Federal Register #SR-CBOE-2026-067

Cboe Exchange Rule Change on Transaction Reporting Duties for Trading Permit Holders

This notice concerns a proposed rule change by Cboe Exchange, Inc. regarding transaction reporting duties for Trading Permit Holders (TPHs): - Government buyer: Securities and Exchange Commission (SEC) - No OEMs, vendors, or commercial products are involved; this is a regulatory action - The rule change amends Cboe's requirements for TPHs to clarify: - What information must be reported within 90 seconds for OPRA (Options Price Reporting Authority) dissemination - What additional information may be reported within five minutes, particularly for complex trades involving multiple contra parties - The intent is to provide TPHs with more time to report complex trade details without affecting the Exchange's ability to match and clear trades - The rule change is filed as non-controversial and is effective immediately upon filing - No procurement, products, or services are being requested

Description

This notice announces a proposed rule change filed by Cboe Exchange, Inc. to amend its rules concerning the transaction reporting duties of Trading Permit Holders (TPHs). The amendments clarify the timing and content of transaction reports that TPHs must submit, particularly distinguishing between information reported within 90 seconds for OPRA dissemination and additional information that may be reported within five minutes. The rule change aims to provide TPHs additional time to report complex trade information without impacting the Exchange's ability to match and clear trades. The proposal is filed as a non-controversial rule change and is effective immediately upon filing.

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