Cboe Equities Exchange: Rebate Increase [10/31/2021]

Cboe US BZX Exchange Rebate Increase

Dear Manager,

Effective  Monday, November 1, 2021, the Cboe BZX Exchange will change their fees as follows:

As we remember you, on Friday, October 1, 2021, the Cboe US BZX exchange introduced the highest rebate in the market. They pay a rebate of 0.0032 on over $1symbol transactions for adding liquidity.

We will detail the affected liquidity flags and other fee changes in an upcoming communication. Please ensure your traders are aware of this rebate increase.

P.S. Please be advised that the BZX book is displayed as the “BATS” for the consolidated feed, and as “BAT” for the book feed in the PPro8 level two.

Fee Changes

Effective Wednesday, September 1, 2021, the Cboe US exchanges will change their fees, as follows:

Effective Monday, May 3, 2021, the Cboe US exchanges will make the following fee changes:

Effective Monday, March 1, 2021, the Cboe US exchanges will make the following fee and fee description changes:

January 2021 Update

Effective January 1, 2021, Cboe US will be changing their fee codes and descriptions, as follows:

Older Fee Change

December 2020 Update

Effective Tuesday, December 1, 2020, Cboe US Equities will remove and make description changes on the following liquidity flags:

October 2020 Update

Effective , Thursday, October 1, 2020, Cboe US Equity will change its fees, as follows:

September 2020 Update

EDGA and EDGX Destination Change (07/30)

Please be advised that effective Thursday, July 30, 2020, we will remove destination ROUD, ROUQ and ROUE from gateway EDGA and EDGX in Ppro8 keyboard.

Please remind your trader to send the order to destination ROUZ and ROUT instead.

This change is due to the new routing mechanism from the exchange. The Cboe EDGA Equities (“EDGA”) Exchange and EDGX Equities (“EDGX”) Exchange will replace the Comprehensive Liquidity Check (CLC) routing mechanism used for seeking non-lit liquidity with the Dark Routing Technique (DRT) mechanism in order to harmonize the routing offerings across Cboe Equities Exchanges.

In addition, EDGA and EDGX will consolidate multiple routing strategies with similar execution objectives.  As a result, ROUD and ROUQ strategy will convert to ROUZ strategy, and the ROUE strategy will convert to ROUT strategy.

(03/02/2020)

Effective from, Monday, March 2, 2020, Cboe US is making the following fee changes:

(02/03/2020)

Effective Monday, February 3, 2020, Cboe BATS (BZX) will increase their rebate on the following liquidity flags:

(1/2/2020)

January 2, 2020: BYX will change their gateway fee for symbols priced at $1 and above, as follows:

(11/1/2019)

November 1, 2019: The Cboe Equities Exchanges will change their fees, as follows:

(7/1/2019)

On Monday, July 1, 2019, Cboe BATS (BZX) and BYX are going to change their fee, as follows: