SEC Delays Decision on Cboe's Global Trading Hour Market-Makers
Published Date: 3/30/2026
Notice
Summary
Cboe Exchange wants to update its rules to let special traders called Designated Primary Market-Makers (DPMs) work during new trading times, including Global Trading Hours and Curb Sessions. This change affects traders and could shake up how trading duties and benefits are shared across different sessions. The SEC is taking extra time to review this proposal, so a decision will come later than originally planned.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
DPM Appointments for GTH and Curb
Cboe proposed on January 30, 2026, to allow Designated Primary Market-Makers (DPMs) to be appointed for Global Trading Hours (GTH) and Curb Trading Hours (Curb). The proposal also says that DPM obligations and participation entitlements would apply in GTH and Curb sessions, and the SEC will act on the proposal by May 14, 2026.
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