On Feb. 18, 2025, CFTC issued notice of certification of proposed rule amendments.
On Feb. 3, Cboe SEF issued amendments to order review timeframe.
Cboe SEF submitted certification to CFTC, issued notice to revise Cboe SEF Rulebook to change order review timeframe (ORT) with respect of full amount platform, order book
Changed the order review timeframe in respect of the SEF Order Book to reduce maximum ORT from 35ms to 20ms, and reduce maximum ORT from 20ms to 10ms.
Updated the order review timeframe in respect of full amount platform to reduce maximum ORT from 35ms to 20ms, and reduce maximum ORT from 20ms to 10ms.
Effectiveness
Reduction of maximum ORT from 35ms to 20ms effective Apr. 1, 2025, and the reduction of the maximum ORT from 20ms to 10ms effective Oct. 1, 2025.
Feb. 2025 CFTC Certification
On Feb. 18, 2025, CFTC issued notice of certification of proposed rule amendments.
