Cboe Equities Exchange: Gateway Fee Change [9/1/2020]

DTTW Communications Logo

September 2, 2020

CBOE Fee changed: BATS (BZX) and EDGX

Dear Manager,

Effective Tuesday, September 1, 2020, Cboe has changed their fees on the BATS (BZX) and EDGX gateways. Please find the corrected table as follows:

GatewayLiquidity FlagsDescriptionCurrent Fee
(Over-Dollar)
New Fee
(Over-Dollar)
Current Fee
(Sub-Dollar)
New Fee
(Sub-Dollar)
BATS (BZX)BDisplayed order, adds liquidity to BZX (Tape B)-0.0025-0.0020-0.00009
BATS (BZX)VDisplayed order, adds liquidity to BZX (Tape A)-0.0025-0.0020-0.00009
BATS (BZX)YDisplayed order, adds liquidity to BZX (Tape C)-0.0025-0.0020-0.00009
EDGXBAdds liquidity to EDGX (Tape B)-0.0017No Change-0.00003-0.00009
EDGXVAdds liquidity to EDGX (Tape A)-0.0017No Change-0.00003-0.00009
EDGXYAdds liquidity to EDGX (Tape C)-0.0017No Change-0.00003-0.00009
EDGX3Adds liquidity to EDGX, pre and post market (Tapes A or C)-0.0017No Change-0.00003-0.00009
EDGX4Adds liquidity to EDGX, pre and post market (Tape B)-0.0017No Change-0.00003-0.00009
EDGXZMRetail attested Day or RHO orders that remove liquidity
on arrival (New Liquidity Code)
00
Note: our system will reflect the above new fees starting today, September 2, 2020. A BOP fee adjustment will be made for yesterday’s trading.

EDGA and EDGX Destination Change (07/30)

Please be advised that effective Thursday, July 30, 2020we 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.

Older Fee Change

(03/02/2020)

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

GatewayLiquidity FlagsDescriptionCurrent FeeNew Fee
EDGXNRemoves liquidity from EDGX (Tape C)0.002650.0027
EDGXWRemoves liquidity from EDGX (Tape A)0.002650.0027
EDGX6Removes liquidity from EDGX, pre and post market (All Tapes)0.002650.0027
EDGXBBRemoves liquidity from EDGX (Tape B)0.002650.0027
EDGXZRRetail Order, removes liquidity0.002650.0027
EDGXBYRouted to BYX using Destination Specific (“DIRC”),
ROUC or ROUE routing strategy
-0.0015Unchanged
EDGXIRouted to EDGA using ROUC or ROUE routing strategy-0.0018Unchanged
EDGXKRouted to PSX using ROUC or ROUE routing strategy0.0029Unchanged
EDGXPRRemoves liquidity from EDGX using ROUQ routing strategy0.00265Removed
EDGXRQRouted using ROUQ routing strategy0.0029Removed
EDGXTRouted to a non-exchange destination using ROUD
or ROUE routing strategy
0.0012Removed
EDGABYRouted to BYX using Destination Specific (“DIRC”), ROUC,
ROUE, ROBB or ROCO routing strategy
-0.0015Unchanged
EDGAKRouted to PSX using ROUC or ROUE routing strategy0.0029Unchanged
EDGAQRouted to a non-exchange destination using ROUQ
or ROUC routing strategy
0.002Unchanged
EDGATRouted to a non-exchange destination using ROUD
or ROUE routing strategy
0.0012Removed
EDGAMMNon-Displayed order adds liquidity using Mid-Point Peg0.00080.001

(02/03/2020)

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

GatewayLiquidity FlagsDescriptionCurrent FeeNew Fee
BATSVDisplayed order, adds liquidity to BZX (Tape A)-0.002-0.0025
BATSYDisplayed order, adds liquidity to BZX (Tape C)-0.002-0.0025

(1/2/2020)

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

GatewayLiquidity FlagsDescriptionCurrent FeeNew Fee
BYXMMNon-displayed order, adds liquidity using Mid-Point Peg0.00100.0005

(11/1/2019)

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

GatewayLiquidity FlagsDescriptionCurrent FeeNew Fee
EDGANRemoves liquidity from EDGA (Tape C)-0.0024-0.0018
EDGAWRemoves liquidity from EDGA (Tape A)-0.0024-0.0018
EDGA6Removes liquidity from EDGA, pre and
post market (All Tapes)
-0.0024-0.0018
EDGABBRemoves liquidity from EDGA (Tape B)-0.0024-0.0018
BATSAARouted to EDGA using ALLB routing strategy-0.0024-0.0018
BATSBJRouted to EDGA using TRIM or SLIM routing strategy-0.0024-0.0018
BYXAARouted to EDGA using ALLB routing strategy-0.0024-0.0018
BYXBJRouted to EDGA using Destination Specific, TRIM
or SLIM routing strategy
-0.0024-0.0018
EDGXAARouted to EDGA using ALLB routing strategy-0.0024-0.0018
EDGXIRouted to EDGA using ROUC or ROUE routing strategy-0.0024-0.0018
EDGXIRouted to EDGA using ROUC or ROUE routing strategy (Sub Dollar)30 BP0
EDGXRRRouted to EDGA using DIRC routing strategy-0.0024-0.0018
EDGXRRRouted to EDGA using DIRC routing strategy (Sub Dollar)30 BP0

(7/1/2019)

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

GatewayLiquidity FlagsDescriptionCurrent FeeNew Fee
BATSPRouted to EDGX, adds liquidity-0.002-0.0017
BYXPRouted to EDGX, adds liquidity-0.002-0.0017

Make Money by Opening a Trading Office

With DTTW's Technology, Trading Capital, and Risk-Management system.

Accepted Payment Methods:

Payments accepted from DTTW™

Your ability to open a DTTW trading office or join one of our trading offices is subject to the laws and regulations in force in your jurisdiction. Due to current legal and regulatory requirements, United States citizens or residents are kindly asked to leave this website.

© 2011-2020 Day Trade The World™ All rights reserved.

Day Trade the World™ is a registered trademark of Select Vantage Canada Inc. 

Privacy PolicySitemapFraud Alert.