Cboe Futures Exchange, LLC (CFE) has issued a notice to advise CFE Trading Privilege Holders (TPHs) of the extension of the CFE TPH Permit Program, subject to regulatory review.

The term of each CFE trading permit that is issued and outstanding at the end of 2020 will be automatically extended until December 31, 2021, unless the TPH permit holder notifies CFE by 4:00 p.m. CT on Wednesday, December 30, 2020 by sending an e-mail to membershipservices@cboe.com indicating that the TPH would like to have the trading permit expire on December 31, 2020.

No action is required by a TPH permit holder in order to extend the term of the permit for 2021. Although the term of CFE trading permits is being extended through the end of 2021, TPHs will retain the ability to terminate a trading permit prior to that time.

The CFE monthly trading permit fees that will be effective on January 1, 2021 will be the same as the current monthly trading permit fees. The fees for CFE trading permits will continue to be invoiced on a monthly basis at the beginning of the following month. TPHs will also continue to be able to terminate a CFE trading permit at any point during the year and not have to pay fees for the trading permit for subsequent months.

The Exchange notes that it may decide to extend the term of CFE trading permits beyond 2021 or allow these trading permits to expire. The Exchange may also amend or replace the TPH Permit Program with a different permit program at any time.