Rulebook, which governs interest rate options, to proposed Section G of Chapter 4 of the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-086
- October 3, 2019
- The Exchange proposes to move certain Rules in Chapter XXI of the currently effective Rulebook, which governs Government securities options, to proposed Section F of Chapter 4 of the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-085
- October 3, 2019
- The Exchange proposes to move certain Rules in Chapter XXVIII of the currently effective Rulebook, which governs Corporate Debit Security options, to proposed Section D of Chapter 4 of the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-084
- October 2, 2019
- The Exchange proposes a rule change to amend FLEX rules in connection with the exchange's upcoming system migration.
- SR-CBOE-2019-083
- October 2, 2019
- The Exchange proposes to amend its financial incentive programs for Global Trading Hours Lead Market-Makers.
- SR-CBOE-2019-082
- October 2, 2019
- The Exchange proposes to amend its Fees Schedule in connection with migration.
- SR-CBOE-2019-081
- October 1, 2019
- The Exchange proposes minor updates and to consolidate various Rules in connection generally with options trading, including trading halts and the Plan, and move such Rules from the current Rulebook to the shell Rulebook for the October 7, 2019 migration.
- SR-CBOE-2019-080
- October 1, 2019
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2019-078
- October 1, 2019
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2019-076
- October 1, 2019
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2019-074
- September 30, 2019
- The Exchange proposes a rule change that updates the name of the Cboe entity that acts as a reporting authority for indexes on which the Exchange may list options from Cboe Exchange, Inc. to Cboe Global Indices, LLC.
- SR-CBOE-2019-073
- September 27, 2019
- The Exchange proposes a change in connection with rules covering regulatory reports, records, and audits, and to move those Rules from the current Rulebook to Chapter 7 of the shell Rulebook that will become effective upon the October 7, 2019 migration.
- SR-CBOE-2019-072
- September 27, 2019
- The Exchange proposes to make minor updates to and relocate Chapter XIX, which governs the hearings and review process for persons aggrieved by Exchange action, of the currently effective Rulebook to proposed Chapter 15 of the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-071
- September 26, 2019
- The Exchange proposes to make minor updates and consolidate various Exchange Rules in connection with the post-transaction process on the Exchange, and move those Rules from the currently effective Rulebook to proposed Chapter 6 of the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-070
- September 26, 2019
- The Exchange proposes to amend certain rules in connection with Market-Makers in the shell Rulebook.
- SR-CBOE-2019-069
- September 30, 2019
- The Exchange proposes to move the Rules in Chapter XII, which governs margin requirements, of the currently effective Rulebook to proposed Chapter 10 of the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-068
- September 26, 2019
- The Exchange proposes to move the Rules in Chapter XVII, which governs Exchange disciplinary procedures, of the currently effective Rulebook to proposed Chapter 13 of the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-067
- September 25, 2019
- The Exchange proposes to move Rule 10.2 and the Rules in Chapter XVI of the currently effective Rulebook, which governs the summary suspension of Trading Permit Holders, to proposed Chapter 12 of the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-066
- September 25, 2019
- The Exchange proposes to move the Rules in Chapter XIII of the currently effective Rulebook, which governs net capital requirements, to proposed Chapter 11 of the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-065
- September 25, 2019
- The Exchange proposes to move the Rules in Chapter XVIII, which governs Exchange arbitrations, of the currently effective Rulebook to proposed Chapter 14 of the shell structure for the Exchange’s Rulebook that will become effective upon migration.
- SR-CBOE-2019-064
- September 23, 2019
- The Exchange proposes a rule change to amend the Solicited Auction Mechanism for complex orders (“C-SAM”) in connection with the upcoming system migration.
- SR-CBOE-2019-063
- September 24, 2019
- The Exchange proposes a rule change to amend the Solicited Auction Mechanism (“SAM”) in connection with the upcoming system migration.
- SR-CBOE-2019-062
- September 18, 2019
- The Exchange proposes to amend certain Clearing Editor functionality in Rule 6.6 of the shell Rulebook.
- SR-CBOE-2019-061
- September 13, 2019
- The Exchange proposes to add a new version of the Silexx platform to support FLEX Options trading.
- SR-CBOE-2019-060
- September 6, 2019
- The Exchange proposes a rule change to amend the Exchange's complex order rules in connection with its upcoming system migration.
- SR-CBOE-2019-059
- September 6, 2019
- The Exchange proposes to amend and move certain current Rules in connection with Market-Makers from the currently effective Rulebook to the shell structure for the Rulebook that will become effective upon the migration of the Cboe Affiliated Exchanges.
- SR-CBOE-2019-058
- September 6, 2019
- The Exchange proposes to amend its Rules regarding cabinet trading and move those Rules from the currently effective Rulebook to the shell Rulebook that will become effective upon the October 7, 2019 technology migration.
