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The SNAPSM Auction Incentive Program

To help launch SNAPSM Auctions, CHX will be offering a financial incentive to CHX Participants who initiate successful SNAP Auctions. 

The SNAP Auction Incentive Program (SAIP) works like this:

  • CHX will pay the CHX Participant that submits a Start SNAP Order a rebate based on the number of shares executed (eligible shares) (1) at CHX during the stage four Order Matching Period and/or (2) away during the stage three Satisfaction Period.

  • During Part 1 of the SAIP, CHX will pay the auction initiator $0.0050 per eligible share up to a maximum of $250 (50,000 shares) per auction.  Part 1 ends when CHX has paid at least $50,000 in total incentives.

  • During Part 2 of the SAIP, CHX will pay the auction initiator $0.0025 per eligible share up to a maximum of $125 (50,000 shares) per auction.  Part 2 ends when CHX has paid at least $100,000 in total incentives.

  • CHX will notify Participants when Part 2 begins and when SAIP is complete.

 
Part 1 of the SAIP is currently in effect.

Additional information about SAIP can be found in the CHX Fee Schedule.

For more information, contact:

Mark O’Connor
Director of Sales
312 663 2568
moconnor@chx.com

A.J. Kim
Vice President, Associate General Counsel
312 663 2484
akim@chx.com

Steven Givot
Senior Vice President, Strategy and Product Management
312 663 2261
s1givot@chx.com