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Cboe Global Markets

Cboe U.S. Options Fee Schedules

Effective August 2, 2021

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. 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.

Transaction Fees:

The following rates apply to simple, non-complex orders in all equity, multiply-listed index, ETF and ETN options classes. Listed rates are per contract. All except RUT, DJX, SPY, AAPL, QQQ, IWM and SLV.

  Penny Classes Non-Penny Classes
  Add Remove Add Remove
Code Rates Code Rates Code Rates Code Rates
Public Customer PY ($0.42) PC $0.43 NY ($0.80) NC $0.85
C2 Market-Maker PM ($0.41) PR $0.49 NM ($0.73) NR $0.90
Non-Customer, Non-Market Maker (Professional Customer, Firm, Broker/Dealer, non-C2 Market-Maker, JBO, etc.) PN ($0.36) PP $0.49 NN ($0.65) NP $0.93
Trades at the Open OO FREE OO FREE OO FREE OO FREE
Resting simple trades with resting complex CA FREE CA FREE CA FREE CA FREE

For transactions in which simple, non-complex orders or quotes execute against a resting complex order, no fees or rebates will be assessed to any component of the resting complex order or the simple, non-complex orders or quotes.

The following rates apply to complex orders in equity, multiply-listed index, ETF and ETN options classes. For transactions in which resting simple, non-complex orders or quotes execute against an incoming marketable complex order, each component of the complex order will be assessed the complex order fees listed in the rate table below, while the simple, non-complex orders and quotes will be assessed the transaction fees listed in the rate table above. For transactions in which a complex order executes against another complex order, each component of the complex order will be assessed the complex order fees listed in the rate table below.

For executions that occur within the Complex Order Auction (“COA”) against auction responses, the incoming/auctioned order will receive applicable Add rates, and auction responses and unrelated orders will receive applicable Remove rates. Listed rates are per contract. All except RUT.

  Penny Classes Non-Penny Classes
  Add Remove Add Remove
Code Rates Code Rates Code Rates Code Rates
Public Customer ZC ($0.35) ZD $0.47 ZE ($0.75) ZF $0.83
C2 Market-Maker ZM $0.10 ZT $0.48 ZN ($0.68) ZP $0.85
Non-Customer, Non-Market Maker (Professional Customer, Firm, Broker/Dealer, non-C2 Market-Maker, JBO, etc.) ZA $0.20 ZR $0.48 ZB ($0.60) ZS $0.88
Resting complex Trades with resting simple leg book CT FREE CT FREE CT FREE CT FREE
Trades at the Open OC FREE OC FREE OC FREE OC FREE

The following rates apply to all executions in RUT. Listed rates are per contract.

  Code Rates
Public Customer BC $0.15
C2 Market-Maker BM $0.35
Non-Customer, Non-Market Maker (Professional Customer, Firm, Broker/Dealer, non-C2 Market-Maker, JBO, etc.) BN $0.55
Trades on the Open BO FREE

The following rates apply to all executions in DJX. Listed rates are per contract.

  Code Rates
Public Customer DC $0.15
C2 Market-Maker DM $0.35
Non-Customer, Non-Market Maker (Professional Customer, Firm, Broker/Dealer, non-C2 Market-Maker, JBO, etc.) DN $0.55
Trades on the Open DO FREE

The following rates apply to all executions in SPY, AAPL, QQQ, IWM and SLV. Listed rates are per contract.

  Add Remove
Code Rates Code Rates
Public Customer PY ($0.42) SC $0.37
C2 Market-Maker SM1 ($0.20) PR $0.49
C2 Market-Maker, NBBO Joiner or NBBO Setter SL ($0.31) N/A N/A
Non-Customer, Non-Market Maker (Professional Customer, Firm, Broker/Dealer, non-C2 Market-Maker, JBO, etc.) SN ($0.20) PP $0.49
Trades at the Open OO FREE OO FREE
Resting simple trades with resting complex CA FREE CA FREE

Index License Surcharge Fees:

Surcharge Fees apply to all non-Public Customer transactions.

