1.2BGCP202622026-07-30T15:06:38Z202640.000.000.000.000.000.000.000.000.000.00100.001.3813.1952.8832.56Direct Edge ECN LLCEDGX16.131.7922.065.7031.2718.200026.00002835.550012.86632351.700012.97853008.130051.5532MEMX Execution Services LLCMEMX14.144.764.3525.530.00-79.5000-47.3214-870.820065.89147336.3500-47.53380.00000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://info.memxtrading.com/us-options-trading-resources/us-options-fee-schedule/ BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf CBOE TRADING, INC.BATS9.302.983.9210.2210.25-22.0800-48.0000-535.0000103.99732302.5000-51.1962766.250068.3541BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.cboe.com/us/options/membership/fee_schedule/bzx/ BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf MIAX Emerald, LLC.EMLD6.411.792.615.2510.02-7.90000.0000-224.84000.000079.2600283.07140.00000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.miaxglobal.com/markets/us-options/emerald-options/fees BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf BOX ExchangeXBOX6.255.366.091.3214.385.30000.00001305.78000.0000-11.70000.00001084.80000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://boxoptions.com/fee-schedule/ BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026. C2 Options Exchange, Inc.C2OX5.744.763.489.161.13-32.67000.0000-1078.26000.0000541.22009020.333348.96000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.cboe.com/us/options/membership/fee_schedule/ctwo/ BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026. CBOE ExchangeXCBO5.603.573.369.660.000.00000.00000.00000.00000.00000.00000.00000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.cboe.com/us/options/membership/fee_schedule/cone/ BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf XISEXISE4.014.762.866.150.96-38.8300-39.2222-120.1300100.000062.0000-34.031286.700020.9420BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://listingcenter.nasdaq.com/rulebook/ise/rules/ISE%20Options%207 BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026. American Stock ExchangeAMEX3.971.794.470.0510.2219.300029.6923958.71000.00000.000042.647237.200062.0000Miami Options ExchangeMIAX3.922.983.110.0210.6214.500025.0000414.45000.00000.000036.9715133.300064.7087BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.miaxoptions.com/fees BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf NASDAQ Execution Services LLCNQBX3.4611.313.295.430.00-81.1500-66.5164-581.830076.838723.8200-66.87700.00000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://listingcenter.nasdaq.com/rulebook/bx/rules/bx-options-7 BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf Chicago Board Options ExchangeCBOE2.724.767.211.093.47-41.5500-61.1029-198.8650-48.7729-239.9625-11.501799.34009.3365BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.cboe.com/us/options/membership/fee_schedule/edgx/ BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf Pacific ExchangeXPSE2.703.571.744.590.000.00000.00000.00000.00000.00000.00000.00000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.nyse.com/markets/arca-options/trading-info#fees BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026. NYSE Mkt LlcXASE2.660.000.684.870.000.00000.00000.00000.00000.00000.00000.00000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.nyse.com/publicdocs/nyse/markets/american-options/NYSE_American_Options_Fee_Schedule.pdf BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf Archipelago Trading Services, ARCA2.291.794.290.594.25-8.3300-49.0000-891.750025.00001.2500-53.3025187.960045.2916BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.nyse.com/markets/arca-options/trading-info#fees BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026. Philadelphia Stock ExchangePHLX1.542.983.170.003.322.400020.0000302.30000.00000.000037.78750.00000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://listingcenter.nasdaq.com/rulebook/phlx/rules/Phlx%20Equity%207 BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf 202650.000.000.000.000.000.000.000.000.000.0076.741.3912.2924.1062.22Direct Edge ECN LLCEDGX28.955.8417.0810.9638.7828.080026.00002542.390013.11331395.250015.49292060.490060.8712BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.cboe.com/us/options/membership/fee_schedule/edgx/ BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf MEMX Execution Services LLCMEMX11.777.145.7245.510.00-256.3300-46.3526-584.750066.60957318.3900-49.85080.00000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://info.memxtrading.com/us-options-trading-resources/us-options-fee-schedule/ BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf BOX ExchangeXBOX10.809.745.720.1915.9390.00000.0000595.71000.0000-0.40000.00001023.20000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://boxoptions.com/fee-schedule/ BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026. CBOE TRADING, INC.BATS9.347.145.286.8411.15-88.3200-48.0000-400.8500102.33801753.0500-50.9987474.6500100.7749BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.cboe.com/us/options/membership/fee_schedule/bzx/ BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf Miami Options ExchangeMIAX7.762.603.370.0711.7212.750025.0000161.85000.00000.000028.394757.3000102.3214BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.miaxoptions.com/fees BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf American Stock ExchangeAMEX7.074.554.690.0710.3183.370059.1277469.23000.00000.000039.968536.8800115.2500BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.nyse.com/publicdocs/nyse/markets/american-options/NYSE_American_Options_Fee_Schedule.pdf BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf C2 Options Exchange, Inc.C2OX5.313.253.4514.322.23-23.20000.0000-431.93000.0000623.72000.000092.40000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.cboe.com/us/options/membership/fee_schedule/ctwo/ BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026. Chicago Board Options ExchangeCBOE3.297.146.520.343.7110.550012.2674-193.2000-59.8200-59.8200-12.6357-391.3425-43.2423MIAX Emerald, LLC.EMLD2.512.603.458.190.13-3.90000.0000-236.84000.000041.04000.00001.50000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.miaxglobal.com/markets/us-options/emerald-options/fees BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf GEMXGEMX2.262.602.797.820.00-15.9900-34.7609-225.420033.423445.7900-45.08400.00000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://listingcenter.nasdaq.com/rulebook/gemx/rules/GEMX%20Options%207 BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf MIAX SapphireSPHR1.8310.397.840.191.09185.62000.0000952.58000.00000.30000.00005.86000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.miaxglobal.com/markets/us-options/sapphire-options/fees BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf 202660.000.000.000.000.000.000.000.000.000.0068.792.0511.0525.0961.81Direct Edge ECN LLCEDGX33.974.4432.1911.2144.5121.260015.98504597.720015.27293738.050013.32445763.260039.1579CBOE TRADING, INC.BATS11.864.443.7112.2113.42-72.7800-50.5417-337.530086.54471182.2000-48.08121530.250065.3395BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.cboe.com/us/options/membership/fee_schedule/bzx/ BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf MEMX Execution Services LLCMEMX11.838.893.7744.760.00-129.8200-43.7104-427.660064.39765958.7100-51.21680.00000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://info.memxtrading.com/us-options-trading-resources/us-options-fee-schedule/ BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf BOX ExchangeXBOX9.915.934.320.3914.91-12.90000.0000365.16000.00000.00000.00001142.40000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://boxoptions.com/fee-schedule/ BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026. American Stock ExchangeAMEX8.342.594.260.0912.6110.410015.3088256.97000.00000.000032.6518140.360050.4892BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.nyse.com/publicdocs/nyse/markets/american-options/NYSE_American_Options_Fee_Schedule.pdf BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf Miami Options ExchangeMIAX7.010.743.500.0010.70-7.9500-24.0909130.40000.00000.000027.395052.450072.8472BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.miaxoptions.com/fees BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf NASDAQ Execution Services LLCNQBX2.7811.854.058.310.00-92.3800-37.5528-376.0600110.000024.2000-48.33680.00000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://listingcenter.nasdaq.com/rulebook/bx/rules/bx-options-7 BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf MIAX Pearl, LLCMPRL2.617.413.778.130.00-127.7300-50.4862-334.1600106.0000220.4800-49.57860.00000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.miaxglobal.com/markets/us-options/pearl-options/fees BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf C2 Options Exchange, Inc.C2OX2.242.963.027.220.05-11.60000.0000-687.69000.0000633.00000.00000.00000.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://www.cboe.com/us/options/membership/fee_schedule/ctwo/ BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026. Philadelphia Stock ExchangePHLX1.531.483.360.001.838.430021.615428.18000.00000.00005.180110.5000105.0000BGC Financial (“BGCE”) in its efforts to seek best execution may route option orders to Bank of America Merril Lynch (“MLCO”), Dash Financial Technologies (“DASH”) and Matrix Executions ("RSKY") as electronic market access and execution service broker dealers to access all US listed options exchanges. MLCO, DASH and RSKY assess fees for orders that take liquidity from their books and may offer credits for orders that provide liquidity to their books. MLCO, DASH, and RSKY may pass through to BGCE certain fees and/or rebates from exchanges based on the volume tiers reached at such exchanges. The pass-through fees and/or rebates may add to or reduce the overall costs of the execution services provided by MLCO, DASH and RSKY. When accessing the exchanges via MLCO, DASH and RSKY, BGCE may receive an indirect benefit by receiving enhanced volume rates and enhanced exchange rates associated with MLCO, DASH and RSKY, including placement in preferential rate tiers. A description of the fees and rebates offered by this venue, including the pricing tiers offered and the pricing for each tier, is available at: https://listingcenter.nasdaq.com/rulebook/phlx/rules/Phlx%20Equity%207 BGCE is not party to the payment arrangements between MLCO, DASH and RSKY and the various Options Exchanges. Please see the Firm’s Order Handling Letter available at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Annual-Regulatory-Disclosures-2025-2026.pdf