# Federal Register #SR-CboeBZX-2026-078

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

**Buyer:** Securities and Exchange Commission
**Posted:** October 06, 2026
**Respond By:** October 27, 2026
**Identifier:** SR-CboeBZX-2026-078
**NAICS:** 523210

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.

[View original listing](https://www.federalregister.gov/documents/2026/10/06/2026-20404/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-filing-and-immediate-effectiveness-of)