Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Introduce Enhancements to the Missed Liquidity Report Offered as Part of the Cboe Timestamping Service

Issuing agencies

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<title>Federal Register, Volume 91 Issue 212 (Wednesday, November 4, 2026)</title>
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[Federal Register Volume 91, Number 212 (Wednesday, November 4, 2026)]
[Notices]
[Pages 69601-69605]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-22461]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-106788; File No. SR-CboeEDGX-2026-073]


Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice 
of Filing and Immediate Effectiveness of a Proposed Rule Change To 
Introduce Enhancements to the Missed Liquidity Report Offered as Part 
of the Cboe Timestamping Service

October 30, 2026.
    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 October 21, 2026, Cboe EDGX Exchange, Inc. (``Exchange'' or 
``EDGX'') filed with the Securities and Exchange Commission 
(``Commission'') the proposed rule change as described in Items I, II, 
and III below, which Items have been prepared by the Exchange. The 
Exchange filed the proposal as a ``non-controversial'' proposed rule 
change 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 introduce enhancements to the Missed Liquidity Report 
offered as part of the Cboe Timestamping Service.
    The text of the proposed rule change is also available on the 
Commission's website (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>), the 
Exchange's website (<a href="https://www.cboe.com/us/equities/regulation/rule_filings/edgx/">https://www.cboe.com/us/equities/regulation/rule_filings/edgx/</a>), and at the principal office of the Exchange.

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 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 introduce enhancements to the Cboe 
Timestamping Service, which is a market data service comprised of the 
Missed Liquidity Report, Missed Cancels Report and All Cancels Report. 
Specifically, the Exchange seeks to update the Missed Liquidity Report 
to now include Complex Order Auction (``COA'') \5\ and Complex 
Automated Improvement Mechanism (``C-AIM'') \6\

[[Page 69602]]

