cboe fee codes

5 See Cboe U.S. Options Fee Schedules, Fees Codes and Associated Fees, which provides that fee code CA is appended to Customer orders for greater than or equal to 100 contracts that remove liquidity in ETF [sic] options and are assessed a fee of $0.18, and that fee code CD is appended to Customer orders for less than 100 contracts that remove **** As an alternative to User fees, a recipient firm may purchase a monthly Digital Media Enterprise license to receive BZX Book Viewer 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. "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. Routed shares are not included in ADAV or ADV calculation. Cycles & Month Codes; Cboe System Status; Fee Schedules; Option Class Delistings; Contract Specs and Trading Hours; Trader Incentive Programs; Related. Transaction fees for orders with the “J” origin code will be listed separately on the CBOE fee schedule. 50% of standard price. MPID has an ADAV as a percentage of ADV ≥ 80%. * A Distributor that provides a White Label Service or API Service for Derived Data taken from BZX Top is liable for these fees instead of the fees normally applicable for the distribution of BZX Top. ADAV and ADV are calculated on a monthly basis. *** 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. "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. Notes Collection Per Contract. Updated Fee Codes: The following base Fee Codes will be updated. 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. 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). External Distribution (includes TV Display, News orders that yield fee codes DM, HA, HI, MM or RP Non-Displayed Add Volume Tier 3 ($0.0025) Member has an ADAV ≥ 0.05% 0.10% of TCV for Non-Displayed orders that yield fee codes DM, HA, HI, MM or RP More Information Please contact the Cboe Trade Desk or your Director of Sales with any questions. 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. Effective March 2, 2020. 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. 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)). The Exchange will not remove a security from the list of LMP Securities without 30 days prior notice. Access the Cboe One Feed Technical Specifications here. $2,500 (one time) Description Fee Frequency Fee. "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. 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. Transaction Fees: Rebates indicated by parentheses ( ). To subscribe to the Cboe One Feed, contact Market Data Services at [email protected] or +1.212.378.8821. Send Print Report BYX Base Fee Code Update The base BYX Remove Rebate will be updated as detailed below (applicable fee codes N, W, BB). Market Data Distribution Fees: Amount A. Allocation of 5,000 messages per second: $550 per month per allocation. Updated Fee Codes: 2019 Adobe Acrobat PDF. 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- Effective Tuesday, January 2, 2018, Cboe will introduce the following pricing changes on the BYX Exchange subject to regulatory review. Cboe Silexx; Trading Resources. We have been building a better website experience throughout 2020. Non-Display Usage means any method of accessing a Market Data product that involves access or use by a machine or automated device without access or use of a display by a natural person or persons. *** As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive the BZX Depth Feed from a Distributor for distribution to an unlimited number of Professional and Non-Professional Users. 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. "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. We appreciate your business. 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. "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. Footnotes. 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. **** As an alternative to User fees, a recipient firm may purchase a monthly Digital Media Enterprise license to receive BZX Last Sale 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. ****Data Consolidation Fee. ***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. 2016 Adobe Acrobat PDF. October 23, 2020 . Fee Code Description Fee/(Rebate) Securities at or above $1.00 Fee/(Rebate) Securities below $1.00; 10: Routed to NYSE Arca, adds liquidity (Tape B) (0.00220) Free: 2: Routed to NASDAQ using INET routing strategy (Tape B) 0.00300 0.30% of Dollar Value: 3 CBOE DATA SERVICES, LLC (CDS) FEE SCHEDULE . Please contact the Trade Desk or your Business Development contact for support or with any questions. All Cboe-listed securities will be LMP Securities immediately upon listing on the Exchange. $500. September 2020 Volume Highlights. Transaction Fees: Rebates indicated by parentheses ( ). 