Index Per Contract
Russell 2000 Index (RUT) $0.45
Dow Jones Industrial Average (DJX) $0.10

Linkage Routing Fees:

FC Routed (Customer) - DJX $0.85
FM Routed (Market-Maker) – DJX $1.05
FN Routed (Non-Customer, Non-Market-Maker) – DJX $1.25
FO Routed at the Open - DJX FREE
GC Routed (Customer) - RUT $0.85
GM Routed (Market-Maker) - RUT $1.05
GN Routed (Non-Customer, Non-Market-Maker) - RUT $1.25
GO Routed at the Open - RUT FREE
RC Routed (Customer), Penny $1.19
RM Routed (C2 Market-Maker), Penny $1.20
RR Routed (Non-Customer, Non-Market Maker), Penny $1.20
RD Routed (Customer), Non-Penny $1.55
RN Routed (C2 Market-Maker), Non-Penny $1.60
RO Routed at the Open FREE
RS Routed (Non-Customer, Non-Market Maker), Non-Penny $1.63

The Linkage Routing fee will be waived for orders that are routed to another Exchange if entered on (i) a prior business day or (ii) prior to 8:30 a.m. CST on the same business day.

Fee Codes and Associated Fees:

Download
Fee Code Description Fee/(Rebate)
BC Public Customer 0.15
BM C2 Market Maker 0.35
BN All Non-Customer 0.55
BO Trades at the Open Free
CA Resting Simple Order Trades with Resting Complex Order Free
CT Resting Complex Orders Trades with Resting Simple Order Free
DC Public Customer - DJX 0.15
DM C2 Market Maker - DJX 0.35
DN All Non-Customer - DJX 0.55
DO Trades at the Open - DJX Free
FC Routed (Customer) - DJX 0.85
FM Routed (Market Maker) - DJX 1.05
FN Routed (Non-Customer, Non-Market Maker) - DJX 1.25
FO Routed at the Open - DJX Free
GC Routed (Customer) - RUT 0.85
GM Routed (Market Maker) - RUT 1.05
GN Routed (Non-Customer, Non-Market Maker) - RUT 1.25
GO Routed at the Open - RUT Free
NC Removes Liquidity (Public Customer), Non-Penny 0.85
NM Adds Liquidity (C2 Market Maker), Non-Penny (0.73)
NN Adds Liquidity (Non-Customer, Non-Market Maker), Non-Penny (0.65)
NP Removes Liquidity (Non-Customer, Non-Market Maker), Non-Penny 0.93
NR Removes Liquidity (C2 Market Maker),Non-Penny 0.90
NY Adds Liquidity (Public Customer), Non-Penny (0.80)
OC Complex Trades at the Open Free
OO Simple Trades at the Open Free
PC Removes Liquidity (Public Customer), Penny 0.43
PM Adds Liquidity (C2 Market Maker),Penny (0.41)
PN Adds Liquidity (Non-Customer, Non-Market Maker), Penny (0.36)
PP Removes Liquidity (Non-Customer, Non-Market Maker), Penny 0.49
PR Removes Liquidity (C2 Market Maker),Penny 0.49
PY Adds Liquidity (Public Customer), Penny (0.42)
RC Routed (Customer), Penny 1.19
RD Routed (Customer), Non-Penny 1.55
RM Routed (C2 Market Maker), Penny 1.20
RN Routed (C2 Market Maker), Non-Penny 1.60
RO Routed at the Open Free
RR Routed (Non-Customer, Non-Market Maker), Penny 1.20
RS Routed (Non-Customer, Non-Market Maker), Non-Penny 1.63
SC Removes Liquidity (Public Customer), SPY, AAPL, QQQ, IWM, SLV 0.37
SL Adds Liquidity, NBBO Joiner or NBBO Setter (C2 Market Maker), SPY, AAPL, QQQ, IWM, SLV (0.31)
SM Adds Liquidity (C2 Market Maker), SPY, AAPL, QQQ, IWM, SLV (0.20)
SN Adds Liquidity (Non-Customer, Non-Market Maker), SPY, AAPL, QQQ, IWM, SLV (0.20)
ZA Adds Liquidity Complex (Non-Customer, Non-Market Maker), Penny 0.20
ZB Adds Liquidity Complex (Non-Customer, Non-Market Maker), Non-Penny (0.60)
ZC Adds Liquidity Complex (Public Customer), Penny (0.35)
ZD Removes Liquidity Complex (Public Customer), Penny 0.47
ZE Adds Liquidity Complex (Public Customer), Non-Penny (0.75)
ZF Removes Liquidity Complex (Public Customer), Non-Penny 0.83
ZM Adds Liquidity Complex (C2 Market Maker), Penny 0.10
ZN Adds Liquidity Complex (C2 Market Maker), Non-Penny (0.68)
ZP Removes Liquidity Complex (C2 Market Maker), Non-Penny 0.85
ZR Removes Liquidity Complex (Non-Customer, Non-Market Maker), Penny 0.48
ZS Removes Liquidity Complex (Non-Customer, Non-Market Maker), Non-Penny 0.88
ZT Removes Liquidity Complex (C2 Market Maker), Penny 0.48

