Cboe BZX Mirrors EDGX, Adds IEX to Fee Schedule
Published Date: 10/13/2026
Notice
Summary
Starting October 1, 2026, Cboe BZX Exchange is updating its fees to include IEX Exchange under fee code RP. This change affects traders using BZX’s options platform and helps keep fees clear and competitive. No new costs are announced, just a tidy update to the fee schedule.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
IEX added to $0.25 routing fee
Starting October 1, 2026, Cboe BZX will append fee code RP to Customer orders it routes to IEX Exchange, Inc., and such routed orders will be charged $0.25 per contract. This is the same $0.25 per contract charge that currently applies to other exchanges in fee code RP.
Uniform fee for penny and non‑penny classes
The Exchange states that all Members' Customer orders in non-penny (and, as applicable, penny) classes routed to IEX will automatically receive fee code RP and be uniformly assessed the $0.25 per contract charge. The rule applies to all Members' applicable Customer orders routed to IEX.
Routing through BZX remains optional
The filing states that routing through the Exchange is optional and market participants can continue to choose where to route applicable Customer orders. Members may direct order flow to other venues if they prefer different pricing.
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