Federal Register #SR-CBOE-2026-054

Cboe Exchange Rule Change for Equity Options Opening Auction During Global Trading Hours

This notice concerns a proposed rule change by Cboe Exchange, Inc. regarding equity options trading procedures. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs/Vendors Mentioned: - Cboe Exchange, Inc. - Products/Services Requested: - No products or services are being procured; this is a regulatory notice - Key Details: - The rule change amends Rule 5.31 to allow the opening auction for equity options during Global Trading Hours (GTH) to be triggered by transactions and quotes from any equity market, not just the primary market - The amendment is intended to enhance investor access to options markets during extended trading hours and improve market mechanisms - The rule change is effective immediately - Unique/Notable Requirements: - No procurement requirements or purchase quantities are present, as this is not a solicitation for goods or services

Description

The Securities and Exchange Commission has published a notice regarding a proposed rule change by Cboe Exchange, Inc. to amend Rule 5.31. The amendment concerns the opening auction process during Global Trading Hours for equity options, allowing the system to initiate the opening rotation based on disseminated transactions and quotes on any equity market rather than just the primary market. This change aims to provide investors with increased access to options markets during extended trading hours and to perfect the mechanism of a free and open market. The rule change was filed for immediate effectiveness and is intended to protect investors and the public interest.

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