Cboe Titanium US

Equities/Options
Multicast Depth of
Book (PITCH)
Specification
Version 2.41.58

July 8, 2025

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Contents
Intr
Introduction
oduction ................................................................................................................................................................... 6
Ov
Over
erview
view ................................................................................................................................................................ 6
Multicast PI
PITTCH F
Feed
eed Descriptions .......................................................................................................... 7
24x5 F
Feed
eed Hours and System Restar
Restartt (C1 Options Only) ................................................................ 8
Feed Connectivity Requir
Requirements
ements ................................................................................................................ 9
Symbol Ranges, Units, and Sequence Numbers ................................................................................ 11
Options Specific Symbol Pr
Processing
ocessing ...................................................................................................... 12
Gap Request Pr
Prooxy and Message Retr
Retransmission
ansmission ........................................................................... 13
Spin Ser
Servvers ....................................................................................................................................................... 14
Pr
Prot
otocol
ocol ......................................................................................................................................................................... 16
Message F
Format
ormat .............................................................................................................................................. 16
Data T
Types
ypes .......................................................................................................................................................... 17
Message F
Frraming ............................................................................................................................................ 18
Sequenced Unit Header Message Fields .............................................................................................. 19
Ex
Execution
ecution IDs ..................................................................................................................................................... 20
Hear
Heartbeat
tbeat Messages ...................................................................................................................................... 21
Gap Request Pr
Prooxy Messages ............................................................................................................................ 22
Login Message Fields .................................................................................................................................... 22
Login Response Message Fields .............................................................................................................. 23
Gap Request Message Fields ..................................................................................................................... 24
Gap Response Message Fields ................................................................................................................. 25
Gap Ser
Servver Rollo
Rollovver Usage Example ....................................................................................................... 26
PI
PITTCH 2.X Messages .............................................................................................................................................. 27
Time Ref
Refer
erence
ence Message Fields (C1 Options Only) ........................................................................ 27
Time Message Fields ..................................................................................................................................... 28
Unit Clear Message Fields ........................................................................................................................... 29
Transaction Begin Message Fields (Options Only) .......................................................................... 30
Transaction End Message Fields (Options Only) .............................................................................. 31
Add Or
Order
der Message Fields .......................................................................................................................... 32
Or
Order
der Modification Messages .................................................................................................................... 34
Order Executed Message Fields ...................................................................................................... 34
Order Executed at Price/Size ............................................................................................................ 35
Reduce Size Message Fields ............................................................................................................. 36
Modify Order Message Fields ........................................................................................................... 37

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Delete Order Message Fields ............................................................................................................ 38

Trade Message Fields .................................................................................................................................... 39
Trade Br
Break
eak Message Fields ...................................................................................................................... 41
End of Session Message Fields ................................................................................................................ 42
Symbol Mapping Message Fields (Options Only) ............................................................................. 43
Trading Status Message Fields ................................................................................................................. 44
Width Update Message Fields (Options Only) .................................................................................... 46
Auction Update Message Fields (B
(BYYX and BZX E
Equities
quities Only) ................................................... 47
Options A
Auction
uction Update Message Fields (Options Only) .............................................................. 49
Auction Summar
Summaryy Message Fields (B
(BYYX E
Equities,
quities, BZX E
Equities,
quities, and Options Only) ........ 50
Auction Notification Message Fields (C1 and EDGX Options Only) ......................................... 52
Auction Cancel Message Fields (C1 and EDGX Options Only) ................................................... 53
Auction T
Trrade Message Fields (C1 and EDGX Options Only) ...................................................... 54
Retail Price Impr
Improovement Message Fields (B
(BYYX Ex
Exchange
change Only) .............................................. 55
SOQ Strik
Strikee Range Update Message Fields (C1 Only) ...................................................................... 56
Constituent Symbol Mapping Message Fields (C1 Only) .............................................................. 57
Or
Order
der Repr
Representation
esentation .............................................................................................................................................. 58
Hidden Or
Orders
ders ................................................................................................................................................... 58
Reser
Reservve Or
Orders
ders.................................................................................................................................................. 59
Or
OrderID
derID Obfuscation Opt-out ...................................................................................................................... 60
Spin Messages ........................................................................................................................................................... 61
Login ...................................................................................................................................................................... 61
Login Response ................................................................................................................................................ 62
Spin Image A
Avvailable Message Fields .................................................................................................... 63
Spin Request Message Fields .................................................................................................................... 64
Spin Response Message Fields ................................................................................................................ 65
Spin Finished Message Fields ................................................................................................................... 66
Instrument Definition Request Message Fields ................................................................................. 67
Instrument Definition Response Message Fields ............................................................................. 68
Instrument Definition Finished Message Fields ................................................................................ 69
Spin Ser
Servver Usage Example ........................................................................................................................ 70
Spin Ser
Servver Rollo
Rollovver Usage Example ...................................................................................................... 72
Message T
Types
ypes .......................................................................................................................................................... 74
Gap Request Pr
Prooxy Messages ................................................................................................................... 74

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Spin Ser
Servver Messages ................................................................................................................................... 75
PI
PITTCH 2.X Messages ..................................................................................................................................... 76
Example Messages .................................................................................................................................................. 77
Sequenced Unit Header with 2 Messages ............................................................................................ 77
Login Message Example .............................................................................................................................. 78
Login Response Message Example ......................................................................................................... 79
Gap Request Message Example ............................................................................................................... 80
Gap Response Message Example ............................................................................................................ 81
Spin Image A
Avvailable Message Example .............................................................................................. 82
Spin Request Message Example ............................................................................................................... 83
Spin Response Message Example ........................................................................................................... 84
Spin Finished Message Example .............................................................................................................. 85
Instrument Definition Request Message Example ........................................................................... 86
Instrument Definition Response Message Example ........................................................................ 87
Instrument Definition Finished Message Example ........................................................................... 88
Time Ref
Refer
erence
ence Message Example (C1 Options Only) ................................................................... 89
Time Message Example ................................................................................................................................ 90
Time Message Example (Options Only) ................................................................................................ 91
Unit Clear Message Example ...................................................................................................................... 92
Add Or
Order
der - Long Message Example ....................................................................................................... 93
Add Or
Order
der Shor
Shortt Message Example ........................................................................................................ 94
Add Or
Order
der - Expanded Message Example ............................................................................................. 95
Or
Order
der Ex
Executed
ecuted (Options) Message Example ..................................................................................... 96
Or
Order
der Ex
Executed
ecuted (E
(Equities)
quities) Message Example ..................................................................................... 97
Or
Order
der Ex
Executed
ecuted at Price/Siz
Price/Sizee (Options) Message Example ......................................................... 98
Or
Order
der Ex
Executed
ecuted at Price/Siz
Price/Sizee (E
(Equities)
quities) Message Example ......................................................... 99
Reduce Siz
Sizee - Long Message Example ................................................................................................ 100
Reduce Siz
Sizee - Shor
Shortt Message Example ............................................................................................... 101
Modify Or
Order
der - Long Message Example ............................................................................................... 102
Modify Or
Order
der - Shor
Shortt Message Example .............................................................................................. 103
Delete Or
Order
der Message Example .............................................................................................................. 104
Trade - Long (Options) Message Example ......................................................................................... 105
Trade - Long (E
(Equities)
quities) Message Example ......................................................................................... 106
Trade - Shor
Shortt (Options) Message Example ........................................................................................ 107
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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Trade - Shor
Shortt (E
(Equities)
quities) Message Example ........................................................................................ 108
Trade - Expanded (Options) Message Example ............................................................................... 109
Trade - Expanded (E
(Equities)
quities) Message Example ............................................................................... 110
Trade Br
Break
eak Message Example ............................................................................................................... 111
End of Session Message Example ......................................................................................................... 112
Symbol Mapping Message Example ..................................................................................................... 113
Trading Status Message (E
(Equities)
quities) Message Example ................................................................ 114
Trading Status Message (Options) Message Example ................................................................ 115
Width Update Message (Options) Message Example ................................................................... 116
Auction Notification Message Example (C1 and EDGX Options Only) .................................. 117
Auction Cancel Message Example (C1 and EDGX Options Only) ............................................ 118
Auction T
Trrade Message Example (C1 and EDGX Options Only) ............................................... 119
Auction Update Message Example (BZX) ........................................................................................... 120
Auction Update Message Example (B
(BYYX) ........................................................................................... 121
Options A
Auction
uction Update Message Example (Options Only) ....................................................... 122
Auction Summar
Summaryy Message Example (B
(BYYX E
Equities,
quities, BZX E
Equities,
quities, and Options Only) . 123
Retail Price Impr
Improovement Message Example (B
(BYYX Ex
Exchange
change Only) ...................................... 124
SOQ Strik
Strikee Range Update Message Example (C1 Only) .............................................................. 125
Constituent Symbol Mapping Message Example (C1 Only) ....................................................... 126
Multicast Configur
Configuration
ation ....................................................................................................................................... 127
US E
Equities
quities Pr
Production
oduction Envir
Environment
onment Configur
Configuration
ation ...................................................................... 127
Limitations/Configurations .............................................................................................................. 127
BYX/EDGA/EDGX Unit/Symbol Distribution .............................................................................. 128
BZX Unit/Symbol Distribution ......................................................................................................... 129
BZX Multicast Routing Parameters .............................................................................................. 130
BYX Multicast Routing Parameters .............................................................................................. 131
EDGA Multicast Routing Parameters ........................................................................................... 132
EDGX Multicast Routing Parameters ........................................................................................... 133
BZX Address/Unit Distribution ....................................................................................................... 134
BYX Address/Unit Distribution ........................................................................................................ 137
EDGA Address/Unit Distribution .................................................................................................... 140
EDGX Address/Unit Distribution .................................................................................................... 143
US Options Pr
Production
oduction Envir
Environment
onment Configur
Configuration
ation ....................................................................... 146
Limitations/Configurations .............................................................................................................. 146
US Options Unit/Product Distribution .......................................................................................... 147
BZX Options Multicast Routing Parameters ............................................................................. 148

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

C1 Options Multicast Routing Parameters ................................................................................ 149

C2 Options Multicast Routing Parameters ................................................................................ 150
EDGX Options Multicast Routing Parameters ......................................................................... 151
BZX Options Address/Unit Distribution ...................................................................................... 152
C1 Options Address/Unit Distribution ......................................................................................... 155
C2 Options Address/Unit Distribution ......................................................................................... 158
EDGX Options Address/Unit Distribution ................................................................................... 161
US E
Equities
quities Cer
Certification
tification Envir
Environment
onment Configur
Configuration
ation ................................................................... 164
BYX/EDGA/EDGX Unit/Symbol Distribution .............................................................................. 164
BZX Unit/Symbol Distribution ......................................................................................................... 165
Equities Certification Multicast Routing Parameters ........................................................... 166
BZX Address/Unit Distribution ....................................................................................................... 167
BZX Simulated DR Address/Unit Distribution .......................................................................... 168
BYX Address/Unit Distribution ........................................................................................................ 169
EDGA Address/Unit Distribution .................................................................................................... 170
EDGX Address/Unit Distribution .................................................................................................... 171
US Options Cer
Certification
tification Envir
Environment
onment Configur
Configuration
ation .................................................................... 172
US Options Unit/Product Distribution .......................................................................................... 172
Options Certification Multicast Routing Parameters ........................................................... 174
BZX Options Address/Unit Distribution ...................................................................................... 175
C1 Options Address/Unit Distribution ......................................................................................... 176
C2 Options Address/Unit Distribution ......................................................................................... 177
EDGX Options Address/Unit Distribution ................................................................................... 178
Options T
Trrade Condition Codes ....................................................................................................................... 179
Connectivity ............................................................................................................................................................... 180
Suppor
Supported
ted Extr
Extranet
anet Carriers ..................................................................................................................... 180
Bandwidth Recommendation ................................................................................................................... 181
Multicast T
Test
est Pr
Progr
ogram
am .............................................................................................................................. 182
Ref
Refer
erences
ences ................................................................................................................................................................. 183
Suppor
Supportt ........................................................................................................................................................................ 184
Re
Revision
vision Hist
Histor
oryy ...................................................................................................................................................... 185

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Intr
Introduction
oduction
Ov
Over
erview
view
This specification will be the standard Multicast PITCH specification to be used for Cboe BYX
Exchange, BZX Exchange, EDGA Exchange, EDGX Exchange, BZX Options Exchange, Cboe Options
Exchange (C1), C2 Options Exchange, and EDGX Options Exchange platforms.

Cboe members may use Multicast PITCH to receive real-time depth of book quotations, execution
information and auction update information during auctions for Cboe listed securities. Cboe
Auction Update and Auction Summary messages support the Cboe Opening, Closing, Halt and IPO
Auctions on the BZX Exchange. Refer to the Cboe US Equities Auction Process specification for
more information on Cboe Auctions.

One or more of WAN-Shaped, Gig-Shaped, 5-Gig Shaped, or 8-Gig Shaped versions of the Multicast
PITCH feed may be available from one or both of Cboe’s datacenters. Members may choose to take
one or more of the following Multicast PITCH feed options depending on their location and
connectivity to Cboe.

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Multicast PI
PITTCH F
Feed
eed Descriptions
Table 1. Multicast PI
PITTCH F
Feed
eed Descriptions

SH
SHAPING
APING SER
SERVED
VED FROM D
DAATA CEN
CENTER
TER (PRIM
(PRIMAR
ARY/
Y/ MUL
MULTICAST
TICAST FEED
EX
EXCH
CHANGE
ANGE
(GIG/W
(GIG/WAN)
AN) SECOND
SECONDARARY
Y) ID
BYX Exchange Gig Primary YA
BYX Exchange Gig Primary YB
BYX Exchange WAN Primary YC
BYX Exchange WAN Primary YD
BYX Exchange WAN Secondary YE
BZX Exchange Gig Primary ZA
BZX Exchange Gig Primary ZB
BZX Exchange WAN Primary ZC
BZX Exchange WAN Primary ZD
BZX Exchange WAN Secondary ZE
EDGA Exchange Gig Primary AA
EDGA Exchange Gig Primary AB
EDGA Exchange WAN Primary AC
EDGA Exchange WAN Primary AD
EDGA Exchange WAN Secondary AE
EDGX Exchange Gig Primary XA
EDGX Exchange Gig Primary XB
EDGX Exchange WAN Primary XC
EDGX Exchange WAN Primary XD
EDGX Exchange WAN Secondary XE
BZX Options 5-Gig Primary OA
BZX Options 5-Gig Primary OB
BZX Options 8-Gig Primary OC
BZX Options 8-Gig Primary OD
BZX Options 5-Gig Secondary OE
Cboe Options 5-Gig Primary CA
Cboe Options 5-Gig Primary CB
Cboe Options 8-Gig Primary CC
Cboe Options 8-Gig Primary CD
Cboe Options 5-Gig Secondary CE
C2 Options 5-Gig Primary WA
C2 Options 5-Gig Primary WB
C2 Options 8-Gig Primary WC
C2 Options 8-Gig Primary WD
C2 Options 5-Gig Secondary WE
EDGX Options 5-Gig Primary EA
EDGX Options 5-Gig Primary EB
EDGX Options 8-Gig Primary EC
EDGX Options 8-Gig Primary ED
EDGX Options 5-Gig Secondary EE

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

24x5 F
Feed
eed Hours and System Restar
Restartt (C1 Options Only)
For C1 Options operating in 24x5 mode, the PITCH feed starts on Sunday at approximately 1:00
p.m. ET and shuts down on Friday at approximately 5:30 p.m. ET. A daily restart occurs between
5:30 and 7:00 p.m. ET each day at which time sequences will be reset. The daily restart is typically
observed between 5:30 p.m. and 6:00 p.m. ET, but could occur later (between 6:00 p.m. and 7:00
p.m ET) if needed for operational reasons. Feed startup and shutdown times may be adjusted
without notice.

Under normal operations, it is expected that the order books are cleared (Delete Order messages
sent for any open orders, including GTC and GTD orders), prior to the daily restart and reset of
sequences. Persisted GTC and GTD orders will be added back onto the order books immediately
after restart.

