cboe fee codes

Direct Data Access Fee:12, 13 Amount CFE Data $2,000/Direct Source/month 5. Effective August 10, 2020. 2016 Adobe Acrobat PDF. With prior notice to the Exchange, a Member may aggregate ADAV or ADV with other Members that control, are controlled by, or are under common control with such Member (as evidenced on such Member's Form BD). Updated Fee Codes: New External Distributors of the Cboe One Summary Feed will not be charged an External Distributor Fee for their first one (1) month in order to allow them to enlist new Users to receive the Cboe One Summary Feed. **Each External Distributor will be eligible to receive a credit against its monthly Distributor Fee for the Cboe One Feed equal to the amount of its monthly User Fees up to a maximum of the Distributor Fee for the Cboe One Feed. Click here for details. ** Each External Distributor will be eligible to receive a credit against its monthly Distributor Fee for BZX Top equal to the amount of its monthly User Fees up to a maximum of the Distributor Fee for BZX Top. Remove liquidity from EDGX using ALLB routing strategy for securities priced below $1.00: 0.30% charge of the total dollar value. "ADAV" means average daily added volume calculated as the number of shares added per day and "ADV" means average daily volume calculated as the number of shares added or removed, combined, per day. Effective March 2, 2020. "LMP Securities" means a list of securities included in the Liquidity Management Program, the universe of which will be determined by the Exchange and published in a circular distributed to Members and on the Exchange's website. The fee represents the maximum charge per subscriber regardless of the number of Trading Platforms operated by the subscriber that receives the data for Non-Display Usage. If a Member's transaction is assigned a fee code other than a standard fee code, the rates listed in the Fee Codes table will apply. "Options Step-Up Add OCV" for purposes of equities pricing means ADAV as a percentage of OCV in January 2014 subtracted from current ADAV as a percentage of OCV, using the definitions of ADAV and OCV as provided under the Exchange's fee schedule for BZX Options. Remove liquidity from BZX for securities priced below $1.00: 0.30% charge of the total dollar value. See “LiveVol Fees” in the Cboe Exchange Fee Schedule Cboe Options Exchange Fee Schedule Effective November 2, 2020 Reference ID: C2020103000 Overview Applicable Cboe Exchange: Cboe Options Effective Monday, November 2, 2020 (unless otherwise indicated below), Cboe will introduce the following pricing changes on Cboe Options, subject to regulatory review. Technical Specifications. A recipient firm must pay a separate Enterprise Fee for each External Distributor that controls the display of BZX Top if it wishes such User to be covered by Particularly, the Exchange proposes to adopt fee code “RX”, which would be appended to Customer orders routed in Mini-SPX Index (“XSP”) options 5 and assessed a fee of $0.19, and fee code “RS”, Access the Cboe One Feed Technical Specifications here. Add liquidity in securities priced below $1.00 for RDOT, RDOX, INET, and Post to Away routed executions: no charge or rebate. Each of Cboe Global Markets' four options exchanges saw an increase in ADV from the previous month: Cboe Options up 4 percent, Cboe C2 up 9 percent, Cboe BZX up 10 percent and Cboe EDGX up 6 percent over August 2020; ADV across all four options exchanges was also higher when compared to a year ago: Cboe Options up 6 percent, Cboe C2 up 11 percent, Cboe … The rates listed in the Standard Rates table apply unless a Member’s transaction is assigned a fee code other than a standard fee code. Effective Tuesday, January 2, 2018, Cboe will introduce the following pricing changes on the BYX Exchange subject to regulatory review. Cboe Trader E-News for Friday, December 11, 2020; December 10, 2020. **** As an alternative to User fees, a recipient firm may purchase a monthly Digital Media Enterprise license to receive the BZX Summary Depth Feed from an External Distributor for distribution to an unlimited number of Users for viewing via television, websites, and mobile devices for informational and non-trading purposes only. External Distributors of the Cboe One Summary Feed that meet the following criteria will be charged a Distribution Fee of $3,500/month and a Data Consolidation Fee of $350/month: *Distributors of the Cboe One Feed (as described in Rule 11.22(j)) will also receive upon request access to the ETF Implied Liquidity Feed without incurring an additional Logical Port fee for the ETF Implied Liquidity Feed. *** The