Cboe Japan Fee Schedules
Trading Fees are in the relevant product currency as documented in JPY and are subject to change and are published on a Consumption Tax excluded basis.
Fee Codes and Associated Fees:
| Fee Code | Description | Fee |
|---|---|---|
| BN | BIDS Non Sponsored | 0.3 bps |
| M | Maker (Passive) | 0.1 bps |
| TA | Taker (Aggressive) - All Symbols "A" | 0.2 bps |
| TB | Taker (Aggressive) - All Symbols "B" | 0.5 bps |
| V | VWAP Match - TOPIX 100 | 0.2 bps |
| VN | VWAP Match - Non TOPIX 100 | 0.7 bps |
"A" and "B" definition above are explained in Monthly membership Fees section.
Monthly Membership Fees
| Fee Code | Description | Fee |
|---|---|---|
| Membership "A" | Standard fees. Applied once if participating one of Alpha, Select or BIDS. | 400,000 |
| Membership "B" | Limited to broker-dealers deemed appropriate by Cboe Japan such as regional area focused firms | 0 |