10. How is the transaction & clearing fee calculated?

For trading & clearing fee (one fee), there are two tiers, one for maker and one for taker.

Currently, for makers it is 5 bps of the traded notional and for takers it is 25 bps. We reserve the right to change this fee in the future.

For example, a trade with an amount of 2.5 Option X and price of $75.

• For maker side, the trading & clearing fee would be = 2.5 * 75 * 5 /10000 = $0.09375

• For taker side, the trading & clearing fee would be = 2.5 * 75 * 25 /10000 = $0.46875