Cboe DPM Appointments Expanded to Global and Curb Trading Sessions
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Cboe can now appoint Designated Primary Market-Makers for its Global Trading Hours and Curb sessions, not only for regular trading hours. The SEC approved the exchange’s amended rule change on an accelerated basis after receiving no public comments. The change mainly affects Cboe trading permit holders, market-makers, options traders, and firms active outside regular market hours. Firms that take DPM appointments may face quoting duties and priority rules across more than one trading session, so they should review staffing, systems, and risk controls for extended-hours market-making.
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Key Changes
- Cboe may appoint Designated Primary Market-Makers for Global Trading Hours and Curb sessions.
- DPM quoting obligations and priority rules may apply across multiple trading sessions.
- The SEC approved the amended Cboe rule change on an accelerated basis after no comments were received.