On July 1, 2015, OneChicago, LLC (“OneChicago”) modified its fee schedule on a pilot basis (through December 31, 2015) to cap the execution fee for all OCX.NoDivRisk products. The pilot program capped the OCX.NoDivRisk execution fee at $700 per side per trade. Before this pilot program, these fees were 5/100ths of a basis point (0.0005%) of notional value, which is $5.00 per million with a $0.01 minimum, with no cap. The pilot program maintains these execution fees but imposes the aforementioned cap. All OCX.Weekly products and all “1D” futures are part of the OCX.NoDivRisk product suite. Pending regulatory approval, the pilot program will be extended until December 31, 2016.
FTSE Mondo Visione Exchanges Index:
OneChicago: Execution Fee Cap For OCX.NoDivRisk® Products – Pilot Program Extension
Date 01/12/2015