Cboe Adds Clock Service: Because Traders Need Perfect Time Alignment
Published Date: 3/30/2026
Notice
Summary
Cboe Exchange is launching a new Clock Service that helps traders and firms sync their clocks with the Exchange’s time. This makes tracking orders and messages super accurate and easier for everyone involved. The service is optional, open to all, and already effective as of March 16, 2026—no extra fees or delays announced yet!
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
Optional Cboe Exchange Clock Service
Cboe launched an optional Clock Service available to Members and non-Members effective March 16, 2026. The service supplies the Exchange's White Rabbit/PTP time signal (up to sub-nanosecond accuracy) so subscribers can synchronize their primary clocks to the Exchange and measure latency more precisely; the Exchange also intends to provide timestamps at nanosecond precision by the end of March.
Third-Party White Rabbit Hardware Needed
Participants that do not already have a White Rabbit clock synchronization device must acquire one from third-party vendors to use the Clock Service; participants are responsible for procuring any applicable licenses. The Exchange does not provide the White Rabbit device or optics.
1 Gbps Port Included; Fees Will Be Filed
The Clock Service includes a dedicated 1 Gbps Physical Port (to be used solely for the Clock Service and not for order routing). The Exchange intends to file a separate rule change to propose fees for the Clock Service, so subscription costs will be determined in a future filing.
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
2026-06475 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Cboe Rule 5.4
Cboe Exchange is changing the smallest price step for options on its Mini Bitcoin ETF Index to make trading smoother and clearer. This change affects traders using these options and kicks in quickly after approval, with no extra costs involved. The SEC gave this update a fast green light, so expect the new rules to start soon!
2026-06469 — Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing of Proposed Rule Change To Amend BOX Rules 5055 (FLEX Equity Options) and 3120 (Position Limits)
BOX Exchange wants to update its rules for special options tied to popular Bitcoin and Ethereum ETFs and trusts. These changes affect traders using FLEX equity options and position limits, aiming to keep things fair and clear. The new rules could impact how much traders can hold and trade, with the proposal open for public comments starting April 2026.
2026-06473 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposal To Amend the Exchange's Anti-Internalization Functionality in Equity 4, Rule 3307, and To Extend the Implementation Date of the CORE FIX Order Entry Protocol
Nasdaq PHLX is updating a rule that helps stop trades from accidentally happening within the same firm, which keeps trading costs down. They’re also pushing back the start date for a new order entry system called CORE FIX. These changes affect traders using Nasdaq PHLX and aim to make trading smoother without extra costs, with the new system launch delayed to give everyone more time to get ready.
2026-06462 — Self-Regulatory Organizations; 24X National Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt a Monthly Enterprise Fee for Its Depth of Book Proprietary Market Data Feed
24X National Exchange is starting a new monthly fee for companies using its special market data feed that shows detailed order info. This change affects businesses that rely on this data and kicks in right away, meaning they’ll pay a set monthly charge to access it. It’s a clear move to keep the data service running smoothly and fairly.
2026-06466 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposal To Amend the Exchange's Anti-Internalization Functionality in Equity 4, Rule 4757, and To Extend the Implementation Date of the CORE FIX Order Entry Protocol
Nasdaq is updating a rule that helps stop trades from accidentally happening within the same firm, which keeps trading fair and lowers costs. They’re also pushing back the start date for a new order entry system called CORE FIX to give everyone more time to get ready. These changes affect traders using Nasdaq and aim to make trading smoother without extra fees or delays.
2026-06463 — Joint Industry Plan; Notice of Filing of Amendment No. 1, and Order Instituting Proceedings To Determine Whether To Approve or Disapprove an Amendment to the National Market System Plan Regarding Consolidated Equity Market Data, as Modified by Amendment No. 1, To Adopt a Fee Schedule
Big stock market players like exchanges and trading groups want to start charging fees for sharing important stock data. They updated their plan after hearing feedback, and now the SEC is deciding if these new fees are fair and should go live. If approved, this could change how much it costs to get stock info starting soon.
Previous / Next Documents
Previous: 2026-06046 — Self-Regulatory Organizations; Cboe C2 Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Introduce an Exchange Clock Service
Cboe C2 Exchange is rolling out a new Clock Service that helps traders sync their clocks with the Exchange’s time for super accurate tracking of orders and messages. This optional service is open to all traders and could boost fairness and speed in trading. It’s effective immediately, so anyone interested can jump on board without delay—no extra fees mentioned yet!
Next: 2026-06050 — Taking and Importing Marine Mammals; Taking Marine Mammals Incidental to the Washington State Parks and Recreation Commission's Marine Facilities Replacement Program in North Puget Sound, Washington
The Washington State Parks want permission to accidentally disturb marine mammals while fixing up marine facilities in North Puget Sound for the next 5 years. The National Oceanic and Atmospheric Administration (NOAA) is asking the public to share their thoughts by April 29, 2026. This project affects local sea animals but helps improve park facilities without a direct cost impact mentioned.
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in