* A Distributor that provides a White Label Service, API Service, or Platform Service for Derived Data taken from BZX Top or Cboe One Summary is liable for these fees instead of the fees normally applicable for the distribution of BZX Top or Cboe One Summary. "TCV" means total consolidated volume calculated as the volume reported by all exchanges to the consolidated transaction reporting plan 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. Intraday Ad-hoc Request (historical data), U.S. Equity Select + SIP Bundle (40% Discount)**, Member has an ADV < 5,000 contracts traded, Member has an ADV ≥ 5,000 contracts traded. “Market Maker” applies to any order for the account of a registered Market Maker. ** 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. "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. (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. Routed shares are not included in ADAV or ADV calculation. ADAV, ADRV and ADV are calculated on a monthly basis, excluding contracts 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") and on any day with a scheduled early market close. **** 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. Step 2: Connection. 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. 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 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, 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)**. 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. Transaction Fees: Rebates indicated by parentheses ( ). Effective as of June 17, 2020. "OEF" means Order Entry Firm as defined in Rule 16.1. ** 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. Please refer to the Cboe Options Fee … 6 While Nasdaq provided 30 days-notice for the recent Nasdaq BX and Nasdaq Options … Communication Review Fee: Regular review - 1) for printed material reviewed, $150 per submission, plus $25 for each page reviewed in excess of 5 pages; and 2) for video and … ***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. “Professional” applies to any order for the account of a Professional. All Cboe-listed securities will be LMP Securities immediately upon listing on the Exchange. Fields 10-17 will only be available in the end-of-day files and will not be populated in the 10-minute intervals. 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. *** 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. It contains all series in an underlying security's chain-if it has volume on BZX. *** As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive the BZX Options Feed from a Distributor for distribution to an unlimited number of Professional and Non-Professional Users. “Customer” applies to any order for the account of a Priority Customer. **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. Open-Close data is a volume summary file for trading activity on the BZX exchange. *****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. Other Rule Filings Incorporated by Reference into BZX and EDGX Options Rules Cboe Margin Requirement/NYSE Margin Requirement Cboe Position and Exercise Limits for Equity and Index Options ADAV and ADV are calculated on a monthly basis. All fees and rebates assessed prior to the three full calendar months before the month in which the Exchange becomes aware of a billing error shall be considered final. * Subscribers that use an Exchange approved Managed Non-Display Service Provider would be exempt from proposed Non-Display Usage Fee. Any dispute concerning fees or rebates billed by the Exchange must be submitted to the Exchange in writing and must be accompanied by supporting documentation. "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. 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). Click on the title for a summary of additional related updates to the BYX Fee Schedule. Member has an ADAV in Market Maker orders ≥ 0.20% of average OCV; Member has a Step-Up ADAV in Market Maker orders from September 2020 ≥ 0.15% of average OCV; Member has on BZX Equities a Step-Up ADV from September 2020 ≥ 0.10% of average TCV. "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. "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. Any dispute concerning fees or rebates billed by the Exchange must be submitted to the Exchange in writing and must be accompanied by supporting documentation. Member has an ADAV in Market Maker orders ≥ 0.15% of average OCV; Member has a Step-Up ADAV in Market-Maker orders from September 2020 ≥ 0.10% of average OCV; Member has on BZX Equities an ADV ≥ 0.60% of average TCV; and, Member has on BZX Equities a Step-Up ADV from September 2020 ≥ 0.05% of average TCV. Firms are required to pay any exchange related data fees directly to that exchange. Match capacity fees are assessed based on capacity (i.e., messages per second) requested for order entry in the primary data center. "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. For an ongoing subscription, please see: Open-Close BZX … *New External Distributor Credit. Adds or removes liquidity (Customer), RUT, Adds or removes liquidity (Non-Customer/Non-MM), RUT, Removes liquidity (Non-Customer), Non-Penny, Removes liquidity (Customer) Penny Program, Adds liquidity (Firm/BD/JBO), Penny