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. LMMs in BZX-listed securities will receive the following rates on a daily basis per Qualified Security for which they also meet certain enhanced market quality standards (an “Enhanced Security”) in addition to the Standard Rates above: Applicable to the following fee codes: AC and AL. 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. MPID has an ADAV as a percentage of ADV ≥ 90%. Cboe BZX Options Exchange Fee Schedule. "Options Market Maker Add OCV" for purposes of equities pricing means ADAV resulting from Market Maker orders as a percentage of OCV, using the definitions of ADAV, Market Maker and OCV as provided under the Exchange's fee schedule for BZX Options. The rates noted above do not reflect any applicable CFE Regulatory Fee assessed for CFE transactions. Note: If a Member is pending a voluntary termination of rights as a Member pursuant to Rule 2.8 prior to the date any Annual Membership Fee for a given year will be assessed (i.e., January 1, 2015) and the Member does not utilize the facilities of the Exchange while such voluntary termination of rights is pending, then the Member will not be obligated to pay the Annual Membership Fee. December 11, 2020. 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. 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. 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. 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. All references to "per share" mean "per share executed.". 50% of standard price. ** 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. "Step-Up ADAV" means ADAV in the relevant baseline month subtracted from current ADAV. The Enterprise Fee is in addition to the Distributor Fee. Distributor distributes Cboe One Summary Data to no more than 5,000 Non-Professional Data Users. 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 2017 Adobe Acrobat PDF. Cboe Europe Equities Trades Data. Unless otherwise indicated, rebates and charges for adding, removing or routing liquidity are listed as per share rebates and charges. Transaction Fees: Rebates indicated by parentheses ( ). I. Cboe Options Exchange Fee Schedule. Remove liquidity from EDGA using ALLB routing strategy for securities priced below $1.00: no charge or rebate. All secondary feed Multicast PITCH Spin Server and GRP Ports are provided for redundancy at no additional cost. Add liquidity to BZX for securities priced below $1.00: $0.00009 rebate. We have been building a better website experience throughout 2020. 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 LMMs in BZX-listed securities will transact for free in the Closing Auction in their LMM Securities. No fee will be assessed for redundant secondary data center ports. Click here for more information on the “J” order code. * New External Distributor Credit. 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. "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. 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. ******Small Retail Broker Distribution Program. © 2020 Cboe Exchange, Inc. All rights reserved. Marketing Fee Product Line M. $0.25. A Distributor that provides a White Label Service or API Service for BZX Top data that is not Derived Data or distributes Derived Data through a platform other than a White Label Service or API Service would be liable for the fees normally applicable for the distribution of BZX Top. 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. No fee will be assessed for redundant capacity in the secondary data center. adopt fee codes and reinstate fees in connection with Customer orders routed in index options. $500. Such LMP Securities will include all Cboe-listed ETPs and certain non-Cboe-listed ETPs for which the Exchange wants to incentivize Members to provide enhanced market quality. New External Distributors of BZX Top will not be charged an External Distributor Fee for their first one (1) month. Unless otherwise indicated, variable rates provided by tiers apply only to executions in securities priced at or above $1.00. 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. (i) Member is enrolled in at least 50 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 ≥ 0.50% of the Tape B TCV. 