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Feed Connectivity Requir

Requirements
ements
▪ Gig Shaped feeds are available to members with a minimum of 1 Gb/s of connectivity to Cboe
via cross connect or dedicated circuit.
▪ 5-Gig and 8-Gig Shaped Options feeds are available to members with a minimum of 10 Gb/s of
connectivity to Cboe via cross connect or dedicated circuit.
▪ WAN-Shaped feeds are available to members who meet the minimum bandwidth requirements
to Cboe via cross-connect, dedicated circuit, or a supported carrier.
Members with sufficient connectivity may choose to take both the A/B and C/D feeds from one of
Cboe datacenters and arbitrate the feeds to recover lost data. Alternatively, members may choose
to arbitrate feeds from both datacenters. It should be noted that feeds from the secondary
datacenter will have additional latency for those co-located with Cboe in the primary datacenter due
to proximity and business continuity processing.

Cboe Multicast PITCH real-time events are delivered using a published range of multicast
addresses divided by symbol range units. Dropped messages can be requested using a TCP/IP
connection to one of Cboe’s Gap Request Proxy (GRP) servers with replayed messages being
delivered on a separate set of multicast ranges reserved for packet retransmission. Intraday, a spin
of all open orders may be requested from a Spin Server. This allows a client to become current
without requesting a gap for all messages up to that point in the day.The following diagram is a
logical representation Multicast PITCH feed message flow between Cboe and a member feed
handler that is listening to the A and C instances of two units:

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 10
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Symbol Ranges, Units, and Sequence Numbers

Symbols will be separated into units by a published alphabetical distribution. Symbol distribution
will not change intra-day. Cboe does, however, reser
eservve the right tto
o add multicast addr
addresses
esses or
change the symbol distribution with prior notice to members. Care should be taken to ensure that
address changes, address additions, and symbol distribution changes can be supported easily.

Message sequence numbers start at one at the beginning of the day and are incremented by one
for every sequenced message within a particular symbol unit. When the message sequence
number reaches the maximum value of an unsigned 32-bit integer (2^32 - 1, or 4,294,967,295), the
message sequence number will rrollo
ollovver tto
o one (not zzer
eroo which implies un-sequenced). The rollover
handling must also be applied to the Gap and Spin servers.

Symbol distribution across units as well as unit distribution across multicast addresses are
identical for real-time and gap response multicast addresses.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 11
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Options Specific Symbol Pr

Processing
ocessing
Cboe has implemented a symbol mapping mechanism for the options Multicast PITCH feeds due
to the large size of options symbols and to keep the options Multicast PITCH specification
consistent with the equities Multicast PITCH specification. This symbol mapping mechanism
significantly reduces the size of the Multicast PITCH feed for options and allows members to use
the same feed handler for Cboe equity and options exchanges.

Real-time symbol mapping messages are available on each unit’s multicast feed. Symbol
Mapping messages are used to map the 6 character feed symbol (used in all other Pitch 2.X
messages) to an OSI symbol and Underlying. Symbol Mapping messages are un-sequenced
messages and are sent continuously from pre-market through the end of trading. The rate is
variable and will be adjusted as bandwidth allows.

In addition to the symbol mapping events available on the Multicast PITCH feed, a downloadable
file with current mappings is available via the Listed Series (csv) link on the Market Data page of
the Cboe Options web site.

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Gap Request Pr
Prooxy and Message Retr
Retransmission
ansmission
Requesting delivery of missed data is achieved by connecting to a Cboe Gap Request Proxy (GRP).
Members who do not wish to request missed messages do not need to connect to a GRP for any
reason or listen to the multicast addresses reserved for message retransmission. Members
choosing to request missed data will need to connect to their assigned GRP, log in, and request gap
ranges as necessary. All gap requests will be responded to with a Gap Response message. A Gap
Response message Status code of Accepted signals that the replayed messages will be delivered
via the appropriate gap response multicast address. Any other Gap Response message Status
code will indicate the reason that the request cannot be serviced.

Gap requests are limited in message count, frequency, and age by the GRP. Gap requests will only
be serviced if they are within a defined sequence range of the current multicast sequence number
for the requested unit. Members will receive a total daily allowance of gap requested messages. In
addition, each member is given renewable one second and one minute gap request limits.

If more than one gap request is received for a particular unit/sequence/count combination within a
short timeframe, all requests will receive a successful Gap Response message from the GRP, but
only a single replayed message will be sent on the gap response multicast address.

If overlapping gap requests are received within a short period of time, the gap server will only send
the union of the sequence ranges across grouped gap requests. Members will receive gap
responses for their requested unit/sequence/count, but receivers should be prepared for the gap
responses ttoo be deliv
deliver
ered
ed via multicast in non-contiguous blocks
blocks.

Gap acknowledgments or rejects will be delivered to users for every gap request received by the
GRP. Users should be prepared to see replayed multicast data before or after the receipt of the gap
response acknowledgment from the GRP.

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Spin Ser
Servvers
A Spin Server is available for each unit. The server allows members to connect via TCP and receive
a spin of all currently open orders and symbols with limited trading conditions on that unit. By using
the spin, a member can get the current Cboe book quickly in the middle of the trading session
without worry of gap request limits. The Spin Server for each unit listens on its own address and/or
TCP port.

Upon successful login and periodically thereafter, a Spin Image Available message is sent
which contains a sequence number indicating the most recent message applied to the book. Using
a Spin Request message, a member may request a spin for the orders up to a sequence number
noted within one of the last ten Spin Image Available messages distributed. If the Spin
Request message submitted does not present a sequence number that matches one of the last
ten Spin Image Available messages distributed, the spin will return orders up to the next
closest sequence number reported through a Spin Image Available message that is greater
than the sequence number requested.

In the case a Member sends a sequence number in a Spin Request message that is higher than
the sequence number reported by the most recent Spin Image Available message, the next
spin image to be generated will be returned when it is available. If the requested sequence number
is still higher at that time, an O (Out of Range) error will be generated.

A spin consists only of the message types listed below.

▪ US E
Equities:
quities:
▪ Time
▪ Add Order (long, short, expanded)
▪ Trading Status
▪ Auction Update (BZX only)
▪ Retail Price Improvement (BYX only)
▪ US Options:
▪ Time
▪ Time Reference (C1 only)
▪ Add Order (long, short, expanded)
▪ Trading Status
A Time message will be sent as the last message in a spin if the last Time message sent on a spin
is older than the last received time from the internal market data producers. Trading Status
messages are sent in spins for all symbols that are not Suspended, which results in at least one
message for every symbol that has not been Suspended since system startup. For Equities only,
Spin requests made after system start-up but before order acceptance will contain a Trading
Status message for every symbol.

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Spins will not contain any message for an order which is no longer on the book. While receiving the
spin, the member must buffer multicast messages received. If the Spin Image Available
message sequence number is the Member’s reference point, multicast messages with larger
sequence numbers should be buffered. If a non- Spin Image Available message sequence
number is the Member’s reference point which they send in their Spin Request message, they
should buffer from that point on, but note that the spin they will receive sequence numbers beyond
that point which they may disregard. When a Spin Finished message is received, the buffered
messages must be applied to spun copy of the book to make it current.

Customers can also use the Spin Server to request a spin of all options Symbol Mapping
messages by sending an Instrument Definition Request message. The Spin Server can
only process one spin at a time. Customers will need to wait for a Spin Finished or
Instrument Definition Finished message before submitting another request.

Spin Messages on page 61 shows an example flow of messages between a member and Cboe’s
Multicast PITCH feed and Spin Server.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 15
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Pr
Prot
otocol
ocol
Cboe users may use the PITCH 2.X protocol over multicast to receive real-time full depth of book
quotations and execution information direct from Cboe.

PITCH 2.X cannot be used to enter orders. For order entry, refer to the US Equities or US Options FIX
Specification.

All visible orders and executions are reflected via the PITCH 2.X feed. All orders and executions are
anonymous, and do not contain any member identity.

Message F
Format
ormat
The messages that make up the PITCH 2.X protocol are delivered using Sequenced Unit
Header message header which handles sequencing and delivery integrity. All messages delivered
via multicast as well as to/from the Gap Request Proxy (GRP) will use the Sequenced Unit
Header message for handling message integrity.

All UDP delivered events will be self-contained. Developers can assume that UDP delivered data will
not cross frame boundaries and a single Ethernet frame will contain only one Sequenced Unit
Header with associated data.

TCP/IP delivered events from the GRP may cross frames as the data will be delivered as a stream
of data with the TCP/IP stack controlling Ethernet framing.

The PITCH data feed is comprised of a series of dynamic length sequenced messages. Each
message begins with Length and Message Type fields. Cboe rreser
eservves the right tto
o add message
types and gr
grow
ow the length of any message without notice. Members should develop their decoders
to deal with unknown message types and messages that grow beyond the expected length.
Messages will only be grown to add additional data to the end of a message.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 16
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Data T
Types
ypes
The following field types are used within the Sequenced Unit Header message, GRP messages,
and PITCH 2.X.
▪ Alphanumeric fields are left justified ASCII fields and space padded on the right.
▪ Binar
Binaryy fields are unsigned and sized to Length bytes and ordered using Little Endian convention
(least significant byte first).
▪ Binar
Binaryy Shor
Shortt Price fields are unsigned Little Endian encoded 2 byte binary fields with 2 implied
decimal places (denominator = 100).
▪ Binar
Binaryy Long Price fields are unsigned Little Endian encoded 8 byte binary fields with 4 implied
decimal places (denominator = 10,000).
▪ Bit Field fields are fixed width fields with each bit representing a boolean flag (the 0 bit is the
lowest significant bit; the 7 bit is the highest significant bit).
▪ Printable ASCII fields are left justified ASCII fields that are space padded on the right that may
include ASCII values in the range of 0x20 - 0x7e.
▪ Binar
Binaryy Date fields are 4 byte unsigned Little Endian values where the base-10 representation is
the YYYYMMDD representation of that date. For example, October 30, 2023 would be
represented as 20,231,030 (20231030) .
▪ Multiplier fields are unsigned Little Endian encoded 4 byte binary fields with 1 implied decimal
place (demoninator = 10).
▪ Time Offset fields are 4 byte unsigned Little Endian values that represent the number of nanoseconds s

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 17
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Message F
Frraming
Depth of book update messages will be combined into single UDP frame where possible to
decrease message overhead and total bandwidth. The count of messages in a UDP frame will be
communicated using the Sequenced Unit Header message. Framing will be determined by the
server for each unit and site. The content of the multicast across feeds (e.g. A versus B and A
versus C) will be identical, but fr
framing
aming will not be consistent acr
across
oss ffeeds
eeds. Receiving processes
that receive and arbitrate multiple feeds cannot use frame level arbitration to fill gaps.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 18
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Sequenced Unit Header Message Fields

The Sequenced Unit Header message is used for all Cboe Multicast PITCH messages as well
as messages to and from the Gap Request Proxy (GRP) and Spin Servers.

Sequenced and un-sequenced data may be delivered using the Sequenced Unit Header
message. Un-sequenced headers will have a 0 value for the sequence field and potentially for the
unit field. All messages sent to and from the GRP and Spin Server are un-sequenced while multicast
may contain sequenced and un-sequenced messages.

Sequenced messages have implied sequences with the first message having the sequence number
contained in the header. Each subsequent message will have an implied sequence one greater than
the previous message up to a maximum of count messages. Multiple messages can follow a
Sequenced Unit Header message, but a combination of sequenced and un-sequenced
messages cannot be sent with one header.

The sequence number for the first message in the next frame can be calculated by adding the Hdr
Count field to the Hdr Sequence. This logic must account for sequence number rrollo
ollovver
4,294,967,295 tto
o 1. This technique will work for sequenced messages and heartbeats.

Table 2. Sequenced Unit Header

FIELD OFFSE
OFFSETT LENGTH VAL
ALUE/T
UE/TYPE
YPE DESCRIPTION
Hdr Length 0 2 Binary Length of entire block of messages. Includes this header and
Hdr Count messages to follow.
Hdr Count 2 1 Binary Number of messages to follow this header.
Hdr Unit 3 1 Binary Unit that applies to messages included in this header.
Hdr Sequence 4 4 Binary Sequence of first message to follow this header.
Total Length = 8 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 19
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Ex
Execution
ecution IDs
The 1st character of an Execution ID (after converting to a 9 character base 36 number zero-padded
on the left) may be used to differentiate between internal matched trades, internal auction fills, and
routed trades as follows:
▪ 0 (zero) = Cboe Internal Match
▪ 1 = Cboe Internal Match (C1 Options Only)
▪ 2 = Cboe Internal Match (C1 Options Only)
▪ C = Auction Fill (Equities Only)
▪ M = Cboe Market Close Trade
▪ P = Periodic Auction Trade (BYX Only)
▪ R = Routed Trade

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 20
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Hear
Heartbeat
tbeat Messages
The Sequenced Unit Header message with a count field set to 0 will be used for heartbeat
messages. During trading hours heartbeat messages will be sent from the GRP and all multicast
addresses if no data has been delivered within 1 second. Heartbeat messages never increment the
sequence number for a unit, but can be used to detect gaps on the real-time multicast channels
during low update rate periods.

Heartbeats on the real-time multicast addresses during trading hours will have a Hdr Sequence value
equal to the sequence of the next sequenced message to be sent for the unit. Heartbeats on gap
multicast addresses will always have the Hdr Sequence field set to 0. All heartbeat messages sent to
and from the GRP are considered un-sequenced and should have sequence and unit fields set to 0.

Outside of trading hours Cboe sends heartbeat messages on all real-time and gap channels with a
sequence of 0 to help users validate multicast connectivity. Heartbeat messages may not be sent
from 12:00 a.m. - 1:00 a.m. ET or during maintenance windows.

Cboe expects heartbeat messages to be sent to the GRP and Spin Servers on live connections no
less than every 5 seconds. Failure to receive two consecutive heartbeat messages will result in the
GRP or Spin Servers terminating the client connection.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 21
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Gap Request Pr
Prooxy Messages
The following messages are used for initializing a TCP/IP connection to the Gap Request Proxy
(GRP) and to request message retransmissions. Members only need to implement the following
messages if gap requests will be made. Each of the following message types must be wrapped by
an unsequenced unit header as described in Sequenced Unit Header Message Fields on page 19.
The following messages will not be delivered using multicast.

Login Message Fields

The Login message is the first message sent to the GRP by a user’s process after the connection
to the GRP is established. Failure to login before sending any other message type will result in the
connection being dropped by the GRP.

Table 3. Login

FIELD OFFSE
OFFSETT LENGTH VAL
ALUE/T
UE/TYPE
YPE DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x01 Login message
SessionSubId 2 4 Alphanumeric SessionSubId supplied by Cboe
Username 6 4 Alphanumeric Username supplied by Cboe
Filler 10 2 Alphanumeric (space filled)
Password 12 10 Alphanumeric Password supplied by Cboe
Total Length = 22 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 22
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Login Response Message Fields

The Login Response message is sent by the GRP to a user’s process in response to a Login
message. The status field is used to reflect an accepted login or the reason the session was not
accepted. If login fails, the connection will be dropped after the Login Response message is
sent.

Table 4. Login Response Message Fields

LOGIN RESPONSE

FIELD OFFSE
OFFSETT LENGTH VAL
ALUE/T
UE/TYPE
YPE DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x02 Login Response message
Status 2 1 Alphanumeric Accepted or reason for reject:
A = Login accepted
N = Not authorized (invalid username/password)
B = Session in use
S = Invalid session
Total Length = 3 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 23
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Gap Request Message Fields

The Gap Request message is used by a user’s process to request retransmission of a sequenced
message (or messages) by one of Cboe’s gap servers.

Table 5. Gap Request

FIELD OFFSE
OFFSETT LENGTH VAL
ALUE/T
UE/TYPE
YPE DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x03 Gap Request message
Unit 2 1 Binary Unit that the gap is requested for
Sequence 3 4 Binary Sequence of first message, (lowest sequence in range)
Count 7 2 Binary Count of messages requested
Total Length = 9 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 24
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Gap Response Message Fields

The Gap Response message is sent by the GRP in response to a Gap Request message. The
Unit and Sequence fields will match the values supplied in the Gap Request message. A Gap
Response message, with a Status of Accepted or reason for failure, will be sent for each Gap
Request message received by the GRP.

Table 6. Gap Response

FIELD OFFSE
OFFSETT LENGTH VAL
ALUE/T
UE/TYPE
YPE DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x04 Gap Response message
Unit 2 1 Binary Unit the gap was requested for
Sequence 3 4 Binary Sequence of first message in request
Count 7 2 Binary Count of messages requested
Status 9 1 Alphanumeric Accepted or reason for reject. All non-'A' status codes
should be interpreted as a reject.
A = Accepted
O = Out of range (ahead of sequence or too far behind)
D = Daily gap request allocation exhausted
M = Minute gap request allocation exhausted
S = Second gap request allocation exhausted
C = Count request limit for one gap request exceeded
I = Invalid Unit specified in request
U = Unit is currently unavailable
Total Length = 10 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 25
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Gap Ser
Servver Rollo
Rollovver Usage Example
The following describes the exchange of messages between a member and Cboe’s Multicast
PITCH feed and Gap Server during rollover.

