1.2
INCA
2020
1
2021-08-03T16:58:09Z
2020
1
30.19
0.01
3.03
47.29
49.67
Cboe BZX Exchange
BATS
54.52
3.31
6.41
53.33
58.59
88.6520
8.7124
-18632.6825
-52.4877
600.9521
3.7804
-9038.4463
-32.9999
Cboe BZX Exchange, Inc. (“Cboe BZX”) provides tiered pricing Instinet pays fees and receives rebates based upon Cboe BZX’s pricing schedule. The pricing schedule provided by Cboe BZX, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.0017 per share for orders it routed to Cboe BZX.
CBOE EDGX Exchange, Inc.
EDGX
15.43
0.46
3.46
15.49
16.10
-0.0504
-0.0050
-5655.8979
-15.9325
1410.7558
8.8747
-6323.0310
-23.0857
Cboe EDGX Exchange, Inc. (“Cboe EDGX”) provides tiered pricing. Instinet pays fees and receives rebates based upon Cboe EDGX’s pricing schedule. The pricing schedule provided by Cboe EDGX, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.0013 per share for orders it routed to Cboe EDGX.
NYSE Arca
ARCX
12.22
0.00
3.73
13.75
11.28
0.0000
0.0000
-7519.8202
-21.1831
8562.5117
53.8648
-4088.9436
-14.9290
NYSE ARCA, Inc. (“ARCA”) provides tiered pricing. Instinet pays fees and receives rebates based upon ARCA’s pricing schedule. The pricing schedule provided by ARCA, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.0010 per share for orders it routed to ARCA.
Nasdaq
XNAS
12.08
94.76
6.77
14.85
9.74
934.1605
91.8060
-21615.9736
-60.8915
-431.4559
-2.7142
-13018.0261
-47.5295
The Nasdaq Stock Market (“NASDAQ”) provides tiered pricing. Instinet pays fees and receives rebates based upon NASDAQ’s pricing schedule. The pricing schedule provided by NASDAQ, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.0019 per share for orders it routed to NASDAQ.
Instinet CBX
ICBX
0.73
0.00
6.25
0.33
0.78
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
Instinet owns and operates the Instinet CBX ATS. Instinet may direct customer orders to the CBX, and Instinet receives a commission from both sides of any transaction occurring in CBX (subject to the fee schedule in effect between Instinet and the relevant subscriber). Additional information regarding the Instinet CBX is available here.
New York Stock Exch
XNYS
0.52
0.46
7.76
0.24
0.34
-5.2949
-0.5204
-20772.9677
-58.5168
-3037.1113
-19.1058
-12430.1865
-45.3833
New York Stock Exchange LLC (“NYSE”) provides tiered pricing. Instinet pays fees and receives rebates based upon NYSE’s pricing schedule. The pricing schedule provided by NYSE, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.0024 per share for orders it routed to NYSE.
Level ATS
LEVL
0.48
0.00
5.31
0.30
0.35
0.0000
0.0000
-400.3200
-1.1277
-114.5400
-0.7205
-135.3300
-0.4941
Instinet is a subscriber to the Level ATS. Instinet pays a flat fee for executions resulting from “firm” orders on the LeveL ATS; provided, however, that where in certain cases Instinet designates a firm order as only eligible to interact with certain other LeveL ATS subscribers, Instinet will not pay an execution fee. For conditional orders submitted to the LeveL ATS, fees are subject to volume-based pricing tiers set by eBX, LLC (the operator of LeveL ATS). Pricing tiers are based on the subscriber's average daily trading volume ("ADV") in the ATS during the prior calendar month, regardless of the order type or functionality used. Instinet has agreed to the following fees for conditional orders: (a) if the ADV is less than 1 million shares, a fee of $0.0015 per share; (b) if the ADV is greater than or equal to 1 million shares, a fee of $0.0010 per share; and (iii) if the ADV is greater than or equal to 3 million shares, a fee of $0.0005 per share.
Virtu MatchIt
KNEM
0.47
0.00
6.72
0.21
0.32
0.0000
0.0000
-106.1920
-0.2991
-25.2060
-0.1586
-55.7460
-0.2035
Instinet is a subscriber to the MatchIt ATS and pays a fee for executions occurring in the MatchIt ATS.
UBS Securities LLC - UBS ATS
UBSA
0.41
0.00
5.98
0.18
0.29
0.0000
0.0000
-413.9820
-1.1662
-92.7400
-0.5834
-213.2030
-0.7784
Instinet is a subscriber to the UBS ATS and pays a fee for executions occurring in the UBS ATS.
Credit Suisse Securities (USA)
CROS
0.36
0.00
5.27
0.16
0.25
0.0000
0.0000
-476.5330
-1.3424
-88.5860
-0.5573
-177.9460
-0.6497
Instinet is a subscriber to the CrossFinder ATS and pays a fee for executions occurring in the CrossFinder ATS.
7.17
0.00
7.66
46.57
45.77
Nasdaq
XNAS
26.50
90.76
7.68
29.74
26.35
193.7607
30.0923
-87721.6901
-62.4022
-4630.5317
-7.7771
-45802.5538
-51.2154
The Nasdaq Stock Market (“NASDAQ”) provides tiered pricing. Instinet pays fees and receives rebates based upon NASDAQ’s pricing schedule. The pricing schedule provided by NASDAQ, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.0019 per share for orders it routed to NASDAQ.
Cboe BZX Exchange
BATS
21.11
4.77
6.16
23.00
21.69
80.7952
12.5480
-57677.8429
-41.0300
12415.8241
20.8527
-19175.8230
-21.4420
Cboe BZX Exchange, Inc. (“Cboe BZX”) provides tiered pricing. Instinet pays fees and receives rebates based upon Cboe BZX’s pricing schedule. The pricing schedule provided by Cboe BZX, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.0017 per share for orders it routed to Cboe BZX.
NYSE Arca
ARCX
18.46
0.00
4.54
19.06
20.19
0.0000
0.0000
-43339.2708
-30.8301
11096.3015
18.6366
-25344.5709
-28.3397
NYSE ARCA, Inc. (“ARCA”) provides tiered pricing. Instinet pays fees and receives rebates based upon ARCA’s pricing schedule. The pricing schedule provided by ARCA, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.0010 per share for orders it routed to ARCA.
CBOE EDGX Exchange, Inc.
EDGX
13.79
1.04
4.12
14.51
14.67
26.0439
4.0448
-35434.0108
-25.2065
9070.0724
15.2335
-18878.8778
-21.1099
Cboe EDGX Exchange, Inc. (“Cboe EDGX”) provides tiered pricing. Instinet pays fees and receives rebates based upon Cboe EDGX’s pricing schedule. The pricing schedule provided by Cboe EDGX, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.0013 per share for orders it routed to Cboe EDGX.
New York Stock Exch
XNYS
5.65
0.89
6.89
4.79
6.32
-26.7036
-4.1472
-69788.0067
-49.6448
-6025.4098
-10.1199
-29349.1028
-32.8175
New York Stock Exchange LLC (“NYSE”) provides tiered pricing. Instinet pays fees and receives rebates based upon NYSE’s pricing schedule. The pricing schedule provided by NYSE, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.0024 per share for orders it routed to NYSE.
Instinet CBX
ICBX
2.12
0.00
6.45
1.69
1.84
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
Instinet owns and operates the Instinet CBX ATS. Instinet may direct customer orders to the CBX, and Instinet receives a commission from both sides of any transaction occurring in CBX (subject to the fee schedule in effect between Instinet and the relevant subscriber). Additional information regarding the Instinet CBX is available here.
Level ATS
LEVL
1.41
0.00
4.93
1.38
0.85
0.0000
0.0000
-1898.2200
-1.3503
-198.7200
-0.3338
-375.5700
-0.4200
Instinet is a subscriber to the Level ATS. Instinet pays a flat fee for executions resulting from “firm” orders on the LeveL ATS; provided, however, that where in certain cases Instinet designates a firm order as only eligible to interact with certain other LeveL ATS subscribers, Instinet will not pay an execution fee. For conditional orders submitted to the LeveL ATS, fees are subject to volume-based pricing tiers set by eBX, LLC (the operator of LeveL ATS). Pricing tiers are based on the subscriber's average daily trading volume ("ADV") in the ATS during the prior calendar month, regardless of the order type or functionality used. Instinet has agreed to the following fees for conditional orders: (a) if the ADV is less than 1 million shares, a fee of $0.0015 per share; (b) if the ADV is greater than or equal to 1 million shares, a fee of $0.0010 per share; and (iii) if the ADV is greater than or equal to 3 million shares, a fee of $0.0005 per share.
Virtu MatchIt
KCGM
1.38
0.00
7.18
0.82
0.98
0.0000
0.0000
-556.4900
-0.3959
-209.9290
-0.3526
-203.8160
-0.2279
Instinet is a subscriber to the MatchIt ATS and pays a fee for executions occurring in the MatchIt ATS.
UBS Securities LLC - UBS ATS
UBSA
1.22
0.00
5.98
0.75
0.90
0.0000
0.0000
-1272.8040
-0.9054
-245.9510
-0.4131
-471.0970
-0.5268
Instinet is a subscriber to the UBS ATS and pays a fee for executions occurring in the UBS ATS.
Credit Suisse Securities (USA)
CROS
1.09
0.00
5.31
0.65
0.83
0.0000
0.0000
-1172.1140
-0.8338
-231.5380
-0.3889
-533.6940
-0.5968
Instinet is a subscriber to the CrossFinder ATS and pays a fee for executions occurring in the CrossFinder ATS.
1.97
0.65
0.37
98.61
0.37
BOX Exchange
XBOX
13.92
11.63
10.20
13.97
8.16
0.0000
0.0000
-2.1500
-10.6965
13.6800
0.0570
0.0000
0.0000
BOX Exchange LLC (“BOX”) provides tiered pricing. Instinet pays fees and receives rebates based upon BOX’s pricing schedule. The pricing schedule provided by BOX, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.00 per contract for orders it routed to BOX.
Nasdaq Options Market
XNDQ
13.41
0.00
14.29
13.54
2.04
0.0000
0.0000
-9.4900
-47.2139
-18462.1400
-76.9689
-0.4800
-0.4593
NASDAQ Options Market (“NOM”) provides tiered pricing. Instinet pays fees and receives rebates based upon NOM’s pricing schedule. The pricing schedule provided by NOM, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.53 per contract for orders it routed to NOM.
Cboe BZX Options Exchange
BATO
11.14
0.00
8.16
11.00
69.39
0.0000
0.0000
-6.1000
-30.3483
-19401.9500
-80.8870
243.3500
232.8708
Cboe BZX Options Exchange (“BZX Options”) provides tiered pricing. Instinet pays fees and receives rebates based upon BZX Options’ pricing schedule. The pricing schedule provided by BZX Options, including the pricing for each tier, is available to the public at here. During January 2020, Instinet paid, on average, a net fee of $0.08 per contract for orders it routed to BZX Options.
NYSE ARCA Options
ARCO
9.88
11.63
4.08
9.91
6.12
0.0000
0.0000
-0.9800
-4.8756
-4020.6700
-16.7622
-101.9500
-97.5598
NYSE ARCA Options (“ARCA Options”) provides tiered pricing. Instinet pays fees and receives rebates based upon ARCA Options’ pricing schedule. The pricing schedule provided by ARCA Options, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.34 per contract for orders it routed to ARCA Options.
Nasdaq GEMX, LLC
GMNI
9.28
0.00
6.12
9.39
0.00
0.0000
0.0000
-19.8000
-98.5075
-17385.0000
-72.4783
0.0000
0.0000
Nasdaq GEMX, LLC (“GEMX”) provides tiered pricing. Instinet pays fees and receives rebates based upon GEMX’s pricing schedule. The pricing schedule provided by GEMX, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.47 per contract for orders it routed to GEMX.
C2 Options Exchange, Inc.
