Cboe Launches Trade Clock: Precise Timing for Market Movers
Published Date: 1/23/2025
Notice
Summary
Cboe C2 Exchange just launched the Cboe Timestamping Service, a cool new tool that gives traders detailed timing info on orders, quotes, and cancels. Members can pick one or both reports, paying fees based on their choice. This change kicks in right away, helping market players track their trades more precisely and make smarter moves.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Cboe Timestamping Service Launch
If you are a Cboe C2 Exchange Member or market participant, the Exchange adopted the Cboe Timestamping Service, a market data product made of two optional reports: the Missed Liquidity Report (covers order and quote messages) and the Cancels Report (covers cancel messages). Members may choose both reports, one report, or neither, and corresponding fees will be assessed based on the number of reports selected; the Exchange plans to file a separate rule change to propose the fee amounts. The Exchange intends to launch these reports on January 27, 2025, and orders include both complex and simple orders.
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