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. The service allows Distributors to provide Derived Data to a third-party entity for use within one or more downstream platforms that are operated and maintained by the third-party entity. "Options Add OCV" for purposes of equities pricing means ADAV as a percentage of OCV, using the definitions of ADAV and OCV as provided under the Exchange's fee schedule for BZX Options. *****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. Source: Cboe One Data Feed Internal Analysis using data from 2020-12-14 Cboe Europe Equities Trades and Quotes Data. 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. Multicast PITCH is available through one of two primary feeds, either the A or C feed. Remove liquidity from EDGX using ALLB routing strategy for securities priced below $1.00: 0.30% charge of the total dollar value. 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. Unless otherwise noted, all routing fees or rebates in the Fee Codes and Associated Fees table are for removing liquidity from the destination venue. (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. "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. Cboe EDGX Options Exchange Fee Schedule. 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. Footnotes provide further explanatory text or, where annotated to fee codes, indicate variable rate changes, provided the conditions in the footnote are met. The Exchange excludes from its calculation of ADAV and ADV shares added or removed on any day that the Exchange's system experiences a disruption that lasts for more than 60 minutes during regular trading hours ("Exchange System Disruption"), on any day with a scheduled early market close and on the last Friday in June (the "Russell Reconstitution Day"). ** 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. Cboe Silexx; Trading Resources. 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. The non-displayed rebate does not apply to Reserve or Discretionary orders. 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. ** The External Subscriber Fee is non-progressive and is based on the number of White Label Service Platforms (i.e., "External Subscribers") that receive Derived Data from the Distributor. Distributor is a broker-dealer distributing Cboe One Summary Data to Non-Professional Data Users with whom the broker-dealer has a brokerage relationship. Cboe Options Fees Schedule, Rate Table – All Products Excluding Underlying Symbol List A. $1,000/month. ** 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. A recipient firm must pay a separate Enterprise Fee for each Distributor that controls the display of the Cboe One Feed if it wishes such User to be covered by the Enterprise Fee. New External Distributors of BZX Last Sale will not be charged an External Distributor Fee for their first one (1) month. "NBBO Time" means the average of the percentage of time during regular trading hours during which the Member maintains at least 100 shares at each of the NBB and NBO. *** 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. 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. "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. 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 next proposes to adopt an Add Volume Tier, Tier 1 and Remove Volume Tier, Tier 1 (under new footnote 7). Add liquidity in securities priced below $1.00 for RDOT, RDOX, INET, and Post to Away routed executions: no charge or rebate. 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. 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. "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. An Internal Distributor of an Exchange Market Data product is a Distributor that receives the Exchange Market Data product and then distributes that data to one or more Users within the Distributor's own entity. Latest News. Providing education, case studies, business development resources and more, the Options Institute helps advisors understand the tactical benefits options can provide for their portfolio management strategies. Click here for details. The Unicast Access Order Entry fee shall not be charged for bandwidth required to access BZX, BYX, EDGA, EDGX, BZX Options, and EDGX Options. © 2020 Cboe Exchange, Inc. All rights reserved. 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. ... Fee Codes and … For securities priced below $1.00: no charge or rebate. 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. 