Definitions:

  • “ADAV” means average daily added volume calculated as the number of contracts added per day.
    • ADAV is 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.
    • Routed contracts are not included in ADAV calculation.
    • With prior notice to the Exchange, a Trading Permit Holder (“TPH”) may aggregate ADAV with other TPHs that control, are controlled by, or are under common control with such TPH.
  • “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.
  • "Step-Up ADAV" means ADAV in the relevant baseline month subtracted from current ADAV.

Footnotes:

  1. Market Maker Volume Tiers

    Applicable to fee code SM

    Tier Fee/Rebate Per Contract Required Criteria
    Tier 1 ($0.26)
    1. TPH has an ADAV in Market-Maker orders in SPY, AAPL, QQQ, IWM and SLV (i.e., yielding fee codes SM or SL) ≥ 50,000 contracts; or
    2. TPH has a Step-Up ADAV in Market-Maker orders in SPY, AAPL, QQQ, IWM and SLV (i.e., yielding fee codes SM or SL) ≥ 15,000 contracts from March 2021
    Tier 2 ($0.30) TPH has an ADAV in Market-Maker orders in SPY, AAPL, QQQ, IWM and SLV (i.e., yielding fee codes SM or SL) ≥ 130,000 contracts

    Access Fees:

    Type of Permit Cost per Month
    Market-Maker Permit $5,000
    Electronic Access Permit $1,000

    Market-Maker Permit- Entitles the holder to act as a Market-Maker. This permit provides an appointment credit of 1.0 and Trading Permit Holder status.

    Electronic Access Permit- Entitles the holder to access to the Exchange. Holders must be broker-dealers registered with the Exchange and are allowed to submit orders to the Exchange. The EAP provides Trading Permit Holder status.

    Access fees are non-refundable and are assessed through the integrated billing system during the first week of the following month. If a Trading Permit is issued during a calendar month after the first trading day of the month, the access fee for the Trading Permit for that calendar month is prorated based on the remaining trading days in the calendar month. Trading Permits will be renewed automatically for the next month unless the Trading Permit Holder submits written notification to the Membership Services Department by 4 p.m. on the second-to-last business day of the prior month to cancel the Trading Permit effective at or prior to the end of the applicable month. Trading Permit Holders will only be assessed a single monthly fee for each type of Trading Permit it holds. For example, a Trading Permit Holder with two Market-Maker Permits and one Electronic Access Permit would be assessed a total of $6,000 per month ($5,000 for a Market-Maker Permit and $1,000 for an Electronic Access Permit).

    Sponsored User Fees:

    Registration Fee* $2,500 (one-time)

    * This fee is a one-time fee payable by a Trading Permit Holder for the registration of each of its Sponsored Users. The Sponsored User Program is governed by C2 Rule 3.15.

