Trading Permits

The CBOE Futures Exchange, LLC (CFE) and Chicago Board Options Exchange, Incorporated (CBOE) are wholly-owned subsidiaries of CBOE Holdings, Inc. CFE offers an all electronic, open access market model. Firms and/or individuals that desire to have direct access to the CFE are required to become a Trading Privilege Holder (TPH) and obtain a TPH permit. Additionally, any firm that desires to become a CFE clearing firm is required to become a TPH and obtain a TPH permit. There is a $500 application fee for Non-CBOE Trading Permit Holder applicants. There is no application fee for CBOE Trading Permit Holders and currently, there are no dues or permit related fees for all TPHs (transaction fees do apply).

A more informative discussion of CFE's TPH program can be found in the following document: Description of Trading Privileges on CFE

Applications for Trading

CBOE Member Organization Application for Trading on CFE

CBOE Sole Proprietor Application for Trading on CFE

Organization Application for Trading on CFE for Non-CBOE Members

Sole Proprietor Application for Trading on CFE for Non-CBOE Members

Clearing Member Guarantee Forms

CFE Clearing Member Guarantee Form For Activity Through Its Connection to CBOEdirect

CFE Clearing Member Guarantee Form For Activity of Trading Privilege Holders with Direct Connections to CBOEdirect