Federal Register #SR-CboeEDGA-2026-035

SEC Notice on Cboe EDGA’s Proposed Start Time Order Instruction

The SEC notice concerns a proposed change to Cboe EDGA’s order-handling rules, not a procurement opportunity. - Government agency: Securities and Exchange Commission (SEC). - Proponent: Cboe EDGA Exchange, Inc.; the proposal draws on a framework used by affiliated Cboe EDGX Exchange, Inc. - Proposed change: Add an optional Start Time order instruction to Rule 11.1(a)(1), letting users set when an order becomes eligible for execution in 30-minute increments before Regular Trading Hours. - Order handling: Orders would be processed by timestamp at the designated Start Time. Existing restrictions on certain order types would remain in effect until the later of the current eligibility threshold or the selected Start Time. - Purpose: Align order-handling functionality across Cboe-affiliated equities exchanges. The notice invites public comments and does not request products or services.

Description

Cboe EDGA Exchange, Inc. proposes to amend Rule 11.1(a)(1) to adopt an optional Start Time order instruction. Users could designate, in 30-minute increments before Regular Trading Hours, when an order becomes eligible for execution. The filing also updates order sequencing and acceptance restrictions to account for designated Start Times; implementation is intended for December 7, 2026. The notice solicits comments on the proposed rule change.

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