events (collectively, ``Auction Orders'' or an ``Auction''), as well as 
a new price field that, for records related to Auction Orders, includes 
each price of the subscribing Member's orders, modify messages, and 
quotes, as well as each price level at which options orders were 
executed during an Auction. The Exchange is not proposing any 
enhancements to either the Missed Cancels Report or the All Cancels 
Report.\7\
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    \5\ See EDGX Rule 21.20 (d), ``Complex Order Auctions 
(``COA'').'' By way of background, a COA provides enhanced automatic 
execution possibilities for complex orders, while continuing to 
provide potential for price improvement. See generally, ``Complex 
Order Handling,'' available at: https://.cboe.com//us/options/
trading/complex-orders/.
    \6\ See Rule 21.22, ``Complex Automated Improvement Mechanism 
(``C-AIM'' or ``C-AIM Auction'').'' By way of background, the 
Automated Improvement Mechanism (AIM) is a process for 
electronically executing paired orders of any capacity, which 
provides potential for price improvement and a participation right 
through an auction process. By utilizing the AIM paired order 
mechanism, a submitting TPH broker is afforded the opportunity to 
participate against its customers' orders or solicit another firm's 
liquidity as contra to the agency-side order. Each agency-side order 
may be paired with up to 10 contra orders, and orders up to 16 legs 
are supported See generally, ``Electronic Paired Order crossing 
Mechanism for Complex Orders (Complex AIM),'' available at: <a href="https://www.cboe.com/markets/us/options/trading/complex-orders/">https://www.cboe.com/markets/us/options/trading/complex-orders/</a>.
    \7\ At this time, the Exchange is not proposing any fee 
increases for the Cboe Timestamping Service.
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Background
    Currently, the Cboe Timestamping Service provides timestamp 
information for orders, quotes and cancels for market participants. 
More specifically, the Cboe Timestamping Service reports provide 
various timestamps relating to the message lifecycle throughout the 
Exchange System.\8\ The reports are optional products that are 
available to all Members and Members may opt to choose any combination 
of reports or no reports at all. Corresponding fees are assessed based 
on the number of reports selected.\9\ Notably, the data included in 
these reports is based only on the data of the market participant that 
opts to subscribe to the reports (``Recipient Member'') and does not 
include information related to any Member other than the Recipient 
Member. The Exchange restricts all other market participants from 
receiving another market participant's data. Additionally, no report 
includes real-time market data. Rather, the reports contain only 
historical data from the prior trading day and are only available after 
the end of the trading day, generally on a T+1 basis.
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    \8\ The term ``System'' shall mean the electronic communications 
and trading facility designated by the Board through which 
securities orders of Users are consolidated for ranking, execution 
and, when applicable, routing away. See Rule 1.5(cc).
    \9\ The Exchange plans to submit a separate filing with the 
Commission pursuant to Section 19(b)(2) to propose fees for the 
Missed Liquidity Report and Cancels Report.
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    Specifically, the Missed Liquidity Report provides time details for 
executions of orders and quotes that rest on the EDGX Book \10\ where 
the Member receiving the report attempted to execute against that 
resting order within an Exchange-determined amount of time (not to 
exceed 1 millisecond) after receipt of the first attempt to execute 
against the resting order or quote and within an Exchange-determined 
amount of time (not to exceed 100 microseconds) before receipt of the 
first attempt to execute against the resting order or quote.\11\ For 
example, if a Member sends in a marketable order, but an order resting 
on the Exchange order book was subsequently executed, the Missed 
Liquidity Report can assist the Member in determining by how much time 
that order missed an execution.\12\ The Missed Liquidity Report 
includes the following data elements for orders and quotes: \13\ (1) 
Message Type; \14\ (2) Date; (3) Recipient Member ID; (4) Session Sub 
ID; \15\ (5) Clearing Identifier; \16\ (6) Client Identifier; \17\ (7) 
Trade Condition; \18\ (8) Auction ID; \19\(8) Symbol; (9) Cboe Order 
ID; \20\ (10) Execution ID; \21\ (11) Exchange System Timestamps for 
orders, quotes, and cancels; \22\ (12) Matching Unit Number; \23\ (13) 
Queued; \24\ (14) Port Type; \25\ and (15) Aggressor Order Type.\26\ No 
specific information about resting orders on the Exchange book will be 
provided.
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    \10\ The term ``EDGX Book'' shall mean the System's electronic 
file of orders. See rule 1.5(d).
    \11\ The Exchange will announce the Exchange-determined 
timeframes with reasonable advance notice via Exchange Notice.
