Cboe U.S. Options Fee Schedules
Effective November 15, 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:
Fee Code | Description | Fee/(Rebate) |
---|---|---|
BA | Broker-Dealer, Away Market-Maker, Manual | 0.25 |
BB | Non-Customer, Non-Market-Maker, Non-Firm, Electronic, Penny | 0.47 |
BC | Non-Customer, Non-Market-Maker, Non-Firm, Electronic, Non-Penny | 0.75 |
BD | Non-Customer, Non-Market-Maker, Non-Firm, AIM Agency | 0.20 |
BE | Non-Customer, Non-Market-Maker, Non-Firm, Sector Indexes | 0.40 |
BK | Non-Customer, Non-Market-Maker, Non-Firm, Electronic, Non-AIM, RUT Family | 0.65 |
BM | Non-Customer, Non-MarketMaker, Non-Firm, MRUT | 0.04 |
BR | Non-Customer, Non-Market-Maker, Non-Firm, OEX, XEO and VIX | 0.40 |
BS | Non-Customer, Non-Market-Maker, Non-Firm, Manual, AIM, RUT Family | 0.25 |
BT | Non-Customer, Non-Market-Maker, Non-Firm, SPX, SPESG | 0.42 |
CA | Customer, Removes liquidity, >=100 contracts, ETF | 0.18 |
CB | Customer, Index | 0.18 |
CC | Customer, XSP, >=10 contracts | 0.07 |
CD | Customer, Removes liquidity, <100 contracts, ETF | Free |
CE | Customer, Adds liquidity, ETF | Free |
CI | Customer, ProCustomer, Combo portion of an index combo order execution, VIX | Free |
CK | Customer, Equity, ETF | Free |
CM | Customer, MXEA | 0.25 |
CN | Customer, MXEF | 0.25 |
CO | Customer, OEX, XEO | 0.35 |
CP | Customer, Sector Indexes | 0.30 |
CQ | Customer, MRUT | 0.02 |
CR | Customer, RUT family | 0.18 |
CS | Customer, Premium <$1.00, SPX, SPESG | 0.36 |
CT | Customer, Premium >=$1.00, SPX, SPESG | 0.45 |
CV | Customer, Premium $0.00-$0.10, VIX, Simple | 0.10 |
CW | Customer, Premium $0.11-$0.99, VIX, Simple | 0.25 |
CX | Customer, Premium $1.00-$1.99, VIX, Simple | 0.40 |
CY | Customer, Premium >=$2.00, VIX, Simple | 0.45 |
CZ | Customer, Premium $0.00-$0.10, VIX, Complex | 0.05 |
DA | Customer, Premium $0.11-$0.99, VIX, Complex | 0.17 |
DB | Customer, Premium $1.00-$1.99, VIX, Complex | 0.30 |
DC | Customer, Premium >=$2.00, VIX, Complex | 0.45 |
EF | Equity Leg - FOG | Free |
EL | Equity Leg - Libucki | Free |
EP | Equity Leg - Penserra | Free |
EQ | Equity Leg - Cowen (capped at $50/execution) | 0.001 |
ES | Equity Leg - SRT | Free |
FA | Firm, Manual | 0.20 |
FB | Firm, Electronic, Penny | 0.43 |
FC | Firm, Electronic, Non-Penny | 0.70 |
FD | Firm, AIM Agency | 0.20 |
FF | Firm Facilitation | Free |
FH | Firm, Underlying Symbol List A | 0.26 |
FI | Firm, Sector Indexes | Free |
FK | Firm, VIX | 0.25 |
FM | Firm, MRUT | 0.02 |
GA | Customer, Market-Maker, Firm, RUT, Flex Micro | 0.009 |
GB | Non-Customer, Non-Market-Maker, Non-Firm, Manual, AIM, RUT, Flex Micro | 0.009 |
GC | Non-Customer, Non-Market-Maker, Non-Firm, Electronic, Non-AIM, RUT, Flex Micro | 0.012 |
GD | Non-Customer, Non-Market-Maker, Non-Firm, SPX, Flex Micro | 0.009 |
GE | Customer, Firm, SPX, Flex Micro | 0.008 |
GF | Market-Maker, SPX, Flex Micro | 0.006 |
GG | Customer, MXEA, MXEF, DJX, Flex Micro | 0.004 |
GH | Market-Maker, MXEA, MXEF, DJX, Flex Micro | 0.005 |
GI | Non-Customer, Non-Market-Maker, MXEA, MXEF, Electronic, Flex Micro | 0.01 |
GJ | Non-Customer, Non-Market-Maker, DJX, Electronic, Flex Micro | 0.007 |
