Cboe EDGA adds RTP time-in-force designation
Effective immediately, Cboe EDGA's members and sponsored participants may use the new "Regular `til Post Market" TIF for orders spanning regular and post-closing sessions.
On August 28, 2026, Cboe EDGA Exchange, Inc. filed a proposed rule change (File No. SR-CboeEDGA-2026-026; Release No. 34-106321) that the SEC published on September 10, 2026 (FR Doc No. 2026-18813, Vol. 91, No. 177, pp. 58482-58486). The filing seeks immediate effectiveness under Section 19(b)(1) of the Securities Exchange Act of 1934 and Rule 19b-4.
The amendment adds a new time-in-force (TIF) designation, "Regular `til Post Market" (RTP), to Rule 11.6(q). An RTP order is a limit order eligible for execution during Regular Trading Hours (9:30 a.m. to 4:00 p.m. ET) and, if unfilled, remains active for the Post-Closing Session (4:00 p.m. to 8:00 p.m. ET), expiring at the session's close.
To accommodate RTP, the Exchange proposes conforming changes to Rule 11.1, adding RTP to the list of TIFs restricted from entry before 7:00 a.m. ET; to Rule 11.7, allowing RTP orders in the Opening and Re-Opening Processes alongside Regular Hours Only (RHO) orders; and to Rule 11.8(c) and (d), inserting references to RHO where previously omitted.
The text of the proposed rule change is available on the SEC's website, the Exchange's website, and at the Exchange's principal office. The Commission is soliciting comments from interested persons.
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