Federal Register #SR-CboeBZX-2026-078

SEC Notice on Cboe BZX Exchange’s Proposed Options Quote-Width Rule

The Securities and Exchange Commission (SEC) notice addresses a proposed options quote-width rule change by Cboe BZX Exchange, Inc.; it is not a procurement opportunity or award. - Organizations mentioned: SEC; Cboe BZX Exchange, Inc.; Cboe Options; ISE; Phlx. - Proposal: Set Market Maker bid/ask differential limits at $5 for options expiring in 270 days or less and $15 for options expiring in more than 270 days. - Context: The proposed approach is described as aligning with Cboe Options and as consistent with frameworks referenced at ISE and Phlx. - Procurement: No products, services, quantities, or contract value are requested.

Description

Cboe BZX Exchange, Inc. proposes to amend Exchange Rule 22.6(c), which establishes bid/ask differential requirements for Market Maker quotes. The proposal would set a maximum $5 bid/ask differential for options series expiring in 270 days or less and a maximum $15 differential for series expiring in more than 270 days. The notice invites public comments on the proposed rule change, with submissions due by October 27, 2026.

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