C2OX
8.43
11.63
8.16
8.43
4.08
0.0000
0.0000
-5.6600
-28.1592
-13694.8700
-57.0941
-16.7700
-16.0478
Instinet pays fees and receives rebates based upon Cboe C2 Options Exchange’s (“C2”) pricing schedule. During January 2020, Instinet paid, on average, a net fee of $0.45 per contract for orders it routed to C2.
MIAX Pearl, LLC
MPRL
6.20
0.00
8.16
6.24
4.08
0.0000
0.0000
-4.9400
-24.5771
-7248.0600
-30.2172
-85.5000
-81.8182
MIAX PEARL, LLC (“Pearl”) provides tiered pricing. Instinet pays fees and receives rebates based upon Pearl’s pricing schedule. The pricing schedule provided by Pearl, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.51 per contract for orders it routed to Pearl. Separately, in accordance with Pearl’s market maker preferencing program, Instinet has preferenced a market maker on Pearl. Instinet receives payments from the preferenced market maker in connection with transactions effected by Instinet on Pearl. Such payments are provided by the relevant market maker, and not by the Exchange.
MIAX Emerald, LLC.
EMLD
5.50
0.00
8.16
5.52
6.12
0.0000
0.0000
12.1800
60.5970
-5018.7700
-20.9233
10.2500
9.8086
MIAX Emerald, LLC (“Emerald”) provides tiered pricing. Instinet pays fees and receives rebates based upon Emerald’s pricing schedule. The pricing schedule provided by Emerald, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.40 per contract for orders it routed to Emerald. Separately, in accordance with Emerald’s market maker preferencing program, Instinet has preferenced a market maker on Emerald. Instinet receives payments from the preferenced market maker in connection with transactions effected by Instinet on Emerald. Such payments are provided by the relevant market maker, and not by the Exchange.
CBOE Exchange
XCBO
4.33
11.63
6.12
4.30
0.00
-0.1250
-1.4205
-6.7725
-33.6940
-5762.1025
-24.0223
0.0000
0.0000
Cboe Exchange, Inc. (“Cboe”) provides tiered pricing. Instinet pays fees and receives rebates based upon Cboe’s pricing schedule. The pricing schedule provided by Cboe, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.25 per contract for orders it routed to Cboe. Separately, in accordance with Cboe’s market maker preferencing program, Instinet has preferenced a market maker on Cboe. Instinet receives payments from the preferenced market maker in connection with transactions effected by Instinet on Cboe. Such payments are provided by the relevant market maker, and not by the Exchange.
Nasdaq ISE
XISX
3.41
11.63
4.08
3.37
0.00
8.5000
96.5909
0.0000
0.0000
-3369.0000
-14.0454
0.0000
0.0000
Nasdaq ISE, LLC (“ISE”) provides tiered pricing. Instinet pays fees and receives rebates based upon ISE’s pricing schedule. The pricing schedule provided by ISE, including the pricing for each tier, is available to the public here. During January 2020, Instinet paid, on average, a net fee of $0.50 per contract for orders it routed to ISE. Separately, in accordance with ISE’s market maker preferencing program, Instinet has preferenced a market maker on ISE. Instinet receives payments from the preferenced market maker in connection with transactions effected by Instinet on ISE. Such payments are provided by the relevant market maker, and not by the Exchange.
2020
2
37.90
0.01
3.39
50.13
46.47
Cboe BZX Exchange
BATS
67.17
2.83
7.40
72.57
65.71
112.5424
14.3787
-19064.7235
-51.6409
620.9384
3.2722
-6589.9171
-26.9419
Cboe BZX Exchange, Inc. (“Cboe BZX”) provides tiered pricing. Instinet pays fees and receives rebates based upon Cboe BZX’s pricing schedule. The pricing schedule provided by Cboe BZX, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.0017 per share for orders it routed to Cboe BZX.
Nasdaq
XNAS
10.66
95.95
8.03
12.81
8.51
778.2319
99.4289
-23946.3748
-64.8639
-571.5885
-3.0122
-7245.3176
-29.6214
The Nasdaq Stock Market (“NASDAQ”) provides tiered pricing. Instinet pays fees and receives rebates based upon NASDAQ’s pricing schedule. The pricing schedule provided by NASDAQ, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.0018 per share for orders it routed to NASDAQ.
NYSE Arca
ARCX
7.80
0.00
4.06
6.64
9.32
0.0000
0.0000
-8771.2984
-23.7590
6947.8494
36.6141
-4010.4624
-16.3962
NYSE ARCA, Inc. (“ARCA”) provides tiered pricing. Instinet pays fees and receives rebates based upon ARCA’s pricing schedule. The pricing schedule provided by ARCA, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.0012 per share for orders it routed to ARCA.
New York Stock Exch
XNYS
5.83
0.20
7.35
4.70
6.95
-0.6767
-0.0865
-22042.8476
-59.7078
-3084.2326
-16.2534
-8039.7878
-32.8695
New York Stock Exchange LLC (“NYSE”) provides tiered pricing. Instinet pays fees and receives rebates based upon NYSE’s pricing schedule. The pricing schedule provided by NYSE, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.0021 per share for orders it routed to NYSE.
CBOE EDGX Exchange, Inc.
EDGX
2.79
0.10
3.98
0.91
4.74
-0.2597
-0.0332
-4919.2885
-13.3250
336.9391
1.7756
-2923.9172
-11.9540
Cboe EDGX Exchange, Inc. (“Cboe EDGX”) provides tiered pricing. Instinet pays fees and receives rebates based upon Cboe EDGX’s pricing schedule. The pricing schedule provided by Cboe EDGX, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.0015 per share for orders it routed to Cboe EDGX.
Instinet CBX
ICBX
0.71
0.00
5.20
0.33
0.80
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
Instinet owns and operates the Instinet CBX ATS. Instinet may direct customer orders to the CBX, and Instinet receives a commission from both sides of any transaction occurring in CBX (subject to the fee schedule in effect between Instinet and the relevant subscriber). Additional information regarding the Instinet CBX is available here.