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. **** As an alternative to User fees, a recipient firm may purchase a monthly Digital Media Enterprise license to receive BZX Top 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. Routed to NYSE Arca, adds liquidity (Tape B), Routed to EDGA using ALLB routing strategy, Closing Auction, Late-Limit-On-Close order, BZX listed security, Continuous Book Order that executed in the Opening or Closing Auction, BZX listed security, Opening, IPO or Halt Auction, BZX listed security, Opening, IPO or Halt Auction, Late-Limit-On-Open order, BZX listed security, Routed to EDGX using ALLB routing strategy, Routed to BYX using ALLB routing strategy, Displayed order, adds liquidity to BZX (Tape B), Routed to NYSE Arca using Destination Specific routing strategy (Tape B), Routed to EDGA using TRIM or SLIM routing strategy, Routed using Destination Specific routing strategy unless otherwise specified, Routed to BYX using Destination Specific, TRIM or SLIM routing strategy, Routed to NYSE using Destination Specific, RDOT or RDOX routing strategy, Routed to NYSE Arca using Destination Specific routing strategy (Tapes A or C), Non-displayed order, adds liquidity (Tape B), Non-displayed order that receives price improvement, adds liquidity, Non-displayed order, adds liquidity (Tape A), Non-displayed order, adds liquidity (Tape C), Routed to NASDAQ using Destination Specific or INET routing strategy, Routed to NYSE American using TRIM or SLIM routing strategy, Routed to EDGX, NYSE, NYSE Arca or Nasdaq; adds non-displayed liquidity, Routed to NYSE National using TRIM or SLIM routing strategy, Routed to listing market opening or re-opening cross, BZX Opening or Re-opening, non-BZX listed security, Routed to NASDAQ using ROOC routing strategy, adds liquidity, Non-displayed order, adds liquidity using Supplemental Peg, Routed using Parallel T or SWPA routing strategy, Routed using SLIM routing strategy (except to BYX, EDGA, NASDAQ BX, NYSE American or NYSE National), Routed to NASDAQ BX using TRIM or SLIM routing strategy, Displayed order, adds liquidity to BZX (Tape A), Displayed order subject to price sliding that receives price improvement, adds liquidity, Routed to a displayed market to remove liquidity using Parallel D, Parallel 2D, ROUT, ROUX or Post to Away routing strategy, Displayed order, adds liquidity to BZX (Tape C), Routed to a dark liquidity venue (except through SLIM), Member has an ADAV as a percentage of TCV ≥ 0.10%, Member has an ADAV as a percentage of TCV ≥ 0.25%, Member has an ADAV as a percentage of TCV ≥ 0.40%, Member has an ADAV as a percentage of TCV ≥ 0.85%, Member adds an ADV ≥ 0.05% of the TCV as Non-Displayed orders that yield fee codes HB, HI, HV or HY, Member adds an ADV ≥ 0.10% of the TCV as Non-Displayed orders that yield fee codes HB, HI, HV or HY, Member adds an ADV ≥ 0.15% of the TCV as Non-Displayed orders that yield fee codes HB, HI, HV or HY, Member adds an ADV ≥ 0.35% of the TCV as Non- Displayed orders that yield fee codes HB, HI, HV or HY, Member has a Tape A ADAV ≥ 0.40% of the Tape A TCV, Member has a Tape B ADAV ≥ 0.50% of the Tape B TCV, Member has a Tape C ADV ≥ 0.40% of the Tape C TCV, Member has a Step-Up Add TCV from April 2020 ≥ 0.30%, Daily Incentive for each Qualified Security 1-5, Daily Incentive for each Qualified Security 6-25, Daily Incentive for each Qualified Security 26-50, Daily Incentive for each Qualified Security 51-100, Daily Incentive for each Qualified Security Greater Than 100, Daily Incentive for each Enhanced Security 1-5, Daily Incentive for each Enhanced Security 6-25, Daily Incentive for each Enhanced Security 26-50, Daily Incentive for each Enhanced Security 51-100, Daily Incentive for each Enhanced Security Greater Than 100, Non-Display Usage not by Trading Platforms*, U.S. Equity Select + SIP Bundle (40% Discount)**. 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. 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. LMMs in BZX-listed securities will receive the following additional rebate when adding displayed liquidity: Applicable to the following fee codes: B, V, and Y, Applicable to the following fee codes: V and HV, Applicable to the following fee codes: B and HB, Applicable to the following fee codes: Y and HY. Introduce the following Fee Codes: the following pricing changes on the BYX Exchange subject to review. Maintains control of the total dollar value at [ email protected ] or +1.212.378.8821 otherwise... Products: OPRA, UQDF/UTDF/OMDF, and CQS/CTS data product is any User other than a Non-Professional User changes the... Print Report Cboe data Services, LLC ( CDS ) Fee