Notice2024-03099
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Certain Rules Related to Stock-Option Orders
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 15, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 32 (Thursday, February 15, 2024)</title>
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[Federal Register Volume 89, Number 32 (Thursday, February 15, 2024)]
[Notices]
[Pages 11882-11886]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-03099]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-99510; File No. SR-CboeEDGX-2024-012]
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice
of Filing and Immediate Effectiveness of a Proposed Rule Change To
Amend Certain Rules Related to Stock-Option Orders
February 9, 2024.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that on February 6, 2024, Cboe EDGX Exchange, Inc. (the ``Exchange'' or
``EDGX'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I and II
below, which Items have been prepared by the Exchange. The Exchange
filed the proposal pursuant to Section 19(b)(3)(A)(iii) of the Act \3\
and Rule 19b-4(f)(6) thereunder.\4\ The Commission is publishing this
notice to solicit comments on the proposed rule change from interested
persons.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ 15 U.S.C. 78s(b)(3)(A)(iii).
\4\ 17 CFR 240.19b-4(f)(6).
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
Cboe EDGX Exchange, Inc. (the ``Exchange'' or ``EDGX Options'')
proposes to amend certain Rules related to stock-option orders. The
text of the proposed rule change is provided in Exhibit 5.
The text of the proposed rule change is also available on the
Exchange's website (<a href="http://markets.cboe.com/us/options/regulation/rule_filings/edgx/">http://markets.cboe.com/us/options/regulation/rule_filings/edgx/</a>), at the Exchange's Office of the Secretary, and at
the Commission's Public Reference Room.
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the Exchange included statements
concerning the purpose of and basis for
[[Page 11883]]
the proposed rule change and discussed any comments it received on the
proposed rule change. The text of these statements may be examined at
the places specified in Item IV below. The Exchange has prepared
summaries, set forth in sections A, B, and C below, of the most
significant aspects of such statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The Exchange proposes to update certain of its Rules regarding the
definition and execution of stock-option orders. Rule 21.20(b) defines
a ``stock-option order'' as the purchase or sale of a stated number of
units of an underlying stock or a security convertible into the
underlying stock (``convertible security'') coupled with the purchase
or sale of an option contract(s) on the opposite side of the market
representing either (a) the same number of units of the underlying
stock or convertible security or (b) the number of units of the
underlying stock necessary to create a delta neutral position, but in
no case in a ratio greater than eight-to-one (8.00), where the ratio
represents the total number of units of the underlying stock or
convertible security in the option leg(s) to the total number of units
of the underlying stock or convertible security in the stock leg.\5\
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\5\ Only those stock-option orders in the classes designated by
the Exchange with no more than the applicable number of legs are
eligible for processing. Stock-option orders execute in the same
manner as other complex orders, except as otherwise specified in
Rule 21.20.
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Rule 21.20(f)(2)(B) currently describes certain restrictions on
executions of stock-option orders. Current Rule 21.20(f)(2)(B) provides
that stock-option orders that execute electronically are subject to the
following:
<bullet> For a stock-option order with one option leg, the option
leg may not trade at a price worse than the individual component price
on the Simple Book or at the same price as a Priority Customer Order on
the Simple Book.
<bullet> For a stock-option order with more than one option leg,
the option legs must trade at prices pursuant to Rule 21.20(f)(2)(A)
above.\6\
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\6\ Rule 21.20(f)(2)(A) states the System does not execute a
complex order pursuant to Rule 21.20 at a net price: (i) that would
cause any component of the complex strategy to be executed at a
price of zero; (ii) that would cause any component of the complex
strategy to be executed at a price worse than the individual
component prices on the Simple Book; (iii) worse than the price that
would be available if the complex order Legged into the Simple Book;
or (iv) worse than the synthetic best bid or offer (``SBBO'') or
equal to the SBBO when there is a Priority Customer order on any leg
comprising the SBBO and: (a) if a complex order has a ratio equal to
or greater than oneto-three [sic] (.333) and less than or equal to
three-to-one (3.00), at least one component of the complex order
must execute at a price that improves the BBO for that component; or
(b) if the complex order has a ratio less than one-to-three (.333)
or greater than three-to-one (3.00), the component(s) of the complex
order for the leg(s) with a Priority Customer order at the BBO must
execute at a price that improves the price of that Priority Customer
order(s) on the Simple Book, except AON complex orders may only
execute at prices better than the SBBO.