Level ATS
LEVL
0.52
0.00
4.87
0.33
0.39
0.0000
0.0000
-463.0482
-1.2543
-101.8866
-0.5369
-109.6044
-0.4481
Instinet is a subscriber to the Level ATS. Instinet pays a flat fee for executions resulting from “firm” orders on the LeveL ATS; provided, however, that where in certain cases Instinet designates a firm order as only eligible to interact with certain other LeveL ATS subscribers, Instinet will not pay an execution fee. For conditional orders submitted to the LeveL ATS, fees are subject to volume-based pricing tiers set by eBX, LLC (the operator of LeveL ATS). Pricing tiers are based on the subscriber's average daily trading volume ("ADV") in the ATS during the prior calendar month, regardless of the order type or functionality used. Instinet has agreed to the following fees for conditional orders: (a) if the ADV is less than 1 million shares, a fee of $0.0015 per share; (b) if the ADV is greater than or equal to 1 million shares, a fee of $0.0010 per share; and (iii) if the ADV is greater than or equal to 3 million shares, a fee of $0.0005 per share.
Virtu MatchIt
KCGM
0.43
0.00
5.40
0.18
0.34
0.0000
0.0000
-64.1170
-0.1737
-42.1400
-0.2221
-16.4960
-0.0674
Instinet is a subscriber to the MatchIt ATS and pays a fee for executions occurring in the MatchIt ATS.
Citadel Connect
CDED
0.34
0.00
4.69
0.11
0.27
0.0000
0.0000
219.8526
0.5955
36.7752
0.1938
87.4038
0.3573
Instinet receives payments from Citadel Securities, LLC (“Citadel”) for directing market and marketable limit orders to Citadel Connect. During January 2020, Instinet received, on average, a net rebate of $0.0003 per share for orders it routed to Citadel.
UBS Securities LLC - UBS ATS
UBSA
0.33
0.00
4.32
0.13
0.25
0.0000
0.0000
-433.7450
-1.1749
-93.4610
-0.4925
-271.9380
-1.1118
Instinet is a subscriber to the UBS ATS and pays a fee for executions occurring in the UBS ATS.
7.92
0.01
6.25
42.98
50.76
Cboe BZX Exchange
BATS
26.84
3.49
6.88
31.43
25.43
164.4834
14.6179
-60383.4986
-41.1824
-487.4962
-0.6251
-18182.9814
-15.5752
Cboe BZX Exchange, Inc. (“Cboe BZX”) provides tiered pricing. Instinet pays fees and receives rebates based upon Cboe BZX’s pricing schedule. The pricing schedule provided by Cboe BZX, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.0017 per share for orders it routed to Cboe BZX.
Nasdaq
XNAS
19.09
94.32
8.46
17.95
21.35
711.7249
63.2520
-92122.1828
-62.8286
-13009.3187
-16.6803
-50144.1615
-42.9525
The Nasdaq Stock Market (“NASDAQ”) provides tiered pricing. Instinet pays fees and receives rebates based upon NASDAQ’s pricing schedule. The pricing schedule provided by NASDAQ, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.0018 per share for orders it routed to NASDAQ.
NYSE Arca
ARCX
16.11
0.06
5.55
17.55
16.19
0.0000
0.0000
-60900.7717
-41.5352
3269.8792
4.1926
-38995.5893
-33.4029
NYSE ARCA, Inc. (“ARCA”) provides tiered pricing. Instinet pays fees and receives rebates based upon ARCA’s pricing schedule. The pricing schedule provided by ARCA, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.0012 per share for orders it routed to ARCA.
New York Stock Exch
XNYS
12.06
0.51
7.74
13.44
11.43
-10.3596
-0.9207
-77430.8028
-52.8089
-10052.8267
-12.8895
-30319.7810
-25.9714
New York Stock Exchange LLC (“NYSE”) provides tiered pricing. Instinet pays fees and receives rebates based upon NYSE’s pricing schedule. The pricing schedule provided by NYSE, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.0021 per share for orders it routed to NYSE.
CBOE EDGX Exchange, Inc.
EDGX
11.00
0.11
4.36
9.29
13.26
-0.0345
-0.0031
-30266.6190
-20.6423
909.1273
1.1657
-21481.6329
-18.4008
Cboe EDGX Exchange, Inc. (“Cboe EDGX”) provides tiered pricing. Instinet pays fees and receives rebates based upon Cboe EDGX’s pricing schedule. The pricing schedule provided by Cboe EDGX, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.0015 per share for orders it routed to Cboe EDGX.
Instinet CBX
ICBX
3.18
0.00
6.42
2.24
3.58
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
Instinet owns and operates the Instinet CBX ATS. Instinet may direct customer orders to the CBX, and Instinet receives a commission from both sides of any transaction occurring in CBX (subject to the fee schedule in effect between Instinet and the relevant subscriber). Additional information regarding the Instinet CBX is available here.
Level ATS
LEVL
1.63
0.00
5.50
1.88
0.94
0.0000
0.0000
-1887.0882
-1.2870
-436.4952
-0.5597
-389.2866
-0.3335
Instinet is a subscriber to the Level ATS. Instinet pays a flat fee for executions resulting from “firm” orders on the LeveL ATS; provided, however, that where in certain cases Instinet designates a firm order as only eligible to interact with certain other LeveL ATS subscribers, Instinet will not pay an execution fee. For conditional orders submitted to the LeveL ATS, fees are subject to volume-based pricing tiers set by eBX, LLC (the operator of LeveL ATS). Pricing tiers are based on the subscriber's average daily trading volume ("ADV") in the ATS during the prior calendar month, regardless of the order type or functionality used. Instinet has agreed to the following fees for conditional orders: (a) if the ADV is less than 1 million shares, a fee of $0.0015 per share; (b) if the ADV is greater than or equal to 1 million shares, a fee of $0.0010 per share; and (iii) if the ADV is greater than or equal to 3 million shares, a fee of $0.0005 per share.
