Options Exchange Rebates help

Discussion in 'Options' started by OptionsRetailHFT, Dec 8, 2022.

  1. I want to get options exchange rebates for adding liquidity. What brokerage is best for such task?
     
  2. Robert Morse

    Robert Morse Sponsor

    At Lightspeed, if you use Sterling Trader Pro, Eze EMS (Realtick) or CBOE Silexx we offer both a SMART route and the ability to choose your Option Exchange. If you choose your exchange, you are subject to the maker/taker fee schedule on those exchanges for single leg orders. We do not pass though rebates on spreads. Email me directly and I will share the schedule with you. My email is below.
     
  3. A little late, but do you know if most of the exchanges that do offer rebates on options, offer them on spreads too, meaning x 2 basically? IBKR has a page with the main equity options exchanges and their rebates, and only 1 or 2 specifically mention complex orders...EDGX being one that does. So wondering if no rebates on spreads by others? I know amex and cboe pay no rebates, but maybe BATS, ARCA and a few others that mention rebates but don't mention them for spreads. Thinking maybe spreads aren't publicly visibile since they go to separate area, so no rebates...just a theory? Tried searching the exchanges websites but very difficult...lengthy documents. At Lighspeed can you route for rebates, or pick your exchanges? I trade intraday so rebates huge factor on spread open and closing so fee x 4. Thanks for any insights. EDIT my offers usually at Mid, so within nbbo bid ask spread.
     
    Last edited: Sep 2, 2024