Cboe U.S. Options Fee Schedules

Effective February 1, 2023

Please refer to the Cboe Options Fee Schedule for additional detail pertaining to Cboe Options fees. Please contact the Trade Desk or your Business Development contact for support or with any questions.

Fee Codes and Associated Fees:

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Fee CodeDescriptionFee/(Rebate)
BABroker-Dealer, Away Market-Maker, Manual 0.25
BBNon-Customer, Non-Market-Maker, Non-Firm, Electronic, Penny 0.47
BCNon-Customer, Non-Market-Maker, Non-Firm, Electronic, Non-Penny 0.75
BDNon-Customer, Non-Market-Maker, Non-Firm, AIM Agency 0.20
BENon-Customer, Non-Market-Maker, Non-Firm, Sector Indexes 0.40
BKNon-Customer, Non-Market-Maker, Non-Firm, Electronic, Non-AIM, RUT Family 0.65
BMNon-Customer, Non-MarketMaker, Non-Firm, MRUT 0.04
BRNon-Customer, Non-Market-Maker, Non-Firm, OEX, XEO and VIX 0.40
BSNon-Customer, Non-Market-Maker, Non-Firm, Manual, AIM, RUT Family 0.25
BTNon-Customer, Non-Market-Maker, Non-Firm, SPX, SPESG 0.42
CACustomer, Removes liquidity, >=100 contracts, ETF 0.18
CBCustomer, Index 0.18
CCCustomer, XSP, >=10 contracts 0.04
CDCustomer, Removes liquidity, <100 contracts, ETFFree
CECustomer, Adds liquidity, ETFFree
CICustomer, ProCustomer, Combo portion of an index combo order execution, VIXFree
CKCustomer, Equity, ETFFree
CMCustomer, MXEA 0.25
CNCustomer, MXEF 0.25
COCustomer, OEX, XEO 0.35
CPCustomer, Sector Indexes 0.30
CQCustomer, MRUT 0.02
CRCustomer, RUT family 0.18
CSCustomer, Premium <$1.00, SPX, SPESG 0.36
CTCustomer, Premium >=$1.00, SPX, SPESG 0.45
CVCustomer, Premium $0.00-$0.10, VIX, Simple 0.10
CWCustomer, Premium $0.11-$0.99, VIX, Simple 0.25
CXCustomer, Premium $1.00-$1.99, VIX, Simple 0.40
CYCustomer, Premium >=$2.00, VIX, Simple 0.45
CZCustomer, Premium $0.00-$0.10, VIX, Complex 0.05
DACustomer, Premium $0.11-$0.99, VIX, Complex 0.17
DBCustomer, Premium $1.00-$1.99, VIX, Complex 0.30
DCCustomer, Premium >=$2.00, VIX, Complex 0.45
EFEquity Leg - FOGFree
ELEquity Leg - LibuckiFree
EPEquity Leg - PenserraFree
EQEquity Leg - Cowen (capped at $50/execution) 0.001
ESEquity Leg - SRTFree
FAFirm, Manual 0.20
FBFirm, Electronic, Penny 0.43
FCFirm, Electronic, Non-Penny 0.70
FDFirm, AIM Agency 0.20
FFFirm FacilitationFree
FHFirm, Underlying Symbol List A 0.26
FIFirm, Sector IndexesFree
FKFirm, VIX 0.25
FMFirm, MRUT 0.02
GACustomer, Market-Maker, Firm, RUT, Flex Micro 0.009
GBNon-Customer, Non-Market-Maker, Non-Firm, Manual, AIM, RUT, Flex Micro 0.009
GCNon-Customer, Non-Market-Maker, Non-Firm, Electronic, Non-AIM, RUT, Flex Micro 0.012
GDNon-Customer, Non-Market-Maker, Non-Firm, SPX, Flex Micro 0.009
GECustomer, Firm, SPX, Flex Micro 0.008
GFMarket-Maker, SPX, Flex Micro 0.006
GGCustomer, MXEA, MXEF, DJX, Flex Micro 0.004
GHMarket-Maker, MXEA, MXEF, DJX, Flex Micro 0.005
GINon-Customer, Non-Market-Maker, MXEA, MXEF, Electronic, Flex Micro 0.01
GJNon-Customer, Non-Market-Maker, DJX, Electronic, Flex Micro 0.007
GKNon-Customer, Non-Market-Maker, MXEA, MXEF, DJX, Manual, AIM Agency, Flex Micro 0.005
GLNon-Customer, MXEA, MXEF, DJX, AIM Contra, Flex Micro 0.003
GMNon-Customer, DJX, AIM Response, Flex Micro 0.007
GNNon-Customer, MXEA, MXEF, AIM Response, Flex Micro 0.013
MAMarket-Maker, Electronic 0.23
MBMarket-Maker, Manual 0.35
MIMarket-Maker, VIX, Contra Order Quantity >=5000 Contracts, >=3 Legs, Manual 0.05
MMMarket-Maker, MRUT 0.03
MRMarket-Maker, RLG, RLV, RUI, UKXM, OEX, XEO 0.20
MSMarket-Maker, SPX, SPESG 0.28
MTMarket-Maker, RUT only 0.30
MVMarket-Maker, Premium $0.00-$0.10, VIX 0.05
MWMarker-Maker, Premium >=$0.11, VIX 0.23
MXMarket-Maker, XSP 0.045
NBNon-Customer, Non-Market-Maker, AIM Response, Penny 0.50
NCNon-Customer, Non-Market-Maker, AIM Response, Non-Penny 1.05
NMMarket-Maker, NANOS 0.01
NNNon-Customer, Non-Market-Maker, NANOS 0.01
NOCustomer, NANOSFree
QCCustomer, Professional, QCCFree
QNNon-Customer, Non-Professional, QCC 0.18
RDCustomer, Routed to AMEX, BOX, BX, EDGX, MERC, MIAX, PHLX, ETF, Equity (excl SPY to PHLX) 0.25
RFCustomer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, ETF, Equity, Penny (incl SPY to PHLX) 0.75
RICustomer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, ETF, Equity, Non-Penny 1.25
RJNon-Customer, Routed, Penny 1.17
RKNon-Customer, Routed, Non-Penny 1.45
RRNon-Customer, Routed, RUT 1.25
RSCustomer, Routed, Index 0.48
RVReversal TradeFree
SCCompression TradeFree
STCompression Service TradeFree
TDCustomer, Routed to AMEX, BOX, BX, EDGX, MERC, MIAX, PHLX, 100 contracts, ETF, Originating on Exchange-sponsored terminal 0.18
TECustomer, Routed to AMEX, BOX, BX, EDGX, MERC, MIAX, PHLX, < 100 contracts ETF, Equity, Originating on Exchange-sponsored terminalFree
TFCustomer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, 100 contracts ETF, Penny, Originating on Exchange-sponsored terminal 0.18
TGCustomer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, 100 contracts ETF, Non-Penny, Originating on Exchange-sponsored terminal 0.18
THCustomer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, <100 contracts ETF, Equity, Penny, Originating on Exchange-sponsored terminalFree
TICustomer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, <100 contracts ETF, Equity, Non-Penny, Originating on Exchange-sponsored terminalFree
TSCustomer, Routed, Index, Originating on Exchange-sponsored terminal 0.18
WAProfessional Customer, Manual 0.12
WRRLG, RLV, RUI, UKXM Free
XBNon-Customer, Non-Market-Maker, Non-Firm, XSP 0.08
XCCustomer, XSP, <10 contractsFree
XFFirm, XSP 0.06
YBAIM Contra, Index 0.07
YCAIM Contra, Equity, ETF 0.07