    Sales Value Fee:

    The Sales Value Fee is assessed by C2 to each Trading Permit Holder for sales of securities in the following circumstances: (i) when a sale in option securities occurs with respect to which C2 is obligated to pay a fee to the SEC under Section 31 of the Exchange Act, and (ii) when a sell order in option securities is routed for execution at a market other than on C2, resulting in a covered sale on that market and an obligation of the routing broker providing Routing Services for C2, as described in C2 Rule 636, to pay the related sales fee of that market. To the extent there may be any excess monies collected under this section, C2 may retain those monies to help fund its general operating expenses. The Exchange may reimburse its routing broker for all Section 31-related fees incurred by the routing broker in connection with the Routing Services it provides. The sales transactions to which the Fee applies are sales of options (other than options on a security index). The Sales Value Fee is collected indirectly from Trading Permit Holders through their clearing firms by OCC on behalf of C2 with respect to options sales and options exercises. The amount of the Sales Value Fee is calculated as described below.

    Calculation of Fee for Options Sales and Options Exercises: The Sales Value Fee is equal to (i) the Section 31 fee rate multiplied by (ii) the Trading Permit Holder's aggregate dollar amount of covered sales resulting from options transactions occurring on the Exchange during any computational period.

    Application-Related Fees:

    Organizations* $5,000
    Sole Proprietors* $3,000
    Joint Account* $1,000
    Engage in Customer Business* $3,000
    Associated Person* $500
    Renewal for Organizations $2,500
    Renewal for Sole Proprietors $500
    Exam $500
    Statutory Disqualification $5,000
    Rule 19h-1 Change in Status $1,650
    Fingerprint $60
    Permit Transfer Fee $500
    Responsible Person** $500

    * These fees are not applicable to Cboe Options Trading Permit Holders in connection with obtaining an initial C2 Trading Permit.

    ** This fee will not be assessed for a Responsible Person who is also an Associated Person with the same Trading Permit Holder.

    Regulatory Fees:

    Web CRDSM Fees:

    The following fees will be collected and retained by FINRA via the Web CRDSM registration system for the registration of associated persons of Exchange Trading Permit Holders that are not also FINRA members:

    General Registration Fees:

    $100 FINRA Non-Member Processing Fee*
    $110 FINRA Disclosure Processing Fee** (U-4, U-5, Form BD and amendments)
    $45 FINRA Annual System Processing Fee assessed only during Renewals

    * For all Initial, Transfer, Relicense, and Dual Registration Form U-4 filings. This fee will also be generated upon refiling to Web CRDSM of C2 - only registered individuals.

    ** For all registration, transfer, or termination filings with new or amended disclosure information or that require certification as well as any amendment to disclosure information.

    Fingerprint Processing Fees:

    $44.50 per paper card Initial Submission
    $30.00 per paper card Second Submission
    $44.50 per paper card Third Submission
    $29.50 per electronic initial submission
    $15.00 per electronic second submission
    $29.50 per electronic third submission
    $30.00 per card submitted by Trading Permit Holders on behalf of their associated persons who have had their prints processed through a self-regulatory organization (“SRO”) other than FINRA.

    Continuing Education Fees:

    There shall be a session fee of $55 for each individual who is required to complete the Regulatory Element of the Continuing Education Requirements pursuant to Rule 9.3A.

    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.

    Expedited review - 1) for printed material reviewed, $1,000 per submission, plus $50 for each page reviewed in excess of 5 pages; and 2) for video and audio media reviewed, $1,000 per submission, plus $50 per minute for each minute of tape reviewed in excess of 5 minutes.

    Expedited review will be completed within five business days, not including the date the item is received by the Exchange, unless a shorter or longer period is agreed to by the Exchange. The Exchange may, in its sole discretion, refuse requests for expedited review.

    Options Regulatory Fee:

    $0.0003 per contract*

    * The Options Regulatory Fee is assessed to each Trading Permit Holder for options transactions cleared by the Trading Permit Holder that are cleared by The Options Clearing Corporation (OCC) in the customer range, regardless of the exchange on which the transaction occurs. C2 uses reports from OCC when assessing and collecting the ORF. The fee is collected by OCC on behalf of C2 from the Clearing Participant or non-Clearing Participant that ultimately clears the transaction. With respect to linkage transactions, C2 reimburses its routing broker providing Routing Services pursuant to C2 Options Rule 5.36 for options regulatory fees it incurs in connection with the Routing Services it provides. Pursuant to Cboe Options Rule 7.1 (which applies to C2 Trading Permit Holders), solely for purposes of ORF billing, Trading Permit Holders must provide C2 with a complete list of its OCC clearing numbers and keep such information up to date with C2.

