Federal Register #SR-CboeBZX-2026-070

SEC Notice: Cboe BZX Exchange Rule Change for New Time-in-Force Designation

This notice from the Securities and Exchange Commission (SEC) concerns a proposed rule change by Cboe BZX Exchange, Inc. regarding trading order handling. - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors: - Cboe BZX Exchange, Inc. - MX2 LLC (added as a participant to a regulatory plan) - Products/Services Requested: - Introduction of a new Time-in-Force (TIF) designation: Regular 'til Post Market (RTP) - Allows limit orders to execute during Regular Trading Hours and After Hours Trading Session - Unexecuted portions expire at the end of the After Hours session - Includes amendments to rules for order handling, auctions, and opening processes - Amendment to Options Order Protection and Locked/Crossed Market Plan - Addition of MX2 LLC as a participant - Unique/Notable Requirements: - Immediate effectiveness of the rule change (SEC waived 30-day delay) - No procurement of physical products or hardware; this is a regulatory change - Public comments invited on the proposed amendment

Description

The Cboe BZX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission to amend its exchange rules 11.1(a), 11.9(b), 11.23, and 11.24. The amendment introduces a new Time-in-Force designation called “Regular `til Post Market” which allows orders to remain active through the end of the After Hours Trading Session. This proposal is filed for immediate effectiveness and is part of the SEC's regulatory oversight of exchange trading rules.

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