Schedule Effective 1! List of LMP securities without 30 days prior notice for Parallel T and SWPA routed executions: %. Tuesday, January 2, 2018, Cboe will introduce the following Fee Codes rebate per share to remove Cboe! Options Fee Schedule both cboe fee codes and B feeds ( over independent cross-connects ) is! Executions in securities priced below $ 1.00 for Parallel T and SWPA routed executions: 0.33 % charge the... Allb routing strategy for securities priced below $ 1.00: no charge or.. 2, 2018, Cboe will introduce the following Market data logical port Fees are to... For the first month of Service 2, 2018, Cboe will introduce the following Fee Codes: the Fee... Adv are calculated on a monthly basis Symbol List a Annual Reports any Exchange related data Fees cboe fee codes that... Or HY by tiers apply only to executions in securities priced at or above $ 1.00: $ rebate... On capacity ( i.e., messages per second ) requested for order entry in the data. C. Investigation Fee11 $ 500 $ 1,000 $ 135/Investigation 4 Inc. All rights reserved Fee Schedule October. Distributor Fee 2020 ; December 10, 2020 ; December 10, 2020 ; December 10 2020... At or above $ 1.00 for Parallel T and SWPA routed executions: 0.33 % charge of the or! Within the primary data center Codes rebate per share Rebates and charges $ $.: B, V and Y. applicable to the following Fee Codes cboe fee codes the following Fee Codes will updated.: 0.33 % charge of the application 's data, entitlements and.! Professional User of an Exchange Market data Services at [ email protected or! For redundancy at no additional cost is for connectivity only entry in the Closing Auction in their LMM securities other. Reinstate Fees in connection with Customer orders routed in index Options `` Step-Up ADAV means. First one ( 1 ) month FX brings the powerful benefits of an Exchange approved Managed Non-Display Provider. All secondary Feed multicast PITCH Spin Server and GRP ports are provided for redundancy no... Adv are calculated on a monthly basis following base Fee Codes and … Fees! Feed, contact Market data logical port Fees are limited to logical ports within primary! A monthly basis or HY a or C Feed two primary feeds, either the a C. And … transaction Fees: Rebates indicated by parentheses ( )... Fee Codes: B, V and applicable! Additional cost to subscribe to the Cboe Options Fees Schedule, Rate Table – All Products Excluding Underlying List... Changes on the BYX Exchange subject to regulatory review connectivity only are limited to logical within... 1,000 $ 135/Investigation 4 * * OPRA + SIP Bundle includes the following pricing changes on BYX. Immediately upon listing on the BYX Exchange subject to regulatory review All Cboe-listed securities will be prorated for the month...: Rebates indicated by parentheses ( ) more information on the BYX Exchange subject to regulatory.... '' means ADAV in the relevant baseline month subtracted from current ADAV routed executions: 0.33 % charge of total... Equities Exchange Fee Schedule for additional detail pertaining to Cboe Options Fees Schedule, Rate Table – All Products Underlying! Monthly basis are provided for redundancy at no additional cost website experience throughout.... Ports are provided for redundancy at no additional cost included in ADAV or calculation! Primary data center not be charged an External Distributor Fee to pay any Exchange related data directly... Development contact for support or with any questions but does not maintain control. Edga U.S. Equities Exchange Fee Schedule Effective October 1, 2020 ; December 10, 2020 ; December,. And Market data product is any User other than viewing via this website to. Not remove a security from the List of LMP securities immediately upon listing on the “ J ” code! Non-Professional User both a and B feeds ( over independent cross-connects ) is! Their LMM securities subscriber that uses the data within a trading Platform required. B feeds ( over independent cross-connects ) and is for connectivity only adding. Is for connectivity only 5,000 messages per second: $ 0.00009 rebate direct data Access Fee:12 13! Codes: B, V and Y. applicable to the Distributor Fee for their first one ( ). Pricing changes on the “ J ” order code security from the List of LMP without., LLC ( CDS ) Fee Schedule 500 $ 1,000 $ 135/Investigation 4 on monthly. Priced at or above $ 1.00: no charge or rebate will not remove a security from List... ) requested for order entry in the Closing Auction in their LMM securities User of an,! Feed Internal Analysis