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<bullet> A stock-option order may only execute if the stock leg is
executable at the price(s) necessary to achieve the desired net
price.\7\
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\7\ To facilitate the execution of the stock leg and options
leg(s) of an executable stock-option order at valid increments
pursuant to Rule 21.20(f)(1)(B), the legs may trade outside of their
expected notional trade value by a specified amount (which the
Exchange determines), unless the order has a capacity of ``C''.
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<bullet> The System executes the buy (sell) stock leg of a stock-
option order pursuant to Rule 21.20 up to a buffer amount above (below)
the NBO (NBB) for the stock leg.\8\
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\8\ See Rule 21.20(f)(2)(B) (the provisions off which the
Exchange proposes to number as subparagraphs (i) through (iv)). The
rule further provides that the execution price of the buy (sell)
stock leg of a QCC with Stock Order may be any price (including
outside the NBBO for the stock leg), except the price must be
permitted by Regulation SHO and the Limit Up-Limit Down Plan. See
proposed Rule 21.20(f)(2)(B)(iv).
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The Exchange previously amended its rules to permit complex orders
of all ratios to be executed on the Exchange, subject to certain
execution restrictions.\9\ Rule 21.20(a) currently defines ``complex
order'' as any order involving the concurrent purchase and/or sale of
two or more different series in the same class (the ``legs'' or
``components'' of the complex order), for the same account, in any
ratio and for the purposes of executing a particular investment
strategy. Only those complex orders with no more than the applicable
number of legs (determined by the Exchange) are eligible for
processing.
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\9\ See Securities Exchange Release No. 95321 (July 19, 2022),
87 FR 44174 (July 25, 2022) (SR-CboeEDGX-2021-033).
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The Exchange first proposes to adopt definitions of ``conforming''
and ``nonconforming'' complex orders in Rule 21.20(a). The Exchange
notes these proposed definitions are consistent with definitions used
by other options exchanges.\10\ Specifically, the Exchange proposes to
define a ``conforming complex order'' as (a) a complex order with a
ratio on the options legs greater than or equal to one-to-three (.333)
or less than or equal to three-to-one (3.00) and (b) a stock-option
order with a ratio less than or equal to eight-to-one (8.00), where the
ratio represents the total number of units of the underlying stock or
convertible security in the option leg(s) to the total number of units
of the underlying stock or convertible security in the stock leg. The
Exchange proposes to define a ``nonconforming complex order'' as (a) a
complex order with a ratio on the options legs less than one-to-three
(.333) or greater than three-to-one (3.00) and (b) a stock-option order
with a ratio greater than eight-to-one (8.00), where the ratio
represents the total number of units of the underlying stock or
convertible security in the option leg(s) to the total number of units
of the underlying stock or convertible security in the stock leg.\11\
The proposed definitions of conforming and nonconforming complex orders
each provide that, for the purpose of applying these ratios to complex
orders comprised of legs for both mini-options and standard options,
ten mini-option contracts represent one standard option contract. These
proposed ratio applications are consistent with the current definitions
of complex order and stock-option order.
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\10\ See Cboe Exchange, Inc. (``Cboe Options'') Rule 1.1
(definitions of ``conforming complex order'' and ``nonconforming
complex order''); and Miami International Securities Exchange, LLC
(``MIAX'') Rule 518(a)(8) and (16) (defining ``conforming ratio''
and ``nonconforming ratio'').
\11\ The proposed definitions of conforming and nonconforming
complex order provide that, for the purpose of applying these ratios
to complex orders comprised of legs for both mini-options and
standard options, ten mini-option contracts represent one standard
option contract.
