Effective August 3, 2020, BOX Exchange LLC (“BOX”) is amending Section III (Liquidity Fees and Credits) of the BOX Fee Schedule.¹ Specifically, SPY² PIP and COPIP Orders submitted to the PIP and COPIP mechanisms that do not trade with their contra order shall now receive a “removal” credit of $0.45. Responses to the SPY PIP and COPIP Orders executed in these mechanisms shall now be charged the “add” fee of $0.45.

Complete Fee Schedule

The complete BOX fee schedule is available on the BOX website at http://boxoptions.com/fee-  schedule/.

1 Pending regulatory approval.

2 The Standard and Poor’s Depositary Receipts Trust