    \12\ For example, Participant A submits an order that is posted 
to the Exchange's Book. Participant B at some point thereafter 
enters a marketable order to execute against Participant A's resting 
order. Within 500 microseconds of Participant B's submission, 
Participant C, also sends a marketable order to execute against 
Participant A's resting order. Because Participant B's order is 
received by the Exchange before Participant C's order, Participant 
B's order executes against Participant A's resting order. The 
proposed Report would provide Participant C (the Recipient Member of 
the report) the data points necessary for that firm to calculate by 
how much time they missed executing against Participant A's resting 
order.
    \13\ The currently available Missed Liquidity Report will only 
include trade events which are triggered by an order or quote that 
removed liquidity on entry and will exclude trade events resulting 
from: elected stop orders, orders routed and executed at away 
venues, and peg order movements, and auctions (except step up), 
floor trades, customer-to-customer automated improvement mechanism 
(immediate cross), qualified contingent cross order trades, and 
compression trades. Further, in the event of a quote packet, only 
the first quote within a packet would be included as a potential 
trade event.
    \14\ The Missed Liquidity Report will indicate if the message is 
a firm order record, firm modify record, firm quote record or trade 
record with aggressor information.
    \15\ Session Sub ID is the ID of the originating logical port.
    \16\ EFID identified on the message.
    \17\ Unique CIOrdID (for order), QuoteUpdateID (for quotes) or 
MassCancelID (for mass cancels or purges) assigned by the client.
    \18\ The Trade Condition will indicate if it is an electronic 
trade, complex to complex electronic trade, or SUM Auction.
    \19\ This field will include the auction ID for a SUM auction; 
field will not be populated for any order or trade type.
    \20\ Assigned to the order by Cboe and will be blank for trade 
records.
    \21\ The Execution ID is a unique reference number assigned by 
the Exchange for each trade.
    \22\ Includes Network Discovery Time (which is a network 
hardware switch timestamp taken at the network capture point); Order 
Handler NIC Timestamp (which is a hardware timestamp that represents 
when a BOE 3 convenience or BOE 2 order handler server NIC observed 
the message and may not be available for certain reject cases); 
Boe3u NIC Timestamp (which is a hardware timestamp that represents 
when a BOE 3 unitized order handler server NIC observed the message 
and may not be available for certain reject cases); Order Handler 
Received Timestamp (which is software timestamp that represents when 
the FIX, BOE 3 convenience, or BOE 2 order handler has begun 
processing the order after the socket read and may not be available 
for certain reject cases); Boe3u Received Timestamp (which is a 
software timestamp that represents when the BOE 3 unitized order 
handler has begun processing the order after the socket read and may 
not be available for certain reject cases); Order Handler Send 
Timestamp (which represents when the FIX, BOE 3 convenience, or BOE 
2 order handler has finished processing the order and begun sending 
to the matching engine or BOE 3 unitized order handler and may not 
be available for certain reject cases); Boe3u Send Timestamp (which 
represents when the BOE 3 unitized order handler has finished 
processing the order and begun sending to the matching engine and 
may not be available for certain reject cases); Matching Engine NIC 
Timestamp (which is a hardware timestamp that represents when the 
target matching engine server NIC observed the message); and 
Matching Engine Transaction Timestamp (which is a software timestamp 
that represents when the matching engine has started processing an 
event).
    \23\ Represents the matching unit number.
    \24\ Flag to indicate whether a message was delayed due to 
message in flight limits (i.e., a limit on the total number of 
messages in flight between an order handler and a matching engine); 
this will be blank for trade records.
    \25\ Refers to the port type used by the session to send the 
applicable message (BOE2 Order, BOE3 Convenience, BOE3 Utilized 
Order, BOE3 Unitized Quote, FIX, or BOE2 Quote for the Missed 
Liquidity Report and BOE2 Order, BOE3 Convenience, BOE3 Unitized 
Order, BOE3 Unitized Quote, FIX, BOE2 Quote, BOE2 Purge, BOE3 
Unitized Purge or FIX Purge for the Cancels Report).
    \26\ Indicates whether the order type of the response order that 
executed against the resting order was a new order, modify order, or 
quote update message.
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Enhancements
    As noted above, the Exchange now seeks to update the Cboe 
Timestamping Service by adding additional data elements to the Missed 
Liquidity Report. Specifically, the Exchange seeks to enhance the 
Missed Liquidity Report to include COA and C-AIM events, as well as a 
new price field that includes each price level at which options orders 
were executed during an Auction, in