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The proposed rule change amends Rule 21.20(f)(2)(A) to incorporate
the proposed definitions of conforming and nonconforming complex orders
but makes no other substantive changes to this rule. These proposed
changes are consistent with industry terminology regarding complex
orders with these ratios.
Based on the definition in Rule 21.20 of complex orders, which
includes stock-option orders, the Exchange's previous rule change was
intended to apply to stock-option orders (i.e., to permit stock-option
orders of any ratio to be processed).\12\ The reasons set forth in that
rule change for expanding processing of nonconforming complex orders
applies to all complex orders, including stock-option orders. However,
the Exchange inadvertently did not
[[Page 11884]]
update certain provisions specific to stock-option orders. Therefore,
in addition to adding the proposed definitions of conforming and
nonconforming complex orders, the proposed rule change updates the
definition of stock-option order in Rule 21.20 to allow the Exchange to
permit stock-option orders of any ratio to be processed (rather than
stock-option orders in ratios no greater than eight-to-one (8.00)).\13\
This is consistent with the language currently included in the
definition of ``complex order'' in Rule 21.20(a), the intent of which
is to permit nonconforming complex orders (including stock-option
orders) to be submitted for processing on the Exchange pursuant to Rule
21.20.\14\
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\12\ See supra note 9; and Exchange Notice, Cboe EDGX and C2
Options Introduce New Net, Leg Price Increments and Enhanced
Handling for Complex Orders with Non-Conforming Ratios, dated July
1, 2022 (available at <a href="https://cdn.cboe.com/resources/release_notes/2022/Cboe-EDGX-and-C2-Options-Introduce-New-Net-Leg-Price-Increments-and-Enhanced-Handling-for-Complex-Orders-with-Non-Conforming-Ratios.pdf">https://cdn.cboe.com/resources/release_notes/2022/Cboe-EDGX-and-C2-Options-Introduce-New-Net-Leg-Price-Increments-and-Enhanced-Handling-for-Complex-Orders-with-Non-Conforming-Ratios.pdf</a>).
\13\ The proposed rule change also amends the paragraph
lettering in the definition of stock-option order to conform to the
paragraph numbering and lettering scheme used throughout the Rules.
\14\ The Exchange notes other options exchanges rules permit the
electronic processing of nonconforming stock-option orders. See Cboe
Rule 5.33(b)(5) (definition of ``stock-option order''); and MIAX
Rule 518(a)(5) (definition of ``complex order'').
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The proposed rule change also adds proposed Rule 21.20(f)(2)(B)(v)
to state the System does not execute a stock-option order pursuant to
Rule 21.20 at a net price worse than the SBBO or equal to the SBBO when
there is a Priority Customer order on any leg comprising the SBBO and:
(a) if a conforming stock-option order, at least one option component
of the stock-option order must execute at a price that improves the BBO
for that component by at least one minimum increment; or (b) if a
nonconforming stock-option order, the option component(s) of the stock-
option order for the leg(s) with a Priority Customer order at the BBO
must execute at a price that improves the price of that Priority
Customer order(s) on the Simple Book by at least one minimum increment,
except AON \15\ stock-option orders may only execute at prices better
than the SBBO. This is consistent with the permissible execution prices
of conforming and nonconforming complex orders with only option
components.\16\ Therefore, execution of all conforming and
nonconforming complex orders, including stock-option orders, continues
to protect Priority Customer interest on the Exchange.
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\15\ See Rule 21.1(d)(4) for definition of ``all-or-none'' or
``AON'' orders.
\16\ See Rule 21.20(f)(2)(A)(iv). This execution priority is
also the same as other options exchanges. See Cboe Options Rule
5.33(f)(2)(B); and MIAX Rule 518, Interpretation and Policy .01(c).
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The proposed rule change has no impact on the requirements for
stock-option orders or how they may be executed. For example, all
stock-option orders (both conforming and nonconforming) must satisfy
the criteria set forth in the definitions of stock-option orders in
Rule 21.20(b), as set forth above. Additionally, all stock-option
orders must comply with the Qualified Contingent Trade (``QCT'')
exemption.\17\ The Exchange represents that its surveillances
incorporate stock-option orders with all ratios, including
nonconforming ratios.
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\17\ See Rule 21.20, Interpretation and Policy .04.
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2. Statutory Basis
The Exchange believes the proposed rule change is consistent with
the Securities Exchange Act of 1934 (the ``Act'') and the rules and
regulations thereunder applicable to the Exchange and, in particular,
the requirements of Section 6(b) of the Act.\18\ Specifically, the
Exchange believes the proposed rule change is consistent with the
Section 6(b)(5) \19\ requirements that the rules of an exchange be
designed to prevent fraudulent and manipulative acts and practices, to
promote just and equitable principles of trade, to foster cooperation
and coordination with persons engaged in regulating, clearing,
settling, processing information with respect to, and facilitating
transactions in securities, to remove impediments to and perfect the
mechanism of a free and open market and a national market system, and,
in general, to protect investors and the public interest. Additionally,
the Exchange believes the proposed rule change is consistent with the
Section 6(b)(5) \20\ requirement that the rules of an exchange not be
designed to permit unfair discrimination between customers, issuers,
brokers, or dealers.
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\18\ 15 U.S.C. 78f(b).
\19\ 15 U.S.C. 78f(b)(5).
\20\ Id.
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In particular, the Exchange believes the proposed rule change to
adopt definitions of conforming and nonconforming complex orders
(including stock-option orders) in Rule 21.20(a), and to incorporate
these proposed definitions into Rule 21.20(f)(2)(A)(iv) will protect
investors, as it incorporates into the Exchange's Rules terminology
generally used in the industry to refer to complex orders with ratios
equal to and greater than one-to-three (0.333) and less three-to-one
(3.00) (conforming) and less than one-to-three (0.333) and greater than
three-to-one 3.00 (nonconforming), and stock-option orders with ratios
less than or equal to eight-to-one (8.00) (conforming) and greater than
eight-to-one (8.00) (nonconforming). Therefore, the Exchange believes
this proposed rule change adds transparency and reduces potential
confusion within the Exchange's Rules. These definitions ultimately
make no substantive changes to the rules and relate merely to
terminology. The Exchange notes these definitions are substantially
similar to definitions used in other options exchanges' rulebooks.\21\
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\21\ See Cboe Rule 1.1 (definitions of ``conforming complex
order'' and ``nonconforming complex order''); and MIAX Rule
518(a)(8) and (16) (defining ``conforming ratio'' and
``nonconforming ratio'').
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Additionally, the Exchange believes the proposed rule change to
provide for the processing of stock-option orders with any ratio will
remove impediments to and perfect the mechanism of a free and open
market and a national market system, and, in general, to protect
investors and the public interest, as it will eliminate confusion
regarding what types of stock-option orders are permissible for
processing. As noted above, when the Exchange amended its Rules to
permit the processing of nonconforming complex orders, the intent of
that amendment was to permit the processing of all nonconforming
complex orders, including nonconforming stock-option orders. The
reasons set forth in the Exchange's prior rule filing regarding
expansion of processing of nonconforming complex orders applies to all
complex orders, including stock-option orders; the Exchange
inadvertently omitted updates to certain provision regarding stock-
option orders to incorporate that change.\22\ The proposed rule change
merely updates the definition of stock-option order to incorporate the
same change that was made to the definition of complex order with
respect to processing to provide consistency and transparency in the
Exchange's Rules. As noted above, the proposed rule changes regarding
execution of conforming and nonconforming stock-option orders are
consistent with the Exchange's previously adopted rules regarding
execution of other conforming and nonconforming complex orders, as well
as the rules of other options exchanges.\23\
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\22\ See supra note 9.
\23\ See Cboe Options Rule 5.33(f)(2)(B); and MIAX Rule 518,
Interpretation and Policy .01(c).
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The proposed rule change also adds a provision in Rule
21.20(f)(2)(B) regarding the specific permissible execution prices for
conforming and nonconforming stock-option orders, consistent with the
execution pricing for other conforming and nonconforming complex
orders, which further adds transparency regarding the execution of
these orders on the Exchange. The Exchange believes the proposed rule
[[Page 11885]]
change will add clarity, transparency, and consistency to its Rules,
thus eliminating potential confusion about the permissible execution
prices of conforming and nonconforming complex orders, which will
ultimately remove impediments to and perfect the mechanisms of a free
and open market and national market system, and in general protect
investors. The proposed rule change will further remove impediments to
and perfect the mechanism of a free and open market and a national
market system, as it is consistent with the rules of other options
exchanges.\24\
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\24\ See Cboe Rules 1.1 (definitions of ``conforming complex
order'' and ``nonconforming complex order'') and Rule 5.33(f)(2)(B);
and MIAX Rule 518(a)(8) and (16) (defining ``conforming ratio'' and
``nonconforming ratio'') and Interpretation and Policy .01(c).
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The proposed rule change will permit the electronic trading of
nonconforming stock-option orders but has no impact on the requirements
for stock-option orders or how they may be executed. Execution of all
conforming and nonconforming complex orders, including stock-option
orders, will continue to protect Priority Customer interest on the
Exchange. All stock-option orders (both conforming and nonconforming)
must satisfy the criteria set forth in the definition of stock-option
orders in Rule 21.20(b), which is described above. Additionally, all
stock-option orders must comply with the QCT exemption.\25\ The
Exchange represents that its surveillances incorporate stock-option
orders with all ratios, including nonconforming ratios.
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\25\ See Rule 21.20, Interpretation and Policy .04.
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The Exchange believes the proposed changes to update paragraph
lettering and numbering of certain subparagraphs will benefit
investors, as it conforms these provisions to the lettering and
numbering scheme used throughout the Rulebook, which promotes
consistency throughout the Rulebook and may ultimately reduce potential
investor confusion.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Act.
The Exchange does not believe that the proposed rule change will
impose any burden on intramarket competition that is not necessary or
appropriate in furtherance of the purposes of the Act, as the proposed
rule change applies equally to all Members. Therefore, any Member may
submit conforming and nonconforming stock-option orders, which will all
be handled by the Exchange in a uniform manner. Further, the Exchange's
proposal will continue to protect Priority Customer interest on the
Exchange.
The Exchange does not believe that the proposed rule change will
impose any burden on intermarket competition that is not necessary or
appropriate in furtherance of the purposes of the Act, as it has no
impact on the requirements for stock-option orders or how they may be
executed. As discussed above, the proposed rule change merely updates
certain rule provisions it inadvertently did not update in connection
with a previous rule change. Additionally, the proposed rule change is
consistent with the offering of other options exchanges.\26\ The
Exchange believes availability of conforming and nonconforming complex
orders, including stock-option orders, may promote competition, as it
provides investors with multiple venues at which to execute these
orders, giving investors greater flexibility and choice of where to
send their orders.
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\26\ See Cboe Options Rule 5.33(f)(2)(B); and MIAX Rule 518,
Interpretation and Policy .01(c).
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The Exchange believes the proposed rule change to make
nonsubstantive updates to lettering and numbering of subparagraphs will
have no burden on intramarket or intermarket competition, as these
changes are not competitive and merely conform these subparagraphs to
the lettering and numbering scheme used throughout the Rulebook.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
The Exchange neither solicited nor received comments on the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Pursuant to Section 19(b)(3)(A) of the Act \27\ and Rule 19b-
4(f)(6) \28\ thereunder, the Exchange has designated this proposal as
one that effects a change that: (i) does not significantly affect the
protection of investors or the public interest; (ii) does not impose
any significant burden on competition; and (iii) by its terms, does not
become operative for 30 days from the date on which it was filed, or
such shorter time as the Commission may designate, it has become
effective pursuant to Section 19(b)(3)(A) of the Act \29\ and Rule 19b-
4(f)(6) thereunder.\30\
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\27\ 15 U.S.C. 78s(b)(3)(A).
\28\ 17 CFR 240.19b-4(f)(6).
