Small Exchange Weekly Notification of Rule Amendments

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July 2, 2021

VIA ELECTRONIC PORTAL

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

3 Lafayette Center

1155 21st Street NW

Washington, DC 20581

Re: SMFE 2021-009 - CFTC Regulation 40.6(d) Weekly Notification of Rule Amendments for 

the week of June 28, 2021

Dear Mr. Kirkpatrick:

Pursuant to Commodity Futures Trading Commissions (“CFTC” or “Commission”) Regulation 40.6(d), the 

Small Exchange, Inc. (“Small Exchange”) submits this weekly notification of the following rule 

amendments effective during the week of June 28, 2021.

● On Wednesday, June 31, 2021, the Small Exchange renamed its “Subscriber” offering to 

“Community Member” which affects the Fee Schedule. 

● Effective Thursday, July 1, 2021, Small Exchange is correcting the previous fee filing, SMFE 2021-

007 Fee Schedule 06162021, under the Market Data Fee heading. These fees are waived until 

June 1, 2022. 

The Fee Schedule is attached to this filing as Exhibit A and it is available at www.smallexchange.com. 

Regards,

/s/ Peter D. Santori

Chief Regulatory Officer

Enclosed: Exhibit A
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Exhibit A

Revisions to Small Exchange, Inc.’s Fee Schedule

(additions underlined; deletions overstruck)

Small Exchange reserves the right to waive, cover or adjust some or all fees and costs associated with membership 

and connecting to the Exchange, and to provide other incentives to Participants to ensure that the Exchange 

provides a competitive and efficient market for its products.

While Small Exchange does not charge Market Data Fees to its Participants, Market Data Distributors and Providers 

may charge set-up costs or fees to Participants to receive Small Exchange’s Market Data. Please contact your 

market data distributor or business@thesmallexchange.com for more information.

The Options Clearing Corporation (“OCC”) assesses clearing fees separate from Small Exchange transaction fees. 

Please contact the OCC for more information.

Please contact business@thesmallexchange.com for more information about offering Small Exchange products to 

your customers.

Individual Community Member Subscription Holder Amount

Introductory Price One time $100 fee

Transaction Fee $0.07/contract

Market Data Fee Waived

Transaction Fees Amount

Non-Community Member Subscriber $0.15/contract

Market Makers $0.05/contract

Connectivity Fees Amount

Connection Fees Waived until January 1, 2022

Cross Connect Fees $250 per month pass through fee from CyrusOne for a cross 

 connect in Aurora, Illinois for new connections as of June 30, 

 2021. For Equinix cross connect pass through fees, refer to your 

 Equinix fee schedule for new connections as of June 30, 2021. Otherwise 

 waived until January 1, 2022.

FIX Connect Data Drop Fees Waived until January 1, 2022
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Market Data Fee Amount

Clearing Members Waived until January 1, 2022

Corporate Members Waived until January 1, 2022

Waived until June 1, 2022

Member Application Fee Amount

Clearing Members Waived until January 1, 2022

Corporate Members Waived until January 1, 2022

Annual Membership Fee Amount

Clearing Member Waived until January 1, 2022

Corporate Member: Waived until January 1, 2022
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Exhibit A (Clean Version)

Small Exchange, Inc.’s Fee Schedule

Small Exchange reserves the right to waive, cover or adjust some or all fees and costs associated with membership 

and connecting to the Exchange, and to provide other incentives to Participants to ensure that the Exchange 

provides a competitive and efficient market for its products.

While Small Exchange does not charge Market Data Fees to its Participants, Market Data Distributors and Providers 

may charge set-up costs or fees to Participants to receive Small Exchange’s Market Data. Please contact your 

market data distributor or business@thesmallexchange.com for more information.

The Options Clearing Corporation (“OCC”) assesses clearing fees separate from Small Exchange transaction fees. 

Please contact the OCC for more information.

Please contact business@thesmallexchange.com for more information about offering Small Exchange products to 

your customers.

Individual Community Member Holder Amount

Introductory Price One time $100 fee

Transaction Fee $0.07/contract

Market Data Fee Waived

Transaction Fees Amount

Non-Community Member $0.15/contract

Market Makers $0.05/contract

Connectivity Fees Amount

Connection Fees Waived until January 1, 2022

Cross Connect Fees $250 per month pass through fee from CyrusOne for a cross 

 connect in Aurora, Illinois for new connections as of June 30, 

 2021. For Equinix cross connect pass through fees, refer to your 

 Equinix fee schedule for new connections as of June 30, 2021. Otherwise 

 waived until January 1, 2022.

FIX Connect Data Drop Fees Waived until January 1, 2022
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Market Data Fee Amount

Waived until June 1, 2022

Member Application Fee Amount

Clearing Members Waived until January 1, 2022

Corporate Members Waived until January 1, 2022

Annual Membership Fee Amount

Clearing Member Waived until January 1, 2022

Corporate Member: Waived until January 1, 2022