Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 11.9(c)(11) and Rule 11.13(a)(4)(C)-(D) To Describe the Behavior of Non-Displayed Orders
Published Date: 4/17/2026
Notice
Summary
Cboe BZX Exchange is updating its rules to clearly explain how non-displayed orders work—these are orders that don’t show up on the public order book. This change affects traders using the BZX platform and helps everyone understand how these hidden orders behave during trading. The new rules took effect right away on April 8, 2026, with no extra costs involved.
No Economic Impacts Identified for this Document
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