Cboe BYX Exchange Increases Price Levels in Data Feeds
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This regulation allows Cboe BYX Exchange to increase the depth of price levels in its data feeds from five to twelve per side. The change impacts users of the Cboe One Premium and Summary Depth Data Feeds, providing them enhanced market transparency and potentially better trading insights.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Increased price levels from five to twelve in Cboe One Premium and Summary Depth Data Feeds
- Sunsetting five price levels feed by December 31, 2026
- Enhanced data feed clarity and definition
Obligations
What this law requires
Amend Rule 11.22(k) to increase the number of aggregated depth-of-book price levels in the BYX Summary Depth Data Feed from five (5) to twelve (12) price levels per side
Amend Rule 11.22(i) to offer twelve (12) aggregated depth-of-book price levels for Cboe One Premium Data Feed in addition to the existing five (5) price levels
Sunset the five (5) price level feed for Cboe One Premium Data Feed by December 31, 2026, with the specific date to be announced via Exchange Notice, after which only the twelve (12) level feed shall be offered
Define 'Cboe One Summary Data Feed' and 'Cboe One Premium Data Feed' within Rule 11.22(i) rule text to clarify these different feeds
Ensure both the BYX Summary Depth Data Feed and Cboe One Premium Data Feed include two-sided quotes and the number of shares available to buy and sell for up to twelve (12) price levels following implementation