Access Fees Returned on Execution Reports

The access fee associated with each fill is calculated to 5 decimals and returned on each execution report. Negative numbers indicate liquidity rebates. Users should program their systems to read, validate, and pass along this field in order to avoid making software changes to their systems when the Cboe fee schedule changes. The sum of the access fees received during a month should equal the access fee charged or rebated on a member’s monthly bill, rounded to the nearest penny.