Volume-Based Pricing

Displayed auction, tier 1

Displayed auction, tier 2

Displayed auction, tier 3

Displayed auction, tier 1

Displayed auction, tier 2

Displayed auction, tier 3

Displayed auction, tier 1

Displayed auction, tier 2

Displayed auction, tier 3

Combined Auction ADV + ADAV ≥0.075% TCV

Combined Auction ADV + ADAV ≥0.10% TCV

Combined Auction ADV + ADAV ≥0.30% TCV

Combined Auction ADV + ADAV ≥0.075% TCV

Combined Auction ADV + ADAV ≥0.10% TCV

Combined Auction ADV + ADAV ≥0.30% TCV

Combined Auction ADV + ADAV ≥0.075% TCV

Combined Auction ADV + ADAV ≥0.10% TCV

Combined Auction ADV + ADAV ≥0.30% TCV

Combined Auction ADV + ADV ≥0.08% TCV; ADAV ≥3.5M

Combined Auction ADV + ADV ≥0.08% TCV; ADAV ≥3.5M

Combined Auction ADV + ADV ≥0.08% TCV; ADAV ≥3.5M

ADAV ≥ 0.06% TCV or Ex-Subdollar ADAV ≥ 0.06%

ADAV ≥ 0.20% TCV or Ex-Subdollar ADAV ≥ 0.20%

ADAV ≥ 0.25% TCV or Ex-Subdollar ADAV ≥ 0.25%

ADAV ≥ 0.35% TCV or Ex-Subdollar ADAV ≥ 0.35%

ADAV ≥ 0.60% TCV or Ex-Subdollar ADAV ≥ 0.60%

ADAV ≥ 0.06% TCV or Ex-Subdollar ADAV ≥ 0.06%

ADAV ≥ 0.20% TCV or Ex-Subdollar ADAV ≥ 0.20%

ADAV ≥ 0.25% TCV or Ex-Subdollar ADAV ≥ 0.25%

ADAV ≥ 0.35% TCV or Ex-Subdollar ADAV ≥ 0.35%

ADAV ≥ 0.60% TCV or Ex-Subdollar ADAV ≥ 0.60%

ADAV ≥ 0.06% TCV or Ex-Subdollar ADAV ≥ 0.06%

ADAV ≥ 0.20% TCV or Ex-Subdollar ADAV ≥ 0.20%

ADAV ≥ 0.25% TCV or Ex-Subdollar ADAV ≥ 0.25%

ADAV ≥ 0.35% TCV or Ex-Subdollar ADAV ≥ 0.35%

ADAV ≥ 0.60% TCV or Ex-Subdollar ADAV ≥ 0.60%

Add ≥0.06% TCV as Non-Displayed orders

Add ≥0.1% TCV as Non-Displayed orders

Add ≥0.15% TCV as Non-Displayed orders

Add ≥0.06% TCV as Non-Displayed orders

Add ≥0.1% TCV as Non-Displayed orders

Add ≥0.15% TCV as Non-Displayed orders

Add ≥0.06% TCV as Non-Displayed orders

Add ≥0.1% TCV as Non-Displayed orders

Add ≥0.15% TCV as Non-Displayed orders

ADAV (excluding ZA/ZO) ≥0.15% TCV

ADAV (excluding ZA/ZO) ≥0.18% TCV

ADAV (excluding ZA/ZO) ≥0.25% TCV | Remove ADV ≥0.40% TCV; Hidden Primary Peg ≥1M; Hidden Midpoint ≥5M

ADAV (excluding ZA/ZO) ≥0.65% TCV | Retail Order ADV (ZA/ZO) ≥0.45% TCV

MPID ADV (excluding ZA/ZO) ≥20M; QDP ADV ≥3.5M

ADAV (excluding ZA/ZO) ≥0.15% TCV

ADAV (excluding ZA/ZO) ≥0.18% TCV

ADAV (excluding ZA/ZO) ≥0.25% TCV | Remove ADV ≥0.40% TCV; Hidden Primary Peg ≥1M; Hidden Midpoint ≥5M

ADAV (excluding ZA/ZO) ≥0.65% TCV | Retail Order ADV (ZA/ZO) ≥0.45% TCV

MPID ADV (excluding ZA/ZO) ≥20M; QDP ADV ≥3.5M

ADAV (excluding ZA/ZO) ≥0.15% TCV

ADAV (excluding ZA/ZO) ≥0.18% TCV

ADAV (excluding ZA/ZO) ≥0.25% TCV | Remove ADV ≥0.40% TCV; Hidden Primary Peg ≥1M; Hidden Midpoint ≥5M

ADAV (excluding ZA/ZO) ≥0.65% TCV | Retail Order ADV (ZA/ZO) ≥0.45% TCV

MPID ADV (excluding ZA/ZO) ≥20M; QDP ADV ≥3.5M

Add or Remove ADV ≥0.50% TCV; Retail Remove ≥800K; Non-Retail Remove ≥0.08% TCV

Add ADV ≥0.25% TCV; Non-Displayed Add ≥0.12% TCV

Add ADV ≥0.30% TCV (excluding ZA/ZO); Non-Displayed ≥0.11% TCV; Tape B ≥0.40% Tape B TCV

Add or Remove ADV ≥0.50% TCV; Retail Remove ≥800K; Non-Retail Remove ≥0.08% TCV

Add ADV ≥0.25% TCV; Non-Displayed Add ≥0.12% TCV

Add ADV ≥0.30% TCV (excluding ZA/ZO); Non-Displayed ≥0.11% TCV; Tape B ≥0.40% Tape B TCV

Add or Remove ADV ≥0.50% TCV; Retail Remove ≥800K; Non-Retail Remove ≥0.08% TCV

Add ADV ≥0.25% TCV; Non-Displayed Add ≥0.12% TCV

Add ADV ≥0.30% TCV (excluding ZA/ZO); Non-Displayed ≥0.11% TCV; Tape B ≥0.40% Tape B TCV

Non-Displayed ADAV ≥0.07% TCV

Non-Displayed ADAV ≥0.10% TCV

Non-Displayed ADAV ≥0.15% TCV | Remove ADV ≥0.37% TCV; Hidden Primary Peg ≥1M; Hidden Midpoint ≥5M

Retail ADV ≥0.80% TCV or ≥80M; Remove ADV ≥0.80% TCV or ≥80M

Non-Displayed ADAV ≥0.07% TCV

Non-Displayed ADAV ≥0.10% TCV

Non-Displayed ADAV ≥0.15% TCV | Remove ADV ≥0.37% TCV; Hidden Primary Peg ≥1M; Hidden Midpoint ≥5M

Retail ADV ≥0.80% TCV or ≥80M; Remove ADV ≥0.80% TCV or ≥80M

Non-Displayed ADAV ≥0.07% TCV

Non-Displayed ADAV ≥0.10% TCV

Non-Displayed ADAV ≥0.15% TCV | Remove ADV ≥0.37% TCV; Hidden Primary Peg ≥1M; Hidden Midpoint ≥5M

Retail ADV ≥0.80% TCV or ≥80M; Remove ADV ≥0.80% TCV or ≥80M

Non-Displayed ADAV ≥0.07% TCV

Non-Displayed ADAV ≥0.10% TCV

Non-Displayed ADAV ≥0.15% TCV | Remove ADV ≥0.37% TCV; Hidden Primary Peg ≥1M; Hidden Midpoint ≥5M

Retail ADV ≥0.80% TCV or ≥80M; Remove ADV ≥0.80% TCV or ≥80M

Non-Displayed ADAV ≥0.07% TCV

Non-Displayed ADAV ≥0.10% TCV

Non-Displayed ADAV ≥0.15% TCV | Remove ADV ≥0.37% TCV; Hidden Primary Peg ≥1M; Hidden Midpoint ≥5M

Retail ADV ≥0.80% TCV or ≥80M; Remove ADV ≥0.80% TCV or ≥80M

Non-Displayed ADAV ≥0.07% TCV

Non-Displayed ADAV ≥0.10% TCV

Non-Displayed ADAV ≥0.15% TCV | Remove ADV ≥0.37% TCV; Hidden Primary Peg ≥1M; Hidden Midpoint ≥5M

Retail ADV ≥0.80% TCV or ≥80M; Remove ADV ≥0.80% TCV or ≥80M

Retail Order ADV ≥0.25% TCV; ADAV (B/V/Y) ≥5M

Retail Order ADV ≥0.25% TCV; ADAV (B/V/Y) ≥5M

Retail Order ADV ≥0.25% TCV; ADAV (B/V/Y) ≥5M

Retail Order ADV ≥0.25% TCV; ADAV (B/V/Y) ≥5M

Retail Order ADV ≥0.25% TCV; ADAV (B/V/Y) ≥5M

Retail Order ADV ≥0.25% TCV; ADAV (B/V/Y) ≥5M

Non-Displayed ADAV ≥0.07% TCV

Non-Displayed ADAV ≥0.10% TCV

Non-Displayed ADAV ≥0.15% TCV | Remove ADV ≥0.37% TCV; Hidden Primary Peg ≥1M; Hidden Midpoint ≥5M

Retail ADV ≥0.80% TCV or ≥80M; Remove ADV ≥0.80% TCV or ≥80M

Non-Displayed ADAV ≥0.07% TCV

Non-Displayed ADAV ≥0.10% TCV

Non-Displayed ADAV ≥0.15% TCV | Remove ADV ≥0.37% TCV; Hidden Primary Peg ≥1M; Hidden Midpoint ≥5M

Retail ADV ≥0.80% TCV or ≥80M; Remove ADV ≥0.80% TCV or ≥80M

Non-Displayed ADAV ≥0.07% TCV

Non-Displayed ADAV ≥0.10% TCV

Non-Displayed ADAV ≥0.15% TCV | Remove ADV ≥0.37% TCV; Hidden Primary Peg ≥1M; Hidden Midpoint ≥5M

Retail ADV ≥0.80% TCV or ≥80M; Remove ADV ≥0.80% TCV or ≥80M

Tape B+C ADAV ≥6M; SPY Add ADV on EDGX Options ≥0.70% OCV

Tape B+C ADAV ≥6M; SPY Add ADV on EDGX Options ≥0.70% OCV

Tape B+C ADAV ≥6M; SPY Add ADV on EDGX Options ≥0.70% OCV

Displayed add; ≥5M non-displayed ADV (and <10M non-displayed ADV); ≥$1.00 securities

Displayed add; ≥3M displayed ADV (and <10M) OR ≥10M non-displayed ADV OR 50% NBBO Time (250+ ETPs); ≥$1.00 securities

Displayed add; ≥10M displayed ADV (and <15M) OR 50% NBBO Time (750+ ETPs); ≥$1.00 securities

Displayed add; ≥15M displayed ADV (and <20M) OR ≥15M non-displayed ADV; ≥$1.00 securities

Displayed add; ≥20M displayed ADV (and <30M) OR ≥20M non-displayed ADV; ≥$1.00 securities

Displayed add; ≥30M displayed ADV OR (≥25M displayed AND ≥30M non-displayed ADV); ≥$1.00 securities

Displayed add; ≥5M non-displayed ADV (and <10M non-displayed ADV); Tape B securities; ≥$1.00 securities

Displayed add; ≥3M displayed ADV (and <10M) OR ≥10M non-displayed ADV OR 50% NBBO Time (250+ ETPs); Tape B securities; ≥$1.00 securities

Displayed add; ≥10M displayed ADV (and <15M) OR 50% NBBO Time (750+ ETPs); Tape B securities; ≥$1.00 securities

Displayed add; ≥15M displayed ADV (and <20M) OR ≥15M non-displayed ADV; Tape B securities; ≥$1.00 securities

Displayed add; ≥20M displayed ADV (and <30M) OR ≥20M non-displayed ADV; Tape B securities; ≥$1.00 securities

Displayed add; ≥30M displayed ADV OR (≥25M displayed AND ≥30M non-displayed ADV); Tape B securities; ≥$1.00 securities

ADAV ≥ 0.06% TCV (excl. Retail); ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.06% TCV (excl. Retail); ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.06% TCV (excl. Retail); ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.06% TCV (excl. Retail); ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.09% TCV (excl. Retail); ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.09% TCV (excl. Retail); ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.09% TCV (excl. Retail); ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.09% TCV (excl. Retail); ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.20% TCV (≥$1.00); OR ADAV ≥ 0.175% TCV; ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.20% TCV (≥$1.00); OR ADAV ≥ 0.175% TCV; ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.20% TCV (≥$1.00); OR ADAV ≥ 0.175% TCV; ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.20% TCV (≥$1.00); OR ADAV ≥ 0.175% TCV; ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.20% TCV AND ADV ≥ 0.50% TCV; OR ADAV ≥ 0.20% (≥$1.00) AND Non-Displayed ADAV ≥ 6M shares; OR ADAV ≥ 0.10% TCV AND Step-Up ≥ 0.05% (expires 2026-06-30); ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.20% TCV AND ADV ≥ 0.50% TCV; OR ADAV ≥ 0.20% (≥$1.00) AND Non-Displayed ADAV ≥ 6M shares; OR ADAV ≥ 0.10% TCV AND Step-Up ≥ 0.05% (expires 2026-06-30); ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.20% TCV AND ADV ≥ 0.50% TCV; OR ADAV ≥ 0.20% (≥$1.00) AND Non-Displayed ADAV ≥ 6M shares; OR ADAV ≥ 0.10% TCV AND Step-Up ≥ 0.05% (expires 2026-06-30); ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.20% TCV AND ADV ≥ 0.50% TCV; OR ADAV ≥ 0.20% (≥$1.00) AND Non-Displayed ADAV ≥ 6M shares; OR ADAV ≥ 0.10% TCV AND Step-Up ≥ 0.05% (expires 2026-06-30); ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.40% TCV (excl. Retail); ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.40% TCV (excl. Retail); ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

ADAV ≥ 0.40% TCV (excl. Retail); ≥$1.00: rate/share; <$1.00: 0.15% of dollar value

Display-Price Sliding ADAV ≥ 5M shares (excl. Retail); rate = highest otherwise achieved rebate (up to $0.0033); ≥$1.00: rate/share; <$1.00: 0.15%

NBBO Setter; ADAV (Code B) ≥ 0.05% TCV; +$0.0003 additive rebate; appended to base code on invoice

NBBO Time ≥25% in avg. 500 secs/day; parallel to volume tiers; ≥$1.00: rate/share; <$1.00: 0.15%

NBBO Time ≥25% in avg. 500 secs/day; parallel to volume tiers; ≥$1.00: rate/share; <$1.00: 0.15%

NBBO Time ≥25% in avg. 500 secs/day; parallel to volume tiers; ≥$1.00: rate/share; <$1.00: 0.15%

NBBO Time ≥25% in avg. 500 secs/day; parallel to volume tiers; ≥$1.00: rate/share; <$1.00: 0.15%

NBBO Time ≥50% in avg. 1,000 secs/day; parallel to volume tiers; ≥$1.00: rate/share; <$1.00: 0.15%

NBBO Time ≥50% in avg. 1,000 secs/day; parallel to volume tiers; ≥$1.00: rate/share; <$1.00: 0.15%

NBBO Time ≥50% in avg. 1,000 secs/day; parallel to volume tiers; ≥$1.00: rate/share; <$1.00: 0.15%

NBBO Time ≥50% in avg. 1,000 secs/day; parallel to volume tiers; ≥$1.00: rate/share; <$1.00: 0.15%

Options ADAV (Customer/Professional) ≥ 20K contracts; ≥$1.00: $0.0026/share; <$1.00: 0.15%

Options ADAV (Customer/Professional) ≥ 20K contracts; ≥$1.00: $0.0026/share; <$1.00: 0.15%

Options ADAV (Customer/Professional) ≥ 20K contracts; ≥$1.00: $0.0026/share; <$1.00: 0.15%

Options ADAV (Customer/Professional) ≥ 20K contracts; ≥$1.00: $0.0026/share; <$1.00: 0.15%

Retail Order ADAV ≥ 0.20% TCV; OR Retail ADAV ≥ 1M shares Pre/Post-Market; ≥$1.00: $0.0037/share; <$1.00: 0.15%

Retail Order ADAV ≥ 0.20% TCV; OR Retail ADAV ≥ 1M shares Pre/Post-Market; ≥$1.00: $0.0037/share; <$1.00: 0.15%

Retail Order ADAV ≥ 0.20% TCV; OR Retail ADAV ≥ 1M shares Pre/Post-Market; ≥$1.00: $0.0037/share; <$1.00: 0.15%

Tape A Quoting; NBBO Time ≥25% in avg. 500 Tape A secs/day; +$0.0002 additive rebate

Tape B Volume Tier 1; Tape B ADAV ≥ 0.40% Tape B TCV (excl. Retail) AND Non-Display ADAV ≥ 8M shares; +$0.0004 additive rebate

Tape B Volume Tier 2; Tape B ADAV ≥ 0.25% Tape B TCV (excl. Retail); +$0.0002 additive rebate

Tape C Quoting; NBBO Time ≥50% in avg. 500 Tape C secs/day; +$0.0002 additive rebate

Additive rebate for NBBO first joiners; requires ≥0.015% NBBO Set Volume % of TCV; Regular Trading Session only

Additive rebate stacked on top of NBBO Setter Plus tier; requires ≥0.015% NBBO Set Volume % of TCV; Regular Trading Session only; applies to AA, AB, AC only (not retail codes)

NBBO Setter Plus: Tier 1 Level B; ADAV ≥0.0% of TCV (Method 1); other methods also qualify; NBBO quoting time >25% and <50% in ≥200 MQ Securities; Applies to displayed add codes AA, EA, FA, AB, EB, FB, AC, EC, FC

NBBO Setter Plus: Tier 1 Level C; ADAV ≥0.0% of TCV (Method 1); other methods also qualify; NBBO quoting time >50% in ≥200 MQ Securities; Applies to displayed add codes AA, EA, FA, AB, EB, FB, AC, EC, FC

NBBO Setter Plus: Tier 2 Level A; ADAV ≥0.15% of TCV (Method 1); other methods also qualify; Base – no NBBO requirement; Applies to displayed add codes AA, EA, FA, AB, EB, FB, AC, EC, FC

NBBO Setter Plus: Tier 2 Level B; ADAV ≥0.15% of TCV (Method 1); other methods also qualify; NBBO quoting time >25% and <50% in ≥200 MQ Securities; Applies to displayed add codes AA, EA, FA, AB, EB, FB, AC, EC, FC

NBBO Setter Plus: Tier 2 Level C; ADAV ≥0.15% of TCV (Method 1); other methods also qualify; NBBO quoting time >50% in ≥200 MQ Securities; Applies to displayed add codes AA, EA, FA, AB, EB, FB, AC, EC, FC

NBBO Setter Plus: Tier 3 Level A; ADAV ≥0.18% of TCV (Method 1); other methods also qualify; Base – no NBBO requirement; Applies to displayed add codes AA, EA, FA, AB, EB, FB, AC, EC, FC

NBBO Setter Plus: Tier 3 Level B; ADAV ≥0.18% of TCV (Method 1); other methods also qualify; NBBO quoting time >25% and <50% in ≥200 MQ Securities; Applies to displayed add codes AA, EA, FA, AB, EB, FB, AC, EC, FC

NBBO Setter Plus: Tier 3 Level C; ADAV ≥0.18% of TCV (Method 1); other methods also qualify; NBBO quoting time >50% in ≥200 MQ Securities; Applies to displayed add codes AA, EA, FA, AB, EB, FB, AC, EC, FC

NBBO Setter Plus: Tier 4 Level A; ADAV ≥0.25% of TCV (Method 1); other methods also qualify; Base – no NBBO requirement; Applies to displayed add codes AA, EA, FA, AB, EB, FB, AC, EC, FC

NBBO Setter Plus: Tier 4 Level B; ADAV ≥0.25% of TCV (Method 1); other methods also qualify; NBBO quoting time >25% and <50% in ≥200 MQ Securities; Applies to displayed add codes AA, EA, FA, AB, EB, FB, AC, EC, FC

NBBO Setter Plus: Tier 4 Level C; ADAV ≥0.25% of TCV (Method 1); other methods also qualify; NBBO quoting time >50% in ≥200 MQ Securities; Applies to displayed add codes AA, EA, FA, AB, EB, FB, AC, EC, FC

NBBO Setter Plus: Tier 5 Level A; ADAV ≥0.6% of TCV (Method 1); other methods also qualify; Base – no NBBO requirement; Applies to displayed add codes AA, EA, FA, AB, EB, FB, AC, EC, FC

NBBO Setter Plus: Tier 5 Level B; ADAV ≥0.6% of TCV (Method 1); other methods also qualify; NBBO quoting time >25% and <50% in ≥200 MQ Securities; Applies to displayed add codes AA, EA, FA, AB, EB, FB, AC, EC, FC

NBBO Setter Plus: Tier 5 Level C; ADAV ≥0.6% of TCV (Method 1); other methods also qualify; NBBO quoting time >50% in ≥200 MQ Securities; Applies to displayed add codes AA, EA, FA, AB, EB, FB, AC, EC, FC

NBBO Setter Plus: Tier 6 Level A; ADAV ≥1.0% of TCV (Method 1); other methods also qualify; Base – no NBBO requirement; Applies to displayed add codes AA, EA, FA, AB, EB, FB, AC, EC, FC

NBBO Setter Plus: Tier 6 Level B; ADAV ≥1.0% of TCV (Method 1); other methods also qualify; NBBO quoting time >25% and <50% in ≥200 MQ Securities; Applies to displayed add codes AA, EA, FA, AB, EB, FB, AC, EC, FC

Non-displayed midpoint peg order, Regular Trading Session; volume tiers based on Midpoint ADAV; Sub-$1.00: 0.15% of dollar value

Non-displayed midpoint peg order, Regular Trading Session; volume tiers based on Midpoint ADAV; Sub-$1.00: 0.15% of dollar value

LOC: MOC ≥0.20% + total close ≥0.30% + 35% MOC ratio OR 30M D Orders

LOC: MOC ≥0.35% + total close ≥0.525% CADV

MOC: MOC ≥0.20% + total close ≥0.30% + 35% MOC ratio OR 30M D Orders

MOC: MOC ≥0.35% + total close ≥0.525% CADV

Floor broker Adding ADV ≥0.07% CADV

Floor broker Adding ADV ≥0.25% CADV

Non-cumulative +$0.0002 bonus on qualifying tier rate: Floor broker ADV ≥10K shares + ≥50% Floor broker ratio

MPL Adding ADV ≥0.0075% Tapes A+B+C CADV (excl DMM)

MPL Adding ADV ≥0.015% Tapes A+B+C CADV (excl DMM)

MPL Adding ADV ≥0.075% Tapes A+B+C CADV OR ≥7.25M shares (excl DMM)

MPL Adding ADV ≥20M shares (excl DMM)

Non-Displayed Adding ADV ≥0.12% Tapes A+B+C CADV (excl DMM)

Adding ADV ≥0.22% NYSE CADV (excl SLP/DMM); OR ≥0.15% + 0.05% above Q1 2021 | Adding ADV ≥0.20% + ≥0.05% above Nov 2020 baseline (excl DMM)

Adding ADV ≥0.29% NYSE CADV (excl SLP/DMM); OR ≥0.125% + 2x Q1 2021

(A) Adding ADV ≥0.40% + MOC/LOC ≥0.05%; OR (B) Adding ≥0.30% + MOC/LOC ≥0.05% + MPL 200K

Adding ADV ≥0.35% NYSE CADV (excl SLP and DMM) | Adding ADV ≥0.45% + ≥0.20% above March 2019 baseline (excl DMM)

Adding ADV ≥0.75% NYSE CADV + MOC/LOC ≥0.10% NYSE CADV | Adding ADV ≥0.65% + ≥0.60% above March 2019 baseline (excl DMM)

Adding ADV ≥1.20% NYSE CADV + MOC/LOC ≥0.12% NYSE CADV

1.75x July 2019 + NBBO quote 15% in 300+ securities + SLP ≥0.05% + increase ≥0.1%

1.75x July 2019 + NBBO quote 15% in 300+ securities + SLP ≥0.05% + increase ≥0.35%

Non-cumulative +$0.0001 bonus on qualifying tier rate: Firm ≥1.00% Tape A CADV + MPID ≥2x Jan 2021 baseline + ≥0.10% above Jan 2021 baseline

Non-cumulative +$0.0002 bonus on qualifying tier rate: Firm ≥1.00% Tape A CADV + MPID ≥2x Jan 2021 baseline + ≥0.175% above Jan 2021 baseline

Tier 7 + orders setting NBBO (Tape A): Additional $0.0007 credit

Floor broker D Orders removing: ADV ≥500K shares D Orders prior month

Sub-Dollar Adding ≥2.0% of Sub-Dollar CADV (0.10% credit + 0.150% Options) | Sub-Dollar: 1M Adding ADV + 0.6% increase over July 2020 (0.1% credit)

Sub-Dollar Adding ≥1.75% of Sub-Dollar CADV (0.075% credit)

Sub-Dollar: 1M Adding ADV + 0.3% increase over July 2020 (0.05% credit)

0.15% Adding of CADV

0.20% Adding of CADV

0.30% Adding of CADV; OR 0.25% Adding + 0.40% Tape B Remove + 0.25% Options posting | Tape A: 2x growth over Q2 2021 + 9M shares

0.50% Adding of CADV | 0.60% Adding + 1.50% Tape B Adding + 1.00% combined Adding+Removing | Minimum credit for Tier 1-6 qualifiers: Combined Adding+Removing ≥1.0% CADV | 0.30% Adding ADV + 0.80% Options Customer/Professional posting volume

0.70% Adding of CADV OR 84M shares Adding ADV | 0.35% Adding over Sept 2019; OR 0.50% Adding + 0.25% Removing

0.40% Adding ADV over September 2019 baseline

Non-cumulative +$0.0002 bonus on qualifying tier rate (Tape A): 0.65% Adding + 0.80% Options Customer/Professional posting volume

Non-cumulative +$0.0001 bonus on qualifying tier rate (all tapes): 0.75% Adding + 0.80% Options Customer/Professional posting volume

Tape A: 2x growth over Q2 2021 + 4M shares (or 2M Tape B)

0.15% Adding of CADV

0.20% Adding of CADV | 0.30% Adding of CADV; OR 0.25% Adding + 0.40% Tape B Remove + 0.25% Options posting | Tape B: 2x growth over Q2 2021 + 4M shares (or 2M Tape B) | Tape B: 2x growth over Q2 2021 + 9M shares

0.50% Adding of CADV | 0.70% Adding of CADV OR 84M shares Adding ADV

0.35% Adding over Sept 2019; OR 0.50% Adding + 0.25% Removing

Non-cumulative +$0.0002 bonus on qualifying tier rate (Tape B): 0.65% Adding + 0.80% Options Customer/Professional posting volume | Non-cumulative +$0.0002 bonus on qualifying tier rate (Tape B): 0.50% Adding + 20% above Q3 2019 baseline

Non-cumulative +$0.0001 bonus on qualifying tier rate (all tapes): 0.75% Adding + 0.80% Options Customer/Professional posting volume

Tape B: 0.15% above April 2020 OR 0.20% + 50 LMM ETPs OR 0.50% + 50 LMM ETPs

Tape B: 1.00% Adding OR 0.25% above April 2020

Non-cumulative +$0.0003 bonus on qualifying tier rate (Tape B): 0.50% Adding + 30% above Q3 2019 baseline

0.15% Adding of CADV

0.20% Adding of CADV

0.30% Adding of CADV; OR 0.25% Adding + 0.40% Tape B Remove + 0.25% Options posting | Tape C: 2x growth over Q2 2021 + 9M shares

0.50% Adding of CADV | 0.35% Adding over Sept 2019; OR 0.50% Adding + 0.25% Removing

0.60% Adding + 1.50% Tape B Adding + 1.00% combined Adding+Removing | 0.40% Adding ADV over September 2019 baseline | Tape C: 0.35% Adding of CADV

Minimum credit for Tier 1-6 qualifiers: Combined Adding+Removing ≥1.0% CADV | 0.30% Adding ADV + 0.80% Options Customer/Professional posting volume | Tape C: 0.20% Adding of CADV

Non-cumulative +$0.0004 bonus on qualifying tier rate (Tape C): 0.50% Adding + 0.80% Options Customer/Professional posting volume

Non-cumulative +$0.0001 bonus on qualifying tier rate (all tapes): 0.75% Adding + 0.80% Options Customer/Professional posting volume

Tape C: 2x growth over Q2 2021 + 4M shares (or 2M Tape B)

Limit Non-Display + MPL combined ADV increase ≥0.02% over July 2020

Limit Non-Display + MPL combined ADV increase ≥0.05% over July 2020

Limit Non-Display + MPL combined ADV increase ≥0.1% over July 2020

MPL Adding ADV ≥1.5M shares

MPL Adding ADV ≥2.0M shares

MPL Adding ADV ≥3.0M shares (3M or 1M + 50% ratio)

MPL Adding ADV ≥5.0M shares (5M or 2M + 50% ratio)

MPL Adding ADV ≥13.0M shares

MPL Adding ADV ≥15.0M shares

MPL Adding ADV ≥25.0M shares

MPL Adding ADV ≥1.5M shares

MPL Adding ADV ≥2.0M shares

MPL Adding ADV ≥3.0M shares (3M or 1M + 50% ratio)

MPL Adding ADV ≥5.0M shares (5M or 2M + 50% ratio)

MPL Adding ADV ≥13.0M shares

MPL Adding ADV ≥15.0M shares

MPL Adding ADV ≥25.0M shares

0.10% Retail Day

0.15% Retail OR 0.075% + 0.40% Options

0.20% Retail Day

0.35% Retail Day

Tracking Orders that result in executions: ≥1M ADV

Sub-Dollar Retail Day Remove ≥0.20% of Sub-Dollar CADV (0.20% of dollar value)

Displayed: ≥0.05% Adding ADV as % of US CADV

Displayed: ≥0.075% Adding ADV + ≥0.15% Adding+Removing ADV combined as % of US CADV

Displayed: ≥0.11% Adding ADV as % of US CADV OR ≥13M Adding ADV

Displayed: ≥0.05% Adding ADV as % of US CADV

Displayed: ≥0.075% Adding ADV + ≥0.15% Adding+Removing ADV combined as % of US CADV

Displayed: ≥0.11% Adding ADV as % of US CADV OR ≥13M Adding ADV

Displayed: ≥0.05% Adding ADV as % of US CADV

Displayed: ≥0.075% Adding ADV + ≥0.15% Adding+Removing ADV combined as % of US CADV

Displayed: ≥0.11% Adding ADV as % of US CADV OR ≥13M Adding ADV

Non-Displayed: ≥0.08% Adding ADV as % of US CADV (excluding MPL)

Non-Displayed: ≥0.20% Adding ADV as % of US CADV OR ≥30M Adding ADV

Non-Displayed: ≥0.08% Adding ADV as % of US CADV (excluding MPL)

Non-Displayed: ≥0.20% Adding ADV as % of US CADV OR ≥30M Adding ADV

Non-Displayed: ≥0.08% Adding ADV as % of US CADV (excluding MPL)

Non-Displayed: ≥0.20% Adding ADV as % of US CADV OR ≥30M Adding ADV

≥50K Adding ADV

≥0.02% Removing ADV as % of US CADV + ≥50K Adding ADV

≥0.10% Removing ADV as % of US CADV + ≥100K Adding ADV

≥50K Adding ADV

≥0.02% Removing ADV as % of US CADV + ≥50K Adding ADV

≥0.10% Removing ADV as % of US CADV + ≥100K Adding ADV

≥50K Adding ADV

≥0.02% Removing ADV as % of US CADV + ≥50K Adding ADV

≥0.10% Removing ADV as % of US CADV + ≥100K Adding ADV

Midpoint: <1M shares ADV

Midpoint: <1M shares ADV

Add ≥0.10% TCV

Min 2M shares ADV + Remove ≥0.45% TCV

Add ≥0.30% TCV | Opening/Closing Cross imbalance + LOC after 3:55pm ≥0.01% TCV | Add ≥0.15% TCV; Remove ≥0.40% TCV; Non-display ≥800K ADV | Add ≥0.10% TCV; Add liquidity ≥0.40% NOM options ADV

Add ≥0.45% TCV; Tape B ≥0.10% | Add ≥0.35% TCV; Remove ≥0.75% TCV | Add ≥0.375% TCV; MELO growth 100% vs Jun 2021; MELO ≥500K ADV

Add ≥0.75% + Tape B ≥0.15%; OR Add ≥0.50% display + Tape B ≥0.10% + Non-display ≥0.15% | Add ≥0.60% + Remove ≥0.80%; MELO ≥350K ADV; OR Add ≥0.65% + MELO growth 150% + MELO ≥750K ADV | Add Customer/Professional/Firm liquidity ≥1.15% NOM options ADV

Add ≥0.70% + Tape B ≥0.15% + Non-display ≥0.10%; OR Add ≥0.95% + Non-display ≥0.25% | Add ≥0.875% + Midpoint ≥0.25% + Remove ≥1.35%; OR 1.00% Add + Tape B ≥0.30% + Non-display ≥0.25% | Add ≥0.95% TCV; NOM MM ≥0.20% + Customer/Pro/Firm ≥1.50% NOM options

Add ≥0.65% TCV; Retail ≥0.15%; 60% add-to-total ratio | Add ≥0.70% TCV; Midpoint ≥0.20%; Remove ≥1.10%

Non-cumulative +$0.0005 bonus on qualifying tier rate: MELO ADV growth ≥1M vs Jun 2021; OR midpoint ≥3M ADV + 100% growth; OR Add ≥5M ADV through midpoint/MELO. Only best credit applies.

Add ≥0.10% TCV

Min 2M shares ADV + Remove ≥0.45% TCV

Add ≥0.30% TCV | Opening/Closing Cross imbalance + LOC after 3:55pm ≥0.01% TCV | Add ≥0.15% TCV; Remove ≥0.40% TCV; Non-display ≥800K ADV | Add ≥0.10% TCV; Add liquidity ≥0.40% NOM options ADV

Add ≥0.45% TCV; Tape B ≥0.10% | Add ≥0.35% TCV; Remove ≥0.75% TCV | Add ≥0.375% TCV; MELO growth 100% vs Jun 2021; MELO ≥500K ADV

Add ≥0.75% + Tape B ≥0.15%; OR Add ≥0.50% display + Tape B ≥0.10% + Non-display ≥0.15% | Add ≥0.60% + Remove ≥0.80%; MELO ≥350K ADV; OR Add ≥0.65% + MELO growth 150% + MELO ≥750K ADV | Add Customer/Professional/Firm liquidity ≥1.15% NOM options ADV

Add ≥0.70% + Tape B ≥0.15% + Non-display ≥0.10%; OR Add ≥0.95% + Non-display ≥0.25% | Add ≥0.875% + Midpoint ≥0.25% + Remove ≥1.35%; OR 1.00% Add + Tape B ≥0.30% + Non-display ≥0.25% | Add ≥0.95% TCV; NOM MM ≥0.20% + Customer/Pro/Firm ≥1.50% NOM options

Add ≥0.65% TCV; Retail ≥0.15%; 60% add-to-total ratio | Add ≥0.70% TCV; Midpoint ≥0.20%; Remove ≥1.10%

Non-cumulative +$0.0005 bonus on qualifying tier rate: MELO ADV growth ≥1M vs Jun 2021; OR midpoint ≥3M ADV + 100% growth; OR Add ≥5M ADV through midpoint/MELO. Only best credit applies.

Add ≥0.10% TCV

Multiple paths (see Tape A/B Tier 10)

Add ≥0.03% TCV non-displayed (incl midpoint)

Add ≥0.03% TCV non-displayed (incl midpoint)

Firms adding ≥50K ADV

Add+Remove ≥0.05% TCV; Add ≥50K ADV

Add+Remove ≥0.10% TCV; Remove ≥0.05% TCV; Add ≥50K ADV

Firms adding ≥50K ADV

Add+Remove ≥0.05% TCV; Add ≥50K ADV

Add+Remove ≥0.10% TCV; Remove ≥0.05% TCV; Add ≥50K ADV

Firms adding ≥50K ADV

Add+Remove ≥0.05% TCV; Add ≥50K ADV

Add+Remove ≥0.10% TCV; Remove ≥0.05% TCV; Add ≥50K ADV

Firm adds ≥0.05% TCV

Firm adds ≥0.07% TCV

Firm adds ≥0.05% TCV

Firm adds ≥0.07% TCV

Non-cumulative +$0.00005 bonus on qualifying tier rate: Add ≥0.10% TCV in prior month AND current month (Tape B only)

Firm adds ≥0.05% TCV

Firm adds ≥0.07% TCV