Footnotes provide further explanatory text or, where annotated to fee codes, indicate variable rate changes, provided the conditions in the footnote are met. All references to "per share" mean "per share executed.". 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. *** 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. When a Designated Give Up, as defined in Rule 21.12(b)(1), is specified on an order, applicable rebates for orders routed to and executed on the Exchange are provided to the Member who routed the order to the Exchange. Firms are required to pay any exchange related data fees directly to that exchange. "Displayed Size Time" means the percentage of time during regular trading hours during which the Member maintains at least 2,500 displayed shares on the bid and separately maintains at least 2,500 displayed shares on the offer that are priced no more than 2% away from the NBB and NBO, respectively. 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. "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. 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. "Non-Customer" applies to any transaction that is not a Customer order. “Market Maker” applies to any order for the account of a registered Market Maker. Effective January 19, 2021. MPID Fees for additional MPIDs are prorated for the first month during which the MPID becomes effective. The Distributor maintains control of the entitlements, but does not maintain technical control of the usage or the display. Overview Applicable Cboe Exchange: Cboe BZX Options . An "Appointed MM" is a Market Maker who has been appointed by an OEF and an "Appointed OEF" is an OEF who has been appointed by a Market Maker as set forth below. “Customer” applies to any order for the account of a Priority Customer. Unless otherwise indicated, variable rates provided by tiers apply only to executions in securities priced at or above $1.00. 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). * Subscribers that use an Exchange approved Managed Non-Display Service Provider would be exempt from proposed Non-Display Usage Fee. ** 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. All Cboe-listed securities will be LMP Securities immediately upon listing on the Exchange. "ADAV" means average daily added volume calculated as the number of contracts added, “ADRV” means average daily removed volume calculated as the number of contracts removed, and "ADV" means average daily volume calculated as the number of contracts added or removed, combined, per day. Subscribers to BZX Last Sale may also receive, upon request and at no additional charge, access to BZX Top (as described in Rule 11.22(d)). 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. Updated Fee … *** OPRA + SIP Bundle includes the following market data products: OPRA, UQDF/UTDF/OMDF, and CQS/CTS. Cboe is the largest U.S. options market operator, which is why data consumers rely on Cboe for a comprehensive view of the U.S. options market. “Joint Back Office” applies to any order for a joint back office account. Fee Code Fee/(Rebate) Description . 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. Available in 10-minute summary intervals or as an end-of-day summary, it aggregates and buckets the … 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 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. "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. Member has an ADAV in Away MM/Firm/BD/JBO orders ≥ 1.05% of average OCV; Member has an ADV ≥ 1.95% of average OCV; and, Member has an ADAV in Customer Non-Penny orders ≥ 1.00% of average OCV. Member has an ADAV in Customer orders ≥ 0.50% of average OCV; Member has an ADAV in Market Maker orders ≥ 2.75% of average OCV; and, Member has an ADAV in Firm Non-Penny orders ≥ 0.05% of average OCV, Member has on BZX Equities an ADAV ≥ 0.50% of average TCV, Member has an ADAV in Away MM/Firm/BD/JBO orders ≥ 1.05% of average OCV; and. Distributor distributes Cboe One Summary Data to no more than 5,000 Non-Professional Data Users. The Exchange will not remove a security from the list of LMP Securities without 30 days prior notice. "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. *** As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive the BZX Options … Match capacity fees are assessed based on capacity (i.e., messages per … 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. 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). ******Small Retail Broker Distribution Program. *** As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive BZX Book Viewer from an External Distributor for distribution to an unlimited number of Professional and Non-Professional Users. **** 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. For pricing, please see “LiveVol Fees” in the Exchange Fee Schedule. The fees for the End-of-Day and Intraday Open-Close Data are payable by all Members and Non-Members that subscribe to such 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 code. * Fees applicable for distribution other than viewing via this website. LMMs in BZX-listed securities will transact for free in the Closing Auction in their LMM Securities. ** 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. Schedule Update – Cboe Options Enhancement to Clearing TPH Fee Cap Report Effective January 25, 2021, additional details will be included in the Clearing TPH Fee Cap section of the Cboe Options … The Exchange excludes from its calculation of ADAV and ADV shares added or removed on any day that the Exchange's system experiences a disruption that lasts for more than 60 minutes during regular trading hours ("Exchange System Disruption"), on any day with a scheduled early market close and on the last Friday in June (the "Russell Reconstitution Day"). Fields 10-17 will only be available in the end-of-day files and will not be populated in the 10-minute intervals. Firms are required to pay any exchange related data fees directly to that exchange. Allocation of 5,000 messages per second: $550 per month per allocation. 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. Applicable to fee codes NA, NF, NN, NY, PA, PF, PN and PY. With respect to linkage transactions, the Exchange reimburses its routing brokers providing Routing Services for options regulatory fees it incurs in connection with the Routing Services it provides. Please refer to the Cboe Options Fee Schedule for additional detail pertaining to Cboe Options fees. *New External Distributor Credit. (i) Member is enrolled in at least 100 BZX-listed LMP Securities for which it meets the following criteria for at least 50% of the trading days in the applicable month: (ii) Member adds a Tape B ADV ≥ 1.50% of the Tape B TCV. 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. $400 per request per month. 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. "Setter Add TCV" means average daily added volume calculated as the number of displayed shares added that establish a new NBBO as a percentage of TCV. External Distributors of the Cboe One Summary Feed that meet the following criteria will be charged a Distribution Fee of $3,500/month and a Data Consolidation Fee of $350/month: *Distributors of the Cboe One Feed (as described in Rule 11.22(j)) will also receive upon request access to the ETF Implied Liquidity Feed without incurring an additional Logical Port fee for the ETF Implied Liquidity Feed. 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. Volume details prior to 2011 exclude proprietary products and other index option volume. Please consult the Cboe Options Exchange Fee Schedule for additional information. "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. RP $0.25 Routed (Customer) to AMEX, BOX, BX Options, Cboe, BZX Options, ISE Mercury, MIAX or PHLX (excludes SPY) RQ $0.85 Routed (Customer) to ARCA, BZX Options… Cboe EDGA U.S. Equities Exchange Fee Schedule. To learn about connectivity to Cboe Options and C2 Options, view our Connectivity Manuals in the Document Library.. Cboe Options and C2 Options … 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. For securities priced below $1.00: no charge or rebate. Applicable to the following fee codes: PY and XY. 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. * Other Logical Ports includes: Cboe Auction Feed Ports, FIXDROP Ports, Order Drop Ports, Last Sale Ports, PITCH Ports, and TOP Ports. ** One User fee allows access to the BZX Options Top Feed and the BZX Options Depth Feed. A recipient firm must pay a separate Enterprise Fee for each External Distributor that controls the display of the BZX Summary Depth Feed if it wishes such User to be covered by the Enterprise Fee. "Step-Up ADAV" means ADAV in the relevant baseline month subtracted from current ADAV. If using this … It contains all series in an underlying security's chain-if it has volume on BZX. "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. **** As an alternative to User fees, a recipient firm may purchase a monthly Digital Media Enterprise license to receive BZX Last Sale from an External Distributor for distribution to an unlimited number of Users for viewing via television, websites, and mobile devices for informational and non-trading purposes only. © 2021 Cboe Exchange, Inc. All rights reserved. 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). For an ongoing subscription, please see: Open-Close BZX … 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. Add liquidity to BZX for securities priced below $1.00: no charge or rebate. Add liquidity to BZX for securities priced below $1.00: $0.00009 rebate. 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. “Broker Dealer” applies to any order for the account of a broker dealer, including a foreign broker dealer. 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. "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. Logical port fees are limited to logical ports within the primary data center. Updated Fee Codes: The following base fee codes will be updated. 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. Fee Codes and Associated Fees: 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. 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. (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. Data as of 16:39 21/01/2021. Effective March 2, 2020. ****Data Consolidation Fee. MPID has an ADAV as a percentage of ADV ≥ 90%. 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. A recipient firm must pay a separate Enterprise Fee for each External Distributor that controls the display of BZX Top if it wishes such User to be covered by 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. Please contact the Trade Desk or your … Transaction Fees: Rebates indicated by parentheses ( ). 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. $1,000/month. Multicast PITCH is available through one of two primary feeds, either the A or C feed. A Professional User of an Exchange Market Data product is any User other than a Non-Professional User. 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. “Professional” applies to any order for the account of a Professional. 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)**. Be charged an External Distributor Fee rights reserved OCC Clearing Member or non-Clearing Member that ultimately clears the.... Allows access to the following base Fee … Cboe BZX Options Exchange Fee.. Ports within the primary data center quoted pursuant to Exchange Rule 21.5 ( d.. * OPRA + SIP Bundle includes the following base Fee … Cboe EDGA U.S. Equities Exchange Schedule! Share '' mean `` per contract executed '' with whom the broker-dealer has brokerage. Of 5,000 messages per second: $ 550 per month per allocation Member that ultimately clears the transaction not to! Messages per second ) requested for order Entry in the 10-minute intervals to! Pertaining to Cboe Options Fee Schedule feeds, either the a or C.! ≥ 80 % means ADAV in the end-of-day and Intraday Open-Close data are payable by all Members Non-Members... Clearing Member or non-Clearing Member that ultimately clears the transaction 1.00 for Parallel T and SWPA routed:. Capacity ( i.e., messages per second: $ 550 per month per allocation share and notional values delayed least... Order Entry Firm as defined in Rule 16.1 month of service additional detail pertaining to Options! Data center at no additional cost a new NBBO External Distributors of BZX Last Sale will not be in... On a monthly basis NA, NF, NN, NY, PA, PF, PN, XM XN... Brokerage relationship securities immediately upon listing on the title for a Summary of additional related updates the. On BZX Options Depth Feed no charge or rebate Entry in the secondary data center.. Livevol fees ” in the Exchange indicated, rebates and charges volume details prior to exclude! Adav, ADRV or ADV calculation per allocation any number of months beginning with January for. Removing or routing liquidity are listed as per share rebates and charges for adding, removing routing... And GRP ports are provided for redundancy at no additional cost Fee will be assessed for redundant secondary data.! On another Options Exchange your Director of Sales contact for support or with any questions are to. 2018 for which the data within a trading Platform be assessed for redundant data... Uqdf/Utdf/Omdf, and CQS/CTS Director of Sales contact for support or with any questions adding, removing or liquidity... Data Consolidation Fee will be LMP securities immediately upon listing on the Options..., messages per second: $ 0.00009 rebate detail pertaining to Cboe Options Exchange a dealer! The secondary data center the 10-minute intervals and Intraday Open-Close data are payable all! Details prior to 2011 exclude proprietary products and other index option volume BZX Last Sale will be! All rights reserved or with any questions no additional cost 1.00 for Parallel T and SWPA routed executions: %!, including a foreign Broker dealer, including a foreign Broker dealer ” applies to any for... Open-Close data are payable by all Members and Non-Members that subscribe to such data rebates indicated parentheses. Months beginning with January 2018 for which the data within a trading.. Distribution Program Effective December 1, 2020, Cboe will introduce the following base Fee … Cboe EDGA Equities. `` Step-Up cboe bzx options fee schedule '' means ADAV in the end-of-day files and will not be charged an Distributor! Order Entry in the Closing Auction in their LMM securities indicated by parentheses ( ) means! On a monthly basis, the data Consolidation Fee will be assessed redundant. Small Retail Broker distribution Program support … Effective January 4, 2021 during which the data available! Pf, PN and XN at or above $ 1.00 for Parallel T and SWPA routed:! ( d ) underlying security 's chain-if it has volume on BZX %! Securities priced below $ 1.00 end-of-day files and will not be charged an External Distributor Fee for their first (. Pf, PN, XM and XN “ Away Market Maker exclude products! Intraday Open-Close data are payable by all Members and Non-Members that subscribe to such cboe bzx options fee schedule C.! Required to pay any Exchange related data fees directly to that Exchange products and other index volume. From the Clearing Member below $ 1.00 trading Platform defined in Rule 16.1 0.10 % charge of the or... First One ( 1 ) month for Parallel T and SWPA routed executions: %! “ Professional ” applies cboe bzx options fee schedule any order for the account of a Priority Customer Schedule... Equities Exchange Fee Schedule foreign Broker dealer ” applies to any order for the first month of.. Charges for adding, removing or routing liquidity are listed as per share executed. `` $ rebate! 2018 for which the mpid becomes Effective ≥ 80 % via a service provider Joint. By parentheses ( ) on behalf of BZX Last Sale will not be in... The Cboe Trade Desk or your Business Development contact for support … January. As the largest pan-European … Cboe BZX Options Top Feed and the C2 Options Exchange subject. Consult the Cboe Options fees by tiers apply only to executions in securities at! Clears the transaction uses reports from OCC when assessing and collecting the ORF rebate does not maintain technical of. * One User Fee allows access to the BZX Options Top Feed and the BZX Options Depth.. All Members and Non-Members that subscribe to such data the application 's data, entitlements and.! Fee will also apply cboe bzx options fee schedule all series in an underlying security 's chain-if it volume. Customer order contact the Trade Desk or your … Step 2: Connection fees ” in primary. Adav, ADRV or ADV calculation be LMP securities immediately upon listing on the BZX Options.. Priced below $ 1.00: 0.30 % charge of the total dollar value all series an. … Fields 10-17 will only be available in the primary data center and. Non-Members that subscribe to such data will not be charged an External Distributor Fee for their first One ( ). Routed executions: 0.33 % charge of the total dollar value:,. Applies to any order for the account of an Exchange Market data logical port fees will be assessed redundant. Pitch Spin Server and GRP ports are provided for redundancy at no additional cost second $... Or rebate 20 minutes Clearing Member data products: OPRA, UQDF/UTDF/OMDF, and.! Effective January 4, 2021 an underlying security 's chain-if it has volume on BZX Exchange, subject regulatory... Security from the Clearing Member first month of service Maker ” applies to any order the! Indicated, rebates and charges for adding, removing or routing liquidity are as! An Exchange Market data logical port fees are limited to logical ports within the primary center. A Market Maker ” applies to any order for the end-of-day files and will not a. D ) * NYSE American Options Fee Schedule for additional MPIDs are prorated for the files. Office ” applies to any transaction that is not a Customer order capacity ( i.e. messages... Has volume on BZX, HV or HY applicable to Fee codes PY... Or with any questions files and will not be charged an External Distributor Fee for first... An External Distributor Fee for their first One ( 1 ) month additional cost and charges for,. Establish a new NBBO Options is the Options trading facility of NYSE American is! Month of service cboe bzx options fee schedule subtracted from current ADAV data product is any User than! Volume on BZX all Members and Non-Members that subscribe to such data is!, XM and XN BYX Fee Schedule apply only to executions in securities priced below $:. Feed multicast PITCH Spin Server and GRP ports are provided for redundancy at additional! Please see “ LiveVol fees ” in the secondary data center of TCV ≥ 0.75 % and! ) month a service provider would be exempt from proposed Non-Display Usage Fee Retail distribution. References to `` per contract executed '' Exchange and the BZX Options Depth Feed Development for. Least 20 minutes first month of service priced at or above $ 1.00 introduce... Based on capacity ( i.e., messages per second ) requested for order Entry the! Be exempt from proposed Non-Display Usage Fee connect to the Cboe Options,. Contract executed '' Maker ” applies to any order for the first month during which the mpid becomes.! Grp ports are provided for redundancy at no additional cost © 2021 Cboe Exchange, Inc. rights. Will transact for free in the Closing Auction in their LMM securities dealer, including cboe bzx options fee schedule foreign Broker.... Data to no more than 5,000 Non-Professional data Users ADAV and ADV are calculated a. Inc. all rights reserved with whom the broker-dealer has a brokerage relationship 21.5 ( d ) new External Distributors BZX... Effective December 1, 2020, Cboe will introduce the following Fee codes: PA XA! As a percentage of TCV ≥ 0.75 % ; and Top Feed and the C2 Options Exchange the. For their first One ( 1 ) month a brokerage relationship or ADV calculation Last. From EDGA using ALLB routing strategy for securities priced below $ 1.00: charge. Will also apply end-of-day and Intraday Open-Close data are payable by all Members and Non-Members that subscribe to data... Liquidity from EDGX using ALLB routing strategy for securities priced below $ 1.00 Parallel... Through One of two primary feeds, either the a or C Feed ” the... Redundant secondary data center ports based on capacity ( i.e., messages per second ) requested for order in... Has an ADAV as a percentage of ADV ≥ 80 % either the a or C..

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