SEC Pushes Back Review on Cboe's Opening Auction Delay Proposal
Published Date: 3/16/2026
Notice
Summary
The Cboe BZX Exchange wants to change how its Opening Auction works by delaying it during certain market conditions to get better prices. The SEC is taking extra time, until April 27, 2026, to review this idea carefully. This change could affect traders by helping prices better match the real market before trades happen.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Delay Opening Auction to Improve Prices
The Cboe BZX Exchange proposed changing its Opening Auction so the auction can be delayed under certain market conditions to improve price discovery and allow executions to occur at prices that better reflect current market conditions. The Securities and Exchange Commission is reviewing that proposal and has set April 27, 2026 as the date by which it will take action.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-09992 — Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 611
The SEC is asking to keep collecting info from about 305 financial firms to make sure they follow Rule 611, which stops bad trades that hurt investors. These firms spend around 60 hours a year updating their rules to avoid trading at worse prices than others. This extension keeps things running smoothly with an estimated yearly cost of about $9.5 million for legal and compliance work.
2026-09960 — Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 515A, MIAX Emerald Price Improvement Mechanism and PRIME Solicitation Mechanism
MIAX Emerald is updating its rules to let Market Makers join special auctions called PRIME and cPRIME as potential trading partners. This change helps speed up trades and could improve prices for investors using these options. The new rule took effect right after filing on May 1, 2026, so Market Makers and traders should get ready for smoother, faster deals!
2026-09967 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Chapter 8 of the Exchange's Rulebook Relating To Investigative and Disciplinary Matters
Cboe EDGX Exchange is updating its rules about how it investigates and disciplines its members and their associates. These changes clarify who the Exchange can discipline and improve the process to keep things fair and clear. The new rules took effect right after filing on May 4, 2026, with no new fees involved.
2026-10015 — U.S. Bancorp, et al.; Notice of Application and Temporary Order
U.S. Bancorp and its partners got a temporary green light to keep doing some fund services despite a court order against BTIG from 2022. This temporary okay lasts until the SEC decides on a permanent solution, so things keep running smoothly without money hiccups. If you want to speak up, you’ve got until June 9, 2026, to ask for a hearing.
2026-09990 — Self-Regulatory Organizations; 24X National Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend 24X Rule 1.5(c) To Extend by Seven (7) Months the Deadline by Which 24X Must File With the Commission the 24X Market Session Proposed Rule Change Regarding the Commencement of the 24X Market Session
24X National Exchange is getting an extra seven months to file a rule change about when their market session starts. This gives them more time to get everything just right before sharing it with the SEC. Traders and market watchers should keep an eye out for updates, but no money changes or risks are happening right now.
Previous / Next Documents
Previous: 2026-05019 — Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing of a Proposed Rule Change To Adopt New Options Rule 3B To List and Trade Outcome-Related Options
Nasdaq MRX wants to start trading a new kind of option called Outcome-Related Options (OROs), which are simple yes-or-no bets based on the Nasdaq-100 and Nasdaq-100 Micro indexes. This change affects traders who like quick, clear results and could open fresh ways to invest or hedge risks. The new rules are up for review now, so keep an eye out for when these options might hit the market and how they could impact your trading game.
Next: 2026-05021 — Committee on Rules of Practice and Procedure; Meeting of the Judicial Conference
The Committee on Rules of Practice and Procedure is meeting in Chicago on June 3-4, 2026, with options to join remotely. This change affects anyone interested in watching the meeting, which is open to the public but only for observing, not participating. If you want to attend in person, you must register by May 27, 2026, and there’s no cost to watch either way.