The member detects a gap, having received sequence 4,294,967,293 and then sequence 3. The
member recognizes this as a roll-over and sends a Gap Request to the GRP with Sequence
4,294,967,294 (first sequence in the range) and a Count of 4 (since zero is not included in a roll-
over).

The GRP sends a Gap Response with a Sequence of 4,294,967,294 and Count of 4 (to match the
request), with a Status of Accepted.

The Gap Server sends the requested gap messages which are sequences: 4,294,967,294 ;
4,294,967,295 ; 1 ; and 2. The member uses these messages to fill the gap.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 26
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

PI
PITTCH 2.X Messages
With the exception of Time Reference and Time messages, each PITCH message reflects the
order addition, order deletion, order modification or execution of an order in the system.

Time Ref
Refer
erence
ence Message Fields (C1 Options Only)
The Time Reference message is used to provide a midnight reference point for recipients of the
feed. It is sent whenever the system starts up and when the system crosses a midnight boundary.
All subsequent Time messages for the same unit will the use the last Midnight Reference until
another Time Reference message is received for that unit. The Time Reference message
includes the Trade Date, so most other sequenced messages will not include that information.

Time Reference messages will be included in a spin response.

Table 7. Time Ref

Refer
erence
ence

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field.
Message Type 1 1 0xB1 Time Reference message
Midnight Reference 2 4 Binary Midnight Eastern Time reference time for subsequent
Time messages, expressed as number of whole
seconds since the Epoch (Midnight January 1, 1970
UTC).
Time 6 4 Binary Number of whole seconds from midnight Eastern time.
Time Offset 10 4 Time Offset Nanosecond offset from last unit timestamp.
Trade Date 14 4 Binary Date Current Trade Date
Total Length = 18 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 27
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Time Message Fields

A Time message is immediately generated and sent when there is a PITCH event for a given clock
second. If there is no PITCH event for a given clock second, then no Time message is sent for that
second. The Time field is the number of seconds relative to midnight Eastern Time. All subsequent
time offset fields for the same unit will use the new Time message value as the base until another
Time message is received for the same unit. On C1 Options only, the Time message includes the
Epoch Time field, which is the current time represented as the number of whole seconds since the
Epoch (midnight January 1, 1970).

For C1 Options only, a given trading day may span multiple calendar days. C1 options market data
recipients must prepare for a crossing of the midnight ET boundary. At such time, a new Time
Reference message will be sent and the Time field in subsequent Time messages will reset to
reflect the number of seconds from the most recent midnight ET time.

Table 8. Time

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x20 Time message
Time 2 4 Binary Number of whole seconds from midnight Eastern Time
Epoch Time 6 4 Binary C1 Options Only
Number of whole seconds since the Epoch (midnight
January 1, 1970 UTC).
Total Length = 6 bytes, 10 bytes for C1 Options Only

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 28
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Unit Clear Message Fields

The Unit Clear message instructs feed recipients to clear all orders for the Cboe book in the unit
specified in the Sequenced Unit Header message. For Equities only, this message will be sent
at startup each day. It would also be distributed in certain recovery events such as a data center
fail-over.

Table 9. Unit Clear

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x97 Unit Clear message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Total Length = 6 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 29
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Transaction Begin Message Fields (Options Only)

The Transaction Begin message indicates any subsequent messages, up to the accompanying
Transaction End message, are all part of the same transaction block. All PITCH messages
corresponding to such an event would be included between a Transaction Begin message and
Transaction End message. It is important to note that transaction blocks are currently used in
US Options for symbol state transitions only, but may be expanded to other use cases with notice.
Transaction Begin messages do not alter the book and can be ignored if messages are being
used solely to build a book.

Feed processors can use a transaction block as a trigger to postpone publishing a quote update
until the end of the transaction block.

Table 10. Transaction Begin

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field.
Message Type 1 1 0xBC Transaction Begin message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp.
Total Length = 6 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 30
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Transaction End Message Fields (Options Only)

The Transaction End message indicates that a transaction indicated by a previous
Transaction Begin message has completed. Transaction End messages do not alter the
book and can be ignored if messages are being used solely to build a book.

Table 11. Transaction End

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field.
Message Type 1 1 0xBD Transaction End message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp.
Total Length = 6 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 31
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Add Or
Order
der Message Fields
An Add Order message represents a newly accepted visible order on the Cboe book. It includes a
day-specific Order Id assigned by Cboe to the order.

Table 12. Add Or

Order
der (long)

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x21 Add Order message (long)
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Order Id 6 8 Binary Day-specific identifier assigned to this order
Side Indicator 14 1 Alphanumeric B = Buy Order
S = Sell Order
Quantity 15 4 Binary Number of shares/contracts being added to the book (may
be less than the number entered).
Symbol 19 6 Printable ASCII Symbol right padded with spaces.
Price 25 8 Binary Long Price The limit order price
Add Flags 33 1 Bit Field Bit 0 - Reser
Reservved, set tto
o1
Bits 1- 2 - Reser
Reservved
Bit 3 - A
AON
ON (Options only)
0 = Order is a firm quote
1 = Order is AON (All or None)
Bits 4-7 - Reser
Reservved
Total Length = 34 bytes

Table 13. Add Or

Order
der (shor
(short)
t)

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x22 Add Order message (short)
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Order Id 6 8 Binary Day-specific identifier assigned to this order
Side Indicator 14 1 Alphanumeric B = Buy Order
S = Sell Order
Quantity 15 2 Binary Number of shares/contracts being added to the book (may
be less than the number entered).
Symbol 17 6 Printable ASCII Symbol right padded with spaces.
Price 23 2 Binary Short Price The limit order price
Add Flags 25 1 Bit Field Bit 0 - Reser
Reservved, set tto
o1
Bits 1- 2 - Reser
Reservved
Bit 3 - A
AON
ON (Options only)
0 = Order is a firm quote
1 = Order is AON (All or None)
Bits 4-7 - Reser
Reservved
Total Length = 26 bytes

The following expanded version of the Add Order message has been made available to
accommodate larger symbol sizes possible through the ISRA plan.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 32
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Table 14. Add Or

Order
der (Expanded)

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x2F Add Order message (expanded)
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Order Id 6 8 Binary Day-specific identifier assigned to this order
Side Indicator 14 1 Alphanumeric B = Buy Order
S = Sell Order
Quantity 15 4 Binary Number of shares/contracts being added to the book (may
be less than the number entered).
Symbol 19 8 Printable ASCII Symbol right padded with spaces.
Price 27 8 Binary Long Price The limit order price
Add Flags 35 1 Bit Field Bit 0 - Reser
Reservved, set tto
o1
Bits 1- 2 - Reser
Reservved
Bit 3 - A
AON
ON (Options only)
0 = Order is a firm quote
1 = Order is AON (All or None)
Bits 4-7 - Reser
Reservved
ParticipantID 36 4 Alphanumeric Optionally specified.
If specified, MPID (equities) or Executing Firm ID (options)
of firm attributed to this quote.
Alternatively "RTAL" for retail specified orders (equities).
Space filled otherwise.
Customer Indicator 40 1 Alphanumeric BZX/C1/EDGX Options Only (space filled on C2 Options and
all equities markets).
N = Non-Customer
C = Customer
R = Retail Priority order (EDGX Equities only)
Client ID 41 4 Alphanumeric Optional user specified value attributed to this quote. Space
(Options only) filled otherwise.
Reserved 45 5 Reserved Reserved
(Options only)
Total Length = 50 bytes for options, 41 bytes for equities

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 33
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Or
Order
der Modification Messages
Order modification messages refer to an Order ID previously sent with an Add Order message.
Multiple order modification messages may modify a single order and the effects are cumulative.
Modify messages may update the size and/or the price of an order on the book. When the
remaining size of an order reach zero, the order is dead and should be removed from the book.
Or
Order
der Ex
Executed
ecuted Message Fields
Order Executed messages are sent when a visible order on the Cboe book is executed in whole
or in part. The execution price equals the limit order price found in the original Add Order
message or the limit order price in the latest Modify Order message referencing the Order Id.

Table 15. Or
Order
der Ex
Executed
ecuted

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x23 Order Executed message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Order Id 6 8 Binary Order Id of a previously sent Add Order message that was
executed
Executed Quantity 14 4 Binary Number of shares/contracts executed
Execution Id 18 8 Binary Cboe generated day-unique execution identifier of this
execution. Execution Id is also referenced in the Trade
Break message
Trade Condition 26 1 Alphanumeric Options Only (byte not sent in Equities).
See Options Trade Condition Codes on page 179 section for
details about new codes.
Total Length = 27 bytes (Options), 26 bytes (Equities)

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 34
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Or
Order
der Ex
Executed
ecuted at Price/Siz
Price/Sizee
Order Executed at Price/Size messages are sent when a visible order on the Cboe book is
executed in whole or in part at a different price than the limit price on the original Add Order
message or the limit order price in the latest Modify Order message referencing the Order Id. If
the Remaining Quantity field contains a 0 the order should be completely removed from the book.

Table 16. Or
Order
der Ex
Executed
ecuted at Price/Siz
Price/Sizee

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x24 Order Executed at Price/Size message
Time offset 2 4 Binary Nanosecond offset from last unit timestamp
Order Id 6 8 Binary Order Id of a previously sent Add Order message that was
executed
Executed Quantity 14 4 Binary Number of shares/contracts executed
Remaining Quantity 18 4 Binary Number of shares/contracts remaining after the execution
Execution Id 22 8 Binary Cboe generated day-unique execution identifier of this
execution. Execution Id is also referenced in the Trade
Break message
Price 30 8 Binary Long Price The execution price of the order
Trade Condition 38 1 Alphanumeric Options Only (byte not sent in Equities)
See Options Trade Condition Codes on page 179 for details
about new codes.
Total Length = 39 bytes (Options), 38 bytes (Equities)

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 35
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Reduce Siz
Sizee Message Fields
Reduce Size messages are sent when a visible order on the Cboe book is partially reduced.

Table 17. Reduce Siz

Sizee (long)

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x25 Reduce Size message (long)
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Order Id 6 8 Binary Order Id of a previously sent Add Order message that has
been reduced
Canceled Quantity 14 4 Binary Number of shares/contracts canceled
Total Length = 18 bytes

Table 18. Reduce Siz

Sizee (shor
(short)
t)

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x26 Reduce Size message (short)
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Order Id 6 8 Binary Order Id of a previously sent Add Order message that has
been reduced
Canceled Quantity 14 2 Binary Number of shares/contracts canceled
Total Length = 16 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 36
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Modify Or
Order
der Message Fields
The Modify Order message is sent whenever an open order is visibly modified. The Order Id
refers to the Order Id of the original Add Order message.

Note that Modify Order messages that appear to be "No Ops" (i.e. they do not appear to modify
any relevant fields) will still lose priority.

Table 19. Modify (long)

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x27 Modify Order message (long)
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Order Id 6 8 Binary Order Id of a previously sent Add Order message that has
been modified
Quantity 14 4 Binary Number of shares/contracts associated with this order after
this modify (may be less than the number entered)
Price 18 8 Binary Long Price The limit order price after this modify
Modify Flags 26 1 Bit Field Bit 0 - Displa
Displayy
0 = Order is not aggregated in the Cboe SIP quote
1 = Order is aggregated in the Cboe SIP quote
Bit 1 - Maintain Priority
0 = Reset Priority
1 = Maintain Priority
Bits 2-7 Reser
Reservved
Total Length = 27 bytes

Table 20. Modify (shor

(short)
t)

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x28 Modify Order message (short)
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Order Id 6 8 Binary Order Id of a previously sent Add Order message that has
been modified
Quantity 14 2 Binary Number of shares/contracts associated with this order after
this modify (may be less than the number entered)
Price 16 2 Binary Short Price The limit order price after this modify
Modify Flags 18 1 Bit Field Bit 0 - Displa
Displayy
0 = Order is not aggregated in the Cboe SIP quote
1 = Order is aggregated in the Cboe SIP quote
Bit 1 - Maintain Priority
0 = Reset Priority
1 = Maintain Priority
Bits 2-7 Reser
Reservved
Total Length =19 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 37
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Delete Or
Order
der Message Fields
The Delete Order message is sent whenever a booked order is cancelled or leaves the order
book. The Order Id refers to the Order Id of the original Add Order message. An order that is
deleted from the book may return to the book later under certain circumstances. Therefore, a
Delete Order message does not indicate that a given Order Id will not be sent again on a
subsequent Add Order message.

Table 21. Delete

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x29 Delete Order message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Order Id 6 8 Binary Order Id of a previously sent Add Order message that has
been removed from order book.
Total Length = 14 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 38
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Trade Message Fields

The Trade message provides information about executions of non-displayed orders on the Cboe
book and routed executions to other trading centers. In options a Trade message can also be sent
when an auction executes against a non-displayed order, such as a contra response. Trade
messages are necessary to calculate Cboe execution-based data. Trade messages do not alter
the book and can be ignored if messages are being used solely to build a book.

No Add Order message is sent for hidden orders, and thus, no modify order messages may be
sent when hidden orders are executed. Instead, a Trade message is sent whenever a hidden or
routed order is executed in whole or in part. A Trade message is also sent when there is an
execution against any non-displayed portion of a reserve order. As with visible orders, hidden,
routed and reserve orders may be executed in parts. A complete view of all Cboe ex executions
ecutions can be
built b
byy combining all Or
Order
der Ex
Executed
ecuted messages and Trade messages.
The Order ID of a hidden order is obfuscated by default in the Trade message, but may be
optionally disseminated for a member’s own orders upon request. As such, partial executions
against the same hidden order will by default have different Order IDs.

Table 22. Trade (long)

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x2A Trade message (long)
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Order Id 6 8 Binary Obfuscated Order ID or Order Id of the executed order.
Side Indicator 14 1 Alphanumeric Always B=Buy Order regardless of resting side
Quantity 15 4 Binary Incremental number of shares/contracts executed
Symbol 19 6 Printable ASCII Symbol right padded with spaces.
Price 25 8 Binary Long Price The execution price of the order
Execution Id 33 8 Binary Cboe generated day-unique execution identifier of this trade.
Execution Id is also referenced in the Trade Break
message.
Trade Condition 41 1 Alphanumeric Options Only (byte not sent in Equities)
See Options Trade Condition Codes on page 179 section for
details about new codes.
Total Length = 42 bytes (Options only), 41 bytes (Equities only)

Table 23. Trade (shor

(short)
t)

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x2B Trade message (short)
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Order Id 6 8 Binary Obfuscated Order ID or Order Id of the executed order.
Side Indicator 14 1 Alphanumeric Always B=Buy Order regardless of resting side
Quantity 15 2 Binary Incremental Number of shares/contracts executed

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 39
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Symbol 17 6 Printable ASCII Symbol right padded with spaces.
Price 23 2 Binary Short Price The execution price of the order
Execution Id 25 8 Binary Cboe generated day-unique execution identifier of this trade.
Execution Id is also referenced in the Trade Break
message.
Trade Condition 33 1 Alphanumeric Options Only (byte not sent in Equities)
See Options Trade Condition Codes on page 179 section
for details about new codes.
Total Length = 34 bytes (Options only), 33 bytes (Equities only)

The following expanded version of the Trade message has been made available to accommodate
larger symbol sizes possible through the ISRA plan.

Table 24. Trade (expanded)

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x30 Trade message (long)
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Order Id 6 8 Binary Obfuscated Order ID or Order Id of the executed order.
Side Indicator 14 1 Alphanumeric Always B=Buy Order regardless of resting side
Quantity 15 4 Binary Incremental number of shares/contracts executed
Symbol 19 8 Printable ASCII Symbol right padded with spaces.
Price 27 8 Binary Long Price The execution price of the order
Execution Id 35 8 Binary Cboe generated day-unique execution identifier of this trade.
Execution Id is also referenced in the Trade Break
message.
Trade Condition 41 1 Alphanumeric Options Only (byte not sent in Equities)
See Options Trade Condition Codes on page 179section for
details about new codes.
Total Length = 44 bytes Options Only, 43 bytes Equities Only

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 40
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Trade Br
Break
eak Message Fields
The Trade Break message is sent whenever an execution on Cboe is broken. Trade breaks are
rare and only affect applications that rely upon Cboe execution-based data. Applications that
simply build a Cboe book can ignore Trade Break messages.