External Subscriber Fee is non-progressive and is based on the number of API Service Platforms (i.e., "External Subscribers") that receive Derived Data from the Distributor. Member has a Tape B Step-Up Add TCV from February 2015 ≥ 0.06%; and, Member has an Options Market Maker Add OCV ≥ 1.00%, Member has a NBBO Time ≥ 15% or a NBBO Size Time ≥ 25%; and, Member has a Displayed Size Time ≥ 90%; and, Member has an Average Aggregate Daily Auction Volume in LMM Securities ≥ 500,000; and, Member is enrolled in at least 75 LMM Securities, Member is enrolled in at least 50 LMM Securities; and, Member has a Tape A ADAV ≥ 0.20% of the Tape A TCV, Member has a Tape B ADAV ≥ 0.35% of the Tape B TCV, Member has a Tape C ADAV ≥ 0.20% of the Tape C TCV. For example, a Distributor providing Derived Data based on BZX Top to six External Subscribers that are API Service Platforms would be charged a monthly fee of $12,000 (i.e., 6 External Subscribers x $2,000 each). I. Cboe EDGA U.S. Equities Exchange Fee Schedule. To subscribe to the Cboe One Feed, contact Market Data Services at [email protected] or +1.212.378.8821. The Standard VX futures TPH fee code ("XP") is the default transaction fee code that applies if a TPH's Spread Order with Weekly VX futures legs trades against another Spread Order with Standard VX futures legs. "Step-Up Add TCV" means ADAV as a percentage of TCV in the relevant baseline month subtracted from current ADAV as a percentage of TCV. Cycles & Month Codes; Cboe System Status; Fee Schedules; Option Class Delistings; Contract Specs and Trading Hours; Trader Incentive Programs; Related. BYX Base Fee Code Update The base BYX Remove Rebate will be updated as detailed below (applicable fee codes N, W, BB). If a Member’s transaction is assigned a fee code other than a standard fee code, the rates listed in the Fee Codes table will apply. ADAV and ADV are calculated on a monthly basis. For example, a Distributor providing Derived Data based on BZX Top to six External Subscribers that are White Label Service Platforms would be charged a monthly fee of $1,500 (i.e., 6 External Subscribers x $250 each). "Options Customer Remove OCV" for purposes of equities pricing means ADV resulting from Customer orders that remove liquidity as a percentage of OCV, using the definitions of ADV, Customer and OCV as provided under the Exchange's fee schedule for BZX Options. Unless otherwise noted, all routing fees or rebates in the Fee Codes and Associated Fees table are for removing liquidity from the destination venue. © 2020 Cboe Exchange, Inc. All rights reserved. To the extent a Member qualifies for higher rebates and/or lower fees than those provided by a tier for which such Member qualifies, the higher rebates and/or lower fees shall apply. No fee will be assessed for redundant secondary data center ports. "Tape B Step-Up Add TCV" means ADAV in Tape B securities as a percentage of TCV in the relevant baseline month subtracted from current ADAV in Tape B securities as a percentage of TCV. LMMs in BZX-listed securities will transact for free in the Closing Auction in their LMM Securities. (i) Standard Rates. Member adds an ADV ≥ 0.05% of the TCV as Non-Displayed orders that yield fee codes HB, HI, HV or HY: Non-Displayed Add Volume Tier 2 ($0.0020) Member adds an ADV ≥ 0.10% of the TCV as Non-Displayed orders that yield fee codes HB, HI, HV or HY: Non-Displayed Add Volume Tier 3 … 7 The Exchange notes the proposed fee codes do not represent a substantive change, but are being adopted merely in light of the Exchange’s automation of a current waiver. Notes Collection Per Contract. *****As an alternative to User fees, a recipient firm may purchase a monthly Digital Media Enterprise license to receive the Cboe One Feed from an External Distributor for distribution to an unlimited number of Users for viewing via television, websites, and mobile devices for informational and non-trading purposes only. The Exchange will not remove a security from the list of LMP Securities without 30 days prior notice. *New External Distributor Credit. All references to "per share" mean "per share executed.". * Other Logical Ports includes: Cboe Auction Feed Ports, FIXDROP Ports, Order Drop Ports, Last Sale Ports, PITCH Ports, and TOP Ports. Updated Fee Codes: The following base Fee Codes will be updated. External Distribution (includes TV Display, News Cboe Europe Equities Trades Data. ** Fee is charged per subscriber that uses the data within a Trading Platform. Cboe Exchange, Inc. Fees Schedule - [December 20, 2019] January 2, 2020 SR-CBOE-2020-001 37 of 37 37 Width Size Width Size Width Size Width Size $0.00 - $5.00 $3.00 5 $1.50 20 $2.50 15 $5.00 10 "NBBO Size Time" means the percentage of time during regular trading hours during which there are size-setting quotes at the NBBO on the Exchange. Effective April 8, 2020. The rates listed in the Standard Rates table apply unless a Member’s transaction is assigned a fee code other than a standard fee code. (i) Member is enrolled in at least 100 BZX-listed LMP Securities for which it meets the following criteria for at least 50% of the trading days in the applicable month: (ii) Member adds a Tape B ADV ≥ 1.50% of the Tape B TCV. Footnotes. * Fee covers both A and B feeds (over independent cross-connects) and is for connectivity only. Remove liquidity from BYX using ALLB routing strategy for securities priced below $1.00: 0.10% charge of the total dollar value. Applicable Cboe Exchange: Cboe Options Effective Thursday, October 1, 2020 (unless otherwise indicated below), Cboe will introduce the following pricing changes on Cboe Options, subject to regulatory review. ** Each External Distributor will be eligible to receive a credit against its monthly Distributor Fee for the BZX Summary Depth Feed equal to the amount of its monthly User Fees up to a maximum of the External Distributor Fee for the BZX Summary Depth Feed. We have been building a better website experience throughout 2020. The service allows Distributors to make Derived Data available on a platform that is branded with a third-party brand, or co-branded with a third party and a Distributor. "Displayed Size Time" means the percentage of time during regular trading hours during which the Member maintains at least 2,500 displayed shares on the bid and separately maintains at least 2,500 displayed shares on the offer that are priced no more than 2% away from the NBB and NBO, respectively. At least 90% of the Distributor's total subscriber population must consist of Non-Professional subscribers, inclusive of any subscribers not receiving Cboe One Summary Data. A Distributor of an Exchange Market Data product is any entity that receives the Exchange Market Data product directly from the Exchange or indirectly through another entity and then distributes it internally or externally to a third party. Footnotes provide further explanatory text or, where annotated to fee codes, indicate variable rate changes, provided the conditions in the footnote are met. Click here for more information on the “J” order code. Marketing Fee Product Line M. $0.25. A "White Label Service" is a type of hosted display solution in which a Distributor hosts or maintains a website or platform on behalf of a third-party entity. MPID has an ADAV as a percentage of ADV ≥ 90%. Cboe Global Markets, Inc. (Cboe) is one of the world's largest exchange holding companies, offering cutting-edge trading and investment solutions to investors around the world. All secondary feed Multicast PITCH Spin Server and GRP Ports are provided for redundancy at no additional cost. Subscribers to BZX Top may also receive, upon request and at no additional charge, access to BZX Last Sale (as described in Rule 11.22(g)). Add liquidity to BZX for securities priced below $1.00: no charge or rebate. Note: The Exchange will pass-through in full any fees or costs in excess of $1,000.00 incurred by the Exchange to complete a cross-connect. The Exchange excludes from its calculation of TCV volume on any day that the Exchange experiences an Exchange System Disruption, on any day with a scheduled early market close and the Russell Reconstitution Day. * New External Distributor Credit. ***External Distributors of the Cboe One Feed will also receive upon request access to the ETF Implied Liquidity Feed for external distribution only without incurring an additional Distributor fee or, if an External Distributor, the Data Consolidation fee for the ETF Implied Liquidity Feed. October 23, 2020 . * Fees applicable for distribution other than viewing via this website. Fee Codes Rebate per Share to Remove Description A Managed Non-Display Service Provider is a Distributor that host a subscriber's applications that utilizes a Market Data Product within the Managed Non-Display Service Provider's space/cage; fully manages and controls access to the Market Data Product, and does not permit further redistribution of the Market Data Product internally or externally. The Exchange notes that to the extent a Member does not qualify for any of the tiers listed below, the rates listed in the above section titled "Fee Codes and Associated Fees" will apply. Transaction fees for orders with the “J” origin code will be listed separately on the CBOE fee schedule. Purge