Cboe files with the SEC to extend options trading hours

The post Cboe files with the SEC to extend options trading hours appeared on BitcoinEthereumNews.com.

Cboe needs everyone on Main and Wall Street to know that it is serious about extending trading floor’s window for options, as it filed a proposal with the Securities and Exchange Commission (SEC) on Monday asking to stretch operations beyond the usual 9:30 a.m. to 4 p.m. session. If approved, Cboe would include a morning session from 7:30 a.m. to 9:25 a.m. New York time and an afternoon session from 4 p.m. to 4:15 p.m., the filing shows. The company said this would align with growing global demand and reflect what’s already happening across equity exchanges, which are extending their hours to match activity in Europe and Asia. Cboe, one of the largest derivatives venues in the world, wants to give investors a way to react faster to international market events and manage volatility even when Wall Street’s lights are off. Equity option volumes have surged in recent years alongside the growth of retail investors and zero-day to expiry contracts. Volume climbed 68% to 1.29 billion contracts in September from 763 million two years earlier, according to Options Clearing Corp. data. Cboe expands access with selective rollout plan Unlike full-scale stock exchanges, Cboe isn’t flipping the switch for every contract. The exchange plans to limit the extended sessions to select equity options, chosen by metrics like volume, market capitalization, and share activity. This cautious rollout, detailed in its SEC filing, focuses on the most active products to ensure liquidity. Cboe also said in a statement that:- “Offering select equity options during these extended hours will help align the options market with the underlying equities and give investors more flexibility to manage risk and adjust positions outside of the traditional trading day. We view this as an incremental but meaningful step in light of the broader evolution towards 24×5 trading.” Infrastructure…