Benefits of Membership

Cboe is focused on powering the potential of our Trading Permit Holders and Members to achieve their business objectives in a way that benefits all investors. We know there are many venues today's traders can use to execute their trades. At Cboe, our team works diligently to ensure our markets are leaders in execution quality for our Trading Permit Holders and Members and that our Trading Permit Holders and Members have access to cutting-edge tools and services that better help them manage their risk while executing their trading strategies.

We constantly strive to provide our Trading Permit Holders and Members with a world class trading experience, including:

  • Innovative Tools to Manage Risk
  • Great Technology Backed by Great People
  • World-Class Market Surveillance & Supervision
  • Experience a better market - become a Trading Permit Holder or Member today.

Become a TPH or Member of the Cboe U.S. Options Exchanges

Step 1: Documentation

Cboe Options and C2 Options:

Complete and sign the appropriate documents and send them with any other required documentation to Membership Services.

Additional required forms are available in the Document Library.

BZX Options and EDGX Options:

Applicants must be an approved Member of BZX Exchange or EDGX Exchange to trade on BZX Options or EDGX Options, respectively. Visit the Cboe BZX and EDGX Exchanges Membership page for information on how to become a Member.

Complete and sign the appropriate documents and send them with any other required documentation to Membership Services.

Membership Services

[email protected]

+1 913.815.7002

Step 2: Connection

Trading Permit Holders and Members can connect to Cboe directly or via a service provider. To learn about connectivity,view our Connectivity Manuals.

Cboe supports order entry in both Binary (BOE) and FIX formats. Please see Document Library for links to the technical specifications.

If you trade via a Service Bureau, please return an executed copy of the Service Bureau Agreement, countersigned by your Service Bureau.

Service Bureau Agreement

After your connection to Cboe is established, you'll place your first trade to verify the clearing. Then, you're ready to enjoy the benefits Cboe provides.

Pricing

Cboe offers competitive pricing coupled with incentives to drive strong market quality, which means customers can take advantage of a solid pool of liquidity at reasonable prices.

 Cboe Options ExchangeBZX Options ExchangeC2 Options ExchangeEDGX Options Exchange
Allocation ModelPro RataPrice-TimePro RataCustomer Priority/Pro Rata
Exchange CodesViewViewViewView
Fee ScheduleViewViewViewView

U.S. Options Exchange Rules

The Cboe Rule Books include rules, policies and procedures for using the Cboe U.S. Options Exchanges.