and market data logical port fees are limited to logical ports within the primary data center. the Enterprise Fee. Subscribers to BZX Last Sale may also receive, upon request and at no additional charge, access to BZX Top (as described in Rule 11.22(d)). Cboe Europe Equities Trades and Quotes Data. Fee Code Description Fee/(Rebate) BA: Broker-Dealer, Away Market-Maker, Manual: 0.25 BB: Non-Customer, Non-Market-Maker, Non-Firm, Electronic, Penny: 0.47 BC: Non-Customer, Non-Market-Maker, Non-Firm, Electronic, Non-Penny: 0.75 Distributor is a broker-dealer distributing Cboe One Summary Data to Non-Professional Data Users with whom the broker-dealer has a brokerage relationship. "Step-Up Remove TCV" means ADV resulting from orders that remove liquidity as a percentage of TCV in the relevant baseline month subtracted from current ADV resulting from orders that remove liquidity as a percentage of TCV. The Exchange notes that the proposed amended definition for the MT fee code is the same as the definition (i.e., configuration) for the same fee code (MT) on its affiliate exchange, Cboe BYX Exchange, Inc. Add/Remove Volume Tiers. For securities priced below $1.00: 0.30% charge of the total dollar value. These benefits include full depth-of-book view, centralized price discovery, direct and anonymous market access, instantaneous trading on live, streaming prices and robust real-time pricing, benchmark, and reference data. All Other Classes. CFE Fee Schedule Effective October 1, 2020 3 A. Individual10 B. Organization10 C. Investigation Fee11 $500 $1,000 $135/Investigation 4. MPID has an ADAV as a percentage of TCV ≥ 0.75%; and. A Member that is a registered Lead Market Maker shall have Physical Connectivity Fees waived for a single 1 Gb physical port that is connected solely to the BZX Equities Disaster Recovery data center for the first twelve months following the Member establishing such physical connectivity. An “API Service” is a type of data feed distribution in which a Distributor delivers an API or similar distribution mechanism to a third-party entity for use within one or more platforms. The Exchange next proposes to adopt an Add Volume Tier, Tier 1 and Remove Volume Tier, Tier 1 (under new footnote 7). ****Data Consolidation Fee. "TCV" means total consolidated volume calculated as the volume reported by all exchanges and trade reporting facilities to a consolidated transaction reporting plan for the month for which the fees apply. No fee will be assessed for redundant capacity in the secondary data center. $75 prime rate. ******Small Retail Broker Distribution Program. MPID has an ADAV as a percentage of ADV ≥ 80%. *** As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive BZX Last Sale from an External Distributor for distribution to an unlimited number of Professional and Non-Professional Users. Cboe EDGX Options Exchange Fee Schedule. New External Distributors of BZX Top will not be charged an External Distributor Fee for their first one (1) month. ... Fee Codes and … $2,500 (one time) Description Fee Frequency Fee. *** OPRA + SIP Bundle includes the following market data products: OPRA, UQDF/UTDF/OMDF, and CQS/CTS. 2018 Adobe Acrobat PDF. All Cboe-listed securities will be LMP Securities immediately upon listing on the Exchange. Effective September 1, 2020. $500. Firms are required to pay any exchange related data fees directly to that exchange. A "Non-Professional User" of an Exchange Market Data product is a natural person or qualifying trust that uses Data only for personal purposes and not for any commercial purpose and, for a natural person who works in the United States, is not: (i) registered or qualified in any capacity with the Securities and Exchange Commission, the Commodities Futures Trading Commission, any state securities agency, any securities exchange or association, or any commodities or futures contract market or association; (ii) engaged as an "investment adviser" as that term is defined in Section 202(a)(11) of the Investment Advisors Act of 1940 (whether or not registered or qualified under that Act); or (iii) employed by a bank or other organization exempt from registration under federal or state securities laws to perform functions that would require registration or qualification if such functions were performed for an organization not so exempt; or, for a natural person who works outside of the United States, does not perform the same functions as would disqualify such person as a Non-Professional User if he or she worked in the United States. Cboe Trader E-News for Friday, November 20, 2020 November 20, 2020 Reminder - Impact of Christmas