\29\ 15 U.S.C. 78s(b)(3)(A).
\30\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
The Exchange has satisfied this requirement.
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A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the
Act normally does not become operative for 30 days after the date of
its filing. However, Rule 19b-4(f)(6)(iii) \31\ permits the Commission
to designate a shorter time if such action is consistent with the
protection of investors and the public interest. The Exchange has asked
the Commission to waive the 30-day operative delay so that the proposal
may become operative immediately upon filing. The Exchange states that
waiver of the operative delay will immediately eliminate potential
confusion regarding the permissibility of conforming and nonconforming
stock-option orders on the Exchange and will provide investors with an
additional venue for executing nonconforming stock-option orders. The
Exchange further states that the proposal is not novel because other
options exchanges have substantially similar definitions of conforming
and nonconforming complex orders, other options exchanges permit
electronic processing of nonconforming stock-option orders, and the
proposed execution pricing requirements for nonconforming stock-option
orders are consistent with the execution pricing requirements of other
options exchanges.\32\ The Exchange also states that the proposed
execution pricing requirements will protect Priority Customer interest
on the Exchange.
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\31\ 17 CFR 240.19b-4(f)(6)(iii).
\32\ See Cboe Options Rules 1.1 (definitions of ``conforming
complex order'' and ``nonconforming complex order'') and
5.33(f)(2)(B); and MIAX Rule 518(a)(8) and (16) (defining
``conforming ratio'' and ``non-conforming ratio'') and MIAX Rule
518, Interpretation and Policy .01(c).
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As discussed above, the proposed definitions of conforming and
nonconforming stock-option order are substantively identical to
definitions adopted by other options exchanges.\33\ In addition, the
proposed execution pricing requirements for stock-option orders are
consistent with the rules of other options exchanges.\34\ The proposal
does not raise new or novel regulatory issues and will provide
investors with
[[Page 11886]]
an additional venue for executing nonconforming stock-option orders
electronically. For these reasons, the Commission believes that waiver
of the 30-day operative delay is consistent with the protection of
investors and the public interest. Accordingly, the Commission waives
the 30-day operative delay and designates the proposed rule change
operative upon filing.\35\
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\33\ See Cboe Rule 1.1 and MIAX Rules 518(a)(8) and (16).
\34\ See Cboe Rule 5.33(f)(2)(B)(v) and MIAX Rules 518(c)(1)(iv)
and (v) and MIAX Rule 518, Interpretation and Policy .01(c).
\35\ For purposes only of waiving the 30-day operative delay,
the Commission has also considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
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At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission will institute proceedings to
determine whether the proposed rule change should be approved or
disapproved.
IV. Solicitation of Comments
Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:
Electronic Comments
<bullet> Use the Commission's internet comment form (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>); or
<bullet> Send an email to <a href="/cdn-cgi/l/email-protection#7604031a135b15191b1b131802053605131558111900"><span class="__cf_email__" data-cfemail="bac8cfd6df97d9d5d7d7dfd4cec9fac9dfd994ddd5cc">[email protected]</span></a>. Please include
File Number SR-CboeEDGX-2024-012 on the subject line.
Paper Comments
<bullet> Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
All submissions should refer to File Number SR-CboeEDGX-2024-012. This
file number should be included on the subject line if email is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's internet website (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>). Copies of the submission, all subsequent amendments, all
written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for website viewing and
printing in the Commission's Public Reference Room, 100 F Street NE,
Washington, DC 20549, on official business days between the hours of 10
a.m. and 3 p.m. Copies of the filing also will be available for
inspection and copying at the principal office of the Exchange. Do not
include personal identifiable information in submissions; you should
submit only information that you wish to make available publicly. We
may redact in part or withhold entirely from publication submitted
material that is obscene or subject to copyright protection. All
submissions should refer to file number SR-CboeEDGX-2024-012 and should
be submitted on or before March 7, 2024.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\36\
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\36\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-03099 Filed 2-14-24; 8:45 am]
BILLING CODE 8011-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on February 15, 2024.
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