Cboe Canada to add visible primary pegged order type to NEO Books
Effective September 30, 2025, subject to regulatory approval, the Cboe Canada Inc. NEO-L and NEO-N Trading Books will add a visible primary pegged order type.
Upon the effective date, visible primary pegged orders will be supported over FIX and BOE order entry protocols on the NEO-L and NEO-N Trading Books. Visible primary pegged orders will only be available during Regular Trading Hours (RTH) and will not participate in opening or re-opening auctions, but will participate in closing auctions if the price allows.
Only board lot size primary peg orders will be supported, and any odd lot or mixed lot orders will be rejected. Only non-aggressive primary pegged offsets will be supported, and primary pegged orders will only be allowed to quote at or away from the Protected National Best Bid or Best Offer.