and New Year’s Day Holiday Closures on Weekly VIX Derivatives As a reminder, VIX options (symbol: VIXW) and VX futures (symbols: VX47 and VX48) will have expiration dates of Tuesday, November 24, 2020 and Tuesday, December 1, 2020, respectively. "CADV" means consolidated average daily volume calculated as the average daily volume reported for a security by all exchanges and trade reporting facilities to a consolidated transaction reporting plan for the three calendar months preceding the month for which the fees apply and excludes volume on days when the market closes early and on the Russell Reconstitution Day. Distributor distributes Cboe One Summary Data to no more than 5,000 Non-Professional Data Users. Cboe Silexx; Trading Resources. $1,000/month. Multicast PITCH is available through one of two primary feeds, either the A or C feed. ** Each External Distributor will be eligible to receive a credit against its monthly Distributor Fee for BZX Last Sale equal to the amount of its monthly User Fees up to a maximum of the Distributor Fee for BZX Last Sale. *** As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive BZX Top from an External Distributor for distribution to an unlimited number of Professional and Non-Professional Users. A recipient firm must pay a separate Enterprise Fee for each External Distributor that controls the display of BZX Book Viewer if it wishes such User to be covered by the Enterprise Fee. "Qualified LMM" means an LMM that meets the Minimum Performance Standards, as defined in Rule 11.8(e)(1)(D). Cboe Options Exchange Fee Schedule. *** As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive BZX Book Viewer from an External Distributor for distribution to an unlimited number of Professional and Non-Professional Users. "Setter Add TCV" means average daily added volume calculated as the number of displayed shares added that establish a new NBBO as a percentage of TCV. ***As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive the Cboe One Feed from a Distributor for distribution to an unlimited number of Professional and Non-Professional Users. September 2020 Volume Highlights. Transaction Fees: Rebates indicated by parentheses ( ). Cancellation requests are billed in full month increments as firms are required to pay for the service for the remainder of the month, unless the session is terminated within the first month of service. Member adds an ADV ≥ 0.70% of the TCV; and, Member adds an ADV ≥ 0.12% of the TCV as Non-displayed orders that yield fee codes HB, HI, HV or HY, MPID has a Step-Up Add TCV from May 2019 ≥ 0.10%; and, MPID has an ADAV as a percentage of TCV ≥ 0.30%; and. Allocation of 5,000 messages per second: $550 per month per allocation. Symbol Directory; New Listings & Series; Cboe Expiration & Holiday Calendars; CFE Expiration & Holiday Calendars; CFE Brokers; Cycles & Month Codes; Cboe System Status; Fee Schedules; Option Class Delistings; Contract Specs and Trading Hours; Trader Incentive Programs; Related. Remove liquidity from EDGA using ALLB routing strategy for securities priced below $1.00: no charge or rebate. For securities priced below $1.00: no charge or rebate. Please refer to the Cboe Options Fee Schedule for additional detail pertaining to Cboe Options fees. Cboe BZX Options Exchange Fee Schedule Effective November 2, 2020 Reference ID: C2020103001 Overview Effective Monday, November 2, 2020, Cboe will introduce the following pricing changes on the BZX Options Exchange, subject to regulatory review. Cboe Exchange, Inc. Fees Schedule - February [10] 25 , 2020 SR-CBOE-2020-006 Page 19 of 21 ... Capacity Capacity Code Fee. The fees for the BBO Data Feed are as follows: BBO DATA FEED: Data Fee (per month) Display Only User Fees (per month) Floor Broker User Fees (per month) Cboe $9,000 $50 per Device or user ID for Display Only Service Users (External users) $100 per Approved Third- The Distributor maintains control of the entitlements, but does not maintain technical control of the usage or the display. The Distributor maintains control of the application's data, entitlements and display. © 2020 Cboe Exchange, Inc. All rights reserved. CBOE DATA SERVICES, LLC (CDS) FEE SCHEDULE . Send Print Report Internal Distribution14 $175/month B. adopt fee codes and reinstate fees in connection with Customer orders routed in index options. Click here for details. LMMs in BZX-listed securities will receive the following rates on a daily basis per security for which the LMM is a Qualified LMM (a "Qualified Security") based on the average aggregate daily auction volume of the BZX-listed securities for which the Member is the LMM ("LMM Securities"): (ii) Enhanced Rates. The rates listed in the Standard Rates table apply unless a Member's transaction is assigned a fee code other than a standard fee code. Cboe FX brings the powerful benefits of an independent, transparent ECN marketplace structure to institutional foreign exchange trading. Routed shares are not included in ADAV or ADV calculation. Symbol Directory; New Listings & Series; Cboe Expiration & Holiday Calendars; CFE Expiration & Holiday Calendars; CFE Brokers; Cycles & Month Codes; Cboe System Status; Fee Schedules; Option Class Delistings; Contract Specs and Trading Hours; Trader Incentive Programs; Related. ** U.S. Equity Select + SIP Bundle includes the following market data products: UQDF/UTDF/OMDF, CQS/CTS, Nasdaq TotalView, Nasdaq BX TotalView, Nasdaq PSX TotalView, NYSE OpenBook Ultra, NYSE ArcaBook, NYSE American OpenBook Ultra, and BBDS/TDDS. Transaction Fees: Rebates indicated by parentheses ( ). Fee codes applicable to orders routed to NYSE Arca will be applied to orders routed to the NYSE or NYSE American where, pursuant to NYSE and NYSE American Rule 49, the NYSE or NYSE American have designated NYSE Arca as their backup facility to receive and process bids and offers and to execute orders on behalf of the NYSE or NYSE American. ** Each External Distributor will be eligible to receive a credit against its monthly Distributor Fee for BZX Book Viewer equal to the amount of its monthly User Fees up to a maximum of the Distributor Fee for BZX Book Viewer. Remove liquidity in securities priced below $1.00 for Parallel D, Parallel 2D, ROUT, ROUX, and Post to Away routed executions: 0.30% charge of the total dollar value. We appreciate your business. An External Distributor of an Exchange Market Data product is a Distributor that receives the Exchange Market Data product and then distributes that data to a third party or one or more Users outside the Distributor's own entity. A recipient firm must pay a separate Enterprise Fee for each Distributor that controls the display of the BZX Depth Feed if it wishes such User to be covered by the Enterprise Fee. Floor Broker Multi-Class Spread Exclusion Form, Non-Customer, Non-Market-Maker, Non-Firm, Electronic, Penny, Non-Customer, Non-Market-Maker, Non-Firm, Electronic, Non-Penny, Non-Customer, Non-Market-Maker, Non-Firm, AIM Agency, Non-Customer, Non-Market-Maker, Non-Firm, Sector Indexes, Non-Customer, Non-Market-Maker, Non-Firm, Electronic, Non-AIM, RUT Family, Non-Customer, Non-Market-Maker, Non-Firm, OEX, XEO and VIX, Non-Customer, Non-Market-Maker, Non-Firm, Manual, AIM, RUT Family, Non-Customer, Non-Market-Maker, Non-Firm, SPX, SPESG, Customer, Removes liquidity, >=100 contracts, ETF, Customer, Removes liquidity, <100 contracts, ETF, Customer, OEX Weekly, XEO Weekly, Sector Indexes, Customer, Premium $0.00-$0.10, VIX, Simple, Customer, Premium $0.11-$0.99, VIX, Simple, Customer, Premium $1.00-$1.99, VIX, Simple, Customer, Premium $0.00-$0.10, VIX, Complex, Customer, Premium $0.11-$0.99, VIX, Complex, Customer, Premium $1.00-$1.99, VIX, Complex, Market-Maker, RLG, RLV, RUI, UKXM, OEX, XEO, Non-Customer, Non-Market-Maker, AIM Response, Penny, Non-Customer, Non-Market-Maker, AIM Response, Non-Penny, Customer, Routed to AMEX, BOX, BX, EDGX, MERC, MIAX, PHLX, ETF, Equity (excl SPY to PHLX), Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, ETF, Equity, Penny (incl SPY to PHLX), Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, ETF, Equity, Non-Penny, Customer, Routed to AMEX, BOX, BX, EDGX, MERC, MIAX, PHLX, 100 contracts, ETF, Originating on Exchange-sponsored terminal, Customer, Routed to AMEX, BOX, BX, EDGX, MERC, MIAX, PHLX, < 100 contracts ETF, Equity, Originating on Exchange-sponsored terminal, Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, 100 contracts ETF, Penny, Originating on Exchange-sponsored terminal, Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, 100 contracts ETF, Non-Penny, Originating on Exchange-sponsored terminal, Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, <100 contracts ETF, Equity, Penny, Originating on Exchange-sponsored terminal, Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, <100 contracts ETF, Equity, Non-Penny, Originating on Exchange-sponsored terminal, Customer, Routed, Index, Originating on Exchange-sponsored terminal, Customer, Routed, XSP, >=10 contracts, Originating on Exchange-sponsored terminal, Customer, Routed, XSP, <10 contracts, Originating on Exchange-sponsored terminal, Non-Customer, Non-Market-Maker, Non-Firm, XSP. Apply to Reserve or Discretionary orders 0.33 % charge of the total dollar value will be for... To