Wall Street Letter VOL. XLVI, NO. 1 - January 2014 | Page 16

SUMMARY OF FEE
CH ANGES AT E XCH ANGES

SOURCE: EXCHANGE RULE FILINGS

W E E K C O M M E N C I N G 6 J A N U A RY 2 0 1 4
NAME OF
EXCHANGE

SUMMARY OF
CHANGE

NEW FEE

CHANGED FROM

EFFECTIVE
DATE

C2 Options
Exchange

Amends Options
Regulatory Fee

$0.0017 per contract fee from Jan. 1-31;
$0.0012 per contract fee from Feb. 1

$0 per contract

Dec. 24, 2013

Fee reduction is being made following annual budget review.

Establishes fee for
PULSe-to-PULSe
routing

$50 per month, per receiving trading
permit holder

N/A

Jan. 1

Intended to cover the cost of
developing PULSe-to-PULSe routing
and system upkeep.

Amends complex
order rebates for
Priority Customers

Rebate for Select Symbols (ex-SPY):
$0.33 per contract rebate for Priority
Customer Complex ADV of 0-39,999/
$0.37 per contract rebate for ADV of
40,000-74,999/ $0.39 per contract rebate for ADV of 75,000-124,999/ $0.41
per contract rebate for ADV of 125,000224,999/ $0.43 per contract rebate for
ADV of 225,000-299,999/ $0.44 per
contract rebate for ADV of 300,000+;
Rebate for SPY: $0.36 per contract
rebate for Priority Customer Complex
ADV of 0-39,999/ $0.40 per contract
rebate for ADV of 40,000-74,999/
$0.41 per contract rebate for ADV of
75,000-124,999/ $0.42 per contract
rebate for ADV of 125,000-224,999/
$0.44 per contract rebate for ADV of
225,000-299,999/ $0.45 per contract
rebate for ADV of 300,000+; Rebate for
Non-Select Symbols: $0.66 per contract
rebate for Priority Customer Complex
ADV of 0-39,999/ $0.75 per contract
rebate for ADV of 40,000-74,999/
$0.78 per contract rebate for ADV of
75,000-124,999/ $0.80 per contract
rebate for ADV of 125,000-224,999/
$0.83 per contract rebate for ADV of
225,000-299,999/ $0.84 per contract
rebate for ADV of 300,000+; Rebate
for Priority Customer orders trading
with quotes and orders on the regular
order book (ex-SPY): $0.06 per contract
rebate for Priority Customer Complex
ADV of 0-39,999/ $0.14 per contract
rebate for ADV of 40,000-74,999/
$0.15 per contract rebate for ADV of
75,000-124,999/ $0.19 per contract
rebate for ADV of 125,000-224,999/
$0.21 per contract rebate for ADV of
225,000-299,999/ $0.22 per contract
rebate for ADV of 300,000+; Rebate for
Priority Customer orders that trade with
quotes and orders on the regular order
book in SPY: $0.07 per contract rebate
for Priority Customer Complex ADV of
0-39,999/ $0.15 per contract rebate for
ADV of 40,000-74,999/ $0.16 per contract rebate for ADV of 75,000-124,999/
$0.20 per contract rebate for ADV of
125,000-224,999/ $0.22 per contract
rebate for ADV of 225,000-299,999/
$0.23 per contract rebate for ADV of
300,000+

Rebate for Select Symbols (ex-SPY): $0.33
per contract rebate for Priority Customer
Complex ADV of 0-39,999/ $0.35 per
contract rebate for ADV of 40,000-74,999/
$0.37 per contract rebate for ADV of
75,000-124,999/ $0.39 per contract rebate
for ADV of 125,000-224,999/ $0.40 per
contract rebate for ADV of 225,000299,999/ $0.41 per contract rebate for
ADV of 300,000+; Rebate for SPY: $0.36
per contract rebate for Priority Customer
Complex ADV of 0-39,999/ $0.38 per
contract rebate for ADV of 40,000-74,999/
$0.39 per contract rebate for ADV of
75,000-124,999/ $0.40 per contract rebate
for ADV of 125,000-224,999/ $0.41 per
contract rebate for ADV of 225,000299,999/ $0.42 per contract rebate for
ADV of 300,000+; Rebate for Non-Select
Symbols: $0.66 per contract rebate for Priority Customer Complex A DV of 0-39,999/
$0.72 per contract rebate for ADV of
40,000-74,999/ $0.75 per contract rebate
for ADV of 75,000-124,999/ $0.77 per contract rebate for ADV of 125,000-224,999/
$0.78 per contract rebate for ADV of
225,000-299,999/ $0.79 per contract rebate
for ADV of 300,000+; Rebate for Priority
Customer orders trading with quotes and
orders on the regular order book (ex-SPY):
$0.06 per contract rebate for Priority
Customer Complex ADV of 0-39,999/
$0.12 per contract rebate for ADV of
40,000-74,999/ $0.13 per contract rebate
for ADV of 75,000-124,999/ $0.17 per contract rebate for ADV of 125,000-224,999/
$0.18 per contract rebate for ADV of
225,000-299,999/ $0.19 per contract rebate
for ADV of 300,000+; Rebate for Priority
Customer orders that trade with quotes
and orders on the regular order book in
SPY: $0.07 per contract rebate for Priority
Customer Complex ADV of 0-39,999/
$0.13 per contract rebate for ADV of
40,000-74,999/ $0.14 per contract rebate
for ADV of 75,000-124,999/ $0.18 per contract rebate for ADV of 125,000-224,999/
$0.19 per contract rebate for ADV of
225,000-299,999/ $0.20 per contract rebate
for ADV of 300,000+

Immediately

Fee changes also apply to mini options at 1/10 of the fee.

Amends fees to add
liquidity when trading against Priority
Customers

Fee for Select Symbols (ex-SPY): $0.42
per contract for Market Makers/ $0.44
per contract for non-ISE Market Makers,
Firm Proprietary and Broker-Dealers,
and Professional Customers; Fee for SPY:
$0.43 per contract for Market Makers/
$0.45 per contract for non-ISE Market
Makers, Firm Priority and Broker-Dealers,
and Professional Customers; Fees for
non-Select Symbols: $0.85 per contract
for Market Makers/$0.87 per contract for
non-ISE Market Makers, Firm Proprietary
and Broker-Dealers, and Professional
Customers

Fee for Select Symbols (ex-SPY): $0.39
per contract for Market Makers/ $0.40
per contract for non-ISE Market Makers,
Firm Proprietary and Broker-Dealers,
and Professional Customers; Fee for SPY:
$0.39 per contract for Market Makers/
$0.41 per contract for non-ISE Market
Makers, Firm Priority and Broker-Dealers,
and Professional Customers; Fees for
non-Select Symbols: $0.82 per contract
for Market Makers/$0.84 per contract for
non-ISE Market Makers, Firm Proprietary
and Broker-Dealers, and Professional
Customers

Immediately

Fee changes also apply to mini options at 1/10 of the fee.

International
Securities
Exchange

16

EXPLANATION