Become a TPH of Cboe Futures Exchange
Cboe Futures Exchange, LLC (CFE) is a wholly-owned subsidiary of Cboe Global Markets, and the home to futures on the Cboe® Volatility Index (VIX® Index). Firms and/or individuals that desire to have direct access to CFE are required to become a CFE Trading Privilege Holder (TPH) and obtain a TPH permit. Additionally, any firm that desires to become a CFE clearing firm must be a member of The Options Clearing Corporation and is required to become a CFE TPH and obtain a TPH permit.
A more informative description of CFE's TPH program can be found in the following document: Description of Trading Privileges on CFE.
Step 1: Documentation
Complete and sign the appropriate document and send it with any other required documentation to Membership Services.
- Organization Trading Privilege Holder Application (Domestic)
- Organization Trading Privilege Holder Application (Foreign)
- Pooled Investment Vehicle Appendix to Organization Application for Trading on CFE
- Individual Sole Proprietor Trading Privilege Holder Application
Additional required forms and information regarding approved jurisdictions are available in the Document Library.
Membership Services
| Phone: | +1.913.815.7002 |
| Fax: | +1.913.815.7119 |
| Email: | [email protected] |
| Mail: |
Cboe Global Markets, Attn. Membership Services 8050 Marshall Dr, Ste. 120 Lenexa, KS 66214 |
Step 2: Connection
CFE TPHs can connect to CFE directly or via a service provider. To learn about connectivity, view our Connectivity Manual in the Document Library.
CFE supports order entry in both Binary (BOE) and FIX formats. Please see the Document Library for links to the technical specifications.
CFE Trade Desk
| Phone: | +1.312.786.8700 |
| Email: | [email protected] |
Cboe Futures Exchange Rules
The Cboe Futures Exchange Rule Book includes rules, policies and procedures for trading on CFE.
Pricing
Brokers
Unlike security options, CFE futures contracts (other than security futures) cannot be held in a securities account and are required to be held in a futures account. CFE security futures contracts may be held in either a futures account or a securities account. In order to assist those customers that wish to consider a Futures Commission Merchant (FCM), Introducing Broker (IB), or clearing firm in order to trade CFE futures contracts, we have assembled the following list of FCMs, IBs, and clearing firms offering CFE futures products.
It is not an endorsement of the firms listed, and no significance should be attached to a firm's inclusion or omission. CFE has not investigated the background or disciplinary history of any of the firms listed or of any individual broker in connection with providing this list. The selection of an FCM, broker, or clearing firm involves matters of personal preference. In choosing a firm, an investor should ask questions and take into account such factors as the investor individually regards as important.
Any CFE Trading Privilege Holder that is an FCM, IB, or Clearing Member and that would like to be included in this list should contact CFE Business Development at [email protected]
| CFE TPH | FCM | Clearing | IB |
| ABN AMRO Clearing Chicago LLC | X | X | |
| ADM Investor Services, Inc | X | X | |
| Advantage Futures | X | X | |
| Barclays Capital Inc. | X | X | |
| BNP Paribas Securities Corp. | X | X | |
| Capital Futures Corp. | X | ||
| Citigroup Global Markets Inc. | X | X | |
| Credit Suisse Securities (USA) LLC | X | X | |
| Deutsche Bank Securities Inc. | X | X | |
| ED&F Man Capital Markets Inc. | X | X | |
| Fubon Futures Co., Ltd. | X | ||
| G.H. Financials, LLC | X | ||
| Global Execution Brokers, LP | X | ||
| Goldman Sachs & Co. LLC | X | X | |
| Hybrid Trading and Resources, LLC | X | ||
| Interactive Brokers LLC | X | X | |
| INTL FC Stone Financial Inc. | X | X | |
| Israel A. Englander & Co., LLC | X | ||
| JP Morgan Securities LLC | X | X | |
| KGI Futures Co. Ltd. | X | ||
| Lakeshore Securities LP | X | ||
| MNR Executions | X | ||
| Merrill Lynch Pierce Fenner & Smith | X | X | |
| Mizuho Securities USA LLC | X | X | |
| Morgan Stanley & Co. LLC | X | X | |
| Nomura Securities | X | ||
| Phillip Capital Inc. | X | X | |
| President Futures Co. Ltd. | X | ||
| R.J. O'Brien & Associates, LLC | X | X | |
| RBC Capital Markets LLC | X | X | |
| SG Americas Securities LLC | X | X | X |
| SinoPac Futures Corporation | X | ||
| Straits Financial LLC | X | X | |
| TFS Derivatives Corporation | X | ||
| TradeStation Securities Inc. | X | ||
| UBS Securities LLC | X | X | |
| Wedbush Securities, Inc. | X | X | |
| Wells Fargo Securities, LLC | X | X | |
| Wolverine Execution Services, LLC | X | ||
| Yuanta Futures Co., Ltd. | X |
The information on this website is provided solely for general education and information purposes and therefore should not be considered complete, precise, or current. Many of the matters discussed are subject to detailed rules, regulations, and statutory provisions which should be referred to for additional detail and are subject to changes that may not be reflected in the website information. No statement within the website should be construed as a recommendation to buy or sell a security or to provide investment advice. The inclusion of non-Cboe advertisements on the website should not be construed as an endorsement or an indication of the value of any product, service, or website. The Terms and Conditions govern use of this website and use of this website will be deemed acceptance of those Terms and Conditions.