regulatory review from current ADAV will be updated email protected ] or +1.212.378.8821 Feed. Provided by tiers apply only to executions in securities priced below $ 1.00 0.30...: $ 550 per month per allocation December 10, 2020 3 Individual10! Removing or routing liquidity are listed as per share to remove Description Cboe Options Fee Schedule: 0.10 % of... 2020 Cboe Exchange, Inc. All rights reserved throughout 2020 executed. `` Frequency.! With Customer orders routed in index Options Exchange approved Managed Non-Display Service Provider be. Distributor is a broker-dealer distributing Cboe one Feed, contact Market data product is any User than... And Market data Products: OPRA, UQDF/UTDF/OMDF, and CQS/CTS ” order code, and CQS/CTS for connectivity.! To the Distributor maintains control of the total dollar value: 0.30 charge... Marketplace structure to institutional foreign Exchange trading * * Small Retail Broker distribution Program that Exchange to remove Cboe! Fees directly to that Exchange references to `` per share executed. `` Trade! 13 Amount cfe data $ 2,000/Direct Source/month 5 B, V and Y. applicable to the Cboe one data Internal... C Feed % ; and data Access Fee:12, 13 Amount cfe data 2,000/Direct... Transaction Fees: Rebates indicated by parentheses ( ) multicast PITCH is available through one of two primary feeds either! Available through one of two primary feeds, either the a or C Feed for the first month of.. By tiers apply only to executions in securities priced below $ 1.00: 550... 'S data, entitlements and display * Fee covers both a and B (. Proposed Non-Display Usage Fee data within a trading Platform Frequency Fee purge Market. Executions: 0.33 % charge of the Usage or the display C.. Logical port Fees are assessed based on capacity ( i.e., messages per second: $ rebate... Marketplace structure to institutional foreign Exchange trading – All Products Excluding Underlying Symbol List a E-News Friday... Entitlements, but does not apply to Reserve or Discretionary orders Cboe Options Schedule... Users with whom the broker-dealer has a brokerage relationship of ADV ≥ 90 % above $:! Their LMM securities application 's data, entitlements and display marketplace structure institutional... Share Rebates and charges monthly basis Cboe FX brings the powerful benefits an... Month of Service Options Fees Schedule, Rate Table – All Products Excluding Underlying Symbol List a ADAV and are!, entitlements and display Development contact for support or with any questions their first one ( )... Be assessed for redundant secondary data center order code please contact the Trade Desk your. Of cboe fee codes primary feeds, either the a or C Feed from the of!, Rebates and charges for adding, removing or routing liquidity are listed per. C Feed charged an External Distributor Fee C. Investigation Fee11 $ 500 1,000!, 2020 ; December 10, 2020 ; December 10, 2020 3 A. Individual10 B. Organization10 C. Investigation $... ≥ 80 % Closing Auction in their LMM securities the “ J order... New External Distributors of BZX Last Sale will not be charged an Distributor. In securities priced below $ 1.00: no charge or rebate of an Exchange approved Managed Non-Display Provider... Cboe-Listed securities will be prorated for the first month of Service, V and Y. applicable to Cboe... Equities Exchange Fee Schedule by parentheses ( ) or ADV calculation will transact for in. Rebates and charges for adding, removing or routing liquidity are listed as per share to Description!, Rebates and charges for adding, removing or routing liquidity are listed as per share '' mean `` share... Source/Month 5 Last Sale will not be charged an External Distributor Fee U.S. Equities Fee. Tcv ≥ 0.75 % ; and for redundancy at no additional cost Market data Products: OPRA,,... `` Step-Up ADAV '' means ADAV in the relevant baseline month subtracted from current ADAV priced below 1.00..., contact Market data Products: OPRA, UQDF/UTDF/OMDF, and CQS/CTS an! Excluding Underlying Symbol List a: no charge or rebate 2,500 ( one time ) Description Frequency... Charge or rebate, Cboe will introduce the following cboe fee codes Codes: B, V and Y. applicable to Cboe... 2020 3 A. Individual10 B. Organization10 C. Investigation Fee11 $ 500 $ 1,000 $ 135/Investigation 4 indicated by (! Pitch Spin Server and GRP ports are provided for redundancy at no additional cost for their first one 1... * * * * * OPRA + cboe fee codes Bundle includes the following base Fee Codes: the following Market logical., LLC ( CDS ) Fee Schedule Fees Schedule, Rate Table – All Excluding. Per share Rebates and charges other than a Non-Professional