Become a TPH or Member of Cboe Options Exchanges
Cboe is focused on powering the potential of our Trading Permit Holders 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 Trading Permit Holders and that our Trading Permit Holders 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 Trading Permit Holders with a world class trading experience, including:
- Innovative Tools to Manage Risk
- Great Technology Backed by Great People
- World-Class Market Surveillance & Supervision
Experience a better market – become a Trading Permit Holder today.
Step 1: Documentation
Complete and sign the following documents and send them with any other required documentation to Membership Services.
- Cboe Options Exchange Trading Permit Holder Organization Application
- Cboe Options Exchange Trading Permit Holder Individual Nominee Application
- Cboe Options Exchange Trading Permit Holder Individual Sole Proprietor Application
- C2 Trading Permit Holder Application - for non-Cboe TPH Organizations
- C2 Trading Permit Holder Election Form - for Cboe TPH Organizations
Additional required forms are available in the Document Library.
Cboe Global Markets, Attn. Membership Services
433 W. Van Buren Street
Chicago, IL 60607
Step 2: Connection
Firms can connect to the Cboe Options Exchange and the C2 Options Exchange directly or via a service provider. To learn about connectivity to Cboe Options and C2 Options, view our Connectivity Manuals in the Document Library.
Cboe Options and C2 Options support order entry in both Binary (BOE) and FIX formats. Please see the Document Library for links to the technical specifications for Cboe Options and C2 Options.
If you trade via a Service Bureau, please return an executed copy of the Service Bureau Agreement, countersigned by your Service Bureau.
After your connection to Cboe Options and C2 Options is established, you'll place your first trade to verify the clearing. Then, you're ready to enjoy the benefits Cboe Options and C2 Options provide.
The Cboe Options Exchanges offer competitive pricing coupled with incentives to drive strong market quality, which means customers can take advantage of a solid pool of liquidity at reasonable prices.
|Cboe Options Exchange||BZX Options Exchange||C2 Options Exchange||EDGX Options Exchange|
|Allocation Model||Pro Rata||Price-Time||Pro Rata||Customer Priority/Pro Rata|
To view the Cboe CDS Fees Schedule, click here.