[[Page 69603]]

addition to the Recipient Member's orders, modify message and quotes 
related to an Auction. Importantly, no other changes will be made to 
the Missed Liquidity Report, and aside from these proposed 
enhancements, the Missed Liquidity Report will remain as described 
above.
    As proposed, a Member's options orders, quotes and modify messages 
that are eligible to participate in an Auction will now appear in the 
Missed Liquidity Report. The Missed Liquidity Report will now show the 
Member the time details for their eligible options orders, quotes and 
modify messages for an Auction, as well as the time details for 
executions of other COA-eligible and C-AIM-eligible options orders 
resting on the Complex Order Book (``COB''),\27\ that the Member 
receiving the Missed Liquidity Report attempted to execute against 
within an Exchange-determined amount of time (not to exceed 1 
millisecond) after receipt of the first attempt to execute against the 
resting options order and within an Exchange-determined amount of time 
(not to exceed 100 microseconds) before receipt of the first attempt to 
execute against the resting options order.\28\ For example, if a Member 
sends in a COA-eligible options order or a C-AIM-eligible options order 
(collectively, ``Auction Orders''), but a resting options order 
participating in the Auction was subsequently executed, the Missed 
Liquidity Report can assist the Member in determining by how much time 
their options order missed an execution.
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    \27\ The terms ``Complex Order Book'' and ``COB'' mean the 
Exchange's electronic book of complex orders used for all trading 
sessions. See EDGX Rule 21.20.
    \28\ The Exchange will announce the Exchange-determined 
timeframes with reasonable advance notice via Exchange Notice.
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    Additionally, for Auctions clearing across multiple price levels, 
the Missed Liquidity Report will now also include a new price field 
that shows each price level at which (i) the Auction Orders were 
executed during an Auction; and (ii) the Recipient Member's order, 
modify messages and quotes were at. This will enable a Member to see 
where their orders, modify messages, and quotes sat relative to the 
price levels at which other options orders executed in the Auction.
    Generally speaking, the Exchange believes that market participants 
utilize liquidity accessing orders when there is a high probability 
that they will execute against an order or quote resting on the 
Exchange order book. In this regard, the Missed Liquidity Report helps 
subscribing market participants to better understand by how much time 
they missed executing against certain resting orders or quotes. The 
Exchange therefore believes this report will provide greater visibility 
into what was missed in trading so market participants can better 
determine whether they want to invest in the technology to mitigate the 
misses. It may also allow them to optimize their models and trading 
patterns to yield better execution results. Notably, the proposed 
additional data elements will further enhance the utility of the Missed 
Liquidity Report, and provide subscribers with similar insight into the 
Auctions, as well as better enable them to utilize the data to optimize 
their models and trading patterns to yield better execution results.
    The Exchange notes that even with the enhancements to the Missed 
Liquidity Report, the data contained within the proposed Missed 
Liquidity Report is substantially the same data provided by the 
Exchange today.
Implementation
    The Exchange will announce via Exchange Notice the implementation 
date of the proposed rule change, which shall occur no later than 60 
days after the operative date of this rule filing.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with Section 6(b) of the Act,\29\ in general, and furthers the 
objectives of Section 6(b)(5) of the Act,\30\ in particular, in that it 
is designed to prevent fraudulent and manipulative acts and practices, 
to promote just and equitable principles of trade, to remove 
impediments to and perfect the mechanism of a free and open market and 
a national market system, and to protect investors and the public 
interest, and that it is not designed to permit unfair discrimination 
among customers, brokers, or dealers. The Exchange also believes this 
proposal is consistent with Section 6(b)(5) of the Act because it 
protects investors and the public interest and promotes just and 
equitable principles of trade by providing investors with an enhanced 
option for receiving market data as requested by market participants 
and Section 6(b)(8) of the Act, which requires that the rules of an 
exchange not impose any burden on competition that is not necessary or 
appropriate in furtherance of the purposes of the Act.\31\ This 
proposal is in keeping with those principles in that it promotes 
increased transparency by enhancing the optional Missed Liquidity 
Report, which will continue to be available to any Member interested in 
paying to receive it, to include Auction Orders and a new price field 
reflecting each price level at which options orders were executed 
during an Auction.
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    \29\ 15 U.S.C. 78f.
    \30\ 15 U.S.C. 78f(b)(5).
    \31\ 15 U.S.C. 78f(b)(8).
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    The Exchange also believes this proposal is consistent with Section 
6(b)(5) of the Act because it protects investors and the public 
interest and promotes just and equitable principles of trade by 
providing investors with enhanced options for receiving market data as 
requested by potential purchasers. The proposed enhancements would 
benefit investors by facilitating their prompt access to additional 
value-added information regarding their participation in Auctions, 
which is not currently included in the Missed Liquidity Report. The 
enhanced report will allow Members to access information regarding 
their Auction Orders that they may utilize to evaluate their own 
trading behavior and order interactions in the same manner they 
currently can for options orders and quotes executing against interest 
resting on the Exchange order book. It also promotes just and equitable 
principles of trade because it would provide latency and execution 
price level information in a systematized way and standardized format 
to any Member that chooses to subscribe to the Missed Liquidity Report. 
As discussed, the proposed report is not a real-time market data 
product, but rather provides only historical trading data for the 
previous trading day, generally on a T+1 basis, and the Auction Orders 
data will be provided on the same basis. In addition, the data in the 
report regarding incoming orders or quotes that failed to execute 
including options orders that failed to execute in an Auction, would be 
specific to the Recipient Member's messages. As noted above, no 
specific information about the resting orders on the Exchange book will 
be provided and any information relating to another Member would be 
anonymized.
    With respect to the first enhancement, the Exchange believes that 
including Auction Order events in the Missed Liquidity Report is also 
consistent with Section 6(b)(5) of the Act because it simply extends 
the report's existing functionality to an additional execution 
mechanism on the Exchange. Currently, a Member that submits Auction 
Orders to an Auction receives no insight through the Missed Liquidity 
Report into how much time its options orders missed executing against 
other Auction Orders resting on the COB. As proposed, the report will 
show a Member the time

[[Page 69604]]

details for its eligible options orders, quotes and modify messages in 
an Auction, as well as time details for executions of other Auction 
Orders resting on the COB that the Member attempted to execute against, 
using the same Exchange-determined time parameters (not to exceed 1 
millisecond after, and 100 microseconds before, receipt of the first 
attempt to execute) that currently apply to the report. By applying the 
same methodology to Auctions, the enhancement will provide Members with 
greater visibility into what was missed in an Auction, enabling them to 
better determine whether to invest in technology to mitigate those 
misses and to optimize their models and trading patterns to yield 
better execution results in COAs and C-AIMs. The Exchange believes that 
better informed Members are more likely to participate efficiently in 
Auctions, which may in turn contribute to more robust price competition 
in the auction, to the benefit of investors whose complex orders are 
exposed in an Auction. This furthers the protection of investors and 
the public interest and removes impediments to and perfects the 
mechanism of a free and open market and a national market system.
    With respect to the second enhancement, the Exchange believes that 
adding a new price field showing each price level at which Auction 
Orders were executed during a COA or C-AIM clearing across multiple 
price levels, is likewise consistent with Section 6(b)(5) of the Act. 
Because an Auction may clear at more than one price, timing information 
alone may not give a Member a complete picture of why its options order 
did not execute. The new price field will enable a Member to see where 
its options orders, quotes and modify messages sat relative to the 
price levels at which other options orders executed in the Auction, 
which will help the Member understand whether a missed execution was 
attributable to timing, price, or both, and to refine its pricing and 
order submission strategies accordingly. The Exchange notes that the 
price field identifies only (i) the Member's own pricing for its 
quotes, orders and modify messages and (ii) the price levels at which 
executions occurred; it does not identify the Member or other market 
participant on the other side of any execution, and the report will 
continue to restrict all market participants from receiving another 
market participant's data. Accordingly, the Exchange believes the new 
price field increases the utility and transparency of the report for 
subscribing Members without disclosing sensitive information about 
other market participants, thereby promoting just and equitable 
principles of trade and protecting investors and the public interest.
    The Exchange further notes that the proposed enhancements are 
limited in scope. No other changes will be made to the Missed Liquidity 
Report, and the Exchange is not proposing any enhancements to the 
Missed Cancels Report or the All Cancels Report. The enhanced Missed 
Liquidity Report will continue to be an optional product equally 
available to all Members on the same terms.
    The Exchange notes that the Cboe Timestamping Service, including 
the Missed Liquidity Report that is the subject of the proposed 
enhancements, is an existing Exchange market data product that was 
previously filed \32\ with, and reviewed by, the Commission. In that 
filing, the Commission waived the 30-day operative delay so that the 
Exchange could launch the Missed Liquidity Report and Missed Cancels 
Report on January 27, 2025, finding that doing so was consistent with 
the protection of investors and the public interest and noting that the 
filing did not introduce any novel regulatory issues.\33\ The proposed 
rule change does not alter the fundamental structure or purpose of the 
Missed Liquidity Report as previously filed. Rather, it applies the 
report's existing methodology to an additional execution mechanism--
Auctions--and adds a related price field, while retaining the same core 
features already reviewed by the Commission: the report remains 
optional, is available to all Members, contains only historical data 
