Another Exchange Opts Out of Auto-Price Adjustments: Who Cares?
Published Date: 1/28/2025
Notice
Summary
Cboe Exchange just made it easier for Trading Permit Holders (TPHs) to skip automatic price changes in AIM auctions if the price falls outside the best market range when received. This change kicks in right away, giving traders more control and potentially speeding up trades without messing with fair pricing. If you’re a TPH, this tweak could save you time and help you trade smarter starting now!
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
TPHs Can Opt Out of AIM Price Adjustment
If you are a Trading Permit Holder (TPH), you may choose to opt out of the Exchange's automatic adjustment of the Automated Improvement Mechanism (AIM) auction price when that price is outside the National Best Bid and Offer (NBBO) upon receipt. The Exchange filed this change on January 8, 2025 and designated it for immediate effectiveness, so TPHs can use the option right away.
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