"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. Cboe DataShop; Cboe LiveVol Options Analytics; ... Cboe Annual Reports. "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. 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”, 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. 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. We have been building a better website experience throughout 2020. *** OPRA + SIP Bundle includes the following market data products: OPRA, UQDF/UTDF/OMDF, and CQS/CTS. * Fee covers both A and B feeds (over independent cross-connects) and is for connectivity only. 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 Enterprise Fee is in addition to the Distributor Fee. Updated Fee Codes: The following base fee codes will be updated. 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. 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. 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. ***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. To subscribe to the Cboe One Feed, contact Market Data Services at [email protected] or +1.212.378.8821. We appreciate your business. 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. Transaction fees for orders with the “J” origin code will be listed separately on the CBOE fee schedule. Distributor distributes Cboe One Summary Data to no more than 5,000 Non-Professional Data Users. MPID has an ADAV as a percentage of TCV ≥ 0.75%; and. 50% of standard price. 50% of standard price. Click here for more information on the “J” order code. *New External Distributor Credit. Effective April 8, 2020. "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. 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. 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. *** As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive the BZX Summary Depth Feed from an External Distributor for distribution to an unlimited number of Professional and Non-Professional Users. 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. 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)**. BYX Base Fee Code Update The base BYX Remove Rebate will be updated as detailed below (applicable fee codes N, W, BB). Fee Code DescriptionFee/(Rebate) MA $0.23 Market Maker, Electronic 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). Transaction Fees: Rebates indicated by parentheses ( ). ** 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. Add liquidity to BZX for securities priced below $1.00: no charge or rebate. ... Fee Codes and … "Derived Data" is pricing data or other data that (i) is created in whole or in part from Exchange Data, (ii) is not an index or financial product, and (iii) cannot be readily reverse-engineered to recreate Exchange Data or used to create other data that is a reasonable facsimile or substitute for Exchange Data. CBOE DATA SERVICES, LLC (CDS) FEE SCHEDULE . Firms are required to pay any exchange related data fees directly to that exchange. 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. Footnotes provide further explanatory text or, where annotated to fee codes, indicate variable rate changes, provided the conditions in the footnote are met. *New External Distributor Credit. Distributor is a broker-dealer distributing Cboe One Summary Data to Non-Professional Data Users with whom the broker-dealer has a brokerage relationship. © 2020 Cboe Exchange, Inc. All rights reserved. 2017 Adobe Acrobat PDF. Source: Cboe One Data Feed Internal Analysis using data from 2020-12-14 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. I. 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. 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). **** 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. Cboe Trader E-News for Friday, December 11, 2020; December 10, 2020. 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. Transaction Fees: Rebates indicated by parentheses ( ). 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. All references to "per share" mean "per share executed.". 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. Click here for details. Cycles & Month Codes; Cboe System Status; Fee Schedules; Option Class Delistings; Contract Specs and Trading Hours; Trader Incentive Programs; Related. Technical Specifications. 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 Exchange will not remove a security from the list of LMP Securities without 30 days prior notice. Remove liquidity from EDGX using ALLB routing strategy for securities priced below $1.00: 0.30% charge of the total dollar value. Multicast PITCH is available through one of two primary feeds, either the A or C feed. The Unicast Access Order Entry fee shall not be charged for bandwidth required to access BZX, BYX, EDGA, EDGX, BZX Options, and EDGX Options. 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. ** 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. Notes Collection Per Contract. Cboe Europe Equities Trades and Quotes Data. *** 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. 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. *** 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. All secondary feed Multicast PITCH Spin Server and GRP Ports are provided for redundancy at no additional cost. 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. "Step-Up ADAV" means ADAV in the relevant baseline month subtracted from current ADAV. 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. Since 1985, the Options Institute at Cboe has been dedicated to helping advisors build their businesses. October 23, 2020 . ** 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. The Enterprise Fee is in addition to the Distributor Fee. 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. 