Cboe U.S. Options Fee Schedules

Effective October 8, 2020

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 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
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 0.40
CP Customer, OEX Weekly, XEO Weekly, Sector Indexes 0.30
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 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
MA Market-Maker, Electronic 0.23
MB Market-Maker, Manual 0.35
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
QC Customer, QCC 0.00
QN Non-Customer, QCC 0.17
RD Customer, Routed to AMEX, BOX, BX, EDGX, MERC, MIAX, PHLX, >=100 contracts, ETF 0.33
RE Customer, Routed to AMEX, BOX, BX, EDGX, MERC, MIAX, PHLX, < 100 contracts ETF, Equity 0.15
RF Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, >= 100 contracts ETF, Penny 0.83
RG Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, >= 100 contracts ETF, Non-Penny 1.18
RH Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, <100 contracts ETF, Equity, Penny 0.65
RI Customer, Routed to ARCA, BZX, C2, ISE, GMNI, EMLD, PERL, NOMX, <100 contracts ETF, Equity, Non-Penny 1.00
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
RX Customer, Routed, XSP, >=10 contracts 0.69
RY Customer, Routed, XSP, <10 contracts 0.65
SC Compression 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
TX Customer, Routed, XSP, >=10 contracts, Originating on Exchange-sponsored terminal 0.04
TY Customer, Routed, XSP, <10 contracts, Originating on Exchange-sponsored terminal Free
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