Table 25. Trade Br

Break
eak

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x2C Trade Break message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Execution Id 6 8 Binary Cboe execution identifier of the execution that was broken.
Execution Id refers to previously sent Order Executed or
Trade message.
Total Length = 14 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 41
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

End of Session Message Fields

The End of Session message is sent for each unit when the unit shuts down. No more
sequenced messages will be delivered for this unit, but heartbeats from the unit may be received.

Table 26. End of Session

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x2D End of Session message
Timestamp 2 4 Binary Nanosecond offset from last unit timestamp
Total Length = 6 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 42
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Symbol Mapping Message Fields (Options Only)

A Symbol Mapping message is used to map the 6 character multicast feed symbol field to an OSI
symbol and Underlying. These messages are not sequenced (sequence = 0) and are sent
continuously through the day at variable rates as bandwidth allows.

Members who consume the 5 Gig or 8 Gig-Shaped Multicast PITCH feeds will be able to receive the
full list of symbols in approximately 5 minutes, and will allow for optimal distribution in situations
where market data is susceptible to throttling as a result of high message burst rates.

Table 27. Symbol Mapping

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x2E Symbol Mapping message
Feed Symbol 2 6 Printable ASCII Symbol right padded with spaces.
OSI Symbol 8 21 Printable ASCII OSI Symbol
Symbol Condition 29 1 Alphanumeric N = Normal
C = Closing Only
Underlying 30 8 Alphanumeric Symbol of underlying equity right padded with spaces.
Total Length = 38 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 43
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Trading Status Message Fields

The Trading Status message is used to indicate the current trading status of a security. A
Trading Status message will be sent whenever a security’s trading status changes.

Equities

Trading Status of S is to be implied at system startup for all symbols. Starting at 6:00 a.m. ET, Cboe
will send a Trading Status of A once orders can be accepted for queuing in preparation for the market
open. At 7:00 a.m. ET, Cboe will send a Trading Status of T as symbols are open for trading on the
Cboe platform. On BZX and EDGX only, Cboe will send a Trading Status of A starting at 2:30 a.m. ET
and a Trading Status of T at 4:00 a.m. ET.

Sequenced Trading Status messages are sent upon system start up for all active securities
with Trading Status = 'S' (suspended). Trading Status messages will continue to be published
upon symbol state changes, such as at the beginning of order acceptance.
A Trading Status message will also be sent:
▪ for Regulatory Halts in any security as well as the Trading resumption for the same security.
▪ in the event of an Exchange specific Suspension.
▪ for Cboe Listed securities that are in a Quoting period for auctions.
▪ to indicate a Reg SHO price test is in effect.

Table 28. Trading Status ((E

Equities
quities))

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x31 Trading Status message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Symbol 6 8 Printable ASCII Symbol right padded with spaces.
Trading Status 14 1 Alpha A = Accepting Orders for Queuing (Equities only)
H = Halted
Q= Quote-Only
S = Exchange Specific Suspension
T = Trading
Reg SHO Action 15 1 Alphanumeric 0 = No price test in effect
1 = Reg SHO price test restriction in effect
Reserved1 16 1 Alpha Reserved
Reserved2 17 1 Alpha Reserved
Total Length = 18 bytes

Options

A Trading Status message will be sent for all securities as they transition through various
trading states.

Starting at 7:30 a.m. ET, Cboe will send a Trading Status of Q once orders can be accepted for
queuing in preparation for the RTH open. At or after 9:30 a.m. ET, Cboe will send a Trading Status of
© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 44
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

R (Opening Rotation) followed by a Trading Status of T as series are opened for trading. Cboe will
send a Trading Status of L as SPX or VIX series transition from RTH trading to Curb trading.

A Trading Status message will also be sent for a Regulatory Halt Quoting period in any series
where the underlying has experienced a Regulatory Halt as well as the Trading resumption for the
same series.

The Trading Status field will be used to represent the status of the RTH (9:30 a.m. ET - 4:15 p.m. ET)
and Curb sessions. The GTH Trading Status field will be used to represent the status of series that
trade during the GTH session. The GTH session runs from 8:15 p.m. to 9:25 a.m. ET for SPX, VIX,
and XSP series (C1 Options Only).

Table 29. Trading Status ((Options

Options))

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x31 Trading Status message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Symbol 6 6 Printable ASCII Symbol right padded with spaces.
Reserved 12 2 Reserved Reserved
Trading Status 14 1 Alpha H = Halted
L = Curb Trading(C1 Only)
Q= Quote-Only
R = Opening Rotation
T = RTH Trading
Reserved 15 1 Reserved Reserved
GTH Trading Status 16 1 Alpha H = Halted
(C1 Only) Q= Quote-Only
R = Opening Rotation
T = Trading
Reserved2 17 1 Alpha Reserved
Total Length = 18 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 45
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Width Update Message Fields (Options Only)

The Width Update message is used to communicate opening quote width multiplier. This
message will be sent in the event that the exchange decides to change the quote width multiplier
on a per underlying basis. For complete details on the opening collars see the US Options Opening
Process Specification.

Table 30. Width Update

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field.
Message Type 1 1 0xD2 Width Update message
Time Offset 2 4 Time Offset Nanosecond offset from last unit timestamp.
Underlying 6 8 Printable ASCII Underlying right padded with spaces.
Width Type 14 1 Alphanumeric R = Regular
V = Volatility
Multiplier 15 4 Multiplier Width multiplier
Total Length = 19 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 46
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Auction Update Message Fields (B

(BY
YX and BZX E
Equities
quities Only)
Auction Update messages are used to disseminate Cboe price and size information during
auctions for Cboe listed securities and for Cboe Market Close (CMC) crosses on BZX, and for
Periodic Auctions on BYX. Refer to the Cboe US Equities Auction Process specification for more
information on Cboe Auctions.

Cboe Auction Update messages support the Cboe Opening, Closing, Halt and IPO Auctions on
the BZX Exchange. Auction Update messages are sent ever
eryy 5 seconds during a Halt/IPO
Quote-Only period. Opening Auction Update messages are disseminated ever
eryy 5 seconds
between 8:00 and 9:30 a.m. ET. Cboe disseminates Closing Auction Update messages ever
eryy 5
seconds between 3:00 and 3:59 p.m. and ever
eryy 1 second between 3:59 and 4:00 p.m.

Auction Update messages will be disseminated after each CMC matching session is complete
for any symbol with matched CMC shares.The Buy Shares and Sell Shares fields will be equal and
indicate matched shares.

The BZX Auction Update message has the following format:

Table 31. Auction Update ((BZX

BZX E
Equities
quities))

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field.
Message Type 1 1 0x95 Auction Update message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp.
Stock Symbol 6 8 Printable ASCII Stock Symbol right padded with spaces.
Auction Type 14 1 Alphanumeric O= Opening Auction
C = Closing Auction
H = Halt Auction
I = IPO Auction
M= Cboe Market Close
Reference Price 15 8 Binary BBO Collared auction price (see Auction Process
Spec).
Buy Shares 23 4 Binary Number of shares on buy side at the Reference Price.
Shares matched for Cboe Market Close.
Sell Shares 27 4 Binary Number of shares on sell side at the Reference Price.
Shares matched for Cboe Market Close.
Indicative Price 31 8 Binary Price at which the auction book and the continuous
book would match.
Auction Only Price 39 8 Binary Price at which the auction book would match using
only Eligible Auction Orders (see Auction Process
Spec).
Total Length = 47 bytes

On the BYX Exchange, Auction Update messages will be sent out at a randomized time between
the start of an auction period and the end of the auction period minus 1 millisecond to inform
participants that a Periodic Auction is taking place. Auction Update messages will not include
order imbalance information or information for continuous book orders.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 47
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Table 32. Auction Update ((B

BYX E
Equities
quities))

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field.
Message Type 1 1 0x95 Auction Update message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp.
Stock Symbol 6 8 Printable ASCII Stock Symbol right padded with spaces.
Auction Type 14 1 Alphanumeric P=Periodic Auction
Reference Price 15 8 Binary Collared price at which the periodic auction would
trade. Calculated using orders eligible for periodic
auction.
Buy Shares 23 4 Binary Paired size of eligible periodic auction orders at the
Reference Price.
Sell Shares 27 4 Binary Paired size of eligible periodic auction orders at the
Reference Price.
Indicative Price 31 8 Binary N/A. Populated with zero.
Auction Only Price 39 8 Binary N/A. Populated with zero.
Total Length = 47 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 48
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Options A
Auction
uction Update Message Fields ((Options
Options Only
Only))
Options Auction Update messages are used to disseminate price and size information and
Composite Market bid and offer prices during Opening and Re-Opening (halt) auctions on the Cboe
Options Exchange. Options Auction Update messages are sent every five seconds during an
opening period provided that one of the field values has changed. When no values have changed, a
message is sent once every 60 seconds. Refer to the Cboe Options Opening Process specification
for more information.

The Options Auction Update message has the following format:

Table 33. Options A

Auction
uction Update

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field.
Message Type 1 1 0xD1 Options Auction Update message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp.
Symbol 6 8 Printable ASCII Symbol right padded with spaces.
Auction Type 14 1 Alphanumeric G = GTH Opening(C1 Only)
O= RTH Opening(C1 Only)
H = Halt Re-Opening
V = Volatility Opening
Reference Price 15 8 Binary Long Price Collared VMIM price computed on the queuing book
only.
Buy Contracts 23 4 Binary Cumulative Buy contracts at the Reference Price and
above.
Sell Contracts 27 4 Binary Cumulative Sell contracts at the Reference Price and
below.
Indicative Price 31 8 Binary Long Price Collared VMIM price computed on the combined
queueing book and the continuous book. Equal to
Reference Price for options that do not have a GTH
trading session.
Auction Only Price 39 8 Binary Long Price Uncollared VMIM price computed on the queuing book
only.
Opening Condition 47 1 Alphanumeric O= Would open
Q= Need quote to open
B = Need more buyers(C1 Only)
S = Need more sellers(C1 Only)
C = Crossed Composite Market
Composite Market Bid 48 8 Binary Long Price Bid Price of the prevailing Composite Market
Price
Composite Market Offer 56 8 Binary Long Price Offer Price of the prevailing Composite Market.
Price
Total Length = 64 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 49
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Auction Summar
Summaryy Message Fields (B
(BY
YX E
Equities,
quities, BZX E
Equities,
quities, and Options
Only)
Auction Summary messages are used to disseminate the results of an auction of a Cboe listed
security on BZX, the results of an Opening or Re-Opening of any options series on C1, and for
Periodic Auctions on BYX.

Cboe Auction Summary messages support the Cboe Opening, Closing, Halt and IPO Auctions on
the BZX Exchange. An Auction Summary message for each Cboe listed security is sent at the
conclusion of its Opening Auction at 9:30 a.m. and represents the Cboe official opening price. A
Closing Auction Summary message for each Cboe listed security is sent at the conclusion of its
closing auction at 4:00 p.m. and represents the Cboe official closing price. An IPO Auction
Summary message for each Cboe listed security is sent at the conclusion of the IPO Auction and
represents the official Cboe IPO opening price.

Auction Summary messages are also used in support of Opening and Re-Openings on the Cboe
Options Exchange, including those for both GTH and RTH sessions. These messages indicate the
price and size executed in such an Opening or Re-Opening. Refer to the Cboe Options Opening
Process specification for more information.

An Auction Summary message will be sent for Cboe Market Close (CMC) once the official
closing price for each security is available. The Price and Shares field will indicate the price of the
CMC matching session and the number of shares that were executed. If the official closing price is
updated after its initial publication, then another Auction Summary message will be disseminated
to reflect the updated price of the CMC matching session.

On the BYX Exchange, Auction Summary messages will be sent out upon conclusion of a
Periodic Auction. Auction Summary messages will provide the results of the Periodic Auction,
including the price and shares executed.

The Auction Summary message has the following format:

Table 34. Auction Summar

Summaryy

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field.
Message Type 1 1 0x96 Auction Summary message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp.
Stock Symbol 6 8 Printable ASCII Stock Symbol right padded with spaces.
Auction Type 14 1 Alphanumeric O= Opening Auction(C1 Only)
C = Closing Auction
G = GTH Opening(C1 Only)
H = Halt Auction
I = IPO Auction
M= Cboe Market Close
V = Volitility Auction
P = Periodic Auction(BYX Only)

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 50
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Price 15 8 Binary Long Price Auction price or CMC match price.
Shares/Contracts 23 4 Binary Cumulative number of shares/contracts executed
during the auction or CMC matching.
Total Length = 27 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 51
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Auction Notification Message Fields (C1 and EDGX Options Only)

Auction Notification messages are used to disseminate order details of an auction. Auctions
will be available for a defined period of time known as the exposure period.

Table 35. Auction Notification

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0xAD Auction Notification message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Symbol 6 6 Printable ASCII Symbol right padded with spaces.
Auction ID 12 8 Binary Day specific identifier assigned to this auction.
Auction Type 20 1 Alphanumeric B = Bats Auction Mechanism (BAM) (EDGX Only) or
AIM (C1 Only)
S = Solicitation Auction Mechanism(C1 Only)
T = Step Up Mechanism (SUM)
A = SUM All or None
Side 21 1 Alphanumeric B or S
Price 22 8 Binary Long Price For SUM this will reflect the NBBO price of the
opposite side of the auction at the time of entry.
For BAM and SAM this will reflect the limit price
specified on the order.
For SPX and SPXW AIM, this field will reflect the
auction start price (C1 Only). For all other AIM this
field will be zero.
Contracts 30 4 Binary Number of contracts available in the auction.
Customer Indicator 34 1 Alphanumeric N = Non-Customer
C = Customer
ParticipantID 35 4 Alphanumeric Executing Broker (optional) of firm attributed to this
quote
AuctionEndOffset 39 4 Binary Nanosecond offset from last timestamp
Client ID 43 4 Alphanumeric Optional user specified value attributed to this quote.
Total Length = 47 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 52
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Auction Cancel Message Fields (C1 and EDGX Options Only)

Auction Cancel messages are used to disseminate the cancelation of an earlier Auction
Notification message as a result of a user cancelation of the original order, a user modification
request to change the price or increase the original order quantity, a fading of the NBBO or to
cancel any remaining order quantity from the original Auction Notification messages
following the auction termination.

A user request to modify the order price or to increase the original order quantity will result in a
cancelation of the auction followed by a new Auction Notification message. Auction
Cancel messages will not be issued for order quantity decrements.

Table 36. Auction Cancel

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0xAE Auction Cancel message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Auction ID 6 8 Binary Day specific identifier assigned to this auction
Total Length = 14 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 53
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Auction T
Trrade Message Fields (C1 and EDGX Options Only)
Auction Trade messages are used to disseminate executions resulting from an options auction.

Table 37. Auction T

Trrade

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0xAF Auction Trade message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Auction ID 6 8 Binary Day specific identifier assigned to this auction
Execution ID 14 8 Binary Day specific identifier assigned to this execution
Price 22 8 Binary Long Price Trade price
Contracts 30 4 Binary Number of contracts traded
Total Length = 34 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 54
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Retail Price Impr

Improovement Message Fields (B
(BY
YX Ex
Exchange
change Only)
The Retail Price Improvement message is only available on the BYX Exchange. This
message is a Retail Liquidity Indicator (RLI) that includes symbol and side, but not price and size.
An RLI will be disseminated when there is a Retail Price Improving (RPI) order present for a symbol
on the BYX Exchange order book OR to indicate a RPI order is no longer available. RPI orders offer
price improvement in increments of $.001 to Retail Member Organizations.

BYX will disseminate a Retail Price Improvement message when the resting RPI order is
priced better than the NBBO.

The Retail Price Improvement message has the following format:

Table 38. Retail Price Impr

Improovement

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x98 Retail Price Improvement message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
Symbol 6 8 Printable ASCII Symbol right padded with spaces.
Retail Price 14 1 Alpha B = Buy Side RPI
Improvement S = Sell Side RPI
A = Buy & Sell RPI
N = No RPI
Total Length = 15 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 55
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

SOQ Strik
Strikee Range Update Message Fields (C1 Only)
The SOQ Strike Range Update message is only available on the C1 Exchange. This message
disseminates the minimum and maximum strike prices of the strike price range used to calculate
the Special Opening Quote (SOQ) on a Volatility Settlement date. In the event that multiple distinct
SOQ calculations occur on the same day, the applicable SOQ is differentiated by the SOQ Identifier
field, which is set to the CSMi symbol on which the final settlement SOQ value is disseminated.

