Federal Register #SR-CBOE-2026-004

SEC Review of Cboe Exchange Proposal for VIX Future-Option Orders

This notice announces that the Securities and Exchange Commission (SEC) is initiating proceedings to determine whether to approve or disapprove a proposed rule change from Cboe Exchange, Inc. regarding VIX future-option orders. - Government Buyer: - Securities and Exchange Commission (SEC) - Proposal Details: - Cboe Exchange, Inc. seeks to amend its rules to permit VIX future-option orders - These orders would allow investors to execute combined transactions involving VIX options (on Cboe) and VIX futures (on Cboe Futures Exchange, LLC) - The mechanism is designed to reduce execution and price risks by ensuring both components are executed together - Regulatory Context: - The SEC is soliciting public comments to assess whether the rule change aligns with Section 6(b)(5) of the Securities Exchange Act - The focus is on preventing fraudulent and manipulative acts, promoting equitable trading, and protecting investors - No procurement activity: - No OEMs, vendors, products, or purchase quantities are referenced, as this is a regulatory notice, not a procurement opportunity

Description

The Securities and Exchange Commission (SEC) has issued an order instituting proceedings to determine whether to approve or disapprove a proposed rule change by Cboe Exchange, Inc. The proposal seeks to amend exchange rules to permit VIX future-option orders, which combine VIX options and VIX futures into a single order to reduce execution and price risks. The SEC is soliciting public comments on the proposal to assess its consistency with securities laws and principles of fair trading.

View original listing