Federal Register #SR-C2-2026-005

SEC Solicitation: Exchange Clock Service Proposal by Cboe C2 Exchange, Inc.

This notice from the Securities and Exchange Commission (SEC) details a proposed rule change by Cboe C2 Exchange, Inc. to introduce an Exchange Clock Service. - Government Buyer: - Securities and Exchange Commission (SEC) - OEM/Vendor: - Cboe C2 Exchange, Inc. (primary service provider) - Products/Services Requested: - Exchange Clock Service - Provides a granular time signal from the Exchange's primary clock - Delivered via a dedicated 1 Gbps physical port - Intended for subscribing participants to synchronize their clocks for improved latency measurement, trade surveillance, and compliance with clock synchronization requirements - Service does not include trading data or alter existing order routing connectivity - Unique/Notable Requirements: - Service is distinct from similar offerings (e.g., MIAX Emerald) by including a dedicated physical port - Focus is on precise time synchronization, not trading data - The SEC is soliciting public comments on the proposal

Description

The Securities and Exchange Commission has filed a proposed rule change by Cboe C2 Exchange, Inc. to introduce an Exchange Clock Service. This service provides participants with a more granular time signal from the Exchange's primary clock via a dedicated 1 Gbps physical port, allowing subscribers to synchronize their own primary clocks for improved latency measurements and trade surveillance. The service does not include trading data and does not modify existing connectivity options for order routing. Comments on the proposal are invited by April 20, 2026.

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