Federal Register #SR-CboeEDGX-2026-054

SEC Notice: Proposed Rule Change by Cboe EDGX Exchange, Inc. on Market Maker Quotation Rules

This notice from the Securities and Exchange Commission (SEC) concerns a proposed rule change by Cboe EDGX Exchange, Inc. to amend market maker quotation rules. - Regulatory change, not a procurement opportunity - Cboe EDGX Exchange, Inc. proposes to amend Exchange Rule 22.6 - Introduces two-sided quote bid/ask differentials for market makers - Sets a maximum $5 width between bid and offer in an appointed class - Exceptions for certain option series and in-the-money series where the underlying security's NBBO is wider - Proposal modeled after similar rules from Miami International Securities Exchange (MIAX), Nasdaq ISE, and Nasdaq PHLX - No products, services, OEMs, or vendors are being requested - Notice is published to solicit public comments and is effective upon filing

Description

The Securities and Exchange Commission published a notice regarding a proposed rule change by Cboe EDGX Exchange, Inc. to amend Exchange Rule 22.6 concerning Market Maker Quotations. The rule change aims to adopt two-sided quote bid/ask differentials, establishing maximum permissible widths between a Market Maker's bid and offer. The proposal includes exceptions for certain options series and allows the Exchange to set differentials other than $5 where appropriate. This change is intended to enhance market quality by requiring Market Makers to maintain reasonably tight markets.

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