Federal Register #SR-CBOE-2026-071

SEC Notice: Cboe Exchange Rule Change for Binary Options Fees on Mini-S&P 500 Index

This notice from the Securities and Exchange Commission (SEC) addresses a proposed rule change by Cboe Exchange, Inc. regarding fees for binary options on the Mini-S&P 500 Index. - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - Regulated Entity: - Cboe Exchange, Inc. - Products/Services: - Tiered transaction fees for binary options overlying the Mini-S&P 500 Index (XSP binary options) - Fee codes and rates based on premium price ranges and participant types (customers, market-makers, broker-dealers, etc.) - Fees range from $0.04 to $0.35 per contract - Part number: XSPBX - Unique Requirements: - Excludes XSP binary options from several fee incentive programs (Liquidity Provider Sliding Scale, Volume Incentive Program, Marketing Fee, etc.) - Focuses on equitable fee allocation and liquidity promotion - Addresses the unique economic characteristics of binary options - No OEMs or vendors are involved, as this is a regulatory notice rather than a procurement opportunity.

Description

The Securities and Exchange Commission (SEC) has issued a notice regarding a proposed rule change by Cboe Exchange, Inc. to update its fees schedule related to binary options on the Mini-S&P 500 Index. The proposal includes adopting standard transaction fees for these binary options and excluding them from certain fee programs. The rule change was filed and became immediately effective as part of the SEC's regulatory oversight. This update affects transaction fees for various market participants and specifies fee codes based on premium price ranges.

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