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.