Notes:

• Volumes on the Canadian market contribute to the sliding scale.
• Giga-Markets (GM) Lite accounts are charged a fixed rate commission on the first 1,000 option contracts traded per month. For volume in excess of 1,000 contracts per month, GM will apply the tiered commission model.
• The Options Regulatory Fee ("ORF") is charged by the following exchanges: AMEX, BATS, BOX, CBOE, CBOE2, EDGX, EMERALD, ISE, GEMINI, MERCURY, MIAX, MEMX, NOM, NASDAQBX, PSE, PHLX, SAPPHIRE.
• Fee applies to executions which clear in the "Customer" account with OCC. This generally includes Public Customer and Professional Customer transactions.
• Transaction fees are only charged for sell orders.
• Direct routed orders are charged a flat rate per contract on all option premiums.
• Third-party clearing, regulatory, and transaction fees may be charged on certain products.
• Please note that a Consolidated Audit Trail ("CAT") fee may be charged for all executions of options contracts. These fees may be subject to periodic reevaluation to reflect actual costs.
• GM's Tiered (i.e., commission plus external venue fees/rebates) commission models are not intended to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to clients in GM's Tiered commission schedule may be greater than the costs paid by GM to the relevant exchange, regulator, clearinghouse, or third party. For example, GM may receive volume discounts or enhanced rebate payments that are not passed on to clients.
• Commissions apply to all order types.
• Commissions may not be charged for certain cabinet buy-to-close trades when specific tick conditions are met. Complex orders are excluded.
• GM considers exchange fees and/or rebates in determining where to route an order. Under certain circumstances, GM may route a marketable order to an exchange that is not currently posting the best bid or offer but may be willing to "step up" and execute the order at that level to avoid or reduce exchange fees. If this routing method is used, the client generally will pay a lower execution fee. GM will guarantee the client a fill at the best available bid or offer at the time the order is routed.
• Volume breaks are applied based on monthly cumulative trade volume summed across all options contracts at the time of the trade. Contract volumes for advisor, separate trading limit, and broker accounts are summed across all accounts for the purpose of determining volume breaks. These fees are applied on a marginal basis for a given calendar month.
• Modified orders will be treated as the cancellation and replacement of an existing order with a new order. On certain exchanges, this may result in modified orders being subject to commission minimums as if they were new orders. For example, if an order for 200 contracts is submitted and 100 contracts execute, then the order is modified and another 100 contracts execute, a commission minimum may be applied to both 100-contract orders.
• Order minimums will be applied to the individual legs of a COMBO order.
• Non-Trading Permit Holders, non-broker/dealer, and professional customers may be eligible for exchange-specific frequent trader programs. Clients must contact the exchange directly regarding the application and approval process. Once enrolled, clients should notify GM to ensure their orders are routed with the proper designation. Rebates will be provided directly from the exchange.
• GM may change these rates at any time at its sole discretion. Commission rates may also vary by program or arrangement. Restrictions apply. The published rates are for direct clients of GM. Clients introduced through another broker or managed by an advisor may pay additional commissions set by their introducing broker or advisor. Clients should contact their introducing broker or advisor about the rates that will apply to their account.
• Where applicable, consumption tax will be separately applied for eligible services. GM does not provide tax advice; please consult a tax professional.
• GM will use reasonable efforts to maintain an accurate and up-to-date list of Penny Pilot symbols across various exchanges. However, as the classification of Penny Pilot symbols may vary, the lists provided may not be exhaustive. As a result, in certain instances, you may pay a fee or receive a rebate on a Penny Pilot transaction that differs from the fee charged or rebated by the exchange.
• Lower investment costs may increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable.