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-2020-118
- December 16, 2020
- The Exchange proposes to list and trade options that overlie the Mini-Russell 2000 Index (“Mini-RUT” or “MRUT”).
- SR-CBOE-2020-117 Amendment No. 1
- March 30, 2021
- The Exchange proposes an amendment to SR-CBOE-2020-117.
- SR-CBOE-2020-117
- December 23, 2020
- The Exchange proposes to amend certain Rules to accommodate the listing and trading of index options with an index multiplier of one.
- SR-CBOE-2020-116 Amendment No. 1
- January 28, 2021
- The Exchange proposes an amendment to SR-CBOE-2020-116.
- SR-CBOE-2020-116
- December 18, 2020
- The Exchange proposes to add options on the Mini-Russell 2000 Index (“Mini-RUT” or “MRUT”) to its P.M. Pilot Program.
- SR-CBOE-2020-115
- December 4, 2020
- The Exchange proposes to amend the Fees Schedule with respect to certain fees related to Qualified Contingent Cross orders the Exchange’s LMM incentive programs.
- SR-CBOE-2020-114
- December 1, 2020
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2020-112
- November 30, 2020
- The Exchange proposes to adopt temporary Rules to extend the time by which TPHs must complete their office inspections for the calendar year 2020 and to provide temporary remote inspection relief for their 2020 2021 office inspections.
- SR-CBOE-2020-111
- November 16, 2020
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2020-109
- November 3, 2020
- The Exchange proposes to amend its Interpretations and Policies to Rule 5.33 in connection with Market-Makers’ complex orders, quoting obligations and volume.
- SR-CBOE-2020-108
- November 2, 2020
- The Exchange proposes to amend certain fees related to transactions in Mini-SPX Index (“XSP”) options.
- SR-CBOE-2020-107
- October 28, 2020
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2020-105
- October 26, 2020
- The Exchange proposes to amend its Fees Schedule in connection with migration.
- SR-CBOE-2020-103
- October 16, 2020
- The Exchange proposes to extend the operation of its Flexible Exchange Options pilot program regarding permissible exercise settlement values for FLEX Index Options.
- SR-CBOE-2020-102
- October 14, 2020
- The Exchange proposes to amend Rule 5.1.
- SR-CBOE-2020-101
- October 12, 2020
- The Exchange proposes to renew an existing pilot program until May 3, 2021.
- SR-CBOE-2020-100
- October 12, 2020
- The Exchange proposes to extend the operation of its SPXPM pilot program.
- SR-CBOE-2020-099
- October 13, 2020
- The Exchange proposes to amend Rule 5.34 in connection with its debit/credit price reasonability check.
- SR-CBOE-2020-098
- October 8, 2020
- The Exchange proposes to extend the pilot period related to the market-wide circuit breaker in Rule 5.22.
- SR-CBOE-2020-097
- October 8, 2020
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2020-095
- October 7, 2020
- The Exchange proposes to amend its Fees Schedule to adopt new fee codes related to the execution of equity legs of a stock-option order.
- SR-CBOE-2020-094
- October 5, 2020
- The Exchange proposes to amend the drill-through mechanism to permit orders to rest in the book or COB, as applicable, for multiple time periods and at more aggressive displayed prices during each time period, and to permit orders to route to PAR following the conclusion of the drill-through mechanism.
- SR-CBOE-2020-092
- October 1, 2020
- The Exchange proposes to extend effectiveness of temporary rules applicable if the trading floor is inoperable until December 31, 2020.
- SR-CBOE-2020-091
- September 30, 2020
- The Exchange proposes to amend Rule 5.1.
- SR-CBOE-2020-090
- September 30, 2020
- The Exchange proposes to permit the closing mark for certain index options to be calculated 15 minutes prior to the close of trading.
- SR-CBOE-2020-089
- September 30, 2020
- The Exchange proposes to amend its Fees Schedule with respect to its strategy fee cap.
- SR-CBOE-2020-088
- September 23, 2020
- The Exchange proposes to update its Fees Schedule in connection with the Exchange’s plans to list and trade options on the S&P 500 ESG Index (“SPESG”).
- SR-CBOE-2020-085
- September 1, 2020
- The Exchange proposes to adopt fees for Cboe Silexx.
- SR-CBOE-2020-084
- September 1, 2020
- The Exchange proposes to amend its Fees Schedule with respect to its strategy fee cap.
- SR-CBOE-2020-081
- August 31, 2020
- The Exchange proposes a rule change to extend effectiveness of temporary rules that apply if the trading floor is inoperable until September 30.
- SR-CBOE-2020-080
- August 27, 2020
- The Exchange proposes to list and trade options that overlie the S&P 500 ESG Index.
- SR-CBOE-2020-078
- August 10, 2020
- The Exchange proposes to amend its Fees Schedule to adopt a new fee code related to the execution of an equity leg of a stock-option order.
- SR-CBOE-2020-077
- August 5, 2020
- The Exchange proposes to amend Rule 5.34 (Order and Quote Price Protection Mechanisms and Risk Controls) in connection with sell market orders in no-bid series.
- SR-CBOE-2020-076
- August 3, 2020
- The Exchange proposes to adopt fees for a recently adopted data product known as Intraday Open-Close Data.
- SR-CBOE-2020-074
- August 19, 2020
- The Exchange proposes to adopt Compression orders.
- SR-CBOE-2020-073
- July 30, 2020
- The Exchange proposes a rule change to amend the definition of FDID in the CAT Compliance Rule.
- SR-CBOE-2020-072 Amendment No. 1
- October 9, 2020
- The Exchange proposes an amendment to SR-CBOE-2020-072.
- SR-CBOE-2020-072
- July 30, 2020
- The Exchange proposes to amend its rules relating to the processing of auction responses.
- SR-CBOE-2020-071 Amendment No. 1
- September 24, 2020
- The Exchange proposes an amendment to SR-CBOE-2020-071.
- SR-CBOE-2020-071
- July 30, 2020
- The Exchange proposes to amend the Fifth Amended and Restated Bylaws of its parent corporation, Cboe Global Markets, Inc.
- SR-CBOE-2020-070
- July 29, 2020
- The Exchange proposes a rule change to introduce a new data product to be known as Intraday Open-Close Data.
- SR-CBOE-2020-069
- July 21, 2020
- The Exchange proposes to amend its Fees Schedule relating to the Options Regulatory Fee.
- SR-CBOE-2020-068
- July 17, 2020
- The Exchange proposes to amend Rule 10.3 by extending the Credit Option Margin Pilot Program through September 1, 2021.
- SR-CBOE-2020-067
- July 17, 2020
- The Exchange proposes to permit off-floor position transfers between accounts for the same person without providing notice to the Exchange and at any time.
- SR-CBOE-2020-066
- July 2, 2020
- The Exchange proposes to amend Rule 5.24.
- SR-CBOE-2020-065
- July 2, 2020
- The Exchange proposes to add the Consolidated Audit Trail (“CAT”) industry member compliance rules to the list of minor rule violations in Rule 13.15.
- SR-CBOE-2020-063
- July 1, 2020
- The Exchange proposes to amend Rule 8.16 and Rule 9.2 to temporarily extend the filing requirements for certain supervision-related reports, currently given an extension through June 30, 2020, to July 31, 2020.
- SR-CBOE-2020-062
- July 1, 2020
- The Exchange proposes to amend the Silexx trading platform Fees Schedule.
- SR-CBOE-2020-061
- July 1, 2020
- The Exchange proposes to amend its Fees Schedule with respect to expiring fee waivers and incentive programs.
- SR-CBOE-2020-060 Amendment No. 1
- August 13, 2020
- The Exchange proposes an amendment to SR-CBOE-2020-060.
- SR-CBOE-2020-060
- July 1, 2020
- The Exchange proposes to adopt Related Futures Cross (“RFC”) Orders.
- SR-CBOE-2020-059
- June 24, 2020
- The Exchange proposes to amend the CAT Compliance Rule to be consist with certain proposed amendments to and exemptions from the CAT NMS Plan as well as to facilitate the retirement of certain existing regulatory systems.
- SR-CBOE-2020-058
- June 24, 2020
- The Exchange proposes to amend its fees schedule.
- SR-CBOE-2020-055 Amendment No. 3
- November 2, 2020
- The Exchange proposes a third amendment to SR-CBOE-2020-055.
- SR-CBOE-2020-055 Amendment No. 2
- August 21, 2020
- The Exchange proposes a second amendment to SR-CBOE-2020-055.
- SR-CBOE-2020-055 Amendment No. 1
- July 23, 2020
- The Exchange proposes an amendment to SR-CBOE-2020-055.
- SR-CBOE-2020-055
- June 12, 2020
- The Exchange proposes a rule change that adopts virtual trading floor functionality.
- SR-CBOE-2020-054
- June 11, 2020
- The Exchange proposes to amend Rule 5.4 to conform the rule to Section 3.1 of the Plan for the Purpose of Developing and Implementing Procedures Designed to Facilitate the Listing and Trading of Standardized Options (the “OLPP”) and add new Rule 5.4(d).
- SR-CBOE-2020-053
- June 10, 2020
- The Exchange proposes to amend Rule 6.1 in order to provide for a consistent documentation of open outcry execution information in the event of an Exchange system malfunction or disruption.
- SR-CBOE-2020-052 Amendment No. 1
- July 22, 2020
- The Exchange proposes an amendment to SR-CBOE-2020-052.
- SR-CBOE-2020-052
- June 3, 2020
- The Exchange proposes to amend Rules 5.37, 5.38 and Rule 5.73.
- SR-CBOE-2020-051 Amendment No. 2
- December 11, 2020
- The Exchange proposes a second amendment to SR-CBOE-2020-051.
- SR-CBOE-2020-051 Amendment No. 1
- July 23, 2020
- The Exchange proposes an amendment to SR-CBOE-2020-051.
- SR-CBOE-2020-051
- June 11, 2020
- The Exchange proposes to amend its automated price improvement auction rules in connection with Agency Order size requirements.
- SR-CBOE-2020-050 Amendment No. 2
- July 22, 2020
- The Exchange proposes a second amendment to SR-CBOE-2020-050.
- SR-CBOE-2020-050 Amendment No. 1
- July 2, 2020
- The Exchange proposes an amendment to SR-CBOE-2020-050.
- SR-CBOE-2020-050
- June 3, 2020
- The Exchange proposes to amend Rules 5.37 and 5.73.
- SR-CBOE-2020-049
- May 29, 2020
- The Exchange proposes to amend Rule 8.16 and Rule 9.2 to temporarily extend the filing requirements for certain supervision-related reports, currently given an extension through June 1, 2020, to June 30, 2020.
- SR-CBOE-2020-047
- May 15, 2020
- The Exchange proposes to extend until June 30, 2020 the effectiveness of various temporary rules in place while the trading floor is closed.
- SR-CBOE-2020-046
- May 14, 2020
- The Exchange proposes to amend its debit/credit price reasonability check.
- SR-CBOE-2020-045
- May 1, 2020
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2020-044
- May 1, 2020
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2020-043
- May 1, 2020
- The Exchange proposes to amend the Silexx trading platform Fees Schedule.
- SR-CBOE-2020-042
- April 28, 2020
- The Exchange proposes to amend Rule 6.9 to permit in-kind transfers of positions off of the Exchange in connection with unit investment trusts (UITs).
- SR-CBOE-2020-041
- April 24, 2020
- The Exchange proposes to amend its definition of bulk messages in Rule 1.1 and amend Rule 5.5(c)(3).
- SR-CBOE-2020-040
- April 20, 2020
- The Exchange proposes to add a new version of the Silexx platform.
- SR-CBOE-2020-039
- April 16, 2020
- The Exchange proposes to extend the operation of its FLEX Options pilot program regarding permissible exercise settlement values for FLEX Index Options.
- SR-CBOE-2020-037
- April 13, 2020
- The Exchange proposes to remove its optional daily risk limits pursuant to Rule 5.34.
- SR-CBOE-2020-036
- April 13, 2020
- The Exchange proposes to extend the operation of its SPXPM pilot program.
