Federal Register #SR-CboeEDGX-2026-021

SEC Notice: Cboe EDGX Exchange Proposed Rule Change for Market-Maker Participation in Auctions

This notice concerns a proposed regulatory rule change by Cboe EDGX Exchange, Inc., published by the Securities and Exchange Commission (SEC): - Government Buyer: - Securities and Exchange Commission (SEC) - Cboe EDGX Exchange, Inc. (self-regulatory organization submitting the proposal) - No OEMs or commercial vendors are involved, as this is not a procurement action. - No products or services are being requested; the notice pertains to amendments of trading rules. - Key Details of the Rule Change: - Amends Rules 21.19 and 21.21 to allow Market-Makers with an appointment in the applicable class to be solicited for initiating orders in simple AIM and SAM auctions. - Aims to enhance price improvement opportunities and increase liquidity for customers. - Maintains protections against misuse of nonpublic information. - Aligns with similar rule changes approved for other exchanges (e.g., NYSE American, Nasdaq). - No purchase quantities, part numbers, or technical product requirements are specified. - No period of performance or contract value is applicable. - Locations referenced: - SEC headquarters in Washington, DC - Cboe EDGX Exchange, Inc. as the rulemaking entity.

Description

This notice announces a proposed rule change by Cboe EDGX Exchange, Inc. to amend Rules 21.19 and 21.21. The amendment permits orders for the accounts of Market-Makers with an appointment in the applicable class to be solicited for the initiating order in simple AIM or simple SAM auctions. The change aims to enhance price improvement opportunities and increase liquidity in these auctions by allowing appointed Market-Makers to participate more fully. The proposal is intended to promote just and equitable principles of trade and protect investors.

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