Fee Schedule

Cboe Europe: Trading Pricing changes, effective 1st January 2018

December 01, 2017 08:28:49

Dear Cboe Europe Equities Participants,

Cboe would like to inform Participants of the following changes to trading pricing effective 1st January 2018:

* Changes to the BXE Lit order book remove charge for displayed and non-displayed orders

* Removal of the Non-IOC/IOC differentiation on the BXE and CXE dark order books

* Removal of the dedicated pricing for ETFs on the CXE lit order book

* All other rates remain unchanged

All price lists are available in our Document Library.

Please contact your Account Manager if you have any questions at [email protected]. All current and historical Cboe Europe Equities notices are available at http://markets.cboe.com/europe/equities/notices/.

Thank you for your continued support.
Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E: [email protected] | cboe.com >

Bats Europe: Pricing changes, effective 1st January 2018

September 29, 2017 12:15:12

Dear Bats Europe Participants,

Bats Europe (Bats) would like to inform Participants, Data Recipients and subscribers to Connectivity services of fee changes, effective 1st January 2018.

Change summary by fee type:

1. Connectivity services. The revised 2018 Connectivity Price List is available on the Bats Support page and for download at the link below:

http://cdn.batstrading.com/resources/participant_resources/BATSEuro_ConnPricing_Effective.pdf

Key points to note:

* There are no structural changes to the fee types or methodology used for calculation of fees

* Logical port fees for SI quoting and APA reporting remain unchanged from 2017

* Fee changes for physical and logical connectivity

2. Market Data. The revised 2018 Market Data Price List is available on the Bats Subscribe page and for download at the link below:

http://cdn.batstrading.com/resources/participant_resources/BATSEuro_MDPricing_Effective.pdf

All Market Data Contractual and Policy documentation is available on the Bats Market data page: http://www.bats.com/europe/equities/support/market_data/

Key points to note:

* Confirmation that SI pre-trade quote data is not fee liable

* Distribution licence fees, display fees and non-display fees are changing

* A new historic data licence fee type introduced

* A new derived data licence for APA data has been introduced

3. BXTR Trade Reporting Services. The revised 2018 BXTR Data Price List is available on the Bats Support page and for download at the link below:

http://cdn.batstrading.com/resources/participant_resources/BATSEuro_BXTRPricing_Effective.pdf

Key points to note:

* No change to SI, MTF or APA service fees

* A change to the fees levels and methodology for on-exchange single party Exchange Trade Reports (ETRs)

* Changes to daily rates for on-exchange Multiparty ETRs

* A change to the monthly rate for the Third Party Broker Service

4. Bats Indices:

No change to current pricing

https://www.indices.batstrading.co.uk/wp-content/uploads/2015/09/Bats_IndexPriceList-June2017.pdf

Please contact your Account Manager if you have any questions at [email protected]. All current and historical Bats Europe notices are available at http://www.bats.com/europe/equities/notices/.

Thank you for your continued support.

Trade Desk,
Bats Europe, a CBOE company
Phone: +44 20 7012 8901
Email: [email protected]
www.bats.com
* Bats Trading Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.