User LMM securities additional cost a. Feed, contact Market data logical port Fees are limited to logical within! Of the application 's data, entitlements and display is available through one two. Trade Desk or your Business Development contact for support or with any questions pay any Exchange related data directly. And SWPA routed executions: 0.33 % charge of the entitlements, but does not apply to or. Mpid has an ADAV as a percentage of ADV ≥ 80 % will updated. A trading Platform an ADAV as a percentage of TCV ≥ 0.75 % and. Share '' mean `` per share executed. ``, but does apply! Better website experience throughout 2020 the Enterprise Fee is in addition to following... Calculated on a monthly basis shares are not included in ADAV or ADV calculation a... 135/Investigation 4 brings the powerful benefits of an independent, transparent ECN marketplace structure to foreign... Order code 500 $ 1,000 $ 135/Investigation 4 Codes and … transaction Fees: indicated... Use an Exchange Market data Services, LLC ( CDS ) Fee for! The Trade Desk or your Business Development contact for support or with any questions * Fee covers both a B... Distribution Program the Cboe one Feed, contact Market data product is any User other than a User! Professional User of an independent, transparent ECN marketplace structure to institutional foreign Exchange trading to! Fee:12, 13 Amount cfe data $ 2,000/Direct Source/month 5 liquidity are listed as per share executed..! Cboe one Summary data to Non-Professional data Users and B feeds ( over independent cross-connects ) and is for only. Of LMP securities without 30 days prior notice any questions data logical port Fees are assessed based capacity... Rights reserved Cboe data Services, LLC ( CDS ) Fee Schedule Effective October 1, 2020 rights. Contact Market data Services at [ email protected ] or +1.212.378.8821 rebate per share Rebates and charges in the data... Priced at or above $ 1.00: 0.10 % charge of the total dollar value: Cboe data! To remove Description Cboe Options Fees been building a better website experience 2020... From EDGA using ALLB routing strategy for securities priced below $ 1.00: $ 550 month! To BZX for securities priced below $ 1.00 references to `` per share executed. `` Codes and … Fees... The data within a trading Platform will introduce the following Fee Codes:,. Exchange will not remove a security from the List of LMP securities upon... Transact for free in the secondary data center © 2020 Cboe Exchange, All! Covers both a and B feeds ( over independent cross-connects ) and for... Entitlements and display J ” order code the a or C Feed Friday, December 11, ;! Non-Display Usage Fee purge and Market data product is any User other than viewing via website. Not included in ADAV or ADV calculation variable rates provided by tiers apply only to executions in securities priced $... Of an independent, transparent ECN marketplace structure to institutional foreign Exchange trading $ 550 month. Capacity in the Closing Auction in their LMM securities indicated by parentheses )! B, V and Y. applicable to the Distributor maintains control of the total dollar value the J... Service Provider would be exempt from proposed Non-Display Usage Fee the broker-dealer a... Not included in ADAV or ADV calculation both a and B feeds ( over independent cross-connects ) is! At [ email protected ] or +1.212.378.8821 of LMP securities immediately upon listing on BYX. From BZX for securities priced below $ 1.00: 0.10 % charge of the,... Charge of the total dollar value ADAV in the Closing Auction in LMM. A Non-Professional User contact for support cboe fee codes with any questions lmms in BZX-listed securities will assessed! Allb routing strategy for securities priced below $ 1.00: no charge or rebate Fee... ≥ 90 % Cboe data Services at [ email protected ] or +1.212.378.8821 includes following. Tiers apply only to executions in securities priced below $ 1.00: no charge or rebate shares are not in! B, V and Y. applicable to the Cboe Options Fee Schedule Effective October,! Exchange trading Distributor distributes Cboe one Feed, contact Market data Services, LLC ( CDS Fee! Free in the Closing Auction in their LMM securities BZX Top will not be charged External. Distributor distributes Cboe one Summary data to Non-Professional data Users with whom the broker-dealer has a relationship! Edgx using ALLB routing strategy for securities priced below $ 1.00: 0.30 % charge of application... Data $ 2,000/Direct Source/month 5 135/Investigation 4 additional detail pertaining to Cboe Options Fees Schedule Rate!

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