Benefits of Membership

Cboe is focused on powering the potential of our Members to achieve their business objectives in a way that benefits all investors. We know there are many venues today's traders can use to execute their trades. At Cboe, our team works diligently to ensure our markets are leaders in execution quality for our Members and that our Members have access to cutting-edge tools and services that better help them manage their risk while executing their trading strategies.

We constantly strive to provide our Members with a world class trading experience, including:

  • Deep Liquid Markets
  • Innovative Tools to Manage Risk
  • Great Technology Backed by Great People
  • World-Class Market Surveillance & Supervision

Experience a better market – become a Cboe Member today.

Become a Member of the Cboe U.S. Equities Exchanges

Become a Member of each exchange (BYX, BZX, EDGA and EDGX) and experience the benefits of trading with Cboe. Qualification and signing details are below.

Your firm must be a registered broker-dealer, registered with a Self-Regulatory Organization (SRO) and connected with a clearing firm.

Step 1: Documentation

Complete and sign the following documents and send them with any other required documentation to Membership Services.

Membership Services

Phone: +1.913.815.7002
Fax: +1.913.815.7119
Email: [email protected]
Cboe, Attn. Membership Services
8050 Marshall Dr, Ste. 120
Lenexa, KS 66214

Step 2: Connection

Firms can connect to Cboe directly or via a service provider. To learn about connectivity to Cboe, view our Connectivity Manual.

Cboe supports order entry in both Binary (BOE) and FIX formats. Please see the Support page for links to the technical specifications for BZX, BYX, EDGA and EDGX.

If you trade via a service bureau (ex. Lava, Sterling, Fidessa, BRASS etc.), please return an executed copy of the Service Bureau Agreement, countersigned by your Service Bureau.

After your connection to Cboe is established, you'll place your first trade to verify the clearing. Then, you're ready to enjoy the low-cost, high-quality trading Cboe provides.

Trade Desk

Phone: +1.913.815.7001
Email: [email protected]


Cboe offers competitive pricing coupled with incentives to drive strong market quality, which means members can take advantage of a solid pool of liquidity at reasonable prices.

Key Differentiators Hidden Price Improvement Retail, Attribution Retail Price Improvement Routing, Low Cost
Pricing Model Traditional “Maker-Taker” model Traditional “Maker-Taker” model “Taker-Maker” model “Taker-Maker” model
Exchange Code Z K Y J
Fee Schedule View View View View

U.S. Equities Exchange Rules

The Cboe Rule Books include rules, policies and procedures for using the Cboe U.S. Equities Exchanges.

BZX & BYX Exchange

EDGX & EDGA Exchange