Federal Register #SR-CboeBZX-2026-053

SEC Notice: Proposed Rule Change by Cboe BZX Exchange, Inc. on Order Handling Rules

This notice concerns a proposed regulatory rule change by Cboe BZX Exchange, Inc., published by the Securities and Exchange Commission (SEC): - Government buyer: - Securities and Exchange Commission (SEC) - OEMs and vendors: - Cboe BZX Exchange, Inc. (the only organization mentioned) - Products/services requested: - No products or services are being procured; this is a regulatory rule change proposal - Key details of the proposed rule change: - Amends Rule 11.9(d) to allow Intermarket Sweep Orders (ISOs) to be entered as non-displayed orders - Establishes the price level at which the system will consider an ISO available for other orders - Amends Rule 11.9(g)(4) to permit non-displayed orders to re-price to more aggressive prices - Public comments are invited on the proposed changes - No procurement, contract, or acquisition activity is involved in this notice - Cboe BZX Exchange, Inc. is the only OEM or vendor referenced

Description

This notice pertains to a proposed rule change filed by Cboe BZX Exchange, Inc. The proposal seeks to amend Rule 11.9(d) to allow Intermarket Sweep Orders (ISOs) to be entered as non-displayed orders. Additionally, it aims to establish the price level at which the system will consider an ISO available for other orders to be entered. The rule change also includes amendments to Rule 11.9(g)(4) to permit non-displayed orders to re-price to more aggressive prices.

View original listing