Cboe U.S. Options Fee Schedules

Effective August 5, 2022

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:

Download
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 0.04
CD Customer, Removes liquidity, <100 contracts, ETF Free
CE Customer, Adds liquidity, ETF 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 0.010
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
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, XSP 0.04
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 0.00
QN Non-Customer, Non-Professional, QCC 0.18
RD Customer, Routed to AMEX, BOX, BX, EDGX, MERC, MIAX, PHLX, ETF, Equity (excl SPY to PHLX) 0.25
RF Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, ETF, Equity, Penny (incl SPY to PHLX) 0.75
RI Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, 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, MERC, MIAX, PHLX, 100 contracts, ETF, Originating on Exchange-sponsored terminal 0.18
TE Customer, Routed to AMEX, BOX, BX, EDGX, MERC, MIAX, PHLX, < 100 contracts ETF, Equity, Originating on Exchange-sponsored terminal Free
TF Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, 100 contracts ETF, Penny, Originating on Exchange-sponsored terminal 0.18
TG Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, 100 contracts ETF, Non-Penny, Originating on Exchange-sponsored terminal 0.18
TH Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, <100 contracts ETF, Equity, Penny, Originating on Exchange-sponsored terminal Free
TI Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, <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 0.08
XC Customer, XSP, <10 contracts Free
XF Firm, XSP 0.06
YB AIM Contra, Index 0.07
YC AIM Contra, Equity, ETF 0.07