    Qualification Examination Waiver Request Fee:

    $200 per exam waiver request

    This fee is assessed to a Trading Permit Holder for each waiver request of a non-FINRA examination (e.g., Series 57 examination) submitted by the Trading Permit Holder.

    Physical Connectivity Fees:

    Assessed to TPHs and non-TPHs

    Fee Cost per Month
    Physical Port 1 Gbps $2,500 per port
    Physical Port 10 Gbps $7,500 per port
    Physical Port 1 Gbps (Disaster Recovery) $2,000 per port
    Physical Port 10 Gbps (Disaster Recovery) $6,000 per port

    TPHs and non-TPHs connect to C2’s trading system via Physical Ports. All Physical Port fees will be prorated based on the remaining trading days in the calendar month. Physical Ports (other than Disaster Recovery Physical Ports) may be used to connect to Cboe BZX, Cboe BYX, Cboe EDGX, and Cboe EDGA. Disaster Recovery Physical Ports may be used to connect to the Disaster Recovery Systems for Cboe BZX, Cboe BYX, Cboe EDGX, Cboe EDGA, Cboe Options and CFE. TPHs and non-TPHs will only be assessed a single fee for any Physical Port or Disaster Recovery Physical Port that accesses the identified exchanges, respectively. 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.

    Logical Connectivity Fees:

    Service Cost per Month
    Logical Ports (BOE, FIX, Drop) $650 per port
    Bulk BOE Ports 1-5 $1,500 per port
    Bulk BOE Ports >5 $2,500 per port
    Purge ports $750 per port
    GRP Ports $650/primary (A or C Feed)
    Multicast PITCH/Top Spin Server Ports $650/set of primary (A or C feed)

    Logical Ports (BOE and FIX): Each BOE or FIX Logical Port will incur the logical port fee indicated in the table above when used to enter up to 70,000 orders per trading day per logical port as measured on average in a single month. Each incremental usage of up to 70,000 per day per logical port will incur an additional logical port fee of $650 per month. Incremental usage will be determined on a monthly basis based on the average orders per day entered in a single month across all of a market participant’s subscribed BOE and FIX Logical Ports.

    Bulk BOE Ports: Each Bulk BOE Logical Port will incur the logical port fee indicated in the table above when used to enter up to 30,000,000 orders per trading day per logical port as measured on average in a single month. Each incremental usage of up to 30,000,000 orders per day per BOE Bulk Logical Port will incur an additional logical port fee of $2,500 per month. Incremental usage will be determined on a monthly basis based on the average orders per day entered in a single month across all of a market participant’s subscribed BOE Bulk Logical Ports.

    Bulk BOE Ports Discount: A Market-Maker will receive a 30% discount on its monthly Bulk BOE Logical Port fees, excluding incremental usage fees, where the Market-Maker (1) has a Step-Up ADAV equal to or greater than 0.025% of OCV from February 2021 and (2) has a “Make Rate” equal to or greater than 85%. The “Make Rate” shall be derived from a Market-Makers volume the previous month in all symbols using the following formula: (i) the Market-Maker’s total simple add volume divided by (ii) the Market-Maker’s total simple volume. Trades on the open and complex orders will be excluded from the Make Rate calculation. The Exchange will aggregate the trading activity of separate Market-Maker firms for purposes of the discount tier and make rate calculation if there is at least 75% common ownership between the firms as reflected on each firm's Form BD, Schedule A.

    Logical port fees are limited to logical ports within the primary data center. No logical port fees will be assessed for redundant secondary data center ports.

    Multicast PITCH/Top is available through one of two primary feeds, either the A or C feed. All secondary feed Multicast PITCH/Top Spin Server and GRP Ports are provided for redundancy at no additional cost.

    New requests will be prorated for the first month of service. 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. The port fees for BOE, FIX, BOE BULK and Drop ports will be pro-rated.

    Cboe Data Services, LLC Fees:

    I. The fees for the BBO Data Feed are as follows:

    BBO DATA FEED:

    Data Fee (per month) User Fees (per month)
    C2 Options $2,500 $50 per Device or user ID for Display Only Service Users (External users)

    The fees for the BBO Data Feed are payable by all "Customers".