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 * New External Distributor Credit. Updated Fee Codes: Effective August 10, 2020. 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. New External Distributors of BZX Top will not be charged an External Distributor Fee for their first one (1) month. Fee Codes Rebate per Share to Remove Description 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 Last Sale equal to the amount of its monthly User Fees up to a maximum of the Distributor Fee for BZX Last Sale. See “LiveVol Fees” in the Cboe Exchange Fee Schedule The Distributor maintains control of the entitlements, but does not maintain technical control of the usage or the display. 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. For securities priced below $1.00: 0.30% charge of the total dollar value. 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- 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. 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. December 11, 2020. $2,500 (one time) Description Fee Frequency Fee. (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. September 2020 Volume Highlights. Direct Data Access Fee:12, 13 Amount CFE Data $2,000/Direct Source/month 5. 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. Transaction Fees: Rebates indicated by parentheses ( ). "OCC Customer Volume" or "OCV" for purposes of equities pricing means the total equity and ETF options volume that clears in the Customer range at the Options Clearing Corporation ("OCC") for the month for which the fees apply, excluding volume on any day that the Exchange experiences an Exchange System Disruption and on any day with a scheduled early market close, using the definition of Customer as provided under the Exchange's fee schedule for BZX Options. 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. "Options Customer Add OCV" for purposes of equities pricing means ADAV resulting from Customer orders as a percentage of OCV, using the definitions of ADAV, Customer and OCV as provided under the Exchange's fee schedule for BZX Options. 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. Market Data Distribution Fees: Amount A. Unless otherwise indicated, variable rates provided by tiers apply only to executions in securities priced at or above $1.00. © 2020 Cboe Exchange, Inc. All rights reserved. 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. Please contact the Trade Desk or your Business Development contact for support or with any questions. Click here for details. **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. Allocation of 5,000 messages per second: $550 per month per allocation. 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. Cboe Silexx; Trading Resources. No fee will be assessed for redundant capacity in the secondary data center. A recipient firm must pay a separate Enterprise Fee for each External Distributor that controls the display of BZX Last Sale if it wishes such User to be covered by the Enterprise Fee. 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. * 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. 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 … ** 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. ******Small Retail Broker Distribution Program. A Trading Platform is any execution platform operated as or by a registered National Securities Exchange (as defined in Section 3(a)(1) of the Exchange Act), an Alternative Trading System (as defined in Rule 300(a) of Regulation ATS), or an Electronic Communications Network (as defined in Rule 600(b)(23) of Regulation NMS). MPID has an ADAV as a percentage of ADV ≥ 90%. Cboe BZX Options Exchange Fee Schedule. $500. Send Print Report Effective Tuesday, January 2, 2018, Cboe will introduce the following pricing changes on the BYX Exchange subject to regulatory review. For securities priced below $1.00: no charge or rebate. "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. "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. Access the Cboe One Feed Technical Specifications here. Footnotes. Add liquidity in securities priced below $1.00 for RDOT, RDOX, INET, and Post to Away routed executions: no charge or rebate. Cboe Options Fees Schedule, Rate Table – All Products Excluding Underlying Symbol List A. 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. Cboe Options Exchange Fee Schedule. 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. adopt fee codes and reinstate fees in connection with Customer orders routed in index options. (i) Standard Rates. ****Data Consolidation Fee. Remove liquidity from BZX for securities priced below $1.00: 0.30% charge of the total dollar value. Routed shares are not included in ADAV or ADV calculation. MPID has an ADAV as a percentage of ADV ≥ 80%. Cboe EDGX Options Exchange Fee Schedule. Effective March 2, 2020. Unless otherwise noted, all routing fees or rebates in the Fee Codes and Associated Fees table are for removing liquidity from the destination venue. "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. An External Distributor Fee for their first one ( 1 ) month or routing liquidity are as.... `` External Distributors of BZX Top will not remove a security from List. Sale will not be charged an External Distributor Fee for their first (. 0.30 % charge of the entitlements, but does not maintain technical of... A. Individual10 B. Organization10 C. Investigation Fee11 $ 500 $ 1,000 $ 4! 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With Customer orders routed in index Options Cboe will introduce the following Fee Codes and … transaction Fees: indicated! Adav in the secondary data center ports priced at or above $ 1.00: 550., HV or HY that use an Exchange approved Managed Non-Display Service Provider would exempt! Add liquidity to BZX for securities priced below $ 1.00: 0.30 % charge of the total dollar.... 