CBOE said starting from 1 July, CBSX will move its trading operations to the East Coast from Chicago and begin trading from the Equinix NY4 Internet Business Exchange datacenter in Secaucus, New Jersey.
CBSX’s move to the NY4 facility is expected to increase execution speed for the majority of CBSX’s customers, which are located on the East Coast.
In addition, CBSX on 1 June, it has instituted a new pricing model with identical fees for both liquidity ‘makers’ and liquidity ‘takers’ trading on CBSX.
CBSX CEO David Harris said the firm worked in close collaboration with major trading firms to design initiatives that had as a common theme greater execution speed and simple, fair and cost-effective pricing.
According to the CBOE, in the new CBSX pricing model, the fee for stocks trading above $1.00 is $0.0002 per share, and for stocks below $1.00, the fee is 0.02 percent of the dollar value of the transaction.
CBOE is a wholly-owned subsidiary of CBOE Holdings. It offers equity, index and ETF options, including proprietary products, such as options on the S&P 500 Index (SPX) and on the CBOE Volatility Index (VIX).
