Federal Register #SRCboeEDGA2026026

SEC Notice: Proposed Rule Change by Cboe EDGA Exchange, Inc. for New 'Regular 'til Post Market' Order Designation

This notice from the Securities and Exchange Commission (SEC) announces a proposed rule change by Cboe EDGA Exchange, Inc. regarding trading order designations. - Regulatory Context: - SEC is reviewing a rule change proposal from Cboe EDGA Exchange, Inc. - The proposal aims to amend Exchange Rules 11.1, 11.6, 11.7, and 11.8. - Key Proposal Details: - Introduction of a new time-in-force (TIF) designation: 'Regular 'til Post Market' (RTP). - RTP allows limit orders to remain active during both Regular Trading Hours and the Post-Closing Session. - Orders with RTP designation expire at the end of the Post-Closing Session. - Conforming amendments ensure RTP orders are consistently integrated into order handling, order type, and opening process rules. - Notable Requirements: - No procurement of products or services is involved. - No OEMs, vendors, or commercial products are referenced. - Public Participation: - The SEC invites public comments on the proposed rule change. - The notice outlines the process for submitting comments.

Description

This notice announces a proposed rule change by Cboe EDGA Exchange, Inc. to amend exchange rules 11.1, 11.6, 11.7, and 11.8. The amendment introduces a new time-in-force designation called "Regular `til Post Market" (RTP), which allows limit orders to be active during both Regular Trading Hours and the Post-Closing Session, expiring at the end of the Post-Closing Session. The proposal includes conforming amendments to ensure RTP orders are integrated consistently into the exchange's order handling, order type, and opening process rules, promoting operational efficiency and competitive order entry flexibility.

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