Retail Price Improvement Message Fields (BYX and EDGX Only)
The Retail Price Improvement message is only available on the BYX and EDGX Exchanges. This message is a Retail Liquidity Indicator (RLI) that includes symbol and side, but not price and size. An RLI will be disseminated when there is a Retail Price Improving (RPI) order present for a symbol on the Exchange order book OR to indicate a RPI order is no longer available. RPI orders offer price improvement in increments of $.001 to Retail Member Organizations.
Cboe will disseminate a Retail Price Improvement message when the resting RPI order is priced better than the NBBO.
| Field Name | Offset | Length | Data Type | Description |
|---|---|---|---|---|
| Timestamp | 0 | 8 | Timestamp | Timestamp |
| Message Type | 8 | 1 | R | Retail Price Improvement message |
| Stock Symbol | 9 | 8 | Printable ASCII | Symbol |
| Retail Price Improvement | 17 | 1 | Alpha |
|