Program, Removes liquidity (Non-Customer), Penny Program, Routed (Customer) to AMEX, BOX, BX Options, Cboe, EDGX Options, ISE Mercury, MIAX or PHLX (excl SPY to PHLX), Routed (Customer) to ARCA, C2, ISE, ISE Gemini, MIAX Emerald, MIAX Pearl or NOM, Penny Program (incl SPY to PHLX), Routed (Customer) to ARCA, C2, ISE, ISE Gemini, MIAX Emerald, MIAX Pearl or NOM, Non-Penny, Member has an ADAV in Customer orders ≥ 0.05% of average OCV, Member has an ADAV in Customer orders ≥ 1.30% of average OCV, Member has an ADAV in Customer orders ≥ 1.70% of average OCV, Member has an ADAV in Firm/BD/JBO orders ≥ 0.20% of average OCV, Member has an ADAV in Market Maker orders ≥ 0.10% of average OCV, Member has an ADAV in Market Maker orders ≥ 0.20% of average OCV, Member has an ADAV in Market Maker orders ≥ 0.30% of average OCV, Member has an ADAV in Market Maker orders ≥ 0.50% of average OCV, Member has an ADAV in Market Maker orders ≥ 0.75% of average OCV, Member has an ADAV in Market Maker orders ≥ 0.35% of average OCV, Member has an ADAV in Customer and Professional orders ≥ 0.20% of average OCV, Member has an ADAV in Customer and Professional orders ≥ 0.25% of average OCV, Member has an ADAV in Customer and Professional orders ≥ 0.40% of average OCV, Member has an ADAV in Customer and Professional orders ≥ 0.65% of average OCV, Member has an ADAV in Non-Customer Non-Market Maker orders of ≥ 0.50% of average OCV, Member has an ADAV in Non-Customer order ≥ 0.10% of average OCV, Member has an ADAV in Non-Customer order ≥ 0.35% of average OCV, Member has an ADAV in Customer orders ≥ 0.90% of average OCV, Member has an ADAV in Customer orders ≥ 2.10% of average OCV, Logical Ports (excluding Purge Port, Multicast PITCH Spin Server Port or GRP Port), End-of-Day Ad-hoc Request (historical data). The rates listed in the Standard Rates table apply unless a Member’s transaction is assigned a fee code other than a standard fee … New External Distributors of the BZX Summary Depth 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 BZX Summary Depth Feed. Remove liquidity from BYX using ALLB routing strategy for securities priced below $1.00: 0.10% charge of the total dollar value. $400 per request per month. Cboe Margin Requirement/NYSE Margin Requirement Cboe Position and Exercise Limits for Equity and Index Options Cboe Position Limits for Broad-Based Index Options Member has an ADAV in Non-Customer orders ≥ 2.55% of average OCV; Member has an ADAV in Non-Customer Non-Penny orders ≥0.25% of average OCV; and, Member has an ADAV in Firm/Market Maker/Away MM orders that establish a new NBBO ≥ 0.80% of average OCV, Member has an ADAV in Market Maker orders ≥ 0.15% of average OCV; and, Member has an ADRV in Market Maker orders ≥ 0.15% of average OCV, Member has an ADAV in Market Maker orders ≥ 0.10% of average OCV; and, Member has on BZX Equities an ADV ≥ 0.60% of average TCV, Member has an ADAV in Market Maker orders ≥ 0.25% of average OCV; and, Member has an ADRV in Market Maker orders ≥ 0.25% of average OCV, Member has an ADRV in Market Maker orders ≥ 0.35% of average OCV. All fees and rebates assessed prior to the three full calendar months before the month in which the Exchange becomes aware of a billing error shall be considered final. Updated Fee Codes: The following base fee codes will be updated. All references to "per contract" mean "per contract executed". Applicable to the following fee codes: B, V and Y. Applicable to the following fee codes: HB, HV or HY. * Fee covers both A and B feeds (over independent cross-connects) and is for connectivity only. Footnotes provide further explanatory text or, where annotated to fee codes, indicate variable rate changes, provided the conditions in the footnote are met. Applicable to fee codes NA, NF, NN, NY, PA, PF, PN and PY. |Open in new tab Download File [392.67 KB] Membership; About; Fees; Technology; Regulatory; Circulars 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. Reference ID: C2020113002. Similarly, a Distributor providing Derived Data based on Cboe One Summary to six External Subscribers that are White Label Service Platforms would be charged a monthly fee of $4,500 (i.e., 6 External Subscribers x $750 each). 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. New External Distributors of BZX Top will not be charged an External Distributor Fee for their first one (1) month. © 2021 Cboe Exchange, Inc. All rights reserved. Cboe offers a robust offering of market data feeds from our four unique U.S. options exchanges (Cboe Options Exchange, C2 Options Exchange, BZX Options Exchange, and EDGX Options … ** 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. In order to qualify for the exemption, the subscriber must meet the following requirements: (i) any subscriber applications that utilize BZX Depth must be hosted within the Managed Non-Display Service Provider's space/cage; (ii) the subscriber's access to BZX Depth is fully managed and controlled by the Managed Non-Display Service Provider, and no further redistribution of the Exchange Data internally or externally is permitted; and (iii) the subscriber is supported solely by one Managed Non-Display Service Provider, is not hosted by multiple Managed Non-Display Service Providers, and does not have their own data center-hosted environment that also receives BZX Depth. © 2021 Cboe Exchange, Inc. All rights reserved. "OCC Customer Volume" or "OCV" 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. If an MPID is cancelled on or after the first business day of the month, the Member is required to pay the entire MPID Fee for that month. 5 ORF was first introduced by CBOE in 2009, and was designed to cover a p01tion of the Exchange's regulatory costs, as opposed to subsidizing for-profit commercial expenditures. NYSE AMERICAN OPTIONS FEE SCHEDULE* *NYSE American Options is the options trading facility of NYSE American LLC. 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. “Away Market Maker” applies to any order for the account of a market maker on another options exchange. *** 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 using this … Cboe BZX Options Exchange Fee Schedule Effective December 1, 2020 . "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. Designating an Appointed OEF/Appointed MM: A Market Maker appoints an OEF and an OEF appoints a Market Maker, for the purposes of the Fee Schedule, by each completing and sending an executed Volume Aggregation and Volume Details Request form by email to. Please contact the Trade Desk or your Business Development contact for support or with any questions. Cboe Options Exchange Fee Schedule. ** 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. Data as of 16:39 21/01/2021. 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. ****Data Consolidation Fee. Pursuant to BZX Options Rule 24.1, solely for purposes of ORF billing, Members must provide BZX Options with a complete list of its OCC clearing numbers and keep such information up to date with BZX Options. * New External Distributor Credit. Updated 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. Multicast PITCH is available through one of two primary feeds, either the A or C feed. Remove liquidity from BZX for securities priced below $1.00: 0.30% charge of the total dollar value. BATS is pleased to announce that effective April 1, 2013, BATS BYX Exchange will be increasing the base remove rebate to $0.0005/share (from $0.0002/share) for Members with an ADV of 50,000 shares of added liquidity on BYX Exchange. "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. To learn about connectivity to Cboe Options and C2 Options, view our Connectivity Manuals in the Document Library.. Cboe Options and C2 Options … Member has an ADAV in Customer orders ≥ 0.50% of average OCV; and, Member has an ADAV in Market Maker orders ≥ 2.75% of average OCV. 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. 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. MPID Fees for additional MPIDs are prorated for the first month during which the MPID becomes effective. Applicable to the following fee codes: PA and XA. Applicable to the following fee codes: PF and XF. The Exchange may only increase or decrease the ORF semi-annually, and any such fee change will be effective on the first business day of February or August. The Exchange will notify participants of any change in the amount of the fee at least 30 calendar days prior to the effective date of the change. 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. Member has an ADAV in Market Maker orders ≥ 0.50% of average OCV; Member has an ADAV in Market Maker Non-Penny orders ≥ 0.15% of average OCV; and, Member has on BZX Equities an ADV ≥ 1.00% of average TCV, Member has a Step-Up ADAV in Market Maker orders from December 2020 ≥ 0.05% of average OCV; and, Member is an LMM in at least 85 LMM Securities on BZX Equities, Member has an ADAV in Market Maker orders ≥ 1.00% of average OCV; and, Member has an ADAV in Market Maker Non-Penny orders of ≥ 0.10% of average OCV, Member has an ADV ≥ 3.00% of average OCV; and, Member has an ADAV in Market Maker orders ≥ 2.50% of average OCV. 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. 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). 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. 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. The Exchange will not remove a security from the list of LMP Securities without 30 days prior notice. Fee Code Fee/(Rebate) Description . The Enterprise Fee is in addition to the Distributor Fee. A Distributor that provides derivative products based on BZX Top or Cboe One Summary through an approved Derived Data Platform Service will be subject to the normal external distribution fees applicable for the distribution of BZX Top or Cboe One Summary except that they will not be subject to the Non-Professional User fees normally applicable for the distribution of BZX Top or Cboe One Summary. 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 Distributor that controls the display of the Cboe One Feed if it wishes such User to be covered by the Enterprise Fee. Overview Applicable Cboe Exchange: Cboe BZX Options . The Unicast Access – Order Entry fee shall not be charged for bandwidth required to access BZX, BYX, EDGA, EDGX, BZX Options and EDGX Options. the Enterprise Fee. A recipient firm must pay a separate Enterprise Fee for each Distributor that controls the display of the BZX Options Top Feed if it wishes such User to be covered by the Enterprise Fee. 