SR-CboeEDGX-2020-062 Page 30 of 31 . 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. Distributor distributes EDGX Top Data to no more than 5,000 Non-Professional Data Users. A recipient firm must pay a separate Enterprise Fee for each External Distributor that controls the display of EDGX Book Viewer if it wishes such User to be covered by the Enterprise Fee. For example, a Distributor providing Derived Data based on EDGX 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). * Fee covers both A and B feeds (over independent cross-connects) and is for connectivity only. "Derived Data" is pricing data or other data that (i) is created in whole or in part from Exchange Data, (ii) is not an index or financial product, and (iii) cannot be readily reverse-engineered to recreate Exchange Data or used to create other data that is a reasonable facsimile or substitute for Exchange Data. *** As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive the EDGX Depth Feed from a Distributor for distribution to an unlimited number of Professional and Non-Professional Users. The Enterprise Fee is in addition to the Distributor Fee. 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). A Professional User of an Exchange Market Data product is any User other than a Non-Professional User. Each month, the Exchange will set aside 25% of the revenue generated in connection with fees received from EdgeBook Attributed (the "Revenue Allotment"). Please contact the Trade Desk or your Business Development contact for support or with any questions. SR-EDGX-2015-03 January 8, 2015 Monday, February 3 , 20 20, Cboe will introduce the following pricing changes on the EDGX Options Exchange, subject to regulatory review. Multi-Class Spread Rebate Form; 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. External Distributors of EDGX Depth may also receive, upon request and at no additional External Distribution Fee, access to EDGX Top (as described in Rule 13.8(c)) or EDGX Last Sale (as described in Rule 13.8(d)) for External Distribution. **** 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. Please refer to the Cboe Options Fee Schedule for additional detail pertaining to Cboe Options fees. 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 Home. 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. 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)**. 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. The exchanges will resume normal trading hours on Tuesday, January 19, 2016. Updated Fee … ** Each External Distributor will be eligible to receive a credit against its monthly Distributor Fee for the EDGX Summary Depth Feed equal to the amount of its monthly User Fees up to a maximum of the External Distributor Fee for the EDGX Summary Depth Feed. Subscribers to EDGX Top may also receive, upon request and at no additional charge, access to EDGX Last Sale (as described in Rule 13.8(d)). Cboe Response to COVID-19 Updates - Click here for more info. Please contact the Trade Desk or your Business Development contact for support or with any questions. In order to qualify for the exemption, the subscriber must meet the following requirements: (i) any subscriber applications that utilize EDGX Depth must be hosted within the Managed Non-Display Service Provider's space/cage; (ii) the subscriber's access to EDGX 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 EDGX Depth. 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. Reference ID: C2018060102. For pricing, please see “LiveVol Fees” in the Exchange Fee Schedule. * Fees applicable for distribution other than viewing via this website. The Book Viewer shows data for each of the Cboe U.S. Equities Exchanges – BZX, BYX, EDGX, and EDGA – and you can toggle between them in the upper left-hand corner of the tool. BYX Exchange, BZX Exchange, EDGA Exchange, EDGX Exchange, BZX Options Exchange and EDGX Options Exchange will be closed on Monday, January 18, 2016 in observance of Martin Luther King, Jr. Day. 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. * A Distributor that provides a White Label Service, API Service, or Platform Service for Derived Data taken from EDGX Top or Cboe One Summary is liable for these fees instead of the fees normally applicable for the distribution of EDGX Top or Cboe One Summary. 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. New External Distributors of the EDGX 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 EDGX Summary Depth Feed. Reference ID: C2020113001 Overview Applicable Cboe Exchange: Cboe EDGX Options Effective Tuesday, December 1, 2020, Cboe will introduce the following pricing changes on Cboe EDGX Options, subject to regulatory review. SR-EDGX-2011-20 July 13, 2011 Customer Volume Tiers (Fee Codes PC, NC) A new Customer Volume Tier 1 will be introduced for Customer orders in either Penny or Non- and the Member does not utilize the facilities of EDGX during such time, then the Member will not be obligated to pay the Annual Membership Fee. Cboe Options Exchange Fee Schedule. Effective March 2, 2020. TCV means total consolidated volume calculated as the volume reported by all exchanges and trade reporting facilities to a consolidated transaction reporting plan for the month for which the fees apply. ADAV and ADV is calculated on a monthly basis. Cboe Streaming Market Indexes (CSMI) Fee Schedule 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. EDGX Options Exchange Fee Schedule Update . *** 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. endstream endobj 177 0 obj <. 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. 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 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. Please contact the Trade Desk or your Business Development contact for support or with any questions. The rebate to add provided by the below volume tier is applicable to the following fee codes: DM, HA, MM and RP. ** Each External Distributor will be eligible to receive a credit against its monthly Distributor Fee for EDGX Top equal to the amount of its monthly User Fees up to a maximum of the Distributor Fee for EDGX Top. 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.) Base Rate Updates The following new BAM related fee codes have been introduced: Logical Ports For Cboe One Summary, the Data Consolidation fee will also apply. Unless otherwise noted, all routing fees or rebates in the Fee Codes and Associated Fees table are for removing liquidity from the destination venue. 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. *New External Distributor Credit. Distributor distributes Cboe One Summary Data to no more than 5,000 Non-Professional Data Users. 