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See the Fee Schedule to the Connectivity Service Agreement brief for a PDF version of this item.

  • Firms are billed on the third business day of each month.
  • Fees are debited on a monthly basis from a firms clearing account at the Options Clearing Corporation
  • Non-clearing members are invoiced

Overview:

Table of Contents

Execution Fee 

Fees are assessed by multiplying notional value by the fee rate for each cleared product-contract resulting from a matched Delta1 instrument transaction.

  • Clearing firms are billed on the third business day of each month.
  • Fees are debited on a monthly basis from the clearing firm's account at the Options Clearing Corporation.
  • Trades matched on the Delta1 Central Limit Order Book (CLOB) are exempt from the fee.

See the Execution Fee brief for a PDF version of this item.

Cost / Trade Side NV: $5/Million (0.0005%)


Regulatory Fee 

The exchange regulatory fee is collected in part to offset costs relating to the supervision and regulation of the futures market.

  • Clearing firms are billed on the third business day of each month.
  • Fees are debited on a monthly basis from the clearing firm's account at the Options Clearing Corporation

See the Regulatory Fee brief for a PDF version of this item.


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titleExecution - Security Futures

Fees are assessed by multiplying the number of contracts per side by the fee rate for each cleared product-contract resulting from a matched Delta1 instrument transaction.

Cost / Contract Side: $0.0021/contract (min. $0.01/side)


 $22.1000/Million

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titleDelivery - Covered Sales from Maturities

Fees are assigned to (sell-side) clearing members based on the notional value of covered sales of equity securities that result from the maturation of a security future.

Cost / Total NV of Sale of Equity Security (Delivery):

Cost / Total NV of Sale of Equity Security (Delivery): $20.7000/Million

Note
titleEffective February 18, 2020:

Daily Carry Fee 

Each day a clearing firm's total long and short notional value across all product-contracts is multiplied by the fee rate to determine the daily carry fee. 

  • Clearing firms are billed on the third business day of each month.
  • Fees are debited on a monthly basis from the clearing firm's account at the Options Clearing Corporation

See the Daily Carry Fee brief for a PDF version of this item.

Cost / Day / Total Position NV: $1.

Cost / Day / Total Position NV: $0.70/Million (0.00007% / 2.52 bps annualized)

Note
titleEffective February 22, 2020:

 $1.40/Million (0.00014% / 5.04 bps annualized)

Delivery Fee 

At this time there is no additional fee for taking a product-contract through delivery. 

See the Delivery Fee brief for a PDF version of this item.

Cost / Delivery NV (Long or Short): $0.00/Million (0.00%)