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Emerald Options Fees

Priority Customer Broker-Dealer Firm Away MM Professional
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Liquidity
Penny Pilot Simple Orders USD 0.50 USD (0.43) USD 0.50 USD (0.25) USD 0.50 USD (0.25) USD 0.50 USD (0.25) USD 0.50 USD (0.25)
Non-Penny Pilot Simple Orders USD 0.85 USD (0.85) USD 1.05 USD (0.25) USD 1.05 USD (0.25) USD 1.05 USD (0.25) USD 1.05 USD (0.25)
Simple Other4 USD (0.00) USD (0.00) N/A N/A N/A N/A N/A N/A N/A N/A
IWM, QQQ and SPY Only USD 0.50 USD (0.45)2 USD 0.50 USD (0.25) USD 0.50 USD (0.25) USD 0.50 USD (0.25) USD 0.50 USD (0.25)
Penny Pilot - Complex Order USD (0.25) USD (0.00) USD 0.50 USD 0.501,3 USD 0.50 USD 0.501,3 USD 0.50 USD 0.501,3 USD 0.50 USD 0.501,3
Non-Penny Pilot - Complex Order USD (0.40) USD (0.00) USD 0.88 USD 0.881,3 USD 0.88 USD 0.881,3 USD 0.88 USD 0.881,3 USD 0.88 USD 0.881,3
All Other - Contra Priority Customer USD 0.85 USD (0.85) USD 1.10 USD (0.25) USD 1.10 USD (0.25) USD 1.10 USD (0.25) USD 1.10 USD (0.25)
Complex Other5 USD (0.00) USD (0.00) N/A N/A N/A N/A N/A N/A N/A N/A

Notes:

  • Rebates are in parentheses.

  1. Fee is reduced to 0.20 when contra a Non-Priority Customer.
  2. The rebate applies when the contra is not an Affiliated Market Maker.
  3. Additional surcharge fees of $0.12 will be charged on complex orders when contra is a Priority customer.
  4. Under Simple other, for PRIME the per contract rebate or fee for the pre-existing contra-side interest that trades with the Agency side will be waived.
  5. Priority Customer Complex Orders that leg into the Simple book are neither charged nor rebated.