- Modifications Concerning Cross Orders Are Immediately Effective.
On December 24th, the SEC granted immediate effectiveness to the Chicago Board Options Exchange's proposed modification of CBSX Rule 51.8 to add pegged cross orders, to add an interpretation regarding pricing of cross orders, and to provide greater flexibility to intermarket sweep orders. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of January 4th. SEC Release No. 34-61241.