The SOQ Strike Range Update message has the following format:

Table 39. SOQ Strik

Strikee Range Update

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x9D SOQ Strike Range Update message
Time offset 2 4 Time Offset Nanosecond offset from last unit timestamp
SOQ Identifier 6 20 Printable ASCII Dissemination symbol of the final SOQ right padded with
spaces.
Lower Strike Price 26 8 Binary Long Price SOQ lower strike price
Upper Strike Price 34 8 Binary Long Price SOQ upper strike price
Total Length = 42 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 56
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Constituent Symbol Mapping Message Fields (C1 Only)

The Constituent Symbol Mapping message is only available on the C1 Exchange. This
message is used to communicate which options series (if any) are Constituent Series in a Volatility
Settlement Special Opening Quote (SOQ). The message is identical to the Symbol Mapping
message with the addition of the SOQ Identifier field, which is set to the CSMi symbol on which the
final settlement SOQ value is disseminated. The Constituent Symbol Mapping message is
sent as an unsequenced message with one message sent for each Constituent Series in a
continuous loop as bandwidth allows.

The Constituent Symbol Mapping message has the following format:

Table 40. Constituent Symbol Mapping

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x9E Constituent Symbol Mapping message
Feed Symbol 2 6 Printable ASCII Symbol right padded with spaces
OSI Symbol 8 21 Printable ASCII OSI Symbol
Symbol Condition 29 1 Alphanumeric N = Normal
C = Closing Only
Underlying 30 8 Alphanumeric Symbol of underlying equity right padded with spaces
SOQ Identifier 38 20 Printable ASCII Dissemination symbol of the final SOQ right padded with
spaces.
Total Length = 58 bytes

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 57
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Or
Order
der Repr
Representation
esentation
Hidden Or
Orders
ders
Cboe obfuscates the OrderID for all trade messages generated from non-displayed liquidity on the
Cboe book, including executions from hidden orders. By default, OrderIDs on trade messages are
obfuscated in the data feed.

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Reser
Reservve Or
Orders
ders
To better protect reserve orders, Cboe handles executions against reserve orders as follows:

1. The displayed and non-displayed portions of an execution against a reserve order are
separated into two (2) executions on the PITCH feed.
2. One execution represents the displayed size and carries the displayed OrderID. This is reported
as an Execution (0x23) of the displayed portion of the order.
3. The second execution represents the hidden size executed and has an obfuscated OrderID so
that the displayed and hidden executions cannot be linked. This is reported by a Trade (0x2A,
0x2B, or 0x30) with the obfuscated OrderID.
4. The execution against the hidden portion of the order is reported after displayed, non-
displayed, and peg executions at the same price matching the Cboe Exchange Priority Rule
11.12.
5. When the displayed portion of the reserve order is refreshed, the order is assigned a new
OrderID on the PITCH feed. This is reported by an Add Order (0x21, 0x22, or 0x2F) when the
remainder is nonzero.

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Or
OrderID
derID Obfuscation Opt-out
Members who do not wish for their orders to be subject to the OrderID obfuscation defined in
Hidden Orders on page 58 and Reserve Orders on page 59 may opt-out at the port level, via request
to the Cboe Trade Desk. An opt-out will impact all Trade messages (0x2A, 0x2B, or 0x30)
generated from non-displayed liquidity on a given order.

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Spin Messages
Each of the following message types must be wrapped by an unsequenced unit header as
described in Sequenced Unit Header Message Fields on page 19.

Login
The Login message is the first message sent to the Spin Server by a user’s process after the
connection to the Spin Server is established. Failure to login before sending any other message
type will result in the connection being dropped by the Spin Server.

The format of the Login message for the Spin Server is identical to that of the GRP described in
Login Message Fields on page 22.

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Login Response
The Login Response message is sent by the Spin Server to a user’s process in response to a
Login message. The status field is used to reflect an accepted login or the reason the session was
not accepted. If login fails, the connection will be dropped after the Login Response message is
sent.

The format of the Login message for the Spin Server is identical to that of the GRP described in
Login Response Message Fields on page 23.

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Spin Image A
Avvailable Message Fields
The Spin Image Available message is sent once per second and indicates through what
sequence number a spin is available.

Table 41. Spin Image A

Avvailable

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x80 Spin Image Available message
Sequence 2 4 Binary Spin is available which is current through this sequence
number
Total Length = 6 bytes

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Spin Request Message Fields

The Spin Request message is used by a user’s process to request transmission of a spin of the
unit’s order book. See Options Specific Symbol Processing on page 12 for more complete details
regarding Sequence specification as well as buffering requirements.

Table 42. Spin Request

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x81 Spin Request message
Sequence 2 4 Binary Sequence number from a Spin Image Available
message received by the member
Total Length = 6 bytes

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Spin Response Message Fields

The Spin Response message is sent in response to a user’s Spin Request message indicating
whether a spin will be sent.

Table 43. Spin Response Message Fields

SPIN RESPONSE

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x82 Spin Response message
Sequence 2 4 Binary Sequence number from a Spin Image Available
message received by the member
Order Count 6 4 Binary Number of Add Order messages which will be contained
in this spin
Status 10 1 Alphanumeric Accepted or reason for reject. All non-'A' status codes
should be interpreted as a reject.
A = Accepted
O = Out of range (Sequence requested is greater than
Sequence available by the next spin)
S = Spin already in process (only one spin can be running
at a time)
Total Length = 11 bytes

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Spin Finished Message Fields

The Spin Finished message is sent to indicate that all messages for the spin requested have
been sent. A Spin Finished message is only sent if a Spin Request message was not
rejected. Upon receipt of a Spin Finished message, any buffered multicast messages should be
applied to the member’s copy of the book to make it current.

Table 44. Spin Finished

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x83 Spin Finished message
Sequence 2 4 Binary Sequence number from the Spin Request message
Total Length = 6 bytes

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Instrument Definition Request Message Fields

The Instrument Definition Request message is used by a user’s process to request
transmission of this unit’s Symbol Mappings and Complex Instrument Definitions. Refer to Options
Specific Symbol Processing on page 12 for more complete details regarding Sequence specification
as well as buffering requirements.

Table 45. Instrument Definition Request

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x84 Instrument Definition Request message
Sequence 2 4 Binary Must be 0. Only the current Symbol Mappings and Complex
Instrument Definitions are available.
Total Length = 6 bytes

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Instrument Definition Response Message Fields

The Instrument Definition Response message is sent in response to a user’s Instrument
Definition Request message indicating whether a spin will be sent.

Table 46. Instrument Definition Response Message Fields

INSTRUMEN
INSTRUMENTT DEFINI
DEFINITION
TION RESPONSE

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x85 Instrument Definition Response message
Sequence 2 4 Binary Will always be 0.
Instrument Count 6 4 Binary Number of Symbol Mapping and Complex
Instrument Definition messages (if applicable)
which will be contained in this spin
Status 10 1 Alphanumeric Accepted or reason for reject. All non-'A' status codes
should be interpreted as a reject.
A = Accepted
O = Out of range (Sequence must be 0)
S = Spin already in process (only one spin can be running
at a time)
Total Length = 11 bytes

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Instrument Definition Finished Message Fields

The Instrument Definition Finished message is sent to indicate that all Symbol
Mapping and Complex Instrument Definition messages for this unit have been sent. An
Instrument Definition Finished message is only sent if an Instrument Definition
Request message was not rejected.

Table 47. Instrument Definition Finished

FIELD N
NAME
AME OFFSE
OFFSETT LENGTH TYPE/(
YPE/(VVAL
ALUE)
UE) DESCRIPTION
Length 0 1 Binary Length of this message including this field
Message Type 1 1 0x86 Instrument Definition Finished message
Total Length = 2 bytes

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Spin Ser
Servver Usage Example
The figure below shows the exchange of messages over time between a member and Cboe’s
Multicast PITCH feed and spin server. Note that while the example alone may seem to imply Add
Order messages only would be sent on a spin, this is not the case. Trading Status message
may be sent at the beginning of the spin session and Auction Update messages may be found
mixed between Add Order messages according to their timestamps.

At time 1, the member has no state of the book and desires to become current. The member
caches the received Multicast PITCH messages (sequences 310172 and 310173) for later use.
Since the member has no book, they cannot yet be applied.

At time 5, the member has successfully logged into the Spin Server and has cached another
message, sequence 310174.

At time 7, the member receives a Spin Image Available message which indicates that the spin
server is capable of giving them a spin of all open orders as of sequence 310169. The member
does not have all messages cached after 310169 (they are missing 310170 and 310171), so this
spin is not useful to the member.

At time 10, the member receives a Spin Image Available message which is useful since it
would be a spin of all orders up to and including sequence 310175 and the member has all
messages after 310175 cached.

At time 11, the member sends a Spin Request message for all messages up to and including
310175 and continues to cache Multicast PITCH messages received.

At time 14, the spin server acknowledges the spin request and indicates that three open orders will
be sent.

At time 24, the spin server indicates that it has finished sending all open orders. The member must
then apply the cached messages from sequence number 310176 through current.

Notes:
▪ Spin Servers are available for each unit. Members may need to employ multiple Spin Servers
depending upon their architecture.
▪ As a rule of thumb, in its equities markets Cboe typically has ~400,000 open orders across all
units, or an average of about 12,500 orders per unit. In options, Cboe typically has greater the
3.2 million open orders across all units, or an average of about 100,000 orders per unit. The
actual number per unit varies depending upon activity in individual symbols. Expect this
number to increase and plan accordingly.

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Spin Ser
Servver Rollo
Rollovver Usage Example
The diagram below shows the exchange of messages over time between a member and Cboe’s
Multicast PITCH feed and spin server during rollover.

At time 1, the member has no state of the book and desires to become current. The member
caches the received Multicast PITCH messages (sequences 4,294,967,294 and 4,294,967,295) for
later use. Since the member has no book, they cannot yet be applied.

At time 5, the member has successfully logged into the Spin Server and has cached another
message, sequence 1 (the sequence number has rolled over).

At time 7, the member receives Spin Image Available message which indicates that the spin
server is capable of giving them a spin of all open orders as of sequence 4,294,967,291. The
member does not have all messages cached after 4,294,967,291 (they are missing 4,294,967,292
and 4,294,967,293), so this spin is not useful to the member.

At time 10, the sequence number has rolled over and the member receives a Spin Image
Available message with sequence number 2. This is useful since it would be a spin of all orders
up to and including rolled over sequence 2, and the member has all messages starting at
4,294,967,294 cached.

At time 11, the member sends a Spin Request message for all messages up to and including 2
and continues to cache Multicast PITCH messages received.

At time 14, the spin server acknowledges the spin request and indicates that three open orders will
be sent.

At time 24, the spin server indicates that it has finished sending all open orders. The member must
then apply the cached messages from sequence number 3 through current.

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Message T
Types
ypes
Gap Request Pr
Prooxy Messages

0x01 Login
0x02 Login Response
0x03 Gap Request
0x04 Gap Response

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Spin Ser
Servver Messages

0x01 Login
0x02 Login Response
0x80 Spin Image Available
0x81 Spin Request
0x82 Spin Response
0x83 Spin Finished
0x84 Instrument Definition Request
0x85 Instrument Definition Response
0x86 Instrument Definition Finished

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

PI
PITTCH 2.X Messages

0xB1 Time Reference (C1 Options Only)

0x20 Time
0x97 Unit Clear
0xBC Transaction Begin
0xBD Transaction End
0x21 Add Order - Long
0x22 Add Order - Short
0x2F Add Order - Expanded
0x23 Order Executed
0x24 Order Executed at Price/Size
0x25 Reduce Size - Long
0x26 Reduce Size - Short
0x27 Modify Order - Long
0x28 Modify Order - Short
0x29 Delete Order
0x2A Trade - Long
0x2B Trade - Short
0x30 Trade - Expanded
0x2C Trade Break
0x2D End of Session
0x2E Symbol Mapping
0x31 Trading Status
0xD2 Width Update
0x95 Auction Update
0xD1 Options Auction Update
0x96 Auction Summary
0xAD Auction Notification
0xAE Auction Cancel
0xAF Auction Trade
0x98 Retail Price Improvement
0x9D SOQ Strike Range Update
0x9E Constituent Symbol Mapping

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Example Messages
Each of the following message types must be wrapped by a sequenced or unsequenced unit header
as described in Sequenced Unit Header Message Fields on page 19. Note that in the following
examples, each byte is represented by two hexadecimal digits.

Sequenced Unit Header with 2 Messages

Table 48. Sequenced Unit Header with 2 Messages
Sequenced Unit Header Message Example
Hdr Length 31 00 50 bytes, including header
Hdr Count 02 2 messages to follow
Hdr Unit 01 Unit 1
Hdr Sequence 01 00 00 00 First message has sequence
number 1
Message 1: Add Order Message Example (Short)
Length 1A 26 bytes
Message format 22 Add Order – Short
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Side Indicator 42 Buy
Quantity E1 02 737 shares
Symbol 5A 56 5A 5A 54 20 ZVZZT
Price 01 00 0.01
Flags 01 Display
Message 2: Reduce Size Message Example (Short)
Length 10 16 bytes
Message format 26 Reduce Size – Short
Time offset E8 D9 06 00 449,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Canceled Quantity E1 02 737 shares

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Login Message Example

Table 49. Login Message Example
Length 16 22 bytes
Type 01 Login
SessionSubId 30 30 30 31 "0001"
Username 46 49 52 4D "FIRM"
Filler 20 20 " "
Password 41 42 43 44 30 30 20 20 20 "ABCD00"
20

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Login Response Message Example

Table 50. Login Response Message Example
Length 03 3 bytes
Type 02 Login Response
Status 41 Login accepted

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Gap Request Message Example

Table 51. Gap Request Message Example
Length 09 9 bytes
Type 03 Gap Request
Unit 01 Unit 1
Sequence 3B 10 00 00 First message:4155
Count 32 00 50 messages

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Gap Response Message Example

Table 52. Gap Response Message Example
Length 0A 10 bytes
Type 04 Gap Response
Unit 01 Unit 1
Sequence 3B 10 00 00 First message:4155
Count 32 00 50 messages
Status 41 Accepted

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Spin Image A
Avvailable Message Example
Table 53. Spin Image A
Avvailable Message Example
Length 06 6 bytes
Type 80 Spin Image Available
Sequence 3B 10 00 00 Sequence: 4155

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Spin Request Message Example

Table 54. Spin Response Message Example
Length 06 6 bytes
Type 81 Spin Request
Sequence 3B 10 00 00 Sequence: 4155

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Spin Response Message Example

Table 55. Spin Response Message Example
Length 0B 11 bytes
Type 82 Spin Request
Sequence 3B 10 00 00 Sequence: 4155
Order Count 42 00 00 00 66 orders
Status 41 Accepted

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Spin Finished Message Example

Table 56. Spin Finished Message Example
Length 06 6 bytes
Type 83 Spin Finished
Sequence 3B 10 00 00 Sequence: 4155

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Instrument Definition Request Message Example

Table 57. Instrument Definition Request Message Example
Length 06 6 bytes
Type 84 Instrument Definition
Request
Sequence 00 00 00 00 Sequence: 0

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Instrument Definition Response Message Example

Table 58. Instrument Definition Response Message Example
Length 0B 11 bytes
Type 85 Instrument Definition
Response
Sequence 00 00 00 00 Sequence: 0
Instrument Count B8 0B 00 00 3,000 Instruments
Status 41 Accepted

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Instrument Definition Finished Message Example

Table 59. Instrument Definition Finished Message Example
Length 02 2 bytes
Type 86 Instrument Definition
Finished

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Time Ref
Refer
erence
ence Message Example (C1 Options Only)
Table 60. Time Ref
Refer
erence
ence Message Example (C1 Options Only)
Length 12 18 bytes
Type B1 Time Reference
Midnight Reference D0 8B 34 60 2021-02-23 00:00:00
Eastern (1614056400
seconds since the Epoch)
Time 00 E1 00 00 16:00:00
Time Offset 00 00 00 00 Exactly 16:00:00
Trade Date 2F 62 34 01 2021-02-23 February 23,
2021

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Time Message Example

Table 61. Time Message Example
Length 06 6 bytes
Type 20 Time
Time 98 85 00 00 34,200 seconds = 09:30 AM
Eastern

