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-2025-069
- September 24, 2025
- The Exchange proposes to permit penny and nickel trading increments for MGTN options.
- SR-CBOE-2025-068
- September 10, 2025
- The Exchange proposes to permit options on the Cboe Magnificent 10 Index to be P.M.-settled with daily, monthly, quarterly, and third Friday-of-the-month expirations.
- 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-2025-017 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.
Approved and Immediately Effective Rule Changes
- SR-CBOE-2025-067
- September 10, 2025
- The Exchange proposes to add options on the Cboe Magnificent 10 Index to certain rules and to change the Market-Maker appointment tier for certain index options.
- SR-CBOE-2025-066
- September 10, 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¸ as well as remove a previous waiver for market data fees incurred by new users of the Cboe Legacy Silexx platform during the migration to the new Cboe Silexx platform.
- SR-CBOE-2025-065
- September 9, 2025
- The Exchange proposes to amend Rule 7.10.
- 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-2025-020 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-2025-019
- 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.