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. 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. ** 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. ***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. For securities priced below $1.00: no charge or rebate. 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. Applicable to the following fee codes: PY and XY. Routed contracts are not included in ADAV, ADRV or ADV calculation. Member has an ADV ≥ 2.30% of average OCV; Member has an ADAV in Away MM/Firm/BD/JBO orders ≥ 1.45% of average OCV; and, Member has an ADAV in Non-Customer Non-Penny orders ≥ 0.20% of average OCV, Member has an ADAV in Away MM/Firm/BD/JBO orders ≥ 1.65% of average OCV; and. Distributor maintains control of the total dollar value is not a Customer order on another Options Exchange Schedule. Firms can connect to the following Fee codes: HB, HV or.! Related data fees directly to that Exchange “ Broker dealer, including a foreign Broker dealer applies! Member that ultimately clears the transaction for Parallel T and SWPA routed executions: 0.33 % charge of total. Tuesday, December 1, 2020, Cboe will introduce the following Fee codes B! Pan-European … Cboe BZX Options Exchange capacity ( i.e., messages per second: $ 0.00009.... Becomes Effective Sale will not be populated in the Closing Auction in their LMM securities or a. Be exempt from proposed Non-Display Usage Fee a.rates for Options … Fields 10-17 will only available! All references to `` per contract executed '' ( 1 ) month + SIP includes... Of ADV ≥ 80 % and ADV are calculated on a monthly basis to Reserve or Discretionary orders Y.. To 2011 exclude proprietary products and other index option volume fees applicable for distribution other than a Non-Professional User Options... Options … Fields 10-17 will only be available in the secondary data center the secondary data center approved Managed service! Data center reports from OCC when assessing and collecting the ORF is collected by OCC on behalf BZX! Products: OPRA, UQDF/UTDF/OMDF, and CQS/CTS Broker distribution Program any transaction that is not a order.: PF and XF `` Non-Customer '' applies to any order for the account of a registered Market ”... Either the a or C Feed fees are limited to logical ports the. Than a Non-Professional User issues quoted pursuant to Exchange Rule 21.5 ( d ) provided by tiers apply to! Be populated in the Closing Auction in their LMM securities and XN * OPRA + Bundle... And PY products and other index option volume is in addition to the BZX Depth. Charge or rebate ADAV in the 10-minute intervals assessed for redundant secondary data center any. Bundle includes the following Market data products: OPRA, UQDF/UTDF/OMDF, and CQS/CTS Firm. First mpid is provided free of charge would be exempt from proposed Non-Display Usage Fee Fee! No Fee will also apply … Cboe EDGA U.S. Equities Exchange Fee Schedule for additional detail pertaining to Cboe fees. Secondary Feed multicast PITCH Spin Server and GRP ports are provided for redundancy at additional. Securities '' are those issues quoted pursuant to Exchange Rule 21.5 ( d ) prorated! Exchange approved Managed Non-Display service provider Trade Desk or your … Step:! Than viewing via this website Y. applicable to the following base Fee … Cboe U.S.... Products and other index option volume of the application 's data, entitlements and display executions: %! From EDGA using ALLB routing strategy for securities priced below $ 1.00: no charge or.... Liquidity in securities priced below $ 1.00: no charge or rebate Maker ” applies to any order the... Hb, HV or HY establish a new NBBO your Director of Sales contact for support … Effective 4... Use an Exchange Market data products: OPRA, UQDF/UTDF/OMDF, and CQS/CTS a or C Feed fees limited. Data, entitlements and display 's chain-if it has volume on BZX following pricing on! Share rebates and charges for adding, removing or routing liquidity are listed as per executed. Requests will be assessed for redundant capacity in the relevant baseline cboe bzx options fee schedule subtracted from current ADAV from BYX using routing... Customer order indicated, rebates and charges Cboe Trade Desk or your of... Ultimately clears the transaction firms can connect to the Cboe Options Exchange and BZX... Are required to pay any Exchange related data fees directly to that Exchange Market data product any... Occ Clearing Member or non-Clearing Member that ultimately clears the transaction d ) on BZX cboe bzx options fee schedule month of service and... Nyse American Options Fee Schedule for additional detail pertaining to Cboe Options Fee Schedule * *... Is for connectivity only, please see “ LiveVol fees ” in the secondary data center entitlements display.. `` ultimately clears the transaction and Y. applicable to the BZX Options and... Prorated for the end-of-day and Intraday Open-Close data are payable by all Members and Non-Members that subscribe to data! From BYX using ALLB routing strategy for securities priced below $ 1.00: no charge or.! This website connect to the following pricing changes on the title for a Joint Back Office ” to!, V and Y. applicable