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Time Message Example (Options Only)

Table 62. Time Message Example (Options Only)
Length 0A 10 bytes
Type 20 Time
Time 98 85 00 00 34,200 seconds = 09:30 AM
Eastern
Epoch Time (C1 Only) 68 11 35 60 1,614,090,600 seconds
Since the Epoch

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Unit Clear Message Example

Table 63. Unit Clear Message Example
Length 06 6 bytes
Type 97 Unit Clear
Time offset 18 D2 06 00 447,000 ns since last Time
Message

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Add Or
Order
der - Long Message Example
Table 64. Add Or
Order
der - Long Message Example
Length 22 34 bytes
Type 21 Add Order – Long
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Side Indicator 42 Buy
Quantity 20 4E 00 00 20,000 shares
Symbol 5A 56 5A 5A 54 20 ZVZZT
Price 5A 23 00 00 00 00 00 00 $0.9050
AddBitField1 01 Displayed

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Add Or
Order
der - Shor
Shortt Message Example
Table 65. Add Or
Order
der - Shor
Shortt Message Example
Length 1A 26 bytes
Type 22 Add Order – Short
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Side Indicator 42 Buy
Quantity 20 4E 20,000 shares
Symbol 5A 56 5A 5A 54 20 ZVZZT
Price E8 A3 0F 00 00 00 00 00 $102.50
AddBitField1 01 Displayed

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Add Or
Order
der - Expanded (E
(Equities)
quities) Message Example
Table 66. Add Or
Order
der - Expanded (E
(Equities)
quities) Message Example
Length 29 41 bytes
Type 2F Add Order – Expanded
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Side Indicator 42 Buy
Quantity 20 4E 00 00 20,000 shares
Symbol 5A 56 5A 5A 54 20 20 20 ZVZZT
Price 5A 23 00 00 00 00 00 00 $0.9050
AddBitField1 01 Displayed
MPID 4D 50 49 44 MPID
Customer Indicator 4E Non-Customer

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Or
Order
der Ex
Executed
ecuted (Options) Message Example
Table 67. Or
Order
der Ex
Executed
ecuted (Options) Message Example
Length 1B 27 bytes
Type 23 Order Executed
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Executed Quantity 64 00 00 00 100 shares
Execution Id 34 2B 46 E0 BB 00 00 00 0AAP09VEC
Trade Condition 53 S = ISO

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Or
Order
der Ex
Executed
ecuted (E
(Equities)
quities) Message Example
Table 68. Or
Order
der Ex
Executed
ecuted (E
(Equities)
quities) Message Example
Length 1A 26 bytes
Type 23 Order Executed
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Executed Quantity 64 00 00 00 100 shares
Execution Id 34 2B 46 E0 BB 00 00 00 0AAP09VEC

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Or
Order
der Ex
Executed
ecuted at Price/Siz
Price/Sizee (Options) Message Example
Table 69. Or
Order
der Ex
Executed
ecuted at Price/Siz
Price/Sizee (Options) Message Example
Length 27 39 bytes
Type 24 Order Executed at Price/
Size
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Executed Quantity 64 00 00 00 100 shares
Remaining Quantity BC 4D 00 00 19,900 shares
Execution Id 34 2B 46 E0 BB 00 00 00 0AAP09VEC
Price E8 A3 0F 00 00 00 00 00 $102.50
Trade Condition 20 (space) = Normal

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Or
Order
der Ex
Executed
ecuted at Price/Siz
Price/Sizee (E
(Equities)
quities) Message Example
Table 70. Or
Order
der Ex
Executed
ecuted at Price/Siz
Price/Sizee (E
(Equities)
quities) Message Example
Length 26 38 bytes
Type 24 Order Executed at Price/
Size
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Executed Quantity 64 00 00 00 100 shares
Remaining Quantity BC 4D 00 00 19,900 shares
Execution Id 34 2B 46 E0 BB 00 00 00 0AAP09VEC
Price E8 A3 0F 00 00 00 00 00 $102.50

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Reduce Siz
Sizee - Long Message Example
Table 71. Reduce Siz
Sizee - Long Message Example
Length 12 18 bytes
Type 25 Reduce Size – Long
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Canceled Quantity F8 24 01 00 75,000 shares

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Reduce Siz
Sizee - Shor
Shortt Message Example
Table 72. Reduce Siz
Sizee - Shor
Shortt Message Example
Length 10 16 bytes
Type 26 Reduce Size – Short
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Canceled Quantity 64 00 100 shares

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Modify Or
Order
der - Long Message Example
Table 73. Modify Or
Order
der - Long Message Example
Length 1B 27 bytes
Type 27 Modify Order – Long
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Quantity F8 24 01 00 75,000 shares
Price E8 A3 0F 00 00 00 00 00 $102.50
ModifyBitField1 03 Displayed & Maintains
Priority

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Modify Or
Order
der - Shor
Shortt Message Example
Table 74. Modify Or
Order
der - Shor
Shortt Message Example
Length 13 19 bytes
Type 28 Modify Order – Short
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Quantity 64 00 100 shares
Price 0A 28 $102.50
ModifyBitField1 03 Displayed & Maintains
Priority

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Delete Or
Order
der Message Example
Table 75. Delete Or
Order
der Message Example
Length 0E 14 bytes
Type 29 Delete Order
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Trade - Long (Options) Message Example

Table 76. Trade - Long (Options) Message Example
Length 2A 42 bytes
Type 2A Trade – Long
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Side 42 Buy
Quantity F8 24 01 00 75,000 shares
Symbol 5A 56 5A 5A 54 20 ZVZZT
Price E8 A3 0F 00 00 00 00 00 $102.50
Execution Id 34 2B 46 E0 BB 00 00 00 0AAP09VEC
Trade Condition 53 S = Spread

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Trade - Long (E
(Equities)
quities) Message Example
Table 77. Trade - Long (E
(Equities)
quities) Message Example
Length 29 41 bytes
Type 2A Trade – Long
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Side 42 Buy
Quantity F8 24 01 00 75,000 shares
Symbol 5A 56 5A 5A 54 20 ZVZZT
Price E8 A3 0F 00 00 00 00 00 $102.50
Execution Id 34 2B 46 E0 BB 00 00 00 0AAP09VEC

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 106
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Trade - Shor
Shortt (Options) Message Example
Table 78. Trade - Shor
Shortt (Options) Message Example
Length 22 33 bytes
Type 2B Trade – Short
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Side 42 Buy
Quantity 64 00 100 shares
Symbol 5A 56 5A 5A 54 20 ZVZZT
Price 0A 28 $102.50
Execution Id 34 2B 46 E0 BB 00 00 00 0AAP09VEC
Trade Condition 20 (space) = Normal

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Trade - Shor
Shortt (E
(Equities)
quities) Message Example
Table 79. Trade - Shor
Shortt (E
(Equities)
quities) Message Example
Length 21 33 bytes
Type 2B Trade – Long
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Side 42 Buy
Quantity 64 00 100 shares
Symbol 5A 56 5A 5A 54 20 ZVZZT
Price 0A 28 $102.50
Execution Id 34 2B 46 E0 BB 00 00 00 0AAP09VEC

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 108
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Trade - Expanded (Options) Message Example

Table 80. Trade - Expanded (Options) Message Example
Length 2B 43 bytes
Type 30 Trade – Expanded
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Side 42 Buy
Quantity F8 24 01 00 75,000 shares
Symbol 5A 56 5A 5A 54 20 20 20 ZVZZT
Price E8 A3 0F 00 00 00 00 00 $102.50
Execution Id 34 2B 46 E0 BB 00 00 00 0AAP09VEC
Trade Condition 53 S = Spread

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Trade - Expanded (E
(Equities)
quities) Message Example
Table 81. Trade - Expanded (E
(Equities)
quities) Message Example
Length 2B 43 bytes
Type 30 Trade – Expanded
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Order Id 05 40 5B 77 8F 56 1D 0B 631WC4000005
Side 42 Buy
Quantity F8 24 01 00 75,000 shares
Symbol 5A 56 5A 5A 54 20 20 20 ZVZZT
Price E8 A3 0F 00 00 00 00 00 $102.50
Execution Id 34 2B 46 E0 BB 00 00 00 0AAP09VEC

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 110
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Trade Br
Break
eak Message Example
Table 82. Trade Br
Break
eak Message Example
Length 0E 14 bytes
Type 2C Trade Break
Time Offset 18 D2 06 00 447,000 ns since last Time
Message
Execution Id 34 2B 46 E0 BB 00 00 00 0AAP09VEC

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

End of Session Message Example

Table 83. End of Session Message Example
Length 06 6 bytes
Type 2D End of Session
Time Offset 18 D2 06 00 447,000 ns since last Time
Message

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 112
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Symbol Mapping Message Example

Table 84. Symbol Mapping Message Example
Length 26 38 bytes
Type 2E Symbol Mapping Message
Feed Symbol 30 30 6D 45 56 4F 00mEVO
OSI Symbol 4D 53 46 54 20 20 31 39 30 MSFT 190920C00150000
39 32 30 43 30 30 31 35 30
30 30 30
Symbol Condition 4E 'N' – Normal
Underlying 4D 53 46 54 20 20 20 20 MSFT

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Trading Status Message (E

(Equities)
quities) Message Example
Table 85. Trading Status Message ((E
Equities
quities)) Message Example
Length 12 18 bytes
Type 31 Trading Status
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Symbol 5A 56 5A 5A 54 20 20 20 ZVZZT
Halt Status 54 T = Trading
Reg SHO Action 30 0 = No price test
Reserved1 20
Reserved2 20

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Trading Status Message (Options) Message Example

Table 86. Trading Status Message ((Options
Options)) Message Example
Length 12 18 bytes
Type 31 Trading Status
Time Offset 18 D2 06 00 447,000 ns since last Time
Message
Symbol 39 39 38 38 37 37 998877
Reserved 20 20 Reserved
Trading Status 54 T = Trading
Reserved 20 Reserved
Global Trading Hours 48 H = Halted
Status
Reserved 20 Reserved

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Width Update Message (Options) Example

Table 87. Width Update Message (Options) Message Example
Length 13 19 bytes
Type D2 Width Update
Time Offset 18 D2 06 00 447,000 ns since last Time
Message
Underlying 5A 56 5A 5A 54 20 20 20 ZVZZT
Width Type 52 R = Regular
Multiplier 0F 00 00 00 Multiplier of 1.5

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Auction Notification Message Example (C1 and EDGX Options Only)

Table 88. Auction Notification Message Example (C1 and EDGX Options Only)
Length 2F 47 bytes
Type AD Auction Notification
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Symbol 30 30 6D 45 56 4F 00mEVO
Auction ID 05 40 5B 77 8F 56 1D 0B 631WC4000005
Auction Type 54 T = SUM
Side 42 B = Buy Side
Prc E8 A3 0F 00 00 00 00 00 $102.50
Contracts 64 00 00 00 100 contracts
Customer Indicator 43 C = Customer
ParticipantID 45 46 49 44 EFID
Auct. End Offset 38 73 0E 00 947,000 ns since last Time
Message
Client ID 43 4C 49 44 CLID

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Auction Cancel Message Example (C1 and EDGX Options Only)

Table 89. Auction Cancel Message Example (C1 and EDGX Options Only)
Length 0E 14 bytes
Type AE Auction Cancel
Time Offset 18 D2 06 00 447,000 ns since last Time
Message
Auction ID 05 40 5B 77 8F 56 1D 0B

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Auction T
Trrade Message Example (C1 and EDGX Options Only)
Table 90. Auction T
Trrade Message Example (C1 and EDGX Options Only)
Length 22 34 bytes
Type AF Auction Trade
Time Offset 18 D2 06 00 447,000 ns since last Time
Message
Auction ID 05 40 5B 77 8F 56 1D 0B
Execution Id 34 2B 46 E0 BB 00 00 00 0AAP09VEC
Prc E8 A3 0F 00 00 00 00 00 $102.50
Contracts 64 00 00 00 100 contracts

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 119
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Auction Update Message Example (BZX E

Equities)
quities)
Table 91. Auction Update Message Example (BZX E
Equities)
quities)
Length 2F 47 bytes
Type 95 Auction Update
Time offset 18 D2 06 00 447,000 ns since last Time
Message
Symbol 5A 56 5A 5A 54 20 20 20 ZVZZT
Auction Type 49 I = IPO
Reference Prc E8 A3 0F 00 00 00 00 00 $102.50
Buy Side Shrs F8 24 01 00 75,000 shares
Sell Side Shrs 20 4E 00 00 20,000 shares
Indicative Prc E8 A3 0F 00 00 00 00 00 $102.50
Auct. Only Prc E8 A3 0F 00 00 00 00 00 $102.50

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 120
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Auction Update Message Example (B

(BY
YX)
Table 92. Auction Update Message Example (B
(BY
YX)
Length 2F 47 bytes
Type 95 Auction Update
Time Offset 18 D2 06 00 447,000 ns since last Time
Message
Symbol 5A 56 5A 5A 54 20 20 20 ZVZZT
Auction Type 50 P = Periodic Auction
Reference Prc A4 0D 03 00 00 00 00 00 n/a, set to zero
Buy Side Shrs F4 01 00 00 500 shares paired
Sell Side Shrs F4 01 00 00 500 shares paired
Indicative Prc 00 00 00 00 00 00 00 00 n/a, set to zero
Auct. Only Prc 00 00 00 00 00 00 00 00 n/a, set to zero

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Options A
Auction
uction Update Message Example (Options Only)
Table 93. Options A
Auction
uction Update Message Example (Options Only)
Length 40 64 bytes
Type D1 Options Auction Update
Time Offset 18 D2 06 00 447,000 ns since last Time
Message
Symbol 30 30 6D 45 56 4F 20 20 00mEVO
Auction Type 56 Volatility Auction
Reference Price E8 A3 0F 00 00 00 00 00 $102.50
Buy Contracts 64 00 00 00 100 Contracts
Sell Contracts C8 00 00 00 200 Contracts
Indicative Price E8 A3 0F 00 00 00 00 00 $102.50
Auction Only Price E8 A3 0F 00 00 00 00 00 $102.50
Opening Condition 4F O = Would Open
Composite Market Bid Price 50 69 0F 00 00 00 00 00 $101.00
Composite Market Offer 70 B7 0F 00 00 00 00 00 $103.00
Price

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Auction Summar
Summaryy Message Example (B
(BY
YX E
Equities,
quities, BZX E
Equities,
quities, and Options
Only)
Table 94. Auction Summar
Summaryy Message Example (B
(BY
YX E
Equities,
quities, BZX E
Equities,
quities, and Options Only)
Length 1B 27 bytes
Type 96 Auction Summary
Time Offset 18 D2 06 00 447,000 ns since last Time
Message
Symbol 30 30 6D 45 56 5F 20 20 00mEVO
Auction Type 4F RTH Opening
Price E8 A3 0F 00 00 00 00 00 $102.50
Quantity 4B 00 00 00 75

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Retail Price Impr

Improovement Message Example (B
(BY
YX Ex
Exchange
change Only)
Table 95. Retail Price Impr
Improovement Message Example (B
(BY
YX Ex
Exchange
change Only)
Length 0F 15 bytes
Type 98 Retail Price Improvement
Time Offset 18 D2 06 00 447,000 ns since last Time
Message
Symbol 5A 56 5A 5A 54 20 20 20 ZVZZT
RPI 41 Buy & Sell RPI

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

SOQ Strik
Strikee Range Update Message Example (C1 Only)
Table 96. SOQ Strik
Strikee Range Update Message Example (C1 Only)
Length 2A 42 bytes
Type 9D SOQ Strike Range Update
Time offset 18 D2 06 00 447,000 ns since last Time
Message
SOQ Identifier 56 58 53 20 20 20 20 20 20 VXS
20 20 20 20 20 20 20 20 20
20 20
Lower Strike Price 40 66 03 01 00 00 00 00 $1,700
Upper Strike Price 00 48 E8 01 00 00 00 00 $3,200

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Constituent Symbol Mapping Message Example (C1 Only)

Table 97. Constituent Symbol Mapping Message Example (C1 Only)
Length 3A 58 bytes
Type 9E Constituent Symbol Mapping
Message
Feed Symbol 30 30 6D 45 56 4F 00mEVO
OSI Symbol 53 50 58 57 20 20 31 39 30 SPXW 190927C02390000
39 32 37 43 30 32 33 39 30
30 30 30
Symbol Condition 4E 'N' – Normal
Underlying 53 50 58 20 20 20 20 20 SPX
SOQ Identifier 56 58 53 20 20 20 20 20 20 VXS
20 20 20 20 20 20 20 20 20
20 20

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Multicast Configur
Configuration
ation
US E
Equities
quities Pr
Production
oduction Envir
Environment
onment Configur
Configuration
ation
Limitations/Configur
Limitations/Configurations
ations - Pr
Production
oduction
The following table defines Cboe current configuration for network and gap request limitations.
These limitations are session based. Cboe reserves the right to adjust the gap request limitations
to improve the effectiveness of the gap request infrastructure.

