Cboe Canada NEO Platform Migration

Updated on: Jan 21, 2025

Latest Event


  • Jan. 2025 Cboe Canada Approval
  • On Jan. 16, 2025, Cboe Canada reported approval of trading policies amendments.
  • One comment letter received expressed general support, said harmonization essential.
  • Provided copy of amended policies, with amendments effective beginning Mar. 3, 2025.
  • In Dec. 2024, Cboe Canada reported on interruptions due to migration, see #237643.

On Aug. 15, Cboe Canada proposed to introduce new functionalities.

  • Cboe Canada proposed several new functionalities to NEO-L, NEO-N, NEO-D books.
  • In connection with a planned migration of the NEO Platform, to technology developed by parent company, Cboe Global Markets, Inc.; CSA OSC published proposal in bulletin
  • New functionalities, which will be codified in certain amendments to Trading policies.
  • Proposed New Functionalities
  • Amendments proposed to opening call and closing call processes; expanded self-trade prevention (STP) feature; in addition, odd lot orders and mixed lot orders support.
  • Certain provisions amended/deleted to extent feature they support not currently in use
  • Cboe also proposed to also make certain clean-up amendments to the Trading policies.
  • Exchange is seeking to implement the rule amendments on Mar. 3, 2025; a blackline of the rule amendments against existing rules is attached as Appendix A on page 6715.
  • Consultation
  • Comments should be provided in writing no later than Sep. 16, 2024.
  • Jan. 2025 Cboe Canada Approval
  • On Jan. 16, 2025, Cboe Canada reported approval of trading policies amendments.
  • One comment letter received expressed general support, said harmonization essential.
  • Provided copy of amended policies, with amendments effective beginning Mar. 3, 2025.
  • In Dec. 2024, Cboe Canada reported on interruptions due to migration, see #237643.
Regulators
Cboe Canada; CSA; CSA OSC
Entity Types
B/D; Exch
Reference
CSA OSC: Bul Vol. 47 Is. 33 p. 6707, RF, 8/15/2024; Cboe Canada: RF 2025-004, 1/16/2025; RF 2024-017, Nt 2024-017, 8/15/2024;
Functions
Compliance; Legal; Operations; Risk; Technology; Trading
Countries
Canada
Category
State
N/A
Products
Securities
Rule Type
Final
Regions
Am
Rule Date
Aug 15, 2024
Effective Date
Mar 3, 2025
Rule ID
223101
Linked to
N/A
Reg. Last Update
Jan 16, 2025
Report Section
International