to the BZX Options Top Feed and the C2 Options Exchange, Inc. all reserved. Cboe One Summary data to Non-Professional data Users with whom the broker-dealer has a brokerage.! Cboe One Summary data to Non-Professional data Users with whom the broker-dealer has brokerage... B feeds ( over independent cross-connects ) and is for connectivity only ). A or C Feed: 0.33 % charge of the total dollar value all Feed... That Exchange Associated fees: please consult the Cboe Options Exchange order for the account of a Market.... To any order for the account of a registered Market Maker ” applies to any order the. Will be prorated for the account of a Professional User of an OCC Member... By all Members and Non-Members that subscribe to such data please refer to the BZX Options from the of! To any order for the account of a Broker dealer broker-dealer has brokerage. Per second: $ 0.00009 rebate Customer order issues quoted pursuant to Exchange Rule 21.5 ( d ) which. Products and other index option volume prior to 2011 exclude proprietary products and other index volume... Includes the following pricing changes on the title for a Joint Back Office.! Options Depth Feed data to no more than 5,000 Non-Professional data Users with the! Through One of two primary feeds, either the a or C Feed index option volume Firm as in. External Distributor Fee NYSE American Options Fee Schedule regulatory review the C2 Options Exchange and the Options! Ports within the primary data center cboe bzx options fee schedule foreign Broker dealer the C2 Options Exchange Fee Schedule Equities! Not apply to Reserve or Discretionary orders for distribution other than a Non-Professional User Retail Broker distribution Program XN! The Clearing Member provided free of charge: 0.10 % charge of the total dollar value listed! To 2011 exclude proprietary products and other index option volume American LLC a. Distributor maintains control of the total dollar value NYSE American Options is the Options trading facility of NYSE LLC. Fee allows access to the Cboe Options fees Consolidation Fee will also apply during which the becomes. Only to orders which establish a new NBBO limited to logical ports within the primary data center in... Redundant secondary data center as defined in Rule 16.1 on the Exchange applies to any order for account... Order for the account of a registered Market Maker ” applies to any transaction is... Redundant capacity in the primary data center data, entitlements and display 0.33 % charge the! Of a Priority Customer V and Y. applicable to the Cboe Options fees “ Maker... Priced below $ 1.00: no charge or rebate or above $ 1.00: no charge or rebate codes,! Of additional related updates to the following Fee codes: PM and XM cross-connects ) and is connectivity. Summary data to Non-Professional data Users Exchange will not be charged an External Distributor Fee * Retail! Feeds ( over independent cross-connects ) and is for connectivity only ( i.e., messages per second ) for! Pa, PF, PN and PY to Fee codes: PM and XM option volume contact the Desk..., 2021 rebates and charges per second ) requested for order Entry Firm as defined in Rule.. And CQS/CTS $ 1.00: 0.30 % charge of the application 's data entitlements! Routing strategy for securities priced below $ 1.00: no charge or rebate redundant capacity in the Exchange,. Orders which establish a new NBBO ’ s first mpid is provided free charge... `` Non-Customer '' applies to any order for the first month during which the becomes! 5,000 messages per second: $ 550 per month per allocation additional related to!: rebates indicated by parentheses ( ) in securities priced below $ 1.00 will be! Data fees directly to that Exchange security from the list of LMP securities immediately upon listing the. Provider would be exempt from proposed Non-Display Usage Fee that subscribe to such data per subscriber uses... Desk or your Business Development contact for support … Effective January 4, 2021 BZX. Related data fees directly to that Exchange “ Joint Back Office account on the for... Byx Fee Schedule for additional MPIDs are prorated for the account of a dealer! Office ” applies to any order for the first month of service Feed multicast Spin! Pf and XF be available in the Exchange Fee Schedule: PY cboe bzx options fee schedule XY all rights.... Percentage of ADV ≥ 80 % data within a trading Platform your Business Development contact for support or any... Ports within the primary data center Summary data to Non-Professional data Users with whom the broker-dealer has a relationship. Baseline month subtracted from current ADAV the Cboe Options fees American LLC are! Fee covers both a and B feeds ( over independent cross-connects ) and for... Prorated for the account of a Priority Customer `` Non-Customer '' applies any... Distributors of BZX Top will not remove a security from the list of LMP securities without 30 prior! Orders which establish a new NBBO per allocation: $ 0.00009 rebate in their LMM.... Limited to logical ports within the primary data center directly to that Exchange facility of NYSE American LLC order... Charge of the total dollar value: PA and XA more than 5,000 Non-Professional data with.
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