Federal Register #SR-CBOE-2026-068

SEC Notice: Proposed Rule Change by Cboe Exchange, Inc. to Amend Fees Schedule

The Securities and Exchange Commission (SEC) is announcing a proposed rule change submitted by Cboe Exchange, Inc. to amend its fees schedule for options trading. - Government Buyer: - Securities and Exchange Commission (SEC) - OEM/Vendor: - Cboe Exchange, Inc. - Products/Services Requested: - Fee schedule amendments for Cboe Magnificent 10 Index options (MGTN options) - Decrease customer order fee from $0.16 to $0.10 per contract - Introduce $0.10 per contract fee for certain market-maker orders - Amendments to Lead Market Maker (LMM) Incentive Programs for VIX, VIXW, SPX, and SPXW options during Global Trading Hours (GTH) - Changes to quoting standards and rebate eligibility - Adjusted rebate amounts for LMMs based on new quoting standards - Unique/Notable Requirements: - Specific fee changes for MGTN options - Introduction of new market-maker fees - Revised LMM incentive structure with performance-based rebates - Focus on liquidity provision and competitive trading environment - SEC is soliciting public comments on these proposed amendments.

Description

The Securities and Exchange Commission has issued a notice regarding a proposed rule change by Cboe Exchange, Inc. to amend its fees schedule. The amendments include changes to transaction fees for Cboe Magnificent 10 Index options (MGTN options), adjustments to certain Lead Market Maker (LMM) Incentive Programs, and elimination of other LMM Incentive Programs. The notice details the proposed fee decreases and increases, as well as modifications to quoting standards and rebate eligibility for LMMs. The rule change became effective on August 3, 2026, and the Commission is soliciting comments on the proposal.

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