It contains all series in an underlying security's chain-if it has volume on EDGX. 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)). Member has a Retail Step-Up Add TCV (i.e., yielding fee code ZA) from May 2020 ≥ 0.10%. Member Login Taking too long? A "White Label Service" is a type of hosted display solution in which a Distributor hosts or maintains a website or platform on behalf of a third-party entity. Member adds an ADV ≥ 0.20% of the TCV; and. Multi-Class Spread Rebate Form; Unless otherwise noted, all routing fees or rebates in the Fee Codes and Associated Fees table are for removing liquidity from the destination venue. EDGX Exchange 201-942-8239 3. 200 0 obj <>/Filter/FlateDecode/ID[]/Index[176 43]/Info 175 0 R/Length 116/Prev 140557/Root 177 0 R/Size 219/Type/XRef/W[1 3 1]>>stream Please refer to the Cboe Options Fee Schedule for additional detail pertaining to Cboe Options fees. Fee code O will be yielded if an order is routed to NYSE Arca & BZX's closing processes. 218 0 obj <>stream Options Transaction Fees & Credits A.Rates for Options transactions – Electronic and Manual B.Reserved C.NYSE American Options Market Maker Sliding Scale – Electronic SR-CboeEDGX-2020-062 Page 30 of 31 . 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. 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. The Enterprise Fee is in addition to the Distributor Fee. 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 $0.60 for such orders in non-Penny Pilot securities. Effective May 1, 2020. Options involve risk and are not suitable for all investors. The Unicast Access Order Entry fee shall not be charged for bandwidth required to access BZX, BYX, EDGA, EDGX, BZX Options, and EDGX Options. SR-EDGX-2015-03 January 8, 2015 Member has a Retail Step-Up Add TCV (i.e., yielding fee code ZA) from May 2020 ≥ 0.10%; and. The Exchange excludes from its calculation of TCV volume on any day that the Exchange experiences an Exchange System Disruption, on any day with a scheduled early market close, and the Russell Reconstitution Day. CFE Fee Schedule; Index Data. A recipient firm must pay a separate Enterprise Fee for each External Distributor that controls the display of EDGX Top if it wishes such User to be covered by the Enterprise Fee. Fee codes applicable to orders routed to NYSE Arca will be applied to orders routed to the NYSE or NYSE American where, pursuant to NYSE and NYSE American Rule 49, the NYSE or NYSE American have designated NYSE Arca as their backup facility to receive and process bids and offers and to execute orders on behalf of the NYSE or NYSE American. Cboe Response to COVID-19 Updates - Click here for more info. At least 90% of the Distributor's total subscriber population must consist of Non-Professional subscribers, inclusive of any subscribers not receiving Cboe One Summary Data. Fee code D will be yielded if an SWPA routing strategy removes liquidity from NYSE. Customer Volume Tiers (Updated) A charge of 1% per month on the past due portion of the balance will be assessed on a Member's account that is past due. h�bbd```b``�"��H�� ����&�@$�y�r�����B`��f%��DrG�HFeYzH2N�����5Ad��� RIH�7�c`� ADAV and ADV is calculated on a monthly basis. Effective December [3]10, 2020 * * * * * Fee Codes and Associated Fees: Please contact the Trade Desk or your Business Development contact for support or with any questions. 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. 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. 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. 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. * 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. *** As an alternative to User fees, a recipient firm may purchase a monthly Enterprise license to receive EDGX Book Viewer from an External Distributor for distribution to an unlimited number of Professional and Non-Professional Users. Overview: Effective . ** 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. 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). 176 0 obj <> endobj Footnotes provide further explanatory text or, where annotated to fee codes, indicate variable rate changes, provided the conditions in the footnote are met. Reload document | Open in new tab Open in new tab Member has a Step-Up Add TCV from March 2019 ≥ 0.10%. Unless otherwise indicated, rebates and charges for adding, removing or routing liquidity are listed as per share rebates and charges. 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. **** 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. 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. *New External Distributor Credit. 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. *** 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. ** 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. For more information read the "Characteristics and Risks of Standardized Options". *** 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. 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. Member has a Retail Step-Up Add TCV (i.e., yielding fee code ZA) from July 2020 ≥ 0.05%; and. 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. Customer Volume Tiers (Fee Codes PC, NC) A new Customer Volume Tier 1 will be introduced for Customer orders in either Penny or Non- 13 See e.g., Cboe BZX U.S. Options Exchange Fee Schedule, Footnotes 1 and 12, Customer Member adds a Retail Order ADV (i.e., yielding fee code ZA) ≥ 0.40% of the TCV. Unless otherwise indicated, variable rates provided by tiers apply only to executions in securities priced at or above $1.00. All secondary feed Multicast PITCH Spin Server and GRP Ports are provided for redundancy at no additional cost. *New External Distributor Credit. Multicast PITCH is available through one of two primary feeds, either the A or C feed. ** 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. 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. * Fees applicable for distribution other than viewing via this website. ***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. 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. ** 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. 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 Cboe One Feed if it wishes such User to be covered by the Enterprise Fee. 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. The Distribution Fee for EDGX Top is $750/month for External Distributors that meet the following criteria: A Distributor that provides derivative products based on EDGX Top or Cboe One Summary through an approved Derived Data Platform Service will be subject to the normal external distribution fees applicable for the distribution of EDGX Top or Cboe One Summary except that they will not be subject to the Non-Professional User fees normally applicable for the distribution of EDGX Top or Cboe One Summary. A Professional User of an Exchange Market Data product is any User other than a Non-Professional User. Logical port fees are limited to logical ports within the primary data center. 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. We have been building a better website experience throughout 2020. Please contact the Trade Desk or your Business Development contact for support or with any questions. Please contact the Trade Desk or your Business Development contact for support or with any questions. The Enterprise Fee is in addition to the Distributor Fee. *New External Distributor Credit. Updated Fee … The Exchange proposes to amend this schedule to add certain new routing options, effective upon filing with the Commission. © 2021 Cboe Exchange, Inc. All rights reserved. New Fee … Cboe Options Exchange CDS Fee Schedule; Cboe C2 Options Exchange CDS Fee Schedule; BZX Options Fee Schedule; EDGX Options Fee Schedule; Equities. For an ongoing subscription, please see: Open-Close EDGX - Subscription Reference ID: C2020013100. Professional User Fee Non-Professional User Fee; EDGX Options Depth: $500/month: $500/month: $10.00/month: $1.00/month: EDGX Options Top: EDGX Options Auction Feed: EDGX Options Complex Depth: EDGX Options Complex Top: EDGX Options Complex Auction 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. 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. Multi-Class Spread Rebate Form; 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. Cboe EDGX Options Fee Schedule Effective December 1, 2020 . The exchanges will resume normal trading hours on Tuesday, January 19, 2016. Distributor is a broker-dealer distributing EDGX Top Data to Non-Professional Data Users with whom the broker-dealer has a brokerage relationship. 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. %%EOF A Professional User of an Exchange Market Data product is any User other than a Non-Professional User. 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