Virtu MatchIt
KCGM
1.22
0.00
6.04
0.82
0.96
0.0000
0.0000
-223.4190
-0.1524
-97.2390
-0.1247
-64.6500
-0.0554
Instinet is a subscriber to the MatchIt ATS and pays a fee for executions occurring in the MatchIt ATS.
UBS Securities LLC - UBS ATS
UBSA
1.02
0.00
4.82
0.67
0.84
0.0000
0.0000
-1093.1100
-0.7455
-304.8590
-0.3909
-517.7950
-0.4435
Instinet is a subscriber to the UBS ATS and pays a fee for executions occurring in the UBS ATS.
Credit Suisse Securities (USA)
CROS
0.99
0.00
4.50
0.64
0.86
0.0000
0.0000
-969.9360
-0.6615
-312.0000
-0.4000
-832.5890
-0.7132
Instinet is a subscriber to the CrossFinder ATS and pays a fee for executions occurring in the CrossFinder ATS.
1.53
0.69
0.00
97.90
1.41
BOX Exchange
XBOX
22.86
11.76
0.00
23.19
5.71
0.0000
0.0000
0.0000
0.0000
-302.6100
-3.9766
0.0000
0.0000
BOX Exchange LLC (“BOX”) provides tiered pricing. Instinet pays fees and receives rebates based upon BOX’s pricing schedule. The pricing schedule provided by BOX, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.21 per contract for orders it routed to BOX.
Nasdaq Options Market
XNDQ
11.71
0.00
0.00
11.96
0.00
0.0000
0.0000
0.0000
0.0000
-4997.7100
-65.6755
0.0000
0.0000
NASDAQ Options Market (“NOM”) provides tiered pricing. Instinet pays fees and receives rebates based upon NOM’s pricing schedule. The pricing schedule provided by NOM, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.55 per contract for orders it routed to NOM.
Cboe BZX Options Exchange
BATO
10.24
0.00
0.00
9.45
70.00
0.0000
0.0000
0.0000
0.0000
-6812.8500
-89.5285
155.4500
191.2054
Cboe BZX Options Exchange (“BZX Options”) provides tiered pricing. Instinet pays fees and receives rebates based upon BZX Options’ pricing schedule. The pricing schedule provided by BZX Options, including the pricing for each tier, is available to the public at here. During February 2020, Instinet received, on average, a net rebate of $0.21 per contract for orders it routed to BZX Options.
NYSE ARCA Options
ARCO
8.19
11.76
0.00
8.15
8.57
0.0000
0.0000
0.0000
0.0000
-2005.2400
-26.3511
0.0000
0.0000
NYSE ARCA Options (“ARCA Options”) provides tiered pricing. Instinet pays fees and receives rebates based upon ARCA Options’ pricing schedule. The pricing schedule provided by ARCA Options, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.47 per contract for orders it routed to ARCA Options.
Nasdaq GEMX, LLC
GMNI
6.79
0.00
0.00
6.94
0.00
0.0000
0.0000
0.0000
0.0000
-5631.6900
-74.0067
0.0000
0.0000
Nasdaq GEMX, LLC (“GEMX”) provides tiered pricing. Instinet pays fees and receives rebates based upon GEMX’s pricing schedule. The pricing schedule provided by GEMX, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.54 per contract for orders it routed to GEMX.
C2 Options Exchange, Inc.
C2OX
6.37
11.76
0.00
6.36
4.29
0.0000
0.0000
0.0000
0.0000
-3635.0900
-47.7692
-126.4200
-155.4982
Instinet pays fees and receives rebates based upon Cboe C2 Options Exchange’s (“C2”) pricing schedule. During February 2020, Instinet paid, on average, a net fee of $0.47 per contract for orders it routed to C2.
MIAX Pearl, LLC
MPRL
5.46
0.00
0.00
5.56
1.43
0.0000
0.0000
0.0000
0.0000
-3041.8900
-39.9738
0.0000
0.0000
MIAX PEARL, LLC (“Pearl”) provides tiered pricing. Instinet pays fees and receives rebates based upon Pearl’s pricing schedule. The pricing schedule provided by Pearl, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.52 per contract for orders it routed to Pearl. Separately, in accordance with Pearl’s market maker preferencing program, Instinet has preferenced a market maker on Pearl. Instinet receives payments from the preferenced market maker in connection with transactions effected by Instinet on Pearl. Such payments are provided by the relevant market maker, and not by the Exchange.
Nasdaq ISE
XISX
4.96
11.76
0.00
4.96
1.43
0.0000
0.0000
0.0000
0.0000
-1297.7700
-17.0542
-10.2500
-12.6076
Nasdaq ISE, LLC (“ISE”) provides tiered pricing. Instinet pays fees and receives rebates based upon ISE’s pricing schedule. The pricing schedule provided by ISE, including the pricing for each tier, is available to the public here. During February 2020, Instinet Instinet paid, on average, a net fee of $0.52 per contract for orders it routed to ISE. Separately, in accordance with ISE’s market maker preferencing program, Instinet has preferenced a market maker on ISE. Instinet receives payments from the preferenced market maker in connection with transactions effected by Instinet on ISE. Such payments are provided by the relevant market maker, and not by the Exchange.
CBOE Exchange
XCBO
4.60
11.76
0.00
4.51
7.14
0.0000
0.0000
0.0000
0.0000
-2873.0275
-37.7548
-0.5925
-0.7288
Cboe Exchange, Inc. (“Cboe”) provides tiered pricing. Instinet pays fees and receives rebates based upon Cboe’s pricing schedule. The pricing schedule provided by Cboe, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.53 per contract for orders it routed to Cboe. Separately, in accordance with Cboe’s market maker preferencing program, Instinet has preferenced a market maker on Cboe. Instinet receives payments from the preferenced market maker in connection with transactions effected by Instinet on Cboe. Such payments are provided by the relevant market maker, and not by the Exchange. Separately, in accordance with Cboe’s market maker preferencing program, Instinet has preferenced a market maker on Cboe. Instinet receives payments from the preferenced market maker in connection with transactions effected by Instinet on Cboe. Such payments are provided by the relevant market maker, and not by the Exchange.
