SIP Fees

The following info displays estimated amounts subscribers can expect to pay to the Securities Information Processors (SIPs) depending on access, usage, and redistribution. LiveVol’s estimates are for information only, and each SIP will determine and amend fees to its discretion. You will receive instructions for contacting the SIP(s), if applicable, at the end of your order. Please contact the SIP(s) to determine fees applicable to you.

You will NOT be charged until all applicable approvals are processed

Platform

		Monthly Estimated Exchange Fees
		Stock			Option	Index
		NYSE (CTA)	AMEX	UTP	OPRA	CSMI
		Tape A	Tape B	Tape C	OPRA	CSMI
Professional Display Usage	Real-Time	$19-$45/Subscriber	$23/Subscriber	$24/Subscriber	$31.50/Subscriber	$ 3.80/Subscriber**
Professional Display Usage	Delayed	-	-	-	-	$ 1.22/Subscriber**
Non-Professional Display Usage	Real-Time	$1/Subscriber	$1/Subscriber	$1/Subscriber	$1.25/Subscriber	$ 3.80/Subscriber**
Non-Professional Display Usage	Delayed	-	-	-	-	$ 1.22/Subscriber**

API

		Monthly Estimated Exchange Fees
		Stock			Option	Index
		NYSE (CTA)	AMEX	UTP	OPRA	CSMI
		Tape A	Tape B	Tape C	OPRA	CSMI
Access	Real-Time	$ 2,000	$ 1,000	$ 500	$ 600	$ 3.80/Subscriber**
Access	Delayed	-	-	$250/yr/firm	-	$ 1.22/Subscriber**
Usage	Display Only - Real-Time	$19-$45/Subscriber	$23/Subscriber	$24/Subscriber	$31.50/Subscriber	-
Usage	Non-Display - Customer/Firm Use	$ 4,000	$ 2,000	$ 3,500	$ 2,000	-
Redistribution	Real-Time	$ 1,000	$ 1,000	$ 1,000	$ 1,500 + $ 0.03/query	$ 1,900/year**
Redistribution	Delayed	-	-	$ 250	$ 650	$ 1,900/year**

Data

Expedited (Intraday) Delivery Products

If your subscription includes Nasdaq-listed securities, it is subject to approval and fees by UTP (https://utpplan.com).

UTP fee schedule can be found on page 2-3 of the UTP Policies: http://www.utpplan.com/DOC/Datapolicies.pdf. If you are interested in Delayed UTP Level 1 Data for internal use, you would be liable for a $250 Annual Admin Fee. If you are interested in Delayed Data for external use, you would pay a $250 Annual Admin Fee plus $250 per month for the Delayed Redistributor Fee.

Internal usage is defined as distribution of UTP Level 1 data internally within the organization (i.e., to employees or authorized agents of the organization and/or within the premises of the Vendor) and External usage is defined as a distribution of UTP Level 1 data externally, to third-party Subscribers.

UTP Plan (for Nasdaq-listed securities): http://www.utpplan.com/support
In order to apply for UTP approval, please complete the following agreements and application forms and contact admin@utpplan.com to begin the process.

Vendor Agreement-UTP Level 1: http://www.utpplan.com/DOC/VendorAgreement.pdf
Data Feed Request: http://www.utpplan.com/datafeed_approval
System Description: http://www.utpplan.com/system_application

UTP will notify Cboe DataShop directly once the approval is received. DataShop Support Team will then enable your subscription and the billing and file deliveries will start the following day.

*For OPRA, the Real-Time Redistribution fee is inclusive of Real-Time Access fee

** CSMI fee increase will be effective 1/1/2021

Non-Display Use refers to accessing, processing or consuming data, whether delivered via direct and/or redistributor data feeds, for a purpose other than in support of the datafeed recipient’s display or further internal or external redistribution. It does not apply to the creation and use of derived data. Examples include, but not limited to: portfolio valuation, operations control programs, investment analysis, order verification, surveillance programs, risk management, compliance, trading (such as in a "black box" or a trading engine that performs automated trading, algorithmic trading or program trading, or generates arbitrage or program trading orders), automated order or quote generation and/or order pegging, and price referencing for algorithmic trading.