Effective January 13, 2021, Cboe Options (C1) will introduce a new Floor Broker ADV report.

The Floor Broker ADV report will provide details regarding a firm’s current tier, qualifying and non-qualifying volume levels, permit rebate amounts, and average daily volume.

The report will detail volume that does and does not qualify towards the achieving tiers of the permit rebate. Proprietary volume will include Underlying Symbol List A, XSP, MXEA/MXEF/Sectors, and all other Index products. Multi-List will include everything except that which is included in Proprietary volume.

On the effective date, Trading Permit Holders (TPHs) may sign up to receive the new Floor Broker ADV report via email by contacting the Trade Desk.

Let’s also note that, effective January 25, 2021, additional details will be included in the Clearing TPH Fee Cap section of the Cboe Options (C1) Consolidated Tier Report. This report provides month-to- date figures related to a TPH’s tier satisfaction impacting C1 billing.

On the effective date, the Clearing TPH Fee Cap tab will include the following data.

• Day-by-day breakdown of fee cap qualifying volume;
• Fees incurred by date;
• Strategy rebates by date;
• Fees earned month-to-date.

TPHs may sign up to receive the Consolidated Tier Report via email by contacting the Cboe Trade Desk.