provided on a T+1 basis, and includes only data specific to the 
Recipient Member.
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    \32\ See Securities Exchange Act Release No. 102240 (January 17, 
2025), 90 FR 8067 (January 23, 2025) (SR-CboeEDGX-2025-002).
    \33\ Id.
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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 proposed rule changes do 
not introduce a new product. Rather, the proposed amendments seek to 
enhance the existing Missed Liquidity Report, which was previously 
filed with the Commission and became effective upon filing. 
Accordingly, the Exchange believes the proposed rule changes do not 
raise any new competitive issues. With respect to intermarket 
competition, the Exchange believes the proposed additions will enhance 
competition between exchanges by improving the quality and utility of 
the Exchange's market data offerings, thereby allowing the Exchange to 
better compete with other exchanges that offer similar trading-related 
reports, such as MIAX Emerald's Liquidity Taker Event Report.\34\ 
Market participants have numerous alternative venues for trading 
complex orders, and other exchanges remain free to develop and offer 
similar competing data products.
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    \34\ See e.g., MIAX Emerald Rule 531.
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    Additionally, the Exchange believes the proposed rule change does 
not impose any burden on intramarket competition that is not necessary 
or appropriate in furtherance of the purposes of the Act. The enhanced 
Missed Liquidity Report will be available to all Members on the same 
terms, and any Member that subscribes to the report will automatically 
receive the Auction data for its own Auction Orders, quotes and modify 
messages. The Auction data, including the new price field, will be 
specific to the Recipient Member's own orders, quotes and modify 
messages, will be provided only on a historical, T+1 basis, and will 
not identify any other market participant. As such, the enhancements 
will not provide any Member with an informational advantage over other 
market participants in real-time trading. Moreover, market participants 
are not required to purchase the Missed Liquidity Report, and the 
Exchange is not required to make the Missed Liquidity Report available 
to investors. Rather, the Exchange is voluntarily making the Missed 
Liquidity Report available, as requested by Members, and Members may 
choose to receive (and pay for) this data based on their own business 
needs. Potential purchasers may request the data at any time if they 
believe it to be valuable or may decline to purchase such data.

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

    Because the foregoing proposed rule change does not:
    A. significantly affect the protection of investors or the public 
interest;

[[Page 69605]]

    B. impose any significant burden on competition; and
    C. 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 \35\ and 
Rule 19b-4(f)(6) \36\ thereunder. 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.
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    \35\ 15 U.S.C. 78s(b)(3)(A).
    \36\ 17 CFR 240.19b-4(f)(6).
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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#196b6c757c347a7674747c776d6a596a7c7a377e766f"><span class="__cf_email__" data-cfemail="e795928b82ca84888a8a82899394a7948284c9808891">[email&#160;protected]</span></a>. Please include 
file number SR-CboeEDGX-2026-073 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-2026-073. 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 filing 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-2026-073 and should be 
submitted on or before November 25, 2026.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\37\
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    \37\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-22461 Filed 11-3-26; 8:45 am]
BILLING CODE 8011-01-P


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