Cboe Options Exchanges Rule Filings

Rule filings are not effective until approved by the Securities and Exchange Commission ("SEC"), with the exception of certain types of rule filings that may take effect upon filing with the SEC if they meet the conditions specified under Section 19 of the Securities Exchange Act of 1934 and Rule 19b-4 thereunder. Below are pending rule filings submitted by the Exchange, followed by rule changes that have been approved by the SEC or became immediately effective pursuant to the Exchange Act.

Pending Rule Changes

SR-CBOE-2025-061
August 22, 2025
The Exchange proposes to amend Rules 5.37, 5.39, 5.73, and 5.74 to permit orders for the accounts of Market-Makers with an appointment in the applicable class on the Exchange, in all classes, to be solicited for the Initiating Order submitted for execution against an Agency Order into a simple AIM, simple SAM, FLEX AIM or FLEX SAM Auction.
SR-CBOE-2025-020 Amendment No. 2
July 23, 2025
The Exchange proposes a second amendment to SR-CBOE-2025-020.
SR-CBOE-2025-020
March 14, 2025
The Exchange proposes to eliminate position and exercise limits for options on the S&P 500 Equal Weight Index.
SR-CBOE-2025-017 Amendment No. 4
May 1, 2025
The Exchange proposes a fourth amendment to SR-CBOE-2025-017.
SR-CBOE-2025-017 Amendment No. 3
March 27, 2025
The Exchange proposes a third amendment to SR-CBOE-2025-017.
SR-CBOE-2025-017
March 14, 2025
The Exchange proposes to amend Rules 4.3, 4.20, and 8.30, to allow the Exchange to list and trade options on the VanEck Bitcoin Trust.
SR-CBOE-2025-014
March 5, 2025
The Exchange proposes to amend Rule 4.3 to permit the listing of options on Commodity-Based Trust Shares.
SR-CBOE-2025-011 Amendment No. 1
June 3, 2025
The Exchange proposes an amendment to SR-CBOE-2025-011.
SR-CBOE-2025-011
February 26, 2025
The Exchange proposes to amend Rule 4.13 to allow for expiring non-Volatility A.M.-settled index options to trade until the exercise settlement value is determined on the expiration date.
SR-CBOE-2025-004 Amendment No. 2
July 23, 2025
The Exchange proposes a second amendment to SR-CBOE-2025-004.
SR-CBOE-2025-004 Amendment No. 1
April 22, 2025
The Exchange proposes an amanedment to SR-CBOE-2025-004.
SR-CBOE-2025-004
February 14, 2025
The Exchange proposes to list CBTX and MBTX options that are P.M.-settled with daily expirations.
SR-CBOE-2024-036 Amendment No. 1
January 21, 2025
The Exchange proposes an amendment to SR-CBOE-2024-036.
SR-CBOE-2024-036
August 19, 2024
The Exchange proposes to list options on Ethereum ETFs.