Table 98. Limitations/Configur

Limitations/Configurations
ations - Pr
Production
oduction

PERIOD/T
PERIOD/TYPE
YPE LIMI
LIMIT/SE
T/SET
TTING NO
NOTES
TES
MTU 1500 Cboe will send UDP messages up to 1500 bytes. Members should
ensure that their infrastructure is configured accordingly.
Gig-Shaped Throttle 1 Gb/s The real-time and gap multicast head ends are configured to shape
WAN-Shaped Throttle 100 Mb/s their output to this level to minimize packet loss.
Gap Response Delay 2 ms The Gap Server will delay resending sequenced messages via
multicast for the specified limit in order to satisfy multiple GRP gap
requests with one multicast response.
Count 100 Any single gap request may not be for more than this number of
dropped messages.
1 Second 320 Requests This is the maximum number of retransmission requests allowed per
second for each session. This is renewed every clock second.
1 Minute 1500 Requests This is the maximum number of retransmission requests allowed per
minute for each session. This is renewed every clock minute.
Day 100,000 Requests This is the maximum number of retransmission requests allowed per
day for each session.
Within Range 1,000,000 Messages Users’ retransmission requests must be within this many messages of
the most recent sequence sent by the real-time feed per session.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 127
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

BYX/EDGA/EDGX Unit/Symbol Distribution

The following table describes the Cboe symbol distribution across units.

Table 99. BYX/EDGA/EDGX Unit/Symbol Distribution - Pr

Production
oduction

UNI
UNITT SYMBOL RANGE ST
STAR
ART
T
1 A
2 AIV
3 AT
4 BIE
5 CAU
6 CNP
7 CXX
8 DRJ
9 ELT
10 EX
11 FNW
12 GLE
13 HEI
14 IEM
15 IWF
16 JPN
17 LNC
18 MIN
19 NE
20 OGT
21 PGB
22 QLE
23 RSX
24 SHQ
25 SPZ
26 TDC
27 TSR
28 URJ
29 VLO
30 WEB
31 XLF
32 All Cboe Listed Securities

Note - Cboe reserves the right to add units and/or change symbol distribution with 48 hours of
notice and no migration period. Notice will be given that the distribution will change on a certain
date. Care should be taken to support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 128
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

BZX Unit/Symbol Distribution

The following table describes the Cboe symbol distribution across units for BZX Exchange. Note
that the unit distribution differs from other Cboe US Equity Exchanges as a result of additional
Matching Units that have been allocated specifically to the BZX Exchange platform in support of
Cboe Listed Securities.

Table 100. BZX Unit/Symbol Distribution - Pr

Production
oduction

UNI
UNITT SYMBOL RANGE UNI
UNITT SYMBOL RANGE
1 A-AIUZZ 19 NE-OGSZZ
2 AIV-ASZZZ 20 OGT-PGAZZ
3 AT-BIDZZ 21 PGB-QLDZZ
4 BIE-CATZZ 22 QLE-RSWZZ
5 CAU-CNOZZ 23 RSX-SHPZZ
6 CNP-CXWZZ 24 SHQ-SPYZZ
7 CXX-DRIZZ 25 SPZ-TDBZZ
8 DRJ-ELSZZ 26 TDC-TSQZZ
9 ELT-EWZZZ 27 TSR-URIZZ
10 EX-FNVZZ 28 URJ-VLNZZ
11 FNW-GLDZZ 29 VLO-WEAZZ
12 GLE-HEHZZ 30 WEB-XLEZZ
13 HEI-IELZZ 31 XLF-ZZZZZ
14 IEM-IWEZZ 32* All non-IPO Cboe corporate listings and all
15 IWF-JPMZZ 33* Cboe Listed ETPS. Specific unit assignments
16 JPN-LNBZZ 34* may be obtained via the CSV file generated
each morning at 2 a.m. ET daily.
17 LNC-MIMZZ 35* All IPO Cboe corporate listings and test
symbols ZBZX, ZTEST.
18 MIN-NDZZZ

*Unit ONLY supports Cboe Listed Securities.

Note - Cboe reserves the right to add units and/or change symbol distribution with 48 hours of
notice and no migration period. Notice will be given that the distribution will change on a certain
date. Care should be taken to support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 129
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

BZX Multicast Routing P

Par
arameters
ameters

Table 101. BZX Multicast Routing P

Par
arameters
ameters - Pr
Production
oduction

DATA CEN
CENTER
TER RENDEZV
RENDEZVOUS
OUS POIN
POINTT
Primary Data Center A feed 74.115.128.140
Primary Data Center C feed 74.115.128.141
Primary Data Center B feed 74.115.128.142
Primary Data Center D feed 74.115.128.143
Secondary Data Center E feed 174.136.181.191

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 130
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

BYX Multicast Routing P

Par
arameters
ameters

Table 102. BYX Multicast Routing P

Par
arameters
ameters - Pr
Production
oduction

DATA CEN
CENTER
TER RENDEZV
RENDEZVOUS
OUS POIN
POINTT
Primary Data Center A feed 74.115.128.144
Primary Data Center C feed 74.115.128.145
Primary Data Center B feed 74.115.128.146
Primary Data Center D feed 74.115.128.147
Secondary Data Center E feed 174.136.181.255

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 131
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

EDGA Multicast Routing P

Par
arameters
ameters

Table 103. EDGA Multicast Routing P

Par
arameters
ameters - Pr
Production
oduction

DATA CEN
CENTER
TER RENDEZV
RENDEZVOUS
OUS POIN
POINTT
Primary Data Center A feed 74.115.128.132
Primary Data Center C feed 74.115.128.133
Primary Data Center B feed 74.115.128.134
Primary Data Center D feed 74.115.128.135
Secondary Data Center E feed 174.136.181.253

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 132
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

EDGX Multicast Routing P

Par
arameters
ameters

Table 104. EDGX Multicast Routing P

Par
arameters
ameters - Pr
Production
oduction

DATA CEN
CENTER
TER RENDEZV
RENDEZVOUS
OUS POIN
POINTT
Primary Data Center A feed 74.115.128.136
Primary Data Center C feed 74.115.128.137
Primary Data Center B feed 74.115.128.138
Primary Data Center D feed 74.115.128.139
Secondary Data Center E feed 174.136.181.254

For additional information about physical connectivity, refer to the US Equities/Options Connectivity
Manual.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 133
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

BZX Addr
Address/Unit
ess/Unit Distribution
The following tables describe the unit distribution across the BZX Exchange Multicast PITCH feeds.

Table 105. BZX Addr

Address/Unit
ess/Unit Distribution - Primar
Primaryy Datacenter
Datacenter,, Pr
Production
oduction

PRIM
PRIMAR
ARY
Y GIG-SH
GIG-SHAPED
APED [Z
[ZA]
A] WAN-SH
AN-SHAPED
APED [Z
[ZCC] GIG-SH
GIG-SHAPED
APED [ZB] WAN-SH
AN-SHAPED
APED [ZD]
DATACEN
CENTER
TER 174.136.161.160/28 174.136.161.176/28 174.136.161.192/28 174.136.161.208/28

IP REAL-TIME REAL-TIME REAL-TIME REAL-TIME

UNI
UNITT GAP RESP
RESP.. MC GAP RESP
RESP.. MC GAP RESP
RESP.. MC GAP RESP
RESP.. MC
POR
PORT
T MC MC MC MC
1 30001
2 30002
224.0.130.128 224.0.130.144 224.0.130.160 224.0.130.176 233.209.92.128 233.209.92.144 233.209.92.160 233.209.92.176
3 30003
4 30004
5 30005
6 30006
224.0.130.129 224.0.130.145 224.0.130.161 224.0.130.177 233.209.92.129 233.209.92.145 233.209.92.161 233.209.92.177
7 30007
8 30008
9 30009
10 30010
224.0.130.130 224.0.130.146 224.0.130.162 224.0.130.178 233.209.92.130 233.209.92.146 233.209.92.162 233.209.92.178
11 30011
12 30012
13 30013
14 30014
224.0.130.131 224.0.130.147 224.0.130.163 224.0.130.179 233.209.92.131 233.209.92.147 233.209.92.163 233.209.92.179
15 30015
16 30016
17 30017
18 30018
224.0.130.132 224.0.130.148 224.0.130.164 224.0.130.180 233.209.92.132 233.209.92.148 233.209.92.164 233.209.92.180
19 30019
20 30020
21 30021
22 30022
224.0.130.133 224.0.130.149 224.0.130.165 224.0.130.181 233.209.92.133 233.209.92.149 233.209.92.165 233.209.92.181
23 30023
24 30024
25 30025
26 30026
224.0.130.134 224.0.130.150 224.0.130.166 224.0.130.182 233.209.92.134 233.209.92.150 233.209.92.166 233.209.92.182
27 30027
28 30028
© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 134
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

PRIM
PRIMAR
ARY
Y GIG-SH
GIG-SHAPED
APED [Z
[ZA]
A] WAN-SH
AN-SHAPED
APED [Z
[ZCC] GIG-SH
GIG-SHAPED
APED [ZB] WAN-SH
AN-SHAPED
APED [ZD]
DATACEN
CENTER
TER 174.136.161.160/28 174.136.161.176/28 174.136.161.192/28 174.136.161.208/28

IP REAL-TIME REAL-TIME REAL-TIME REAL-TIME

UNI
UNITT GAP RESP
RESP.. MC GAP RESP
RESP.. MC GAP RESP
RESP.. MC GAP RESP
RESP.. MC
POR
PORT
T MC MC MC MC
29 30029
30 30030 224.0.130.135 224.0.130.151 224.0.130.167 224.0.130.183 233.209.92.135 233.209.92.151 233.209.92.167 233.209.92.183
31 30031
32 30032
33 30033
224.0.130.136 224.0.130.152 224.0.130.168 224.0.130.184 233.209.92.136 233.209.92.152 233.209.92.168 233.209.92.184
34 30034
35 30035

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period. Notice will be given that the
distribution will change on a certain date. Care should be taken to support mappings in these tables via software configuration.

Table 106. BZX Addr

Address/Unit
ess/Unit Distribution - Secondar
Secondaryy Datacenter
Datacenter,, Pr
Production
oduction

WAN-SH
AN-SHAPED
APED [ZE]
SECOND
SECONDAR
ARY
YDDA
ATACEN
CENTER
TER
174.136.181.160/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESPONSE MC
1 31001
2 31002
233.19.3.80 233.19.3.81
3 31003
4 31004
5 31005
6 31006
233.19.3.82 233.19.3.83
7 31007
8 31008
9 31009
10 31010
233.19.3.84 233.19.3.85
11 31011
12 31012
13 31013
14 31014
233.19.3.86 233.19.3.87
15 31015
16 31016
17 31017 233.19.3.88 233.19.3.89

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 135
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

WAN-SH
AN-SHAPED
APED [ZE]
SECOND
SECONDAR
ARY
YDDA
ATACEN
CENTER
TER
174.136.181.160/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESPONSE MC
18 31018
19 31019
20 31020
21 31021
22 31022
233.19.3.90 233.19.3.91
23 31023
24 31024
25 31025
26 31026
233.19.3.92 233.19.3.93
27 31027
28 31028
29 31029
30 31030
31 31031
32 31032 233.19.3.94 233.19.3.95
33 31033
34 31034
35 31035

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period. Notice will be given that the
distribution will change on a certain date. Care should be taken to support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 136
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

BYX Addr
Address/Unit
ess/Unit Distribution
The following tables describe the unit distribution across the BYX Exchange Multicast PITCH feeds.

Table 107. BYX Addr

Address/Unit
ess/Unit Distribution - Primar
Primaryy Datacenter
Datacenter,, Pr
Production
oduction

PRIM
PRIMAR
ARY
Y GIG-SH
GIG-SHAPED
APED [Y
[YA]
A] WAN-SH
AN-SHAPED
APED [Y
[YCC] GIG-SH
GIG-SHAPED
APED [YB] WAN-SH
AN-SHAPED
APED [YD]
DATACEN
CENTER
TER 174.136.162.160/28 174.136.162.176/28 174.136.162.192/28 174.136.162.208/28

REAL-TIME GAP RESP

RESP.. REAL-TIME REAL-TIME GAP RESP
RESP.. REAL-TIME GAP RESP
RESP..
UNI
UNITT IP POR
PORT
T GAP RESP
RESP.. MC
MC MC MC MC MC MC MC
1 30201
2 30202
224.0.130.192 224.0.130.208 224.0.130.224 224.0.130.240 233.209.92.192 233.209.92.208 233.209.92.224 233.209.92.240
3 30203
4 30204
5 30205
6 30206
224.0.130.193 224.0.130.209 224.0.130.225 224.0.130.241 233.209.92.193 233.209.92.209 233.209.92.225 233.209.92.241
7 30207
8 30208
9 30209
10 30210
224.0.130.194 224.0.130.210 224.0.130.226 224.0.130.242 233.209.92.194 233.209.92.210 233.209.92.226 233.209.92.242
11 30211
12 30212
13 30213
14 30214
224.0.130.195 224.0.130.211 224.0.130.227 224.0.130.243 233.209.92.195 233.209.92.211 233.209.92.227 233.209.92.243
15 30215
16 30216
17 30217
18 30218
224.0.130.196 224.0.130.212 224.0.130.228 224.0.130.244 233.209.92.196 233.209.92.212 233.209.92.228 233.209.92.244
19 30219
20 30220
21 30221
22 30222
224.0.130.197 224.0.130.213 224.0.130.229 224.0.130.245 233.209.92.197 233.209.92.213 233.209.92.229 233.209.92.245
23 30223
24 30224
25 30225
26 30226
224.0.130.198 224.0.130.214 224.0.130.230 224.0.130.246 233.209.92.198 233.209.92.214 233.209.92.230 233.209.92.246
27 30227
28 30228
© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 137
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

PRIM
PRIMAR
ARY
Y GIG-SH
GIG-SHAPED
APED [Y
[YA]
A] WAN-SH
AN-SHAPED
APED [Y
[YCC] GIG-SH
GIG-SHAPED
APED [YB] WAN-SH
AN-SHAPED
APED [YD]
DATACEN
CENTER
TER 174.136.162.160/28 174.136.162.176/28 174.136.162.192/28 174.136.162.208/28

REAL-TIME GAP RESP

RESP.. REAL-TIME REAL-TIME GAP RESP
RESP.. REAL-TIME GAP RESP
RESP..
UNI
UNITT IP POR
PORT
T GAP RESP
RESP.. MC
MC MC MC MC MC MC MC
29 30229
30 30230
224.0.130.199 224.0.130.215 224.0.130.231 224.0.130.247 233.209.92.199 233.209.92.215 233.209.92.231 233.209.92.247
31 30231
32 30232

Table 108. BYX Addr

Address/Unit
ess/Unit Distribution - Secondar
Secondaryy Datacenter
Datacenter,, Pr
Production
oduction

WAN-SH
AN-SHAPED
APED ((YE)
YE)
SECOND
SECONDAR
ARY
YDDA
ATACEN
CENTER
TER
174.136.181.224/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESPONSE MC
1 31701
2 31702
233.19.3.112 233.19.3.113
3 31703
4 31704
5 31705
6 31706
233.19.3.114 233.19.3.115
7 31707
8 31708
9 31709
10 31710
233.19.3.116 233.19.3.117
11 31711
12 31712
13 31713
14 31714
233.19.3.118 233.19.3.119
15 31715
16 31716
17 31717
18 31718
233.19.3.120 233.19.3.121
19 31719
20 31720
21 31721
22 31722 233.19.3.122 233.19.3.123
23 31723

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 138
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

WAN-SH
AN-SHAPED
APED ((YE)
YE)
SECOND
SECONDAR
ARY
YDDA
ATACEN
CENTER
TER
174.136.181.224/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESPONSE MC
24 31724
25 31725
26 31726
233.19.3.124 233.19.3.125
27 31727
28 31728
29 31729
30 31730
233.19.3.126 233.19.3.127
31 31731
32 31732

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period. Notice will be given that the
distribution will change on a certain date. Care should be taken to support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 139
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

EDGA Addr
Address/Unit
ess/Unit Distribution
The following tables describe the unit distribution across production EDGA Exchange Multicast PITCH feeds.

