Cboe Exchange Hikes Fees for Complex Order Book Data Effective Now
Published Date: 1/14/2026
Notice
Summary
Cboe Exchange is updating its market data fees starting now! They’re setting new prices for their Complex Order Book data and giving free access to the Auction Feed for some subscribers. Traders and data users should check these changes because they could affect what they pay and when.
Analyzed Economic Effects
4 provisions identified: 1 benefits, 3 costs, 0 mixed.
New Distributor Fees for Complex Feed
If your firm distributes Cboe's Complex Order Book (C1 COB) data, you must pay either $3,000/month (Internal Distributor) or $1,500/month (External Distributor). The Distribution fee waiver that previously applied to distributors of C1 Options Top and/or C1 Options Depth is removed, and monthly fees are prorated for mid-month subscriptions. These changes take effect January 2, 2026.
Professional User Fee Remains $25
Professional Users of the C1 COB Data Feed will continue to be charged $25.00 per month per Device or User ID. This fee remains unchanged and applies to internal and external professional users starting January 2, 2026.
New $1 Non-Professional User Charge
Individual (Non-Professional) users of the C1 COB Data Feed will be charged $1.00 per month per user. The Exchange removed language that previously waived Non-Professional User fees; the $1/month charge starts on January 2, 2026.
Auction Feed Added at No Extra Charge
Subscribers to Cboe Options Top and/or Cboe Options Depth may request access to the Cboe Options Auction Feed at no additional charge as part of those subscriptions. This change is effective January 2, 2026.
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