- SR-CBOE-2019-057
- September 5, 2019
- The Exchange proposes to amend rules regarding price protections and risk controls, and moves those Rules from the currently effective Rulebook to the shell Rulebook for Oct. 7, 2019 migration.
- SR-CBOE-2019-056
- September 5, 2019
- The Exchange proposes to update its rule regarding the Cboe Trade Match System and move the rule from the currently effective Rulebook to the shell Rulebook that will become effective upon the technology migration on October 7, 2019.
- SR-CBOE-2019-055
- September 5, 2019
- The Exchange proposes to amend Rule 4.10(b) regarding the notice requirement in connection with TPHs that clear Market-Maker trades.
- SR-CBOE-2019-054
- August 29, 2019
- The Exchange proposes that the dissemination of end-of-day indicative values via the Options Price Reporting Authority (“OPRA”) will not be discontinued pursuant to SR-CBOE-2019-046.
- SR-CBOE-2019-052
- August 28, 2019
- The Exchange proposes to remove obsolete fees and references in the Cboe Options Fees Schedule.
- SR-CBOE-2019-051
- August 28, 2019
- The Exchange proposes a rule change to amend the AIM Auction for complex orders in connection with the upcoming system migration.
- SR-CBOE-2019-050
- August 23, 2019
- The Exchange proposes to amend the Rules regarding routing services, including the Hybrid Agency Liaison (HAL) system, and move those Rules from the currently effective Rulebook to the shell Rulebook to be effective upon migration.
- SR-CBOE-2019-049 Amendment No. 2
- October 11, 2019
- The Exchange proposes a second amendment to SR-CBOE-2019-049.
- SR-CBOE-2019-049 Amendment No. 1
- October 10, 2019
- The Exchange proposes an amendment to SR-CBOE-2019-049.
- SR-CBOE-2019-049
- August 21, 2019
- The Exchange proposes to make permanent certain options market rules that are linked to the equity market Plan to Address Extraordinary Market Volatility.
- SR-CBOE-2019-048 Amendment No. 3
- October 7, 2019
- The Exchange proposes a third amendment to SR-CBOE-2019-048.
- SR-CBOE-2019-048 Amendment No. 2
- October 2, 2019
- The Exchange proposes a second amendment to SR-CBOE-2019-048.
- SR-CBOE-2019-048
- September 6, 2019
- The Exchange proposes to adopt Rule 6.49C.
- SR-CBOE-2019-047
- August 13, 2019
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2019-046
- August 12, 2019
- The Exchange proposes to amend and move certain Rules in connection with end-of-month and end-of-day indicative values from the currently effective Rulebook to the shell Rulebook that will become effective upon migration.
- SR-CBOE-2019-045
- September 11, 2019
- The Exchange proposes a rule change that amends Cboe Options’ Automated Improvement Mechanism (AIM) in connection with the upcoming system migration.
- SR-CBOE-2019-044
- August 6, 2019
- The Exchange proposes a rule change to adopt Rule 6.49B.
- SR-CBOE-2019-043
- August 7, 2019
- The Exchange proposes to amend the ability to submit Frequent Trader Forms.
- SR-CBOE-2019-042
- August 14, 2019
- The Exchange proposes a rule change that amends Cboe’s rule related to open outcry trading and PAR routing in connection with the upcoming system migration.
- SR-CBOE-2019-039
- August 1, 2019
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2019-038
- July 22, 2019
- The Exchange proposes to amend its maintenance listing standards for options on certain indexes under Rule 24.2.01(b)(2).
- SR-CBOE-2019-037
- July 16, 2019
- The Exchange proposes to amend Rule 12.3 by extending the Credit Option Margin Pilot Program through July 20, 2020.
- SR-CBOE-2019-036
- July 3, 2019
- The Exchange proposes to amend Rule 6.21 relating to Give Ups.
- SR-CBOE-2019-035 Amendment No. 2
- October 7, 2019
- The Exchange proposes a second amendment to SR-CBOE-2019-035.
- SR-CBOE-2019-035 Amendment No. 1
- August 6, 2019
- The Exchange proposes an amendment to SR-CBOE-2019-035.
- SR-CBOE-2019-035
- July 3, 2019
- The Exchange proposes to amend the Exchange’s rules regarding off-floor position transfers, including transfers intended to reduce RWA.
- SR-CBOE-2019-034 Amendment No. 3
- August 28, 2019
- The Exchange proposes a third amendment to SR-CBOE-2019-034.
- SR-CBOE-2019-034 Amendment No. 2
- August 20, 2019
- The Exchange proposes a second amendment to SR-CBOE-2019-034.
- SR-CBOE-2019-034 Amendment No. 1
- August 15, 2019
- The Exchange proposes an amendment to SR-CBOE-2019-034.
- SR-CBOE-2019-034
- July 2, 2019
- The Exchange proposes to amend the Exchange’s opening process, including the VIX derivative settlement process, in connection with the upcoming system migration.
- SR-CBOE-2019-033
- July 1, 2019
- The Exchange proposes to amend the Exchange’s rules regarding the electronic processing of simple orders and regarding connectivity to the Exchange in connection with the upcoming System migration.
- SR-CBOE-2019-032
- July 1, 2019
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2019-031
- June 28, 2019
- The Exchange proposes to amend its Fees Schedule with respect to expiring fee waivers and incentive programs.
- SR-CBOE-2019-030
- June 25, 2019
- The Exchange proposes to adopt rules related to the inbound and outbound router for Cboe Options, as well as seek approval from the Securities and Exchange Commission for affiliate, Trading, Inc. (“Cboe Trading”), to become a Trading Permit Holder of the Exchange.
- SR-CBOE-2019-029
- June 6, 2019
- The Exchange proposes to amend certain rules relating to the registration of Trading Permit Holders.
- SR-CBOE-2019-028
- June 10, 2019
- The Exchange proposes to amend Rule 6.42 by extending the Penny Pilot Program through December 31, 2019.
- SR-CBOE-2019-027
- June 7, 2019
- The Exchange proposes to amend and move certain current Rules from the Exchange’s currently effective Rulebook to the shell structure for the Exchange’s Rulebook that will become effective upon the migration of the Exchange’s trading platform to the same system used by the Cboe Affiliated Exchanges.
- SR-CBOE-2019-026
- April 25, 2019
- The Exchange proposes to amend its fee schedule to adopt reduced subscription fees for academics for the sale of Historical Cboe Open-Close volume data.
- SR-CBOE-2019-025
- April 17, 2019
- The Exchange proposes to amend Chapter 17 of the Cboe Options Rules.
- SR-CBOE-2019-024
- April 16, 2019
- The Exchange proposes a rule change to eliminate the Exchange’s on-floor position transfer process.
- SR-CBOE-2019-023
- April 10, 2019
- The Exchange proposes to extend the operation of its SPXPM pilot program.
- SR-CBOE-2019-022
- April 10, 2019
- The Exchange proposes to renew The Nonstandard Expirations Pilot Program.
- SR-CBOE-2019-021
- April 10, 2019
- The Exchange proposes to extend the operation of its Flexible Exchange Options (“FLEX Options”) pilot program regarding permissible exercise settlement values for FLEX Index Options.
- SR-CBOE-2019-020
- April 9, 2019
- The Exchange proposes to extend the pilot for certain options market rules that are linked to the LULD Plan.
- SR-CBOE-2019-019
- March 29, 2019
- Proposal to amend the Select Customer Options Reduction program.
- SR-CBOE-2019-018
- March 22, 2019
- Proposal to amend Rule 6.42, Interpretation and Policy .04 to specify that replacement issues may be added to the Penny Pilot Program on a quarterly basis.
- SR-CBOE-2019-017
- April 10, 2019
- The Exchange proposes to update defined terms in its Rules, delete obsolete and redundant language and make other nonsubstantive changes.
- SR-CBOE-2019-016
- March 14, 2019
- Proposal to amend Cboe Options Rule 6.2.
- SR-CBOE-2019-015
- March 6, 2019
- Proposal to allow for $1 strike prices above $200 on additional options on Units of certain exchange-traded fund products.
- SR-CBOE-2019-014
- March 4, 2019
- Proposal to delete rules that are no longer necessary in the review of large positions in broad-based index options.
- SR-CBOE-2019-013
- February 21, 2019
- Proposal 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.
- SR-CBOE-2019-012
- February 11, 2019
- Proposal to amend its fees schedule.
- SR-CBOE-2019-011
- February 7, 2019
- Proposal to amend a Sector Index transaction fee.
- SR-CBOE-2019-008
- February 1, 2019
- Proposal to amend Order Routing Subsidy Program and Complex Order Routing Subsidy Program to exclude subsidy payments for contracts executed as Qualified Contingent Cross orders.
- SR-CBOE-2019-006
- February 1, 2019
- Proposal to amend the MSCI LMM Fee Program.
- SR-CBOE-2019-004
- January 29, 2019
- Proposal to amend its Fees Schedule relating to the Options Regulatory Fee.
- SR-CBOE-2019-003
- January 29, 2019
- Proposal to amend its fees schedule.
- SR-CBOE-2019-002
- January 29, 2019
- Proposal to establish fees for a recently added option that overlies the S&P Select Sector Index options.
- SR-CBOE-2019-001
- January 11, 2019
- Proposal to amend the Tenth Amended and Restated Bylaws and the Fourth Amended and Restated Bylaws.