MIAX Emerald, LLC.
EMLD
3.73
0.00
0.00
3.79
1.43
0.0000
0.0000
0.0000
0.0000
-1092.7000
-14.3593
18.7000
23.0012
MIAX Emerald, LLC (“Emerald”) provides tiered pricing. Instinet pays fees and receives rebates based upon Emerald’s pricing schedule. The pricing schedule provided by Emerald, including the pricing for each tier, is available to the public here. During February 2020, Instinet paid, on average, a net fee of $0.40 per contract for orders it routed to Emerald. Separately, in accordance with Emerald’s market maker preferencing program, Instinet has preferenced a market maker on Emerald. Instinet receives payments from the preferenced market maker in connection with transactions effected by Instinet on Emerald. Such payments are provided by the relevant market maker, and not by the Exchange.
2020
3
8.00
0.05
22.66
51.21
26.08
Nasdaq
XNAS
28.52
87.85
6.27
42.23
20.84
2222.0329
99.9328
-53136.5767
-57.4520
2084.1489
4.5760
-250.6604
-0.6449
The Nasdaq Stock Market (“NASDAQ”) provides tiered pricing. Instinet pays fees and receives rebates based upon NASDAQ’s pricing schedule. The pricing schedule provided by NASDAQ, including the pricing for each tier, is available to the public here. During March 2020, Instinet paid, on average, a net fee of $0.0015 per share for orders it routed to NASDAQ.
Cboe BZX Exchange
BATS
22.69
4.69
5.86
24.72
33.38
437.7840
19.6887
-40498.2345
-43.7873
-364.1798
-0.7996
-6309.8169
-16.2342
Cboe BZX Exchange, Inc. (“Cboe BZX”) provides tiered pricing. Instinet pays fees and receives rebates based upon Cboe BZX’s pricing schedule. The pricing schedule provided by Cboe BZX, including the pricing for each tier, is available to the public here. During March 2020, Instinet paid, on average, a net fee of $0.0013 per share for orders it routed to Cboe BZX.
CBOE EDGX Exchange, Inc.
EDGX
4.09
2.29
2.46
2.84
7.97
19.3431
0.8699
-9896.8521
-10.7006
348.5325
0.7652
-838.1724
-2.1565
Cboe EDGX Exchange, Inc. (“Cboe EDGX”) provides tiered pricing. Instinet pays fees and receives rebates based upon Cboe EDGX’s pricing schedule. The pricing schedule provided by Cboe EDGX, including the pricing for each tier, is available to the public here. During March 2020, Instinet paid, on average, a net fee of $0.0011 per share for orders it routed to Cboe EDGX.
NYSE Arca
ARCX
4.02
0.08
3.35
4.02
4.62
-3.0000
-0.1349
-21420.8092
-23.1605
6042.2457
13.2664
-899.8988
-2.3153
NYSE ARCA, Inc. (“ARCA”) provides tiered pricing. Instinet pays fees and receives rebates based upon ARCA’s pricing schedule. The pricing schedule provided by ARCA, including the pricing for each tier, is available to the public here. During March 2020, Instinet paid, on average, a net fee of $0.0012 per share for orders it routed to ARCA.
New York Stock Exch
XNYS
3.41
3.55
6.11
2.37
3.10
-5.9393
-0.2671
-55994.4352
-60.5420
-4518.8398
-9.9216
-8025.4425
-20.6482
New York Stock Exchange LLC (“NYSE”) provides tiered pricing. Instinet pays fees and receives rebates based upon NYSE’s pricing schedule. The pricing schedule provided by NYSE, including the pricing for each tier, is available to the public here. During March 2020, Instinet paid, on average, a net fee of $0.0018 per share for orders it routed to NYSE.
Cboe EDGA Exchange, Inc.
EDGA
3.04
0.00
6.12
2.03
2.36
0.0000
0.0000
5830.2680
6.3038
1200.6982
2.6363
1272.8344
3.2748
Cboe EDGA Exchange, Inc. (“Cboe EDGA”) provides tiered pricing. Instinet pays fees and receives rebates based upon Cboe EDGA’s pricing schedule. The pricing schedule provided by Cboe EDGA, including the pricing for each tier, is available to the public here. During March 2020, Instinet received, on average, a net rebate of $0.0018 per share for orders it routed to Cboe EDGA.
Nasdaq BX
XBOS
3.00
0.04
5.84
2.08
2.35
-0.1710
-0.0077
2175.3041
2.3520
-786.6714
-1.7272
-341.7186
-0.8792
Nasdaq BX, Inc. (“Nasdaq BX”) provides tiered pricing. Instinet pays fees and receives rebates based upon Nasdaq BX’s pricing schedule. The pricing schedule provided by Nasdaq BX, including the pricing for each tier, is available to the public here. During March 2020, Instinet received, on average, a net rebate of $0.0001 per share for orders it routed to Nasdaq BX.
UBS Securities LLC - UBS ATS
UBSA
2.83
0.00
5.11
2.06
2.39
0.0000
0.0000
-1828.9430
-1.9775
-695.8390
-1.5278
-445.5910
-1.1464
Instinet is a subscriber to the UBS ATS and pays a fee for executions occurring in the UBS ATS.
Credit Suisse Securities (USA)
CROS
2.76
0.00
4.98
2.02
2.27
0.0000
0.0000
-2361.5070
-2.5533
-681.5740
-1.4965
-285.4990
-0.7345
Instinet is a subscriber to the CrossFinder ATS and pays a fee for executions occurring in the CrossFinder ATS.
Cboe BYX Exchange, Inc.
BATY
2.65
0.04
4.99
1.86
2.16
0.0000
0.0000
2669.5607
2.8864
-794.5689
-1.7446
-338.4989
-0.8709
Cboe BYX Exchange, Inc. (“Cboe BYX”) provides tiered pricing. Instinet pays fees and receives rebates based upon Cboe BYX’s pricing schedule. The pricing schedule provided by Cboe BYX, including the pricing for each tier, is available to the public here. During March 2020, Instinet received, on average, a net rebate of $0.0004 per share for orders it routed to Cboe BYX.
1.62
0.01
8.20
45.55
46.25
Nasdaq
XNAS
29.13
85.23
6.55
31.05
31.24
1846.3707
81.6187
-176098.6127
-56.5200
-16003.0143
-11.0673
-50875.3684
-28.6640
The Nasdaq Stock Market (“NASDAQ”) provides tiered pricing. Instinet pays fees and receives rebates based upon NASDAQ’s pricing schedule. The pricing schedule provided by NASDAQ, including the pricing for each tier, is available to the public here. During March 2020, Instinet paid, on average, a net fee of $0.0015 per share for orders it routed to NASDAQ.
Cboe BZX Exchange
BATS
15.32
7.19
5.42
16.42
15.99
596.0554
26.3486
-118808.6707
-38.1324
2764.6014
1.9119
32.3910
0.0182
Cboe BZX Exchange, Inc. (“Cboe BZX”) provides tiered pricing. Instinet pays fees and receives rebates based upon Cboe BZX’s pricing schedule. The pricing schedule provided by Cboe BZX, including the pricing for each tier, is available to the public here. During March 2020, Instinet paid, on average, a net fee of $0.0013 per share for orders it routed to Cboe BZX.
NYSE Arca
ARCX
14.25
0.32
4.69
14.84
15.37
-0.3576
-0.0158
-127338.8934
-40.8702
3677.2815
2.5431
-52342.6272
-29.4906
NYSE ARCA, Inc. (“ARCA”) provides tiered pricing. Instinet pays fees and receives rebates based upon ARCA’s pricing schedule. The pricing schedule provided by ARCA, including the pricing for each tier, is available to the public here. During March 2020, Instinet paid, on average, a net fee of $0.0012 per share for orders it routed to ARCA.
CBOE EDGX Exchange, Inc.
EDGX
11.96
3.89
3.28
12.59
12.89
129.8932
5.7419
-55798.6449
-17.9089
7754.2930
5.3627
-20757.7299
-11.6952
Cboe EDGX Exchange, Inc. (“Cboe EDGX”) provides tiered pricing. Instinet pays fees and receives rebates based upon Cboe EDGX’s pricing schedule. The pricing schedule provided by Cboe EDGX, including the pricing for each tier, is available to the public here. During March 2020, Instinet paid, on average, a net fee of $0.0011 per share for orders it routed to Cboe EDGX.
New York Stock Exch
XNYS
7.66
1.77
5.75
7.73
7.94
-34.2185
-1.5126
-132767.8182
-42.6127
-5026.6646
-3.4763
-21289.4875
-11.9948
New York Stock Exchange LLC (“NYSE”) provides tiered pricing. Instinet pays fees and receives rebates based upon NYSE’s pricing schedule. The pricing schedule provided by NYSE, including the pricing for each tier, is available to the public here. During March 2020, Instinet paid, on average, a net fee of $0.0018 per share for orders it routed to NYSE.
Virtu MatchIt
KNEM
1.93
0.00
6.70
1.47
1.53
0.0000
0.0000
-309.8180
-0.0994
-128.2730
-0.0887
-97.6930
-0.0550
Instinet is a subscriber to the MatchIt ATS and pays a fee for executions occurring in the MatchIt ATS.
Level ATS
LEVL
1.61
0.00
4.20
1.65
1.10
0.0000
0.0000
-3904.1160
-1.2531
-737.3940
-0.5100
-700.2072
-0.3945
Instinet is a subscriber to the Level ATS. Instinet pays a flat fee for executions resulting from “firm” orders on the LeveL ATS; provided, however, that where in certain cases Instinet designates a firm order as only eligible to interact with certain other LeveL ATS subscribers, Instinet will not pay an execution fee. For conditional orders submitted to the LeveL ATS, fees are subject to volume-based pricing tiers set by eBX, LLC (the operator of LeveL ATS). Pricing tiers are based on the subscriber's average daily trading volume ("ADV") in the ATS during the prior calendar month, regardless of the order type or functionality used. Instinet has agreed to the following fees for conditional orders: (a) if the ADV is less than 1 million shares, a fee of $0.0015 per share; (b) if the ADV is greater than or equal to 1 million shares, a fee of $0.0010 per share; and (iii) if the ADV is greater than or equal to 3 million shares, a fee of $0.0005 per share.
UBS Securities LLC - UBS ATS
UBSA
1.55
0.00
5.32
1.11
1.33
0.0000
0.0000
-4438.4920
-1.4246
-878.9690
-0.6079
-938.1470
-0.5286
Instinet is a subscriber to the UBS ATS and pays a fee for executions occurring in the UBS ATS.
Credit Suisse Securities (USA)
CROS
1.53
0.00
5.47
1.05
1.31
0.0000
0.0000
-5940.9350
-1.9068
-823.3390
-0.5694
-1401.9470
-0.7899
Instinet is a subscriber to the CrossFinder ATS and pays a fee for executions occurring in the CrossFinder ATS.
JP Morgan Securities LLC
JPMX
1.43
0.00
4.61
1.02
1.28
0.0000
0.0000
-1430.9570
-0.4593
-237.5660
-0.1643
-670.5000
-0.3778
Instinet, LLC is a subscriber to the JPM-X ATS and pays a fee for executions occurring in the JPM-X ATS
4.32
61.86
0.00
36.66
1.48
BOX Exchange
XBOX
19.06
10.69
0.00
33.62
8.24
56.2000
30.2802
0.0000
0.0000
39.1500
1.2905
0.0000
0.0000
BOX Exchange LLC (“BOX”) provides tiered pricing. Instinet pays fees and receives rebates based upon BOX’s pricing schedule. The pricing schedule provided by BOX, including the pricing for each tier, is available to the public here. During March 2020, Instinet received, on average, a net rebate of $0.11 per contract for orders it routed to BOX.
CBOE Exchange
XCBO
10.44
12.10
0.00
8.02
1.18
-0.7650
-0.4122
0.0000
0.0000
-2586.7250
-85.2663
-0.6625
-0.6072
Cboe Exchange, Inc. (“Cboe”) provides tiered pricing. Instinet pays fees and receives rebates based upon Cboe’s pricing schedule. The pricing schedule provided by Cboe, including the pricing for each tier, is available to the public here. During March 2020, Instinet paid, on average, a net fee of $0.48 per contract for orders it routed to Cboe. Separately, in accordance with Cboe’s market maker preferencing program, Instinet has preferenced a market maker on Cboe. Instinet receives payments from the preferenced market maker in connection with transactions effected by Instinet on Cboe. Such payments are provided by the relevant market maker, and not by the Exchange.
NYSE American Options
AMXO
9.99
11.71
0.00
7.45
1.18
0.0000
0.0000
0.0000
0.0000
-346.0000
-11.4052
0.0000
0.0000
NYSE American Options (“AMEX”) provides tiered pricing. Instinet pays fees and receives rebates based upon AMEX’s pricing schedule. The pricing schedule provided by AMEX, including the pricing for each tier, is available to the public here. During March 2020, Instinet paid, on average, a net fee of $0.35 per contract for orders it routed to AMEX. Separately, in accordance with AMEX’s market maker preferencing program, Instinet has preferenced a market maker on AMEX. Instinet receives payments from the preferenced market maker in connection with transactions effected by Instinet on AMEX. Such payments are provided by the relevant market maker, and not by the Exchange.
Nasdaq ISE
XISX
9.50
12.38
0.00
5.03
0.00
85.8000
46.2284
0.0000
0.0000
-743.4200
-24.5054
0.0000
0.0000
Nasdaq ISE, LLC (“ISE”) provides tiered pricing. Instinet pays fees and receives rebates based upon ISE’s pricing schedule. The pricing schedule provided by ISE, including the pricing for each tier, is available to the public here. During March 2020, Instinet paid, on average, a net fee of $0.40 per contract for orders it routed to ISE. Separately, in accordance with ISE’s market maker preferencing program, Instinet has preferenced a market maker on ISE. Instinet receives payments from the preferenced market maker in connection with transactions effected by Instinet on ISE. Such payments are provided by the relevant market maker, and not by the Exchange.
C2 Options Exchange, Inc.
C2OX
9.00
11.03
0.00
5.89
1.18
63.1000
33.9978
0.0000
0.0000
-1101.7300
-36.3164
-34.8300
-31.9248
Instinet pays fees and receives rebates based upon Cboe C2 Options Exchange’s (“C2”) pricing schedule. During March 2020, Instinet paid, on average, a net fee of $0.30 per contract for orders it routed to C2.
Nasdaq PHLX
XPHO
8.96
12.38
0.00
3.56
0.00
0.0000
0.0000
0.0000
0.0000
-1011.6300
-33.3464
0.0000
0.0000
Nasdaq PHLX LLC (“Nasdaq PHLX”) provides tiered pricing. Instinet pays fees and receives rebates based upon Nasdaq PHLX’s pricing schedule. The pricing schedule provided by Nasdaq PHLX, including the pricing for each tier, is available to the public here. Instinet paid, on average, a net fee of $0.46 per contract for orders it routed to Nasdaq PHLX.
NYSE ARCA Options
ARCO
8.81
11.48
0.00
4.61
1.18
119.7600
64.5259
0.0000
0.0000
-1027.4500
-33.8679
-5.8800
-5.3896
NYSE ARCA Options (“ARCA Options”) provides tiered pricing. Instinet pays fees and receives rebates based upon ARCA Options’ pricing schedule. The pricing schedule provided by ARCA Options, including the pricing for each tier, is available to the public here. During March 2020, Instinet paid, on average, a net fee of $0.50 per contract for orders it routed to ARCA Options.
Miami Intl Exchange
XMIO
7.47
10.47
0.00
2.71
0.00
80.2000
43.2112
0.0000
0.0000
-773.1500
-25.4854
0.0000
0.0000
Miami International Securities Exchange (“MIAX”) provides tiered pricing. Instinet pays fees and receives rebates based upon MIAX’s pricing schedule. The pricing schedule provided by MIAX, including the pricing for each tier, is available to the public at https://www.miaxoptions.com/sites/default/files/fee_schedule-files/MIAX_Options__Fee__Schedule__05_29_20.pdf. During March 2020, Instinet paid, on average, a net fee of $0.40 per contract for orders it routed to MIAX. Separately, in accordance with MIAX’s market maker preferencing program, Instinet has preferenced a market maker on MIAX. Instinet receives payments from the preferenced market maker in connection with transactions effected by Instinet on MIAX. Such payments are provided by the relevant market maker, and not by the Exchange.
Cboe EDGX Options
EDGO
5.85
7.77
0.00
2.85
0.00
37.5000
20.2047
0.0000
0.0000
-286.6900
-9.4502
0.0000
0.0000
Cboe EDGX Options (“EDGX Options”) provides tiered pricing. Instinet pays fees and receives rebates based upon EDGX Options’ pricing schedule. The pricing schedule provided by EDGX Options, including the pricing for each tier, is available to the public here. During March 2020, Instinet paid, on average, a net fee of $0.35 per contract for orders it routed to EDGX Options. Separately, in accordance with EDGX Options’ market maker preferencing program, Instinet has preferenced a market maker on EDGX Options. Instinet receives payments from the preferenced market maker in connection with transactions effected by Instinet on EDGX Options. Such payments are provided by the relevant market maker, and not by the Exchange.
Cboe BZX Options Exchange
BATO
3.57
0.00
0.00
6.32
84.71
0.0000
0.0000
0.0000
0.0000
-2051.9500
-67.6385
257.3000
235.8387
Cboe BZX Options Exchange (“BZX Options”) provides tiered pricing. Instinet pays fees and receives rebates based upon BZX Options’ pricing schedule. The pricing schedule provided by BZX Options, including the pricing for each tier, is available to the public at here. During March 2020, Instinet received, on average, a net rebate of $0.37 per contract for orders it routed to BZX Options.