Key Insights
- Cboe Options Exchange extends Global Trading Hours session by 10 minutes to 9:25 a.m. ET, effective August 26, 2024.
- Order acceptance cutoff time for volatility index product settlement moves from 9:20 a.m. to 9:26 a.m. ET.
- After new cutoff time, only SLOO orders and AMMQ will be allowed, aiming to improve market efficiency.
NEW YORK (MarketsXplora) – Cboe Options Exchange (C1) announced on Monday it will extend its Global Trading Hours (GTH) trading session by 10 minutes, effective August 26, 2024. The move aims to provide market participants with additional trading opportunities and improve market liquidity.
Under the new schedule, the GTH session will conclude at 9:25 a.m. ET, compared to the current end time of 9:15 a.m. ET. The Regular Trading Hours (RTH) session will maintain its 9:30 a.m. ET start time, resulting in a shortened five-minute pause between the two sessions.
In conjunction with this change, Cboe will also adjust the cutoff time for order acceptance during the volatility index product settlement opening process. The new cutoff time will be 9:26 a.m. ET, six minutes later than the current 9:20 a.m. ET deadline.
After the 9:26 a.m. ET cutoff, only Settlement Liquidity Orders on the Open (SLOO) and Appointed Market Maker Quotes (AMMQ) will be permitted. This adjustment is expected to enhance the efficiency of the settlement process for volatility index products.
The extension of GTH and the revised order cutoff time are part of Cboe’s ongoing efforts to optimize its trading environment and meet the evolving needs of market participants.
Meet Samson Ononeme, a dynamic writer, editor, and CEO of marketsxplora.com. With a passion for words and a sharp business acumen, he captivates readers with captivating storytelling and delivers insightful market analysis.