Cboe EDGX Aligns $1 Options: Harmonizing Strikes with Sister Exchange
Published Date: 1/29/2025
Notice
Summary
Cboe EDGX Exchange is updating its rules to match its sister exchange, Cboe Options, when it comes to listing equity options with $1 strike prices. This change makes trading simpler and more consistent for investors and traders using both exchanges. The new rules took effect right after filing on January 15, 2025, with no extra costs or delays involved.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Harmonized $1 Strike Options Listings
The Exchange amended Rule 19.6 to harmonize the listing of equity options series with $1 strike prices with its affiliated exchange, Cboe Options. This change aligns how $1 strike price option series are listed across the two exchanges.
Immediate Effect on January 15, 2025
The Securities and Exchange Commission designated the proposed rule change to be operative upon filing, so the Exchange's amendments became effective on January 15, 2025. The Commission waived the normal 30-day operative delay to allow immediate harmonization of the $1 strike price listing rules.
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Previous: 2025-01853 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Harmonize the Equity Options Listing Rules of the Exchange in Regard to the Listing of Options Series With $1 Strike Prices With the Equity Options Listing Rules of Its Affiliated Exchange, Cboe Exchange, Inc.
Cboe BZX Exchange is updating its rules to match its sister exchange, Cboe Options, when it comes to listing equity options with $1 strike prices. This change makes trading simpler and more consistent for investors and traders using both exchanges. The new rules took effect right after filing on January 15, 2025, with no extra costs or delays.
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