Table 109. EDGA Addr

Address/Unit
ess/Unit Distribution - Primar
Primaryy Datacenter
Datacenter,, Pr
Production
oduction

PRIM
PRIMAR
ARY
Y GIG-SH
GIG-SHAPED
APED [AA] WAN-SH
AN-SHAPED
APED [A
[ACC] GIG-SH
GIG-SHAPED
APED [AB] WAN-SH
AN-SHAPED
APED [AD]
DATACEN
CENTER
TER 174.136.170.160/28 174.136.170.176/28 174.136.170.192/28 174.136.170.208/28

REAL-TIME GAP RESP

RESP.. REAL-TIME REAL-TIME GAP RESP
RESP.. REAL-TIME GAP RESP
RESP..
UNI
UNITT IP POR
PORT
T GAP RESP
RESP.. MC
MC MC MC MC MC MC MC
1 30301
2 30302
224.0.130.0 224.0.130.16 224.0.130.32 224.0.130.48 233.209.92.0 233.209.92.16 233.209.92.32 233.209.92.48
3 30303
4 30304
5 30305
6 30306
224.0.130.1 224.0.130.17 224.0.130.33 224.0.130.49 233.209.92.1 233.209.92.17 233.209.92.33 233.209.92.49
7 30307
8 30308
9 30309
10 30310
224.0.130.2 224.0.130.18 224.0.130.34 224.0.130.50 233.209.92.2 233.209.92.18 233.209.92.34 233.209.92.50
11 30311
12 30312
13 30313
14 30314
224.0.130.3 224.0.130.19 224.0.130.35 224.0.130.51 233.209.92.3 233.209.92.19 233.209.92.35 233.209.92.51
15 30315
16 30316
17 30317
18 30318
224.0.130.4 224.0.130.20 224.0.130.36 224.0.130.52 233.209.92.4 233.209.92.20 233.209.92.36 233.209.92.52
19 30319
20 30320
21 30321
22 30322
224.0.130.5 224.0.130.21 224.0.130.37 224.0.130.53 233.209.92.5 233.209.92.21 233.209.92.37 233.209.92.53
23 30323
24 30324
25 30325
26 30326
224.0.130.6 224.0.130.22 224.0.130.38 224.0.130.54 233.209.92.6 233.209.92.22 233.209.92.38 233.209.92.54
27 30327
28 30328
© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 140
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

PRIM
PRIMAR
ARY
Y GIG-SH
GIG-SHAPED
APED [AA] WAN-SH
AN-SHAPED
APED [A
[ACC] GIG-SH
GIG-SHAPED
APED [AB] WAN-SH
AN-SHAPED
APED [AD]
DATACEN
CENTER
TER 174.136.170.160/28 174.136.170.176/28 174.136.170.192/28 174.136.170.208/28

REAL-TIME GAP RESP

RESP.. REAL-TIME REAL-TIME GAP RESP
RESP.. REAL-TIME GAP RESP
RESP..
UNI
UNITT IP POR
PORT
T GAP RESP
RESP.. MC
MC MC MC MC MC MC MC
29 30329
30 30330
224.0.130.7 224.0.130.23 224.0.130.39 224.0.130.55 233.209.92.7 233.209.92.23 233.209.92.39 233.209.92.55
31 30331
32 30332

Table 110. EDGA Addr

Address/Unit
ess/Unit Distribution - Secondar
Secondaryy Datacenter
Datacenter,, Pr
Production
oduction

WAN-SH
AN-SHAPED
APED (AE)
SECOND
SECONDAR
ARY
YDDA
ATACEN
CENTER
TER
174.136.182.112/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESPONSE MC
1 31301
2 31302
233.19.3.48 233.19.3.49
3 31303
4 31304
5 31305
6 31306
233.19.3.50 233.19.3.51
7 31307
8 31308
9 31309
10 31310
233.19.3.52 233.19.3.53
11 31311
12 31312
13 31313
14 31314
233.19.3.54 233.19.3.55
15 31315
16 31316
17 31317
18 31318
233.19.3.56 233.19.3.57
19 31319
20 31320
21 31321
22 31322 233.19.3.58 233.19.3.59
23 31323

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 141
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

WAN-SH
AN-SHAPED
APED (AE)
SECOND
SECONDAR
ARY
YDDA
ATACEN
CENTER
TER
174.136.182.112/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESPONSE MC
24 31324
25 31325
26 31326
233.19.3.60 233.19.3.61
27 31327
28 31328
29 31329
30 31330
233.19.3.62 233.19.3.63
31 31331
32 31332

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period. Notice will be given that the
distribution will change on a certain date. Care should be taken to support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 142
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

EDGX Addr
Address/Unit
ess/Unit Distribution
The following tables describe the unit distribution across production EDGX Exchange Multicast PITCH feeds.

Table 111. EDGX Addr

Address/Unit
ess/Unit Distribution - Primar
Primaryy Datacenter
Datacenter,, Pr
Production
oduction

PRIM
PRIMAR
ARY
Y GIG-SH
GIG-SHAPED
APED [XA] WAN-SH
AN-SHAPED
APED [X
[XCC] GIG-SH
GIG-SHAPED
APED [XB] WAN-SH
AN-SHAPED
APED [XD]
DATACEN
CENTER
TER 174.136.172.160/28 174.136.172.176/28 174.136.172.192/28 174.136.172.208/28

REAL-TIME GAP RESP

RESP.. REAL-TIME REAL-TIME GAP RESP
RESP.. REAL-TIME GAP RESP
RESP..
UNI
UNITT IP POR
PORT
T GAP RESP
RESP.. MC
MC MC MC MC MC MC MC
1 30401
2 30402
224.0.130.64 224.0.130.80 224.0.130.96 224.0.130.112 233.209.92.64 233.209.92.80 233.209.92.96 233.209.92.112
3 30403
4 30404
5 30405
6 30406
224.0.130.65 224.0.130.81 224.0.130.97 224.0.130.113 233.209.92.65 233.209.92.81 233.209.92.97 233.209.92.113
7 30407
8 30408
9 30409
10 30410
224.0.130.66 224.0.130.82 224.0.130.98 224.0.130.114 233.209.92.66 233.209.92.82 233.209.92.98 233.209.92.114
11 30411
12 30412
13 30413
14 30414
224.0.130.67 224.0.130.83 224.0.130.99 224.0.130.115 233.209.92.67 233.209.92.83 233.209.92.99 233.209.92.115
15 30415
16 30416
17 30417
18 30418
224.0.130.68 224.0.130.84 224.0.130.100 224.0.130.116 233.209.92.68 233.209.92.84 233.209.92.100 233.209.92.116
19 30419
20 30420
21 30421
22 30422
224.0.130.69 224.0.130.85 224.0.130.101 224.0.130.117 233.209.92.69 233.209.92.85 233.209.92.101 233.209.92.117
23 30423
24 30424
25 30425
26 30426
224.0.130.70 224.0.130.86 224.0.130.102 224.0.130.118 233.209.92.70 233.209.92.86 233.209.92.102 233.209.92.118
27 30427
28 30428
© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 143
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

PRIM
PRIMAR
ARY
Y GIG-SH
GIG-SHAPED
APED [XA] WAN-SH
AN-SHAPED
APED [X
[XCC] GIG-SH
GIG-SHAPED
APED [XB] WAN-SH
AN-SHAPED
APED [XD]
DATACEN
CENTER
TER 174.136.172.160/28 174.136.172.176/28 174.136.172.192/28 174.136.172.208/28

REAL-TIME GAP RESP

RESP.. REAL-TIME REAL-TIME GAP RESP
RESP.. REAL-TIME GAP RESP
RESP..
UNI
UNITT IP POR
PORT
T GAP RESP
RESP.. MC
MC MC MC MC MC MC MC
29 30429
30 30430
224.0.130.71 224.0.130.87 224.0.130.103 224.0.130.119 233.209.92.71 233.209.92.87 233.209.92.103 233.209.92.119
31 30431
32 30432

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period. Notice will be given that the
distribution will change on a certain date. Care should be taken to support mappings in these tables via software configuration.

Table 112. EDGX Addr

Address/Unit
ess/Unit Distribution - Secondar
Secondaryy Datacenter
Datacenter,, Pr
Production
oduction

WAN-SH
AN-SHAPED
APED (XE)
SECOND
SECONDAR
ARY
YDDA
ATACEN
CENTER
TER
174.136.182.240/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESPONSE MC
1 31401
2 31402
233.19.3.64 233.19.3.65
3 31403
4 31404
5 31405
6 31406
233.19.3.66 233.19.3.67
7 31407
8 31408
9 31409
10 31410
233.19.3.68 233.19.3.69
11 31411
12 31412
13 31413
14 31414
233.19.3.70 233.19.3.71
15 31415
16 31416
17 31417
18 31418
233.19.3.72 233.19.3.73
19 31419
20 31420

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 144
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

WAN-SH
AN-SHAPED
APED (XE)
SECOND
SECONDAR
ARY
YDDA
ATACEN
CENTER
TER
174.136.182.240/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESPONSE MC
21 31421
22 31422
233.19.3.74 233.19.3.75
23 31423
24 31424
25 31425
26 31426
233.19.3.76 233.19.3.77
27 31427
28 31428
29 31429
30 31430
233.19.3.78 233.19.3.79
31 31431
32 31432

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period. Notice will be given that the
distribution will change on a certain date. Care should be taken to support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 145
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

US Options Pr
Production
oduction Envir
Environment
onment Configur
Configuration
ation
Limitations/Configur
Limitations/Configurations
ations - Pr
Production
oduction
The following table defines Cboe current configuration for network and gap request limitations.
These limitations are session based. Cboe reserves the right to adjust the gap request limitations
to improve the effectiveness of the gap request infrastructure.

Table 113. Limitations/Configur

Limitations/Configurations
ations - Pr
Production
oduction

PERIOD/T
PERIOD/TYPE
YPE LIMI
LIMIT/SE
T/SET
TTING NO
NOTES
TES
MTU 1500 Cboe will send UDP messages up to 1500 bytes. Members should
ensure that their infrastructure is configured accordingly.
8 Gig-Shaped Throttle 8 Gb/s The real-time and gap multicast head ends are configured to shape
their output to this level to minimize packet loss.
5 Gig-Shaped Throttle 5 Gb/s The real-time and gap multicast head ends are configured to shape
their output to this level to minimize packet loss.
Gap Response Delay 2 ms The Gap Server will delay resending sequenced messages via
multicast for the specified limit in order to satisfy multiple GRP gap
requests with one multicast response.
Count 100 Any single gap request may not be for more than this number of
dropped messages.
1 Second 320 Requests This is the maximum number of retransmission requests allowed per
second for each session. This is renewed every clock second.
1 Minute 1500 Requests This is the maximum number of retransmission requests allowed per
minute for each session. This is renewed every clock minute.
Day 100,000 Requests This is the maximum number of retransmission requests allowed per
day for each session.
Within Range 1,000,000 Messages Users’ retransmission requests must be within this many messages of
the most recent sequence sent by the real-time feed.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 146
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

US Options Unit/Pr
Unit/Product
oduct Distribution
UNI
UNITT BZX/C1/C2/EDGX SYMBOL RANGE EX
EXCEPTIONS
CEPTIONS
1 A - AIPA~
2 AIPB - AO~
3 AP - AVGO~
4 AVGP - BOIL~
5 BOIM - CMPR~ Excludes CBTX, CBTXW
6 CMPS - CSIQ~
7 CSIR - DJTA~
8 DJTB - FARO~ Excludes DJX
9 FARP - GLC~
10 GLD - HAYW~
11 HAYX - IYWA~ Excludes IWM
12 IYWB - LMTA~
13 LMTB - MES~ Excludes MBTX, MBTXW
14 MET - MRM~
15 MRN - MSTR~ Excludes MRUT
16 MSTS - NKEA~ Excludes MXACW, MXEA, MXEF, MXUSA, MXWLD, NANOS
17 NKEB - PDC~ Excludes NVDA, OEX
18 PDD - RDDS~ Excludes QQQ
19 RDDT - SEAA~ Excludes RLG, RLV, RUI, RUT/RUTW
20 SEAB - SMHA~ Excludes SIXB, SIXC, SIXE, SIXI, SIXR, SIXRE, SIXT, SIXU,
SIXV, SIXY
21 SMHB - TEQ~ Excludes SPEQX, SPESG, SPX/SPXW, SPY
22 TER - TTC~ Excludes TSLA
23 TTD - VB~ Excludes UKXM, VIX, VIXW
24 VC - WYNN~
25 WYNO - Z~ Excludes XEO, XSP
26 NVDA
27 TSLA
28 QQQ
29 IWM
30 SPY

Table 114. Units 31-35

UNI
UNITT BZX/C2 SYMBOL RANGE C1 SYMBOL RANGE
31 DJX (C2 Only), RUT (BZX and C2 Only), RUTW (C2 CBTX, CBTXW, DJX, MBTX, MBTXW, MRUT, MXACW, MXEA,
Only) MXEF, MXUSA, MXWLD, OEX, RLG, RLV, RUI, RUT, RUTW,
SIXB, SIXC, SIXE, SIXI, SIXR, SIXRE, SIXT, SIXU, SIXV, SIXY,
SPEQX, SPESG, UKXM, XEO
32 N/A NANOS, VIX, VIXW, XSP
33 N/A SPX
34 N/A SPXW
35 N/A SPX/SPXW, Cross Product Spreads

Note - Cboe reserves the right to add units and/or change symbol distribution with 48 hours of
notice and no migration period. Notice will be given that the distribution will change on a certain
date. Care should be taken to support mappings in these tables via software configuration.
© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 147
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

BZX Options Multicast Routing P

Par
arameters
ameters

Table 115. BZX Options Multicast Routing P

Par
arameters
ameters - Pr
Production
oduction

DATA CEN
CENTER
TER RENDEZV
RENDEZVOUS
OUS POIN
POINTT
Primary Data Center A feed 74.115.128.149
Primary Data Center C feed 74.115.128.148
Primary Data Center B feed 74.115.128.151
Primary Data Center D feed 74.115.128.150
Secondary Data Center E feed 174.136.181.223

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 148
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

C1 Options Multicast Routing P

Par
arameters
ameters

Table 116. C1 Options Multicast Routing P

Par
arameters
ameters - Pr
Production
oduction

DATA CEN
CENTER
TER RENDEZV
RENDEZVOUS
OUS POIN
POINTT
Primary Data Center A feed 74.115.128.187
Primary Data Center C feed 74.115.128.183
Primary Data Center B feed 74.115.128.188
Primary Data Center D feed 74.115.128.184
Secondary Data Center E feed 174.136.181.249

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 149
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

C2 Options Multicast Routing P

Par
arameters
ameters

Table 117. C2 Options Multicast Routing P

Par
arameters
ameters - Pr
Production
oduction

DATA CEN
CENTER
TER RENDEZV
RENDEZVOUS
OUS POIN
POINTT
Primary Data Center A feed 74.115.128.171
Primary Data Center C feed 74.115.128.170
Primary Data Center B feed 74.115.128.173
Primary Data Center D feed 74.115.128.172
Secondary Data Center E feed 170.137.16.132

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 150
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

EDGX Options Multicast Routing P

Par
arameters
ameters

Table 118. EDGX Options Multicast Routing P

Par
arameters
ameters - Pr
Production
oduction

DATA CEN
CENTER
TER RENDEZV
RENDEZVOUS
OUS POIN
POINTT
Primary Data Center A feed 74.115.128.153
Primary Data Center C feed 74.115.128.152
Primary Data Center B feed 74.115.128.155
Primary Data Center D feed 74.115.128.154
Secondary Data Center E feed 174.136.181.251

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 151
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

BZX Options Addr

Address/Unit
ess/Unit Distribution
The following tables describe the unit distribution across the BZX Options Multicast PITCH feeds.

Table 119. BZX Options Addr

Address/Unit
ess/Unit Distribution - Primar
Primaryy Datacenter
Datacenter,, Pr
Production
oduction

PRIM
PRIMAR
ARY
Y 5G-SH
5G-SHAPED
APED [O
[OA]
A] 8G-SH
8G-SHAPED
APED FEED [OC
[OC]] 5G-SH
5G-SