# 2026-22461: Four Exchanges, One Very Specific Report About Missed Liquidity

2026-22461, Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Introduce Enhancements to the Missed Liquidity Report Offered as Part of the Cboe Timestamping Service, is a Federal Register notice from Securities and Exchange Commission published 2026-11-04, effective 2026-10-21; PRIA reads it as touching household money (as of 2026-11-05).

- Canonical: https://policyrisk.com/federal-register/2026-22461
- As of: 2026-11-05
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-22461
- Title: Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Introduce Enhancements to the Missed Liquidity Report Offered as Part of the Cboe Timestamping Service
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 69601
- Published: 2026-11-04
- Effective: 2026-10-21
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-11-05

## In one line

Four Exchanges, One Very Specific Report About Missed Liquidity

## Summary

Cboe EDGX Exchange is upgrading its Missed Liquidity Report, part of the Cboe Timestamping Service, to give traders clearer and better info on missed trading chances. This change helps market pros track and improve their trading strategies faster and starts right away with no extra fees. If you trade or analyze stocks, these improvements will make your data smarter and more useful.

## Effects PRIA read

- Missed Liquidity Report Adds Auctions: benefit, low. If your firm submits complex auction orders, the Missed Liquidity Report will now include Complex Order Auction (COA) and Complex Automated Improvement Mechanism (C-AIM) events. The report will show time details for your eligible Auction Orders and for executions of other Auction Orders you tried t…
- New Auction Price Levels Field: benefit, low. For Auctions that clear across multiple price levels, the Missed Liquidity Report will now include a new price field showing each price level at which Auction Orders were executed and the price levels where the Recipient Member's orders, modify messages, and quotes were. This lets a subscribing Mem…
- Report Access, Timing, and Data Limits: benefit, low. The enhanced Missed Liquidity Report remains an optional product available to any Exchange Member that chooses to subscribe; it contains only historical data for the prior trading day (generally on a T+1 basis), does not include real-time market data, and provides data specific to the Recipient Mem…
- No Fee Increase Proposed Now: benefit, low. In the October 21, 2026 filing, the Exchange states it is not proposing any fee increases for the Cboe Timestamping Service at this time. (The Exchange separately plans a future filing to propose fees for the Missed Liquidity Report and Cancels Report.)

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- [2026-19260](https://policyrisk.com/federal-register/2026-19260): Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4, 2026-09-21
- [2026-18424](https://policyrisk.com/federal-register/2026-18424): Political Contributions by Certain Investment Advisers, 2026-09-10
- [2026-18190](https://policyrisk.com/federal-register/2026-18190): Transfer Agent Rules, 2026-09-04
- [2026-17183](https://policyrisk.com/federal-register/2026-17183): Regulation Crypto Assets, 2026-08-21

## Sources
- [2026-22461 on federalregister.gov](https://www.federalregister.gov/documents/2026/11/04/2026-22461/self-regulatory-organizations-cboe-edgx-exchange-inc-notice-of-filing-and-immediate-effectiveness-of)
- [2026-22461 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-11-04/pdf/2026-22461.pdf)

## Related
- [Previous: 2026-22460, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Im…](https://policyrisk.com/federal-register/2026-22460)
- [Next: 2026-22462, Submission for Office of Management and Budget Review; Voluntary Acknowledgment…](https://policyrisk.com/federal-register/2026-22462)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-22461 (as of 2026-11-05).