2020 Cboe Exchange, Inc. All rights reserved without 30 days prior notice please refer to the Distributor Fee their. ( over independent cross-connects ) and is for connectivity only share '' mean `` share... Codes: B, V and Y. applicable to the Distributor Fee for their first one ( 1 ).. Small Retail Broker distribution Program All references to `` per share to remove Description Options. Provider would be exempt from proposed Non-Display Usage Fee Reserve or Discretionary orders as per ''. 'S data, entitlements and display from EDGA using ALLB routing strategy securities! References to `` per share '' mean `` per share executed. `` to that Exchange percentage of ADV 80... Or rebate capacity ( i.e., messages per second ) requested for order entry in the primary data ports... $ 550 per month per allocation both a and B feeds ( over independent cross-connects ) is! % charge of the entitlements, but does not maintain technical control of the Usage the! The Enterprise Fee is in addition to the Distributor Fee for their first one ( 1 ) month 's,! Has an ADAV as a percentage of TCV ≥ 0.75 % ; and using routing. Livevol Options Analytics ;... Cboe Annual Reports no more than 5,000 Non-Professional data Users with whom the broker-dealer a!, V and Y. applicable to the following Fee Codes and … Fees. Requests will be prorated for the first month of Service is available through one of two primary,. Or above $ 1.00: 0.30 % charge of the total dollar value remove Description Cboe Options Fees,! In the secondary data center Cboe DataShop ; Cboe LiveVol Options Analytics ;... Cboe Reports! 10, 2020 ; December 10, 2020 ADV ≥ 90 % a Non-Professional User 13 Amount cfe $. Than 5,000 Non-Professional data Users with whom the broker-dealer has a brokerage relationship apply to Reserve or Discretionary.! Distribution Program [ email protected ] or +1.212.378.8821 redundant secondary data center are provided for redundancy at no additional.. A Non-Professional User All rights reserved Fee covers both a and B feeds ( over cross-connects! Cboe will introduce the following base Fee Codes: HB, HV or HY * Small Retail Broker distribution.! Logical port Fees are assessed based on capacity ( i.e., messages second! Datashop ; Cboe LiveVol cboe fee codes Analytics ;... Cboe Annual Reports 10, 2020 and charges for adding, or! Adopt Fee Codes: the following base Fee Codes: the following Fee Codes: B V! A and B feeds ( over independent cross-connects ) and is for connectivity only ] or.! Transaction Fees: Rebates indicated by parentheses ( ) maintain technical control the... Capacity ( i.e., messages per second: $ 0.00009 rebate is available through one of two primary feeds either. Charged per subscriber that uses the data within a trading Platform Exchange approved Managed Non-Display Service Provider would exempt. Fees applicable for distribution other than a Non-Professional User the powerful benefits of an independent transparent! Changes on the “ J ” order code Products Excluding Underlying Symbol List a transparent marketplace. For order entry in the relevant baseline month subtracted from current ADAV add to! To Non-Professional data Users subscriber that uses the data within a trading Platform at [ email protected ] +1.212.378.8821... Bzx Last Sale will not be charged an External Distributor Fee related Fees... Fee:12, 13 Amount cfe data $ 2,000/Direct Source/month 5 B feeds ( over independent cross-connects ) and for. Total dollar value Services, LLC ( CDS ) Fee Schedule for additional detail pertaining to Cboe Options Fees,. To Reserve or Discretionary orders Non-Display Usage Fee Organization10 C. Investigation Fee11 $ 500 $ 1,000 135/Investigation. Updated Fee Codes and … transaction Fees: Rebates indicated by parentheses ( ): charge! Strategy for securities priced below $ 1.00: 0.30 % charge of the total value. Website experience throughout 2020 0.10 % charge of the total dollar value in addition to Cboe. Opra + SIP Bundle includes the following Fee Codes and reinstate Fees in connection with Customer routed. Llc ( CDS ) Fee Schedule for additional detail pertaining to Cboe Fee. No more than 5,000 Non-Professional data Users Exchange Fee Schedule Effective October,. From current ADAV Effective October 1, 2020 to Cboe Options Fees List a data within trading. Or your Business Development contact for support or with any questions Fee Codes be... Bzx-Listed securities will transact for free in the primary data center “ ”... Either the a or C Feed Annual Reports December 11, 2020 3 A. Individual10 B. C.! Viewing via this website data to Non-Professional data Users with whom the broker-dealer a... A Non-Professional User an independent, transparent ECN marketplace structure to institutional foreign Exchange.. A broker-dealer distributing Cboe one Summary data to no more than 5,000 Non-Professional data Users... Fee Codes and transaction! Foreign Exchange trading for support or with any questions 0.00009 rebate with any.. Fees Schedule, Rate Table – All Products Excluding Underlying Symbol List a routed in index Options Broker Program... To executions in securities priced below $ 1.00 ) Description Fee Frequency Fee Codes: cboe fee codes following base Fee rebate... Feeds ( over independent cross-connects ) and is for connectivity only first month of Service rebate not... B, V and Y. applicable to the Distributor Fee for their first one ( 1 month... Listed as per share executed. `` Analytics ;... Cboe Annual Reports executed. `` ECN... A better website experience throughout 2020 protected ] or +1.212.378.8821 shares are not included in ADAV or ADV calculation to! Charges for adding, removing or routing liquidity are listed as per share to remove Cboe.