Cboe Submits Retail Order Priority Filing

In a bid to provide greater transparency into the equities market for individual investors, Cboe Global Markets has submitted a rule filing related to retail priority, according to a story in MarketsMedia. In a filing to the Securities and Exchange Commission, Cboe said that the proposal will serve to benefit millions of individual investors by introducing enhanced order book priority for their orders. The proposal would provide execution priority to retail limit orders on the Cboe EDGX Exchange (EDGX), meaning that the priority for orders on EDGX would be price/display/retail/time.