    A “Customer” is any person, company or other entity that, pursuant to a market data agreement with CDS, is entitled to receive data, either directly from CDS or through an authorized redistributor (i.e., a Customer or an extranet service provider), whether that data is distributed externally or used internally.

    An entity or person that receives BBO data from a Customer through a Display Only Service is not a “Customer” unless it has a market data agreement in place with CDS. A “Display Only Service” allows a natural person end-user to view and manipulate data using the Customer’s computerized service, but not to save, copy, export or transfer the data or any results of the manipulation to any other computer hardware, software or media, except for printing it to paper or other non-magnetic media.

    User Fees. User fees are payable only for “external” Display Only Service users (Devices or user IDs of Display Only Service users who receive data from a Customer and are not employees or natural person independent contractors of the Customer, the Customer’s affiliates or an authorized service facilitator). A “Device” means any computer, workstation or other item of equipment, fixed or portable, that receives, accesses and/or displays data in visual, audible or other form.

    II. The fees for the Book Depth Data Feed are as follows:

    BOOK DEPTH DATA FEED:

    Data Fee (per month) User Fees (per month)
    C2 Options $2,500
    Book Depth Data Feed Data Fee is waived for BBO Data Feed Customers
    $50 per Device or user ID for Display Only Service Users (External users)

    The fees for the Book Depth Data Feed are payable by all Customers, as defined in Section 1 above.

    An entity or person that receives Book Depth data from a Customer through a Display Only Service (as defined in Section 1 above) is not a “Customer” unless it has a market data agreement in place with CDS.

    User Fees. User fees are payable only for “external” Display Only Service users, as defined in Section 1 above.

    III. The fees for the Complex Order Book Data Feed are as follows:

    COMPLEX ORDER BOOK ("COB") DATA FEED:

    Data Fee (per month) User Fees (per month)
    C2 Options $1,000
    COB Data Feed Data Fee is waived for C2 Options BBO and Book Depth Data Feed Customers
    $25 per Device or user ID for Professional Users (Internal and External Users)
    $0 - Non-Professional User

    The fees for the COB Data Feed are payable by all “Customers”, as defined in Section 1 above.

    An entity or person that receives the COB Data Feed from a Customer and only uses it internally is not a “Customer” unless it has a market data agreement in place with CDS.

    Non-Professional User. A “Non-Professional User” 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 201(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.

    Professional User. A “Professional User” is any natural person recipient of Data who is not a Non-Professional User.

    User Fees. User fees for Professional Users are payable for both “internal” Professional Users (Devices or user IDs of employees of a Customer) and “external” Professional Users (Devices or user IDs of Professional Users who receive the Data from a Customer and are not employed by the Customer). (Non-Professional Users must be external since a person who uses the Data for a commercial purpose cannot be a Non-Professional User.)

    IV. Systems Fees:

    Port Fee: $1,000/per data source/month

    Port Fee. The port fee is payable by any Customer that receives data through a direct connection to CDS or through a connection to CDS provided by an extranet service provider. The port fee applies to receipt of any C2 Options data feed but is only assessed once per data source.

    Cboe LiveVol, LLC Market Data Fees:

    Open-Close Data:

    End-of-Day Subscription $500 per month
    End-of-Day Ad-hoc Request (historical data) $400 per request per month. An ad-hoc request can be for any number of months beginning with January 2018 for which the data is available. Qualifying Academic Purchasers will be charged $500 per year for the first year. Each additional month purchased thereafter will be prorated based on the $500 per year rate.
    Intraday Subscription $1,000 per month or $12,000 per year
    Intraday Ad-hoc Request (historical data) $500 per request month Qualifying Academic Purchasers will be charged $1,000 per year for the first year. Each additional month purchased thereafter will be prorated based on the $1,000 per year rate. For the months of June and July 2021, a free trial is available for up to 3 months of Intraday Open-Close Historical Data to both TPHs and non-TPHs who have not previously subscribed to Intraday Open-Close Historical Data.

    Fees for End-of-Day and Intraday Open-Close Data are payable by all TPHs and Non-TPHs that subscribe to such data.