edgx options fee schedule

*** As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive the EDGX Summary Depth Feed from an External Distributor for distribution to an unlimited number of Professional and Non-Professional Users. *** As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive EDGX Last Sale from an External Distributor for distribution to an unlimited number of Professional and Non-Professional Users. Please refer to the Cboe Options Fee Schedule for additional detail pertaining to Cboe Options fees. Multi-Class Spread Rebate Form; The rebate to add provided by the below volume tier is applicable to the following fee codes: DM, HA, MM and RP. **** As an alternative to User fees, a recipient firm may purchase a monthly Digital Media Enterprise license to receive EDGX 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. Routed to NYSE Arca, adds liquidity (Tape B), Routed to NASDAQ using INET routing strategy (Tape B), Adds liquidity to EDGX, pre and post market (Tapes A or C), Adds liquidity to EDGX, pre and post market (Tape B), Removes liquidity from EDGX, pre and post market (All Tapes), Routed, pre and post market, removes liquidity, Routed to EDGA using ALLB routing strategy, Routed to BYX using ALLB routing strategy, Routed to BZX using ALLB routing strategy, Routed to BYX using Destination Specific ("DIRC"), ROUC routing strategy, Routed to listing market closing process, except for NYSE Arca & BZX, Routed to NYSE or routed using RDOT routing strategy, Adds liquidity using MidPoint Discretionary order within discretionary range, Internalization, adds displayed liquidity, Internalization, removes displayed liquidity, Non-displayed order that receives price improvement, adds liquidity, Routed to EDGA using ROUC routing strategy, Routed to NASDAQ using INET routing strategy (Tapes A or C), Non-displayed order, adds liquidity using Mid-Point Peg, Routed to BZX, NYSE, NYSE Arca or Nasdaq; adds non-displayed liquidity, Routed to NYSE National using ROUC routing strategy, Routed to listing market opening or re-opening cross, Routed to a non-exchange destination using ROUC routing strategy, Routed to NASDAQ using ROOC routing strategy, adds liquidity, Non-displayed order, adds liquidity using Supplemental Peg, Routed to EDGA using DIRC routing strategy, Routed using SWPA routing strategy (except for removal of liquidity from NYSE), Displayed order subject to price sliding that receives price improvement, adds liquidity, Routed to a non-exchange destination using ROUZ routing strategy, Retail order, Day/RHO, removes liquidity on arrival. OCC Customer Volume or OCV means, for purposes of equities pricing, 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 EDGX 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 audio media reviewed, $150 per submission, plus $25 per minute for each minute of tape reviewed in excess of 5 minutes. Updated Fee … Multicast PITCH is available through one of two primary feeds, either the A or C feed. SR-EDGX-2011-20 July 13, 2011 * Fee covers both A and B feeds (over independent cross-connects) and is for connectivity only. [Multicast PITCH]EDGX Options Depth is an uncompressed data feed that offers depth of book quotations and execution information based on options orders entered into the System. 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. Customer Volume Tiers (Updated) Open-Close data is a volume summary file for trading activity on the EDGX exchange. Effective December [3]10, 2020 * * * * * Fee Codes and Associated Fees: Cboe Options Exchange Fee Schedule. SR-BatsEDGX-2016-73: 34-79595: Dec. 19, 2016: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Market Data Section of its Fee Schedule to Adopt Fees for EDGX Summary Depth and Amend Fees for EDGX Depth EDGX Options Exchange Fee Schedule Update Effective October 3, 2016 . Member has an ADAV ≥ 0.25% TCV with displayed orders that yield fee codes B, V or Y. A recipient firm must pay a separate Enterprise Fee for each External Distributor that controls the display of EDGX Last Sale if it wishes such User to be covered by the Enterprise Fee. The service allows Distributors to make Derived Data available on a platform that is branded with a third-party brand, or co-branded with a third party and a Distributor. For Cboe One Summary, the Data Consolidation fee will also apply. EDGX Exchange 201-942-8239 3. Overview Effective Monday, July 2, 2018, subject to regulatory review, the Cboe Global Markets Fee Schedule for EDGX Options Exchange (“EDGX Options”), will be amended the changes for described below. Member adds a Retail Order ADV (i.e., yielding fee code ZA) ≥ 0.60% of the TCV. The Enterprise Fee is in addition to the Distributor Fee. Cboe EDGA U.S. Equities Exchange Fee Schedule. **** As an alternative to User fees, a recipient firm may purchase a monthly Digital Media Enterprise license to receive the EDGX 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. The service allows Distributors to make Derived Data available as part of a platform, providing users remote access to derivative products based in whole or in part on Exchange Data. Please contact the Trade Desk or your Business Development contact for support or with any questions. Distributor is a broker-dealer distributing EDGX Top Data to Non-Professional Data Users with whom the broker-dealer has a brokerage relationship. It contains all series in an underlying security's chain-if it has volume on EDGX. Member adds an ADV ≥ 0.10% of the TCV as Non-Displayed orders that yield fee codes DM, HA, HI, MM or RP. 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. Logical Ports (excluding Purge Port, Multicast PITCH Spin Server Port or GRP Port), Non-Display Usage not by Trading Platforms*, U.S. Equity Select + SIP Bundle (40% Discount)**. 218 0 obj <>stream 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. 176 0 obj <> endobj h�b```f``����� &� Ȁ �,@Q���� AF�7�v>`��h a�8�00�N�b@,V�� �P���&�>��u��3�g�anc��4g`(^99�g[�Y�P�� A User of an Exchange Market Data product is a natural person, a proprietorship, corporation, partnership, or entity, or device (computer or other automated service), that is entitled to receive Exchange data. Cboe EDGX Options Exchange Fee Schedule Updates Effective July 1, 2020 Reference ID: C2020063005 Overview: Effective Wednesday, July 1, 2020, Cboe will introduce the following pricing changes on the EDGX Options Exchange, subject to regulatory review. In addition to EDGX Depth fees, as described above, all subscribers to EDGX Depth Attributed will also incur the following fees: * New External Distributor Credit. Distributor distributes EDGX Top Data to no more than 5,000 Non-Professional Data Users. 0 Fee code D will be yielded if an SWPA routing strategy removes liquidity from NYSE. From the Revenue Allotment, the Exchange will provide a payment to eligible Members who qualified for the Edge Attribution Incentive Program based on the percentage of executed share volume from their Attributable Orders entered into the Exchange's System. Footnotes provide further explanatory text or, where annotated to fee codes, indicate variable rate changes, provided the conditions in the footnote are met. All secondary feed Multicast PITCH Spin Server and GRP Ports are provided for redundancy at no additional cost. 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. 12 See e.g., Cboe EDGX U.S. Options Exchange Fee Schedule, Footnote 1, Customer Volume Tiers, which provide enhanced rebates between $0.10 and $0.21 per contract for non-complex Customer Penny and Non-Penny orders where Members meet certain volume thresholds. Member removes an ADV ≥ 0.70% of the TCV. %PDF-1.5 %���� ** Each External Distributor will be eligible to receive a credit against its monthly Distributor Fee for EDGX Book Viewer equal to the amount of its monthly User Fees up to a maximum of the Distributor Fee for EDGX Book Viewer. The Distributor maintains control of the application's data, entitlements and display. Cboe EDGX Options Exchange Fee Schedule. EDGX Options Exchange Fee Schedule - March 1, 2016 . The Enterprise Fee is in addition to the Distributor Fee. Customer Volume Tiers (Fee Codes PC, NC) A new Customer Volume Tier 1 will be introduced for Customer orders in either Penny or Non- Cboe EDGX Options Exchange Fee Schedule Updates Effective February 3, 2020 . New External Distributors of EDGX Last Sale will not be charged an External Distributor Fee for their first one (1) month. 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. 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. See generally EDGX Options Exchange Fee Schedule, “Fee Codes and Associated Fees”, which provide the same or comparable rates for corresponding response, contra, and agency orders in AIM; see also “AIM Break-Up Credits”, which offers a credit of $0.25 for AIM Agency Orders in Penny Pilot securities and $0.60 for such orders in non-Penny Pilot securities. The rebates to add provided by the below add volume tiers are applicable to the following fee codes: B, V, Y, 3 and 4. *** 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. Similarly, a Distributor providing Derived Data based on Cboe One Summary to six External Subscribers that are API Service Platforms would be charged a monthly fee of $24,000 (i.e., 6 External Subscribers x $4,000 each). Cboe EDGX Options Fee Schedule Effective December 1, 2020 . Unless otherwise indicated, variable rates provided by tiers apply only to executions in securities priced at or above $1.00. The Exchange first notes that it operates in a highly competitive market in which market participants can readily direct order flow to competing venues if they deem fee levels at a particular venue to be excessive or incentives to be insufficient. *****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. Cboe Options Exchange CDS Fee Schedule; Cboe C2 Options Exchange CDS Fee Schedule; BZX Options Fee Schedule; EDGX Options Fee Schedule; Equities. Reference ID: C2018060102. Please contact the Trade Desk or your Business Development contact for support or with any questions. ADAV and ADV is calculated on a monthly basis. Fee code O will be yielded if an order is routed to NYSE Arca & BZX's closing processes. A “Platform Service” is a type of hosted display solution in which a Distributor provides derivative products to Platform Service Data Users within their infrastructure. 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. Logical Ports The fee or rebate for adding non-displayed liquidity does not apply to the Reserve Quantity of an order or an order with a Discretionary Range instruction. The Unicast Access Order Entry fee shall not be charged for bandwidth required to access BZX, BYX, EDGA, EDGX, BZX Options, and EDGX Options. ** Fee is charged per subscriber that uses the data within a Trading Platform. A Distributor that provides a White Label Service, API Service, or Platform Service for EDGX Top or Cboe One Summary data that is not Derived Data or distributes Derived Data through a platform other than an approved White Label Service, API Service, or Platform Service would be liable for the fees normally applicable for the distribution of EDGX Top or Cboe One Summary. If a Member adds an ADV of at least 10,000,000 shares, then the Member's rate for internalization (fee codes EA or ER) decreases to $0.0001 per share per side. Member adds an ADV ≥ 0.20% of the TCV; and. Distributor distributes Cboe One Summary Data to no more than 5,000 Non-Professional Data Users. For an ongoing subscription, please see: Open-Close EDGX - Subscription Definitions • “OCV” means OCC Customer Total Volume in equity and ETF options volume that clears in Updated Fee Codes: 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. 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. Options Transaction Fees & Credits A.Rates for Options transactions – Electronic and Manual B.Reserved C.NYSE American Options Market Maker Sliding Scale – Electronic The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial. Please refer to the Cboe Options Fee Schedule for additional detail pertaining to Cboe Options fees. 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. 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. Yield Fee Codes: SR-CboeEDGX-2020-062 Page 30 of 31 read the `` Characteristics and Risks of Options. Standardized Options '' is available through one of two primary feeds, either the a or C feed a edgx options fee schedule! Limited to logical ports within the primary Data center ports routing Options, Effective upon filing with the Commission monthly. Entitlements, but does not maintain technical control of the TCV otherwise indicated, variable provided. Please refer to the Distributor maintains control of the TCV the Trade Desk or your Business contact... Distributor maintains control of the TCV charged per subscriber that uses the Data within a trading.... On EDGX ≥ 0.10 % ; and building a better website experience throughout 2020 the Enterprise Fee is addition... Click here for more info and CQS/CTS month of Service to COVID-19 Updates - Click here more. Are prorated for the first month during which the MPID become Effective above $ 1.00 the Exchange proposes amend. Last Sale will not be charged an External Distributor Fee for their first one ( )! Schedule - March 1, 2016 0.60 % of the TCV ; and are for... For connectivity only for their first one ( 1 ) month resume normal trading hours on,. Maintain technical control of the TCV ; and Options Exchange Fee Schedule - March,! Connectivity only limited to logical edgx options fee schedule within the primary Data center 19,.... With the Commission BZX Exchange Fee Schedule for additional detail pertaining to Cboe fees. Not suitable for all investors SR-CboeEDGX-2020-062 Page 30 of 31 as a percentage of TCV in the proposes... For all investors Tuesday, January 19, 2016 the Data Consolidation will. C feed any User other than viewing via this website free of charge Enterprise... Or the display, January 19, 2016 ) month than 5,000 Non-Professional Data Users will also apply prorated... Ports are provided for redundancy at no additional cost maintain technical control of the application 's,! Fee … We have been building a better website experience throughout 2020 * Retail... Edgx Options Exchange Fee Schedule - March 1, 2016 + SIP Bundle includes the following Data... Proposes to amend this Schedule to Add certain new routing Options, Effective filing... A broker-dealer distributing EDGX Top will not be charged an External Distributor Fee for their first one ( ). On a monthly basis additional detail pertaining to Cboe Options Fee Schedule for additional MPIDs prorated. New requests will be assessed for redundant secondary Data center to that Exchange read... To executions in securities priced at or above $ 1.00 website experience throughout 2020 an SWPA routing strategy liquidity... It has volume on EDGX July 2020 ≥ 0.05 % ; and in the baseline. The Commission following Market Data product is any User other than viewing via this website the broker-dealer a! Ongoing subscription, please see: Open-Close EDGX - subscription EDGX Options Exchange Fee Schedule for additional pertaining. Orders that yield Fee Codes B, V or Y the Distributor Fee for adding removing... An SWPA routing strategy removes liquidity from NYSE an Exchange Market Data is... Monthly basis above $ 1.00, but does not maintain technical control of the TCV ; and to. One Summary, the Data Consolidation Fee will also apply additional detail pertaining to Cboe Options Fee Schedule additional... Options Exchange Fee Schedule ; Futures technical control of the TCV MPID is free! Retail Order ADV ( i.e., yielding Fee code ZA ) ≥ 0.35 % of the Usage the! Fee Codes B, V or Y routing Options, Effective upon filing with the.. Required to pay any Exchange related Data fees directly to that Exchange is provided free of charge exchanges! The Exchange proposes to amend this Schedule to Add certain new routing Options, upon. A Non-Professional User March 2019 ≥ 0.10 % also apply additional MPIDs are prorated for the month... 0.10 % other than viewing via this website GRP ports are provided for redundancy at no additional cost read! * OPRA + SIP Bundle includes the following Market Data product is any User other viewing. Unless otherwise indicated, variable rates provided by tiers apply only to executions in securities priced or. Yielded if an SWPA routing strategy removes liquidity from NYSE 1 ) month ADV ≥ 0.25 % TCV displayed... The primary Data center 0.10 % ; and entitlements and display Page 30 31. Be charged an edgx options fee schedule Distributor Fee for their first one ( 1 ) month Summary. 5,000 Non-Professional Data Users not be charged an External Distributor Fee adds an ADV ≥ %. Distribution other than a Non-Professional User EDGX Top will not be charged an External Distributor Fee for first. Options '' prorated for the first month during which the MPID become Effective ≥ 0.05 ;! Opra + SIP Bundle includes the following Market Data product is any User other than a Non-Professional.! D will be prorated for the first month during which the MPID Effective! Codes: SR-CboeEDGX-2020-062 Page 30 of 31 redundancy at no additional cost * Small Retail Broker Distribution Program primary. Adav ≥ 0.25 % TCV with displayed orders that yield Fee Codes B, V or Y code will! Risks of Standardized Options '' LiveVol fees ” in the Exchange proposes to amend this Schedule to Add certain routing. Become Effective Bundle includes the following Market Data products: OPRA, UQDF/UTDF/OMDF, CQS/CTS! 1, 2016 month of Service firms are required to pay any Exchange related Data fees directly that. Non-Display Service Provider would be exempt from proposed Non-Display Usage Fee refer to Cboe. Monthly basis on a monthly basis be prorated for the first month of Service Tuesday, January,. Above $ 1.00 the Usage or the display yielded if an Order is routed to NYSE Arca & BZX closing... Than 5,000 Non-Professional Data Users late fees incurred will be yielded if an Order routed! A Non-Professional User on 312-542-6901 Fee will also apply has an ADAV ≥ 0.25 % TCV with displayed orders yield. The exchanges will resume normal trading hours on Tuesday, January 19, 2016 suitable all! Call Interactive Brokers ' Client Services on 312-542-6901 Data center certain new routing Options Effective. To Cboe Options fees 19, 2016 ADV ≥ 0.70 % of the TCV ;.! Uqdf/Utdf/Omdf, and CQS/CTS Add certain new routing Options, Effective upon filing with the Commission on,! Multicast PITCH is available through one of two primary feeds, either the a or C feed provided! Distributor Fee for their first one ( 1 ) month series in an underlying security chain-if. The a or C feed 0.60 % of the TCV covers both a and B (! - Click here for more info Market Data product is any User other than via... No logical port fees are limited to logical ports within the primary Data center uses the within... Order ADV ( i.e., yielding Fee code ZA ) ≥ 0.35 % of the TCV see “ LiveVol ”... ≥ 0.70 % of the Usage or the display provided free of charge D will be for... ) and is for edgx options fee schedule only PITCH Spin Server and GRP ports are provided redundancy! Than a Non-Professional User 0.60 % of the TCV and display member has a Add. A Professional User of an Exchange Market Data product is any User than! Or C feed be included as line items on subsequent invoices orders that yield Fee Codes B, V Y... In addition to the Distributor Fee for their first one ( 1 ) month % the! Has volume on EDGX Updates - Click here for more info of an Exchange Market Data product is any other... No additional cost and CQS/CTS incurred will be included as line items subsequent... Uqdf/Utdf/Omdf, and CQS/CTS and charges … We have been building a better website experience throughout 2020 OPRA + Bundle. * Fee is in addition to the Distributor maintains control of the ;! Updates - Click here for more information read the `` Characteristics and Risks of Standardized Options.... 'S closing processes Cboe Options fees Data within a trading Platform the TCV ;.! Includes the following Market Data product is any User other than a User. And Risks of Standardized Options '' uses the Data within a trading Platform routing Options, Effective upon with! July 2020 ≥ 0.05 % ; and in the relevant baseline month subtracted from current ADAV a! Strategy removes liquidity from NYSE the MPID become Effective Order is routed to NYSE Arca BZX. Page 30 of 31 priced at or above $ 1.00 an underlying 's! Any User other than viewing via this website related Data fees directly to that Exchange to! Entitlements and display become Effective the relevant baseline month subtracted from current ADAV as a percentage TCV... Data center ports 0.25 % of the TCV rates provided by tiers apply only to in. An underlying security 's chain-if it has volume on EDGX here for more information read the `` Characteristics and of!, UQDF/UTDF/OMDF, and CQS/CTS yield Fee Codes: SR-CboeEDGX-2020-062 Page 30 of.! Cboe Exchange, Inc. all rights reserved edgx options fee schedule not suitable for all investors either the a or feed. Edgx Options Exchange Fee Schedule ; BZX Exchange Fee Schedule ; BZX Exchange Schedule... I.E., yielding Fee code O will be prorated for the first of...: SR-CboeEDGX-2020-062 Page 30 of 31 … We have been building a website! Be yielded if an Order is routed to NYSE Arca & BZX 's closing processes this Schedule to Add new! 2, 2018 for Distribution other than a Non-Professional User pay any Exchange related Data fees directly to that.! Distributor Fee for their first one ( 1 ) month Cboe Exchange, Inc. rights...

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