Federal Register #SR-CBOE-2026-028

SEC Proposed Rule Change: Binary Options on Indexes During Extended Trading Hours

This notice concerns a proposed regulatory change by the Securities and Exchange Commission (SEC) affecting trading rules for Cboe Exchange, Inc. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - No OEMs or vendors are involved; this is a regulatory action, not a procurement - Products/Services Requested: - No products or services are being procured - The proposal seeks to amend Rule 5.1 to allow binary options on exclusively listed index options (e.g., S&P 500 Index (SPX), Cboe Volatility Index (VIX), Mini-SPX Index (XSP), Russell 2000 Index (RUT), Mini-RUT Index (MRUT), Cboe Magnificent 10 Index (MGTN), Cboe Bitcoin U.S. ETF Index (CBTX), Cboe Mini Bitcoin U.S. ETF Index (MBTX)) during Global Trading Hours (GTH) and Curb Trading Hours - Unique or Notable Requirements: - Aligns binary options trading hours with those of standard and FLEX options on the same indexes - Addresses technical, regulatory, and competitive implications, including system capacity and surveillance safeguards - No procurement of goods or services; this is a rule change impacting market operations

Description

The Securities and Exchange Commission has filed a proposed rule change by Cboe Exchange, Inc. to amend Rule 5.1 to permit the listing of binary options on exclusively listed index options during global trading hours and curb trading hours. This change aims to enhance trading flexibility and market efficiency by allowing binary options on indexes such as SPX, VIX, and RUT to trade during extended hours. The proposal aligns binary options trading hours with those of standard and FLEX options on the same underlying indexes, providing investors with more opportunities to manage risk and respond to global events.

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