GK | Non-Customer, Non-Market-Maker, MXEA, MXEF, DJX, Manual, AIM Agency, Flex Micro | 0.005 |
GL | Non-Customer, MXEA, MXEF, DJX, AIM Contra, Flex Micro | 0.003 |
GM | Non-Customer, DJX, AIM Response, Flex Micro | 0.007 |
GN | Non-Customer, MXEA, MXEF, AIM Response, Flex Micro | 0.013 |
MA | Market-Maker, Electronic | 0.23 |
MB | Market-Maker, Manual | 0.35 |
MC | Market-Maker, Contra Customer, XSP | 0.15 |
MD | Market-Maker, AIM Responder | 0.25 |
MI | Market-Maker, VIX, Contra Order Quantity >=5000 Contracts, >=3 Legs, Manual | 0.05 |
MM | Market-Maker, MRUT | 0.03 |
MR | Market-Maker, RLG, RLV, RUI, UKXM, OEX, XEO | 0.20 |
MS | Market-Maker, SPX, SPESG | 0.28 |
MT | Market-Maker, RUT only | 0.30 |
MV | Market-Maker, Premium $0.00-$0.10, VIX | 0.05 |
MW | Marker-Maker, Premium >=$0.11, VIX | 0.23 |
MX | Market-Maker, Contra Non-Customer, XSP | 0.09 |
NB | Non-Customer, Non-Market-Maker, AIM Response, Penny | 0.50 |
NC | Non-Customer, Non-Market-Maker, AIM Response, Non-Penny | 1.05 |
NM | Market-Maker, NANOS | 0.01 |
NN | Non-Customer, Non-Market-Maker, NANOS | 0.01 |
NO | Customer, NANOS | Free |
QC | Customer, Professional, QCC | Free |
QN | Non-Customer, Non-Professional, QCC | 0.18 |
RD | Customer, Routed to AMEX, BOX, BX, EDGX, MIAX, PHLX, ETF, Equity (excl SPY to PHLX) | 0.25 |
RF | Customer, Routed to ARCA, BZX, C2, ISE, GMNI, MERC, EMLD, PERL, NOM, MEMX, ETF, Equity, Penny (incl SPY to PHLX) | 0.75 |
RI | Customer, Routed to ARCA, BZX, C2, ISE, GMNI, MERC, EMLD, PERL, NOM, MEMX, ETF, Equity, Non-Penny | 1.25 |
RJ | Non-Customer, Routed, Penny | 1.17 |
RK | Non-Customer, Routed, Non-Penny | 1.45 |
RR | Non-Customer, Routed, RUT | 1.25 |
RS | Customer, Routed, Index | 0.48 |
RV | Reversal Trade | Free |
SC | Compression Trade | Free |
ST | Compression Service Trade | Free |
TD | Customer, Routed to AMEX, BOX, BX, EDGX, MIAX, PHLX, >=100 contracts, ETF, Originating on Exchange-sponsored terminal | 0.18 |
TE | Customer, Routed to AMEX, BOX, BX, EDGX, MIAX, PHLX, < 100 contracts ETF, Equity, Originating on Exchange-sponsored terminal | Free |
TF | Customer, Routed to ARCA, BZX, C2, ISE, GMNI, MERC, EMLD, PERL, NOM, MEMX, >=100 contracts ETF, Penny, Originating on Exchange-sponsored terminal | 0.18 |
TG | Customer, Routed to ARCA, BZX, C2, ISE, GMNI, MERC, EMLD, PERL, NOM, MEMX, >=100 contracts ETF, Non-Penny, Originating on Exchange-sponsored terminal | 0.18 |
TH | Customer, Routed to ARCA, BZX, C2, ISE, GMNI, MERC, EMLD, PERL, NOM, MEMX, <100 contracts ETF, Equity, Penny, Originating on Exchange-sponsored terminal | Free |
TI | Customer, Routed to ARCA, BZX, C2, ISE, GMNI, MERC, EMLD, PERL, NOM, MEMX, <100 contracts ETF, Equity, Non-Penny, Originating on Exchange-sponsored terminal | Free |
TS | Customer, Routed, Index, Originating on Exchange-sponsored terminal | 0.18 |
WA | Professional Customer, Manual | 0.12 |
WR | RLG, RLV, RUI, UKXM | Free |
XB | Non-Customer, Non-Market-Maker, Non-Firm, XSP | 0.17 |
XC | Customer, XSP, <10 contracts | (0.13) |
XF | Firm, XSP | 0.13 |
YB | AIM Contra, Index | 0.07 |
YC | AIM Contra, Equity, ETF | 0.07 |