******Small Retail Broker Distribution Program. Step-Up Remove TCV means remove ADV as a percentage of TCV in the relevant baseline month subtracted from current remove ADV as a percentage of TCV. A charge of 1% per month on the past due portion of the balance will be assessed on a Member's account that is past due. A Member’s first MPID is provided free of charge. Cboe EDGA U.S. Equities Exchange Fee Schedule. If a Member’s transaction is assigned a fee code other than a standard fee code, the rates listed in the Fee Codes table will apply. 6 Transactions executed through the Solicitation Auction mechanism and Facilitation Auction mechanism. For the most comprehensive view of Nasdaq BX connectivity options and fee schedule please review rules 7015, 7034, and 7051 of the Rule Book. 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: Members who enter Attributable Orders into the Exchange’s System in at least 100 symbols over 10 consecutive trading days over the course of a month are eligible to participate in the Edge Attribution Incentive Program. $0.0038. *****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. Additionally, the fee code references will be made available in a downloadable format to provide Members the ability to automate the maintenance of their transaction rate tracking systems. Other options markets generally charge a maximum take fee … Distributor is a broker-dealer distributing Cboe One Summary Data to Non-Professional Data Users with whom the broker-dealer has a brokerage relationship. For a copy call Interactive Brokers' Client Services on 312-542-6901. Overview Effective January 3, 2017, Bats Global Markets will introduce the following fees relating to the Bats BZX Options Exchange, pending filing with the SEC. Options Transaction Fees & Credits A.Rates for Options transactions – Electronic and Manual B.Reserved C.NYSE American Options Market Maker Sliding Scale – Electronic Summary On the effective date, Bats will introduce a monthly BZX Options Participant Fee for each Options Applicable to the following fee codes: 3, 4, B, V, and Y. Applicable to the following fee codes: N, W, 6 and BB. Standard Rate Updates Standard rates for the following fee … 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. * Fee covers both A and B feeds (over independent cross-connects) and is for connectivity only. Reload document | Open in new tab Open in new tab *** As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive the EDGA Depth Feed from a Distributor for distribution to an unlimited number of Professional and Non-Professional Users. © 2021 Cboe Exchange, Inc. All rights reserved. Please refer to the Cboe Options Fee … Nasdaq ISE (ISE) launched in 2000 as the first all-electronic options exchange in the United States and became part of the Nasdaq Options suite of exchanges in June 2016. For more information read the "Characteristics and Risks of Standardized Options". The Enterprise Fee is in addition to the Distributor Fee. EDGX. Fee code D will be yielded if an SWPA routing strategy removes liquidity from NYSE. Exchange Fees per Contract (Buys and Sells) Passed to Client BOX. Effective March 2, 2020. SR-BATS-2013-063 December 9, 2013 Amendments to the fee schedule of BATS Exchange, Inc. SR-BATS-2013-062 December 5, 2013 Modifications to BATS Rule 22.6 with respect to Market Maker quoting obligations imposed by BATS Options. Fee code O will be yielded if an order is routed to NYSE Arca & BZX's closing process. A recipient firm must pay a separate Enterprise Fee for each External Distributor that controls the display of EDGA Last Sale if it wishes such User to be covered by the Enterprise Fee. Bats BZX Options Regulatory Fee Summary SIFMA provided comments to the Securities and Exchange Commission (SEC) on the suspension of and order instituting proceedings to determine whether to approve or disapprove a proposed rule change to modify the options regulatory fee. 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. ***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. $0.0001. Member adds or removes an ADV ≥ 0.05% of the TCV. $0.0029. Overview Effective Monday February 1, 2016, BATS Global Markets will introduce the following pricing changes on EDGX Options Exchange, pending filing with the SEC. ** Fee is charged per subscriber that uses the data within a Trading Platform. EDGX Options Exchange Fee Schedule Effective November 2, 2015 (Pending Filing with the Securities and Exchange Commission) Transaction Fees: Rebates indicated by parentheses ( ). Overview Effective Wednesday April 1, 2015, BATS Global Markets will introduce the following pricing changes on the BATS Options … More info here. ... For a dial by name directory call 734.794.6000 then select Option … No logical port fees will be assessed for redundant secondary data center ports. 6. The Exchange excludes from its calculation of TCV volume on any day that the Exchange experiences an Exchange System Disruption, on any day with a scheduled early market close, and the Russell Reconstitution Day. Transaction Fees: Rebates indicated by parentheses ( ). MIAX. Overview Effective Thursday October 1, 2015, BATS Global Markets will introduce the following pricing changes on BZX Options Exchange, pending filing with the SEC. Fee code I will be yielded if an order is routed to EDGX using the ROUX routing strategy. Overview Effective Thursday October 1, 2015, BATS Global Markets will introduce the following pricing changes on BZX Options Exchange, pending filing with the SEC. Transactions which occur in option contracts overlying 10 shares of a security (“Mini Options”) will be assessed 1/10. In addition to EDGA Depth fees, as described above, all subscribers to EDGA Depth Attributed will also incur the following fees: * Fees applicable for distribution other than viewing via this website. Effective January 19, 2021. You are viewing this site in certification mode. Options Regulatory Fee: The per-contract Options Regulatory Fee ("ORF") is assessed by BZX Options to each Member for options transactions cleared by the Member that are cleared by The Options … 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. *** As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive the EDGA Summary Depth Feed from an External Distributor for distribution to an unlimited number of Professional and Non-Professional Users. The fee … For the most comprehensive view of Nasdaq BX connectivity options and fee schedule please review rules 7015, 7034, and 7051 of the Rule Book. 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. New requests will be prorated for the first month of service. ** 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. Member routes an ADV ≥ 3,000,000 shares using routing strategy ROUT (i.e., yielding fee codes RT and RX). BATS. 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. BZX Options Exchange Fee Schedule Changes Effective November 2, 2015 . 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. The rates listed in the Standard Rates table apply unless a Member’s transaction is assigned a fee code other than a standard fee … Firms are required to pay any exchange related data fees directly to that exchange. • Firm electronic Options Transaction Charges in Penny Pilot and non-Penny Pilot Options will be reduced to $.11 per contract for a given month provided that a Firm has volume greater than 750,000 electronically-delivered contracts in a month ("Electronic Firm Fee Discount"). *New External Distributor Credit. 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. Previously, this fee was due, along with the building permit fee, when the permit was picked up. C2. Multicast PITCH is available through one of two primary feeds, either the A or C feed. Standard Rate Updates Standard rates for the following fee codes are updated as follows: This fee will begin to accrue on a daily basis for items not paid within the 30 day payment terms until the item is paid in full. EDGX Options Exchange Fee Schedule Effective November 2, 2015 (Pending Filing with the Securities and Exchange Commission) Transaction Fees: Rebates indicated by parentheses ( ). * As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive EDGA Last Sale from an External Distributor for distribution to an unlimited number of Professional and Non-Professional Users. BATS is proposing to extend the Penny Pilot for BATS Options through June 30, 2014. ** As an alternative to User fees, a recipient firm may purchase a monthly Digital Media Enterprise license to receive EDGA 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. ** Each External Distributor will be eligible to receive a credit against its monthly Distributor Fee for EDGA Book Viewer equal to the amount of its monthly User Fees up to a maximum of the Distributor Fee for EDGA Book Viewer. New External Distributors of the EDGA 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 EDGA Summary Depth Feed. There are currently no fee schedule notices for the selected year. *** OPRA + SIP Bundle includes the following market data products: OPRA, UQDF/UTDF/OMDF, and CQS/CTS. $0.0006. Effective January 4, 2021. BATS Options Exchange Fee Schedule Effective October [1]2, 201 5 * * * * * Standard Rates: Penny Pilot Securities Non -Penny Pilot Securities Mini Options Add Remove Add Remove Add … A Trading Platform is any execution platform operated as or by a registered National Securities Exchange (as defined in Section 3(a)(1) of the Exchange Act), an Alternative Trading System (as defined in Rule 300(a) of Regulation ATS), or an Electronic Communications Network (as defined in Rule 600(b)(23) of Regulation NMS). SR-BatsBZX-2017-13) February 16, 2017 Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Filing … The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial. th. Shares Executed At or Above $1.00 (Per Share Executed) "Options Market Maker Add OCV" for purposes of equities pricing means ADAV resulting from Market Maker orders as a percentage of OCV, using the definitions of ADAV, Market Maker and OCV as provided under the Exchange's fee schedule for BZX Options. BX Options Depth of Market; BX Options … Shares Executed At or Above $1.00 (Per … At least 90% of the Distributor's total subscriber population must consist of Non-Professional subscribers, inclusive of any subscribers not receiving Cboe One Summary Data. 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. Reserved. 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. 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. Routed to NYSE Arca, adds liquidity (Tape B), Routed to NASDAQ using INET routing strategy (Tape B), Adds liquidity to EDGA, pre and post market (Tapes A or C), Adds liquidity to EDGA, pre and post market (Tape B), Removes liquidity from EDGA, pre and post market (All Tapes), Routed, pre and post market, removes liquidity, Routed to EDGX 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, ROBB or ROCO 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 not within discretionary range, Adds liquidity using MidPoint Discretionary order within discretionary range, Removes liquidity using MidPoint Discretionary order not within discretionary range, Removes liquidity using MidPoint Discretionary order within discretionary range, Routed to IEX using DIRC routing strategy, Routed to NASDAQ using INET routing strategy (Tapes A or C), Non-displayed order, adds liquidity using Mid-Point Peg, Removes Mid-Point Peg liquidity from EDGA, Routed to BZX, EDGX, NYSE, NYSE Arca or Nasdaq; adds non-displayed liquidity, Routed to NYSE National using ROBB, ROCO or ROUC routing strategy, Routed to listing market opening or re-opening cross, Routed to EDGX, including pre and post market, adds liquidity, Adds liquidity to EDGA using RMPT or RMPL routing strategy, Routed to BZX, EDGX, NYSE, NYSE Arca or Nasdaq using RMPL routing strategy, Removes liquidity from EDGA using RMPT or RMPL routing strategy, Routed using RMPL routing strategy to a destination not covered by Fee Code PL or routed using RMPT routing strategy, Routed to a non-exchange destination using ROUC routing strategy, Non-displayed order, adds liquidity using Supplemental Peg, Routed to EDGX using DIRC routing strategy, Routed using SWPA routing strategy (except for removal of liquidity from NYSE), Routed to a non-exchange destination using ROCO or ROUZ routing strategy. Summary On the effective date, Bats will introduce a monthly BZX Options Participant Fee for each Options Member adds or removes an ADV ≥ 0.60% of the TCV. 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., September 1, 2011, January 1, 2012, etc.) This rule does not apply to all applications submitted prior to this date. Member adds or removes an ADV ≥ 2,000,000 shares using routing strategy RMPT or RMPL (i.e., yielding fee codes PA, PL, PT and PX). © 2021 Cboe Exchange, Inc. All rights reserved. A recipient firm must pay a separate Enterprise Fee for each External Distributor that controls the display of EDGA Book Viewer if it wishes such User to be covered by the Enterprise Fee. Final Rule Asset-Backed Securities Disclosure and Registration http://www.federalregister.gov/citation/79-FR-66607 79 FR 66607 34-73493 http://www.sec.gov… If two or more TPHs make a PULSe login ID available to the same non-broker-dealer customer or to the same non-TPH broker-dealer, the non-TPH login ID fee payable by each TPH … New External Distributors of the Cboe One Summary Feed will not be charged an External Distributor Fee for their first one (1) month in order to allow them to enlist new Users to receive the Cboe One Summary Feed. Bats BZX Options Fee Schedule Changes Effective January 3, 2017 . ** As an alternative to User fees, a recipient firm may purchase a monthly Digital Media Enterprise license to receive EDGA Top from an External Distributor for distribution to an unlimited number of Users for viewing via television, websites, and mobile devices for informational and non-trading purposes only. NASDAQ ITCH-to-Trade Options (ITTO) Historical ITTO; Best of NASDAQ Options (BONO) NOTO; PHLX. Update to Fee … 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. The Enterprise Fee is in addition to the Distributor Fee. Each month, the Exchange will set aside 25% of the revenue generated in connection with fees received from EdgeBook Attributed (the "Revenue Allotment"). Distributor distributes Cboe One Summary Data to no more than 5,000 Users. Member adds or removes an ADV ≥ 0.65% of the TCV. * Subscribers that use an Exchange approved Managed Non-Display Service Provider would be exempt from proposed Non-Display Usage Fee. Footnotes provide further explanatory text or, where annotated to fee codes, indicate variable rate changes, provided the conditions in the footnote are met. *** As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive EDGA Book Viewer from an External Distributor for distribution to an unlimited number of Professional and Non-Professional Users. 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 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. $0.0004. * New External Distributor Credit. **Each External Distributor will be eligible to receive a credit against its monthly Distributor Fee for the Cboe ne Feed equal to the amount of its monthly User Fees up to a maximum of the Distributor Fee for the Cboe One Feed. 2 This fee is waived for the first month for the first new user of a non-TPH. 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. Overview Effective January 3, 2017, Bats Global Markets will introduce the following fees relating to the Bats BZX Options Exchange, pending filing with the SEC. Please refer to the Cboe Options Fee Schedule for additional detail pertaining to Cboe Options fees. The fee to route provided by the below tier is applicable to the following fee code: RT. Please contact the Trade Desk or your Business Development contact for support or with any questions. Overview Effective Monday November 2, 2015, BATS Global Markets will introduce the following pricing changes on BZX Options Exchange, pending filing with the SEC. ADAV means average daily volume calculated as the number of shares added per day and ADV means daily volume calculated as the number of shares added to, removed from, or routed by, the Exchange, or any combination or subset thereof, per day. Amendments to the fee schedule of BATS Exchange, Inc. with respect to BATS Options pricing. A recipient firm must pay a separate Enterprise Fee for each External Distributor that controls the display of the EDGA Summary Depth Feed if it wishes such User to be covered by the Enterprise Fee. An options Specialist includes a Remote Specialist which is a defined as an options … All secondary feed Multicast PITCH Spin Server and GRP Ports are provided for redundancy at no additional cost. **** As an alternative to User fees, a recipient firm may purchase a monthly Digital Media Enterprise license to receive EDGA 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. EXERCISE / ASSIGNMENT OF OPTIONS Fee Exercise / Assignment / Cash settlement of options € 1.00 per contract ... United States (BATS) 15 minute delay Free after first transaction. NYSE AMERICAN OPTIONS FEE SCHEDULE* *NYSE American Options is the options trading facility of NYSE American LLC Effective as of January 13, 2021 Table of Contents Preface I. and the Member does not utilize the facilities of EDGA during such time, then the Member will not be obligated to pay the Annual Membership Fee. CBOE. The $.75-.80 take fee imposed by BATS under the new fee schedule far exceeds the typical take fee charged by competing options exchanges. Customer Penny Pilot Add Volume Tier (Fee … Click on the title for a summary of additional related updates to the BYX Fee Schedule. MPRL. 3 A Specialist is an Exchange member who is registered as an options specialist pursuant to Rule 1020(a). D. Mini Options . Taking too long? The fee to route provided by the below tier is applicable to the following fee code: PX. SECURITIES AND EXCHANGE COMMISSION (Release No. **** As an alternative to User fees, a recipient firm may purchase a monthly Digital Media Enterprise license to receive the EDGA 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. $0.0028. A Professional User of an Exchange Market Data product is any User other than a Non-Professional User. Floor Broker Multi-Class Spread Exclusion Form, Non-Customer, Non-Market-Maker, Non-Firm, Electronic, Penny, Non-Customer, Non-Market-Maker, Non-Firm, Electronic, Non-Penny, Non-Customer, Non-Market-Maker, Non-Firm, AIM Agency, Non-Customer, Non-Market-Maker, Non-Firm, Sector Indexes, Non-Customer, Non-Market-Maker, Non-Firm, Electronic, Non-AIM, RUT Family, Non-Customer, Non-Market-Maker, Non-Firm, OEX, XEO and VIX, Non-Customer, Non-Market-Maker, Non-Firm, Manual, AIM, RUT Family, Non-Customer, Non-Market-Maker, Non-Firm, SPX, SPESG, Customer, Removes liquidity, >=100 contracts, ETF, Customer, Removes liquidity, <100 contracts, ETF, Customer, OEX Weekly, XEO Weekly, Sector Indexes, Customer, Premium $0.00-$0.10, VIX, Simple, Customer, Premium $0.11-$0.99, VIX, Simple, Customer, Premium $1.00-$1.99, VIX, Simple, Customer, Premium $0.00-$0.10, VIX, Complex, Customer, Premium $0.11-$0.99, VIX, Complex, Customer, Premium $1.00-$1.99, VIX, Complex, Market-Maker, RLG, RLV, RUI, UKXM, OEX, XEO, Non-Customer, Non-Market-Maker, AIM Response, Penny, Non-Customer, Non-Market-Maker, AIM Response, Non-Penny, Customer, Routed to AMEX, BOX, BX, EDGX, MERC, MIAX, PHLX, ETF, Equity (excl SPY to PHLX), Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, ETF, Equity, Penny (incl SPY to PHLX), Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, ETF, Equity, Non-Penny, Customer, Routed to AMEX, BOX, BX, EDGX, MERC, MIAX, PHLX, 100 contracts, ETF, Originating on Exchange-sponsored terminal, Customer, Routed to AMEX, BOX, BX, EDGX, MERC, MIAX, PHLX, < 100 contracts ETF, Equity, Originating on Exchange-sponsored terminal, Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, 100 contracts ETF, Penny, Originating on Exchange-sponsored terminal, Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, 100 contracts ETF, Non-Penny, Originating on Exchange-sponsored terminal, Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, <100 contracts ETF, Equity, Penny, Originating on Exchange-sponsored terminal, Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, <100 contracts ETF, Equity, Non-Penny, Originating on Exchange-sponsored terminal, Customer, Routed, Index, Originating on Exchange-sponsored terminal, Customer, Routed, XSP, >=10 contracts, Originating on Exchange-sponsored terminal, Customer, Routed, XSP, <10 contracts, Originating on Exchange-sponsored terminal, Non-Customer, Non-Market-Maker, Non-Firm, XSP.