- SR-CBOE-2020-035
- April 13, 2020
- The Exchange proposes to The Exchange proposes to renew the existing nonstandard expirations pilot programs until November 2, 2020.
- SR-CBOE-2020-033
- April 7, 2020
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2020-032
- April 1, 2020
- The Exchange proposes to amend its Fee Schedule.
- SR-CBOE-2020-031
- March 31, 2020
- The Exchange proposes to amend Rule 5.24.
- SR-CBOE-2020-029
- March 30, 2020
- The Exchange proposes to adopt a rule to allowing the Exchange to determine to extend filing and reporting deadlines as provided in the Exchange Rules.
- SR-CBOE-2020-027
- March 26, 2020
- The Exchange proposes to amend Rule 6.6 in connection with updates permitted through the Clearing Editor.
- SR-CBOE-2020-026
- March 26, 2020
- The Exchange proposes to amend Rule 5.24.
- SR-CBOE-2020-025
- March 26, 2020
- The Exchange proposes to amend Interpretation and Policy .01 to Rule 5.24 in connection with business continuity and disaster recovery testing.
- SR-CBOE-2020-024
- March 23, 2020
- The Exchange proposes to amend its Fees Schedule with respect to Related Future Cross order pricing.
- SR-CBOE-2020-023
- March 20, 2020
- The Exchange proposes a rule change that will permit VIX and SPX option combos to be executed upon entry without exposure when tied to an exchange of contracts for related futures positions.
- SR-CBOE-2020-022
- March 17, 2020
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2020-021
- March 17, 2020
- The Exchange proposes a rule change Proposal related to applicable fees in the event the trading floor is inoperable.
- SR-CBOE-2020-019
- March 13, 2020
- The Exchange proposes to amend Rule 5.24, Disaster Recovery.
- SR-CBOE-2020-018
- March 13, 2020
- The Exchange proposes a rule change to include language within the Silexx Fees Schedule to introduce a free upgrade for users on Silexx Basic to Silexx Pro from March 13, 2020 through April 30, 2020.
- SR-CBOE-2020-017
- March 10, 2020
- The Exchange proposes to amend its rules related to the Automated Improvement Mechanism and Complex Automated Improvement Mechanism.
- SR-CBOE-2020-016
- March 6, 2020
- The Exchange proposes to amend its rules related to the Complex Order Auction.
- SR-CBOE-2020-015 Amendment No. 1
- April 16, 2020
- The Exchange proposes an amendment to SR-CBOE-2020-015.
- SR-CBOE-2020-015
- February 26, 2020
- The Exchange proposes increase position limits for options on certain exchange-traded funds (“ETFs”) and indexes.
- SR-CBOE-2020-014 Amendment No. 1
- May 12, 2020
- The Exchange proposes an amendment to SR-CBOE-2020-014.
- SR-CBOE-2020-014
- February 18, 2020
- The Exchange proposes to adopt a Delta-Adjusted at Close (“DAC”) order instruction that a User may apply to an order when entering it into the System for execution in an electronic or open outcry auction.
- SR-CBOE-2020-013
- February 11, 2020
- The Exchange proposes to modify the sequence in which the System opens SPX series, and permit SPX series to open with unexecuted sell market orders in limited circumstances, on exercise settlement value determination days.
- SR-CBOE-2020-012
- February 10, 2020
- The Exchange proposes to amend its financial incentive programs for Global Trading Hours (“GTH”) Lead Market-Makers (“LMMs”) in VIX options.
- SR-CBOE-2020-011
- February 6, 2020
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2020-007
- January 30, 2020
- The Exchange proposes to amend its Fees Schedule.
- SR-CBOE-2020-006
- February 26, 2020
- The Exchange proposes to make certain non-substantive changes to clean up its Fees Schedule.
- SR-CBOE-2020-002
- January 2, 2020
- The Exchange proposes to amend the opening triggers for its opening rotation process for equity options.
- SR-CBOE-2020-001
- January 2, 2020
- The Exchange proposes to amend its Fees Schedule with respect to expiring fee waivers and incentive programs.