Cboe Secures SEC Approval for Extended Trading Hours for Select Options

CBOE Global Markets has received SEC approval to extend trading hours for select multi-listed single-stock options, with the new session starting at 8:15 a.m. ET. The exchange has been pushing for longer options sessions to match the growing demand for around-the-clock derivatives trading, particularly from retail platforms and overseas institutional desks.

Extended hours give Cboe a competitive lever against rival options venues and 24-hour futures markets, where much of the after-hours hedging flow currently lands. The exchange already operates extended-hours sessions for index options on the S&P 500 and VIX; adding select single-stock names broadens the addressable order flow and supports Cboe's transaction-revenue mix.

Key items to watch: which single-stock symbols Cboe rolls out first, market-maker participation during the new session, and whether competing exchanges (Nasdaq, NYSE Arca Options) respond with comparable filings. Sustained after-hours volumes would be incremental to Cboe's net capture and operating leverage.

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• CBOE