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. 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. Customer Volume Tiers (Updated) Unless otherwise indicated, variable rates provided by tiers apply only to executions in securities priced at or above $1.00. Member removes an ADV ≥ 0.70% of the TCV. 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. Member adds a Retail Order ADV (i.e., yielding fee code ZA) ≥ 0.60% of the TCV. Options Transaction Fees & Credits A.Rates for Options transactions – Electronic and Manual B.Reserved C.NYSE American Options Market Maker Sliding Scale – Electronic Cboe EDGA U.S. Equities Exchange Fee Schedule. © 2021 Cboe Exchange, Inc. All rights reserved. EDGX Options Exchange Fee Schedule Update Effective October 3, 2016 . 13 See e.g., Cboe BZX U.S. Options Exchange Fee Schedule, Footnotes 1 and 12, Customer A Professional User of an Exchange Market Data product is any User other than a Non-Professional User. ** 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. 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 $0.0001 per share per side. Non-Display Usage means any method of accessing a Market Data product that involves access or use by a machine or automated device without access or use of a display by a natural person or persons. Step-Up Add TCV means ADAV as a percentage of TCV in the relevant baseline month subtracted from current ADAV as a percentage of TCV. ******Small Retail Broker Distribution Program. With prior notice to the Exchange, a Member may aggregate ADAV and ADV with other Members that control, are controlled by, or are under common control with such Member (as evidenced on such Member's Form BD). ** Each External Distributor will be eligible to receive a credit against its monthly Distributor Fee for EDGX Book Viewer equal to the amount of its monthly User Fees up to a maximum of the Distributor Fee for EDGX Book Viewer. Book Viewer Please refer to the Cboe Options Fee Schedule for additional detail pertaining to Cboe Options fees. Fee code D will be yielded if an SWPA routing strategy removes liquidity from NYSE. New Fee … Updated Fee Codes: A Managed Non-Display Service Provider is a Distributor that host a subscriber's applications that utilizes a Market Data Product within the Managed Non-Display Service Provider's space/cage; fully manages and controls access to the Market Data Product, and does not permit further redistribution of the Market Data Product internally or externally. Multicast PITCH is available through one of two primary feeds, either the A or C feed. h�bbd```b``�"��H�� ����&�@$�y�r�����B`��f%��DrG�HFeYzH2N�����5Ad��� RIH�7�c`� Cboe Options Exchange CDS Fee Schedule; Cboe C2 Options Exchange CDS Fee Schedule; BZX Options Fee Schedule; EDGX Options Fee Schedule; Equities. 218 0 obj <>stream The Unicast Access Order Entry fee shall not be charged for bandwidth required to access BZX, BYX, EDGA, EDGX, BZX Options, and EDGX Options. Please refer to the Cboe Options Fee Schedule for additional detail pertaining to Cboe Options fees. A recipient firm must pay a separate Enterprise Fee for each Distributor that controls the display of the EDGXX Depth Feed if it wishes such User to be covered by the Enterprise Fee. EDGX Exchange 201-942-8239 3. Options Physical Connection Fees Service Fee per Physical Port 1G physical port $2,000/month 10G physical port $4,000/month 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. For a copy call Interactive Brokers' Client Services on 312-542-6901. 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. EDGX Exchange, Inc. proposes to amend its fee schedule to increase the fee for orders yielding fee code K. SR-EDGX-2015-04 January 16, 2015 EDGX Exchange, Inc. proposes to make non-substantive amendments and clarifications to the fee schedule. Reference ID: C2020013100. Definitions • “OCV” means OCC Customer Total Volume in equity and ETF options volume that clears in ***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. New External Distributors of EDGX Last Sale will not be charged an External Distributor Fee for their first one (1) month. 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). 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�� 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. 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. Fee Codes and Associated Fees: %%EOF **** As an alternative to User fees, a recipient firm may purchase a monthly Digital Media Enterprise license to receive EDGX 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. CFE Fee Schedule; Index Data. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change (a) Purpose The Exchange’s fee schedule contains a current list of routing options. 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. 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 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. ** Each External Distributor will be eligible to receive a credit against its monthly Distributor Fee for EDGX Last Sale equal to the amount of its monthly User Fees up to a maximum of the Distributor Fee for EDGX Last Sale. Click here for details. For more information read the "Characteristics and Risks of Standardized Options". Overview Effective Monday, October 3, 2016, Bats Global Markets will introduce the following pricing changes on EDGX Options Exchange, pending filing with the SEC. No logical port fees will be assessed for redundant secondary data center ports. Overview Effective immediately, Bats Global Markets has introduced the following pricing changes on EDGX Options Exchangein connection with the launch of the Bats Auction Mechanism (“BAM”). [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. Options involve risk and are not suitable for all investors. complete a cross-connect. Cboe EDGX Options Fee Schedule Effective December 1, 2020 . The Enterprise Fee is in addition to the Distributor 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. Unless otherwise indicated, rebates and charges for adding, removing or routing liquidity are listed as per share rebates and charges. Member Login *New External Distributor Credit. The Exchange offers the following Exchange data products free of charge, except as otherwise noted in the Fee Schedule: (1) [Multicast PITCH]EDGX Options Depth. lP ��LQ �g Overview: Effective . Late fees incurred will be included as line items on subsequent invoices. 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). 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.