2026-16689NoticeWallet

Cboe Fees Get a Routine Schedule Shuffle

Published Date: 8/17/2026

Notice

Summary

No summary available.

Analyzed Economic Effects

5 provisions identified: 2 benefits, 2 costs, 1 mixed.

New fee for Market-Maker MGTN orders

For MGTN options, Market-Maker orders that add liquidity contra Customer and execute electronically will now be assessed a fee of $0.10 per contract effective August 3, 2026; previously those orders were assessed no fee. This change increases explicit transaction costs for Market-Maker activity in these orders.

Tighter SPX quoting, bigger SPX rebates

Cboe adopted new, generally tighter quoting width standards for the GTH1 and GTH2 SPX/SPXW LMM Incentive Programs and increased the monthly rebate for meeting those standards from $25,000 to $35,000, effective August 3, 2026. An LMM may also earn an additional $15,000 for satisfying Mid Term quoting requirements.

Lower customer fee for MGTN options

If you trade Cboe Magnificent 10 (MGTN) options as a Customer, the per-contract transaction fee that was $0.16 will be lowered to $0.10 per contract effective August 3, 2026. This change directly reduces the explicit fee charged on Customer MGTN option orders by $0.06 per contract.

Easier VIX/VIXW LMM rebate requirement

Cboe reduced the minimum percentage of VIX and VIXW series in which a Lead Market-Maker (LMM) must quote during Global Trading Hours (GTH) to qualify for the monthly rebate from 95% to 90%, effective August 3, 2026. The GTH VIX rebate levels remain stated as $30,000 for VIX and $5,000 for VIXW (or pro-rated if appointment begins or ends mid-month).

Elimination of XSP LMM incentive programs

Cboe removed the RTH XSP LMM Incentive Program and the GTH1 and GTH2 XSP LMM Incentive Programs from its Fees Schedule effective August 3, 2026. Market-Makers previously eligible for those XSP program rebates will no longer be eligible for those specific rebates.

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Key Dates

Effective Date
Published Date
8/3/2026
8/17/2026

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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