Approved and Immediately Effective Rule Changes

SR-CBOE-2025-064
September 2, 2025
The Exchange proposes to remove fees related to the Cboe Legacy Silexx platform and to remove a previous waiver for FLEX and Cboe Silexx FIX Connections.
SR-CBOE-2025-063
September 2, 2025
The Exchange proposes to amend its Fees Schedule to adopt an administrative fee to offset its costs in administering the Marketing Fee program.
SR-CBOE-2025-062
August 25, 2025
The Exchange proposes to amend its fee schedule to adopt fees for the All Cancels Report.
SR-CBOE-2025-060
August 18, 2025
The Exchange proposes to update rules regarding requirements to submit annual audits to the Exchange.
SR-CBOE-2025-059
August 12, 2025
The Exchange proposes to adopt complex quoting functionality.
SR-CBOE-2025-058
August 7, 2025
The Exchange proposes to amend Rules 4.20 and 8.35 to permit Flexible Exchange (“FLEX”) Options on iShares Bitcoin Trust, Grayscale Bitcoin Trust, the Grayscale Bitcoin Mini Trust, and the Bitwise Bitcoin ETF.
SR-CBOE-2025-057
August 7, 2025
The Exchange proposes to amend certain Lead Market-Maker (“LMM”) Incentive Programs by increasing or decreasing quote width and size requirements, and increasing or decreasing rebate amounts, as applicable, and to amend the Fees Schedule to include further clarifying information regarding the operation of its LMM Incentive Programs.
SR-CBOE-2025-056
August 6, 2025
The Exchange proposes to amend position limits of certain Bitcoin ETF options.
SR-CBOE-2025-054
August 5, 2025
The Exchange proposes to adopt a new market data report.
SR-CBOE-2025-053
August 5, 2025
The Exchange proposes to amend Interpretation and Policy .06 of Rule 4.3 to permit the listing of options on an exchange-traded fund as defined in Rule 6c-11 under the Investment Company Act of 1940 (“Rule 6c-11”).
SR-CBOE-2025-051
July 28, 2025
The Exchange proposes to amend its Fee Schedule to provide a temporary discount for ad hoc purchases of Cboe Options Historical Depth Data.
SR-CBOE-2025-050
July 16, 2025
The Exchange proposes to amend its Fees Schedule with respect to its Frequent Trader Program and to clarify criteria related to its Floor Broker Sliding Scale Supplemental Rebate Program.
SR-CBOE-2025-049
July 14, 2025
The Exchange proposes to amend fees related to the Cboe Legacy Silexx platform versions.
SR-CBOE-2025-047
July 9, 2025
The Exchange proposes to amend its opening process for simple orders in exclusively listed index option classes.
SR-CBOE-2025-044
June 27, 2025
The Exchange proposes to amend its “Consolidated Audit Trail Funding Fees” fee schedule to establish fees for Industry Members related to reasonably budgeted CAT costs of the National Market System Plan Governing the Consolidated Audit Trail (the “CAT NMS Plan” or “Plan”) for the period from July 1, 2025 through December 31, 2025.
SR-CBOE-2025-043
June 18, 2025
The Exchange proposes to amend Rule 7.25 of the Exchange’s compliance rule (“CAT Compliance Rule”).
SR-CBOE-2025-042
June 13, 2025
The Exchange proposes to introduce a One-Minute Interval Intraday Open-Close Report.
SR-CBOE-2025-040
June 2, 2025
The Exchange proposes to amend its Fees Schedule with respect to Professional orders transacted on the trading floor (i.e., manual) in Equity, ETF, and ETN Options, Sector Indexes and All Other Index Products and to adopt a Floor Broker Sliding Scale Supplemental Rebate Program.
SR-CBOE-2025-039
May 23, 2025
The Exchange proposes to permit the Exchange to impose a maximum contract size on Agency Orders submitted into FLEX AIM Auctions that are SPX FLEX v. Non-FLEX Orders.
SR-CBOE-2025-037
May 14, 2025
The Exchange proposes to amend its rules to clarify the timing requirements of when fees must be submitted with an application and when the application will be deemed to be automatically withdrawn.
SR-CBOE-2025-035
May 6, 2025
The Exchange proposes to update its Fee Schedule to provide a temporary 20% discount on fees assessed to Exchange Trading Permit Holders and non-Trading Permit Holders that purchase $20,000 or more of ad hoc purchases of historical Open-Close Data, effective April 23, 2025 through June 30, 2025.
SR-CBOE-2025-034
May 1, 2025
The Exchange proposes to amend its Fees Schedule with respect to Market-Maker orders transacted on the trading floor.
SR-CBOE-2025-033
May 1, 2025
The Exchange proposes to implement an Excessive Mass Cancel and Purge Fee for SPXW.
SR-CBOE-2025-031
April 29, 2025
The Exchange proposes to amend functionality relating to the processing of auction responses.
SR-CBOE-2025-030
April 23, 2025
The Exchange proposes to update its Fees Schedule in connection with the Exchange’s plans to list and trade options that overlie the S&P 500 Equal Weight Index.
SR-CBOE-2025-028
April 15, 2025
The Exchange proposes to amend its Fees Schedule relating to the Options Regulatory Fee.
SR-CBOE-2025-026
April 10, 2025
The Exchange proposes to amend Rules 4.3, 4.20, and 8.30, to allow the Exchange to list and trade options on the Grayscale Ethereum Trust ETF, the Grayscale Ethereum Mini Trust ETF, and the Bitwise Ethereum ETF.
SR-CBOE-2025-025
April 9, 2025
The Exchange proposes to amend its Rules to allow the Exchange to list options on the iShares Ethereum Trust (the “Trust”).
SR-CBOE-2025-022 Amendment No. 1
April 29, 2025
The Exchange proposes an amendment to SR-CBOE-2025-022.
SR-CBOE-2025-022
March 20, 2025
The Exchange proposes to amend Rule 4.13 to allow the Exchange to list and trade p.m.-settled SPEQF and SPEQX options.
SR-CBOE-2025-019
March 14, 2025
The Exchange proposes a rule change to make administrative changes related to SPESG, SPEQF, and SPEQX options.
SR-CBOE-2025-016
March 13, 2025
The Exchange proposes to amend fees for the Cboe Legacy Silexx platform versions.
SR-CBOE-2025-015
March 10, 2025
The Exchange proposes to amend Rules 8.16 and 9.2 related to the production of an annual report from Trading Permit Holders to the Exchange.
SR-CBOE-2025-013
February 25, 2025
The Exchange proposes to amend its rules related to the Preferred Market-Maker (“PMM”) participation entitlement.
SR-CBOE-2025-010
February 13, 2025
The Exchange proposes to amend its fee schedule to adopt fees for Cboe Timestamping Service reports.
SR-CBOE-2025-009
February 12, 2025
The Exchange proposes to amend its Fees Schedule to adopt a Global Trading Hours (“GTH”) Surcharge fee applicable to certain Market-Maker transactions in Mini-SPX Index (“XSP”) options and to amend certain Lead Market-Maker (“LMM”) Incentive Programs.
SR-CBOE-2025-005
February 3, 2025
The Exchange proposes to amend the fee for the Cboe Legacy Silexx Basic platform.
SR-CBOE-2025-003
January 10, 2025
The Exchange proposes to adopt Cboe Timestamping Service which is a market data service comprised of two distinct market data reports.
SR-CBOE-2025-002
January 8, 2025
The Exchange proposes to permit TPHs to opt out of systematic adjustment of AIM auction price if outside of NBBO upon receipt.
SR-CBOE-2025-001
January 2, 2025
The Exchange proposes to amend fees for the Cboe Legacy Silexx platform versions.