# 2026-19395: Cboe EDGX Demands Overnight Trade Guarantees from Members

2026-19395, Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 11.13(a) To Replace the Term “registered clearing agency” With “Qualified Clearing Agency;” Clarify That a Non-Member May Act as a Clearing Firm; and Require That a Member Seeking To Participate in the Exchange's Overnight Trading Session Maintain a Separate, Effective Letter of Guarantee or Authorization From a Clearing Firm, is a Federal Register notice from Securities and Exchange Commission published 2026-09-23, effective 2026-09-09; PRIA reads it as touching household money (as of 2026-09-30).

- Canonical: https://policyrisk.com/federal-register/2026-19395
- As of: 2026-09-30
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-19395
- Title: Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 11.13(a) To Replace the Term “registered clearing agency” With “Qualified Clearing Agency;” Clarify That a Non-Member May Act as a Clearing Firm; and Require That a Member Seeking To Participate in the Exchange's Overnight Trading Session Maintain a Separate, Effective Letter of Guarantee or Authorization From a Clearing Firm
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 60461
- Published: 2026-09-23
- Effective: 2026-09-09
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-09-30

## In one line

Cboe EDGX Demands Overnight Trade Guarantees from Members

## Summary

Cboe EDGX Exchange is updating its rules to use the term “Qualified Clearing Agency” instead of “registered clearing agency,” making it clear that non-members can act as clearing firms. Also, members who want to trade overnight must have a special letter from a clearing firm to guarantee their trades. These changes take effect immediately and help keep overnight trading smooth and secure.

## Effects PRIA read

- Non‑Members May Serve as Clearing Firms: benefit, low. If you are a Member (a registered broker‑dealer) or a firm that clears trades, the Exchange clarified that a non‑Member firm may act as a Clearing Firm to clear transactions for a Member. The rule states that non‑Member Clearing Firms remain subject to the membership requirements of a Qualified Cle…
- Overnight Trading Requires Separate Clearing Guarantee: cost, low. If you are a Member and want to trade in the Exchange's Overnight Trading Session (defined as 9:00 p.m. on the prior night to 4:00 a.m. Eastern Time), you must maintain a separate, effective letter of guarantee or authorization from a Clearing Firm that is properly authorized by the relevant Qualif…

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## Sources
- [2026-19395 on federalregister.gov](https://www.federalregister.gov/documents/2026/09/23/2026-19395/self-regulatory-organizations-cboe-edgx-exchange-inc-notice-of-filing-and-immediate-effectiveness-of)
- [2026-19395 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-09-23/pdf/2026-19395.pdf)

## Related
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- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-19395 (as of 2026-09-30).