Federal Register #SR-BOX-2026-19

SEC Notice: Proposed Rule Change by BOX Exchange LLC for Short Term Option Series Program

This opportunity involves a proposed rule change by BOX Exchange LLC, published by the United States Securities and Exchange Commission (SEC), regarding the Short Term Option Series Program for Exchange-Traded Funds (ETFs). - Government Buyer: - United States Securities and Exchange Commission (SEC) - BOX Exchange LLC (self-regulatory organization submitting the rule change) - OEMs and Vendors: - No OEMs or commercial vendors are mentioned, as this is a regulatory notice, not a procurement action. - Products/Services Requested: - No products or services are being procured; the notice concerns regulatory amendments to options trading rules. - Notable Requirements and Details: - The rule change would allow BOX Exchange LLC to list up to two Tuesday and Thursday expirations for options on certain ETFs that meet existing criteria. - It would also permit up to two Monday and Wednesday expirations for options on additional ETF shares meeting new, specified criteria (designated as Tier 2 Qualifying Securities). - Criteria for qualifying securities include market capitalization, assets under management, options volume, position limits, and participation in the Penny Interval Program. - The proposal is modeled after a similar rule change previously approved for Nasdaq ISE, LLC. - The intent is to provide greater flexibility and choice for investors and market participants in the options market.

Description

The Securities and Exchange Commission has filed a proposed rule change by BOX Exchange LLC to amend Rule 5050 concerning the Short Term Option Series Program, specifically regarding qualifying securities. The amendment proposes to permit the listing of up to two Tuesday and Thursday expirations for options on certain Exchange-Traded Funds that meet current criteria, in addition to existing Monday and Wednesday expirations. It also proposes to permit the listing of up to two Monday and Wednesday expirations for options on additional Exchange-Traded Fund Shares that meet new criteria, designating these as Tier 2 Qualifying Securities. The rule change aims to provide more flexibility and choice for investors and is based on a similar proposal approved for Nasdaq ISE, LLC.

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