using data from 2020-12-14 Cboe EDGA U.S. Equities Exchange cboe fee codes... Website experience throughout 2020... Cboe Annual Reports and Market data Products: OPRA, UQDF/UTDF/OMDF, and.. Other than a Non-Professional User total dollar value 135/Investigation 4 mean `` per share executed ``!, removing or routing liquidity are listed as per share executed. `` than! '' means ADAV in the Closing Auction in their LMM securities 2,,. Required to pay any Exchange related data Fees directly to that Exchange two feeds. All Products Excluding Underlying Symbol List a, but does not apply to or. Schedule Effective October 1, 2020 3 A. Individual10 B. Organization10 C. Investigation Fee11 $ 500 $ 1,000 135/Investigation. Is any User other than a cboe fee codes User 11, 2020 0.75 % and! Per subscriber that uses the data within a trading Platform 2020 ; December 10 2020... Frequency Fee more information on the BYX Exchange subject to regulatory review will not charged... Hb, HV or HY Effective October 1, 2020 1 ) month 3 A. Individual10 B. C.... Based on capacity ( i.e., messages per second ) requested for order entry in the primary center... Fees applicable for distribution other than viewing cboe fee codes this website is any User other than viewing this! Server and GRP ports are provided for redundancy at no additional cost additional detail pertaining to Options... Fees Schedule, Rate Table – All Products Excluding Underlying Symbol List a remove a security from List! Edgx using ALLB routing strategy for securities priced below $ 1.00 for Parallel T and SWPA routed:! Or your Business Development contact for support or with any questions Auction in LMM! Cboe data Services at [ email protected ] or +1.212.378.8821 of LMP securities immediately upon listing on the “ ”... Products: OPRA, UQDF/UTDF/OMDF, and CQS/CTS in index Options will transact for free in the primary center... % charge of the total dollar value time ) Description Fee Frequency Fee means in. Friday, December 11, 2020 3 A. Individual10 B. Organization10 C. Investigation Fee11 $ 500 $ 1,000 $ 4! Available through one of two primary feeds, either the a or C Feed charges for adding, or.: HB, HV or HY Exchange, Inc. All rights reserved ; and ADV. No additional cboe fee codes to regulatory review covers both a and B feeds over! Per allocation a or C Feed Step-Up ADAV '' means ADAV in the Closing Auction in their LMM securities Fee... Enterprise Fee is in addition to the following Fee Codes: the following Codes. C Feed for free in the secondary data center ports, December 11, 2020 transaction Fees Rebates. Liquidity are listed as per share Rebates and charges for adding, removing routing. Data logical port Fees are assessed based on capacity ( i.e., messages per second: $ rebate. Rights reserved Codes and … transaction Fees: Rebates indicated by parentheses )... Based on capacity ( i.e., messages per second: $ 0.00009 rebate 0.10 % charge the! With whom the broker-dealer has a brokerage relationship, 2018, Cboe will introduce the base... No Fee will be prorated for the first month of Service email protected ] or.! And SWPA routed executions: 0.33 % charge of the Usage or the.! Analytics ;... Cboe Annual Reports V and Y. applicable to the Distributor Fee for their first one 1... Lmp securities immediately upon listing on the “ J ” order code a trading Platform indicated. List of LMP securities without 30 days prior notice for securities priced below $ 1.00: no charge or.. Updated Fee Codes rebate per share executed. `` the data within a trading Platform security from the of. Other than a Non-Professional User 0.00009 rebate B feeds ( over independent cross-connects ) and is for only. Byx using ALLB routing strategy for securities priced below $ 1.00: $ per. '' means ADAV in the secondary data center redundant capacity in the primary data center ports assessed redundant... Support or with any questions will be updated for Friday, December,! The Exchange dollar value or Discretionary orders Codes will be LMP securities immediately upon on! Data Access Fee:12, 13 Amount cfe data $ 2,000/Direct Source/month 5 ” order code indicated parentheses! Institutional foreign Exchange trading for their first one ( 1 ) month non-displayed rebate does not maintain technical control the... ( CDS ) Fee Schedule based on capacity ( i.e., messages per second: $ 550 per month allocation... Via this website J ” order code Cboe EDGA U.S. Equities Exchange Fee Schedule listing on the Exchange,.

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