2025-11872Notice

SEC Extends Timestamp Leniency for Cboe Options Traders Until 2030

Published Date: 6/27/2025

Notice

Summary

Cboe Exchange is updating one of its rules to match a special permission from the SEC that lets them use less detailed timestamps for trades. This change extends the current exemption from April 2025 to April 2030, giving everyone more time to follow the new timing rules. Traders and firms using Cboe Options will feel the impact, but no extra costs or delays are expected.

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Timestamp Exemption Extended to 2030

If you are an Industry Member that reports trade data to the Consolidated Audit Trail (CAT) for Cboe Options, the exemptive relief that lets you truncate timestamps at the nanosecond level instead of providing finer precision has been extended from April 8, 2025 to April 8, 2030.

Truncate, Don’t Round, Timestamps

Industry Members that capture timestamps more granular than nanoseconds must truncate those timestamps after the nanosecond level (do not round up or down) when submitting data to CAT, and that truncation requirement applies through April 8, 2030.

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Key Dates

Effective Date
Published Date
6/18/2025
6/27/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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