6:00 am ET |
- Members can enter New orders to participate in CMC.
- Members can submit Cancel/Replace or Cancel requests.
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3:15 pm ET |
- Buy and Sell CMC Market orders that are eligible for the 3:15 p.m. matching session are matched based on time priority.
- Execution reports are sent to Members to indicate number of shares matched. Final execution price is provided
through a restatement when the official closing price becomes available.
- If 3:15 p.m. is the last matching session specified, remaining unmatched shares are cancelled back
to Members.
- If order is eligible for additional matching sessions, remaining unmatched shares will carry over to the next
matching session.
- Total size of all buy and sell orders matched via CMC in the 3:15 p.m. matching session are published through
the Cboe Auction feed and the Multicast PITCH feed.
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3:30 pm ET |
- Buy and Sell CMC Market orders that are eligible for the 3:30 p.m. matching session are matched based on time
priority.
- Execution reports are sent to Members to indicate number of shares matched. Final execution price is provided
through a restatement when the official closing price becomes available.
- If 3:30 p.m. is the last matching session specified, remaining unmatched shares are cancelled back to Members.
- If order is eligible for additional matching sessions, remaining unmatched shares will carry over to the next
matching session.
- Total size of all buy and sell orders matched via CMC in the 3:30 p.m. matching session are published through
the Cboe Auction feed and the Multicast PITCH feed.
|
3:49 pm ET (CMC Cutoff Time) |
- Final matching session for non-Nasdaq listed symbols.
- All New orders, Cancel/Replace and Cancel Requests for non-Nasdaq symbols are rejected.
- Buy and Sell CMC Market orders that are eligible for the 3:49 p.m. matching session are matched based on
time priority.
- Execution reports are sent to Members to indicate number of shares matched. Final execution price is
provided through a restatement when the official closing price becomes available.
- If 3:49 p.m. is the last matching session or is for a non-Nasdaq symbol, remaining unmatched shares are
cancelled back to Members.
- If order is for a Nasdaq symbol and is eligible for additional matching sessions, remaining unmatched shares
will carry over to the next matching session.
- Total size of all buy and sell orders matched via CMC in the 3:49 p.m. matching session are published through
the Cboe Auction feed and the Multicast PITCH feed.
|
3:54 pm ET (Nasdaq Symbols Only) |
Final matching session for Nasdaq listed symbols.
All New orders, Cancel/Replace and Cancel Requests for Nasdaq symbols are rejected.
Buy and Sell CMC Market orders that are eligible for the 3:54 p.m. matching session are matched based on
time priority.
Execution reports are sent to Members to indicate number of shares matched. Final execution price is
provided through a restatement when the official closing price becomes available.
Any remaining unmatched shares are cancelled back to Members.
Total size of all buy and sell orders matched via CMC in the 3:54 p.m. matching session are published through
the Cboe Auction feed and the Multicast PITCH feed.
|
4:00 pm - 8:00 pm ET |
- As the official closing price is published by the primary listing market, execution reports for previously
matched shares is sent to Members to reflect the official closing price as the execution price. Trade reports
are submitted to the SIP as reference trades with a “P” sale condition.
- Any update to the official closing price by the primary listing market will trigger execution reports to be restated with the updated official closing price for affected trades.
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8:00 pm ET |
- If a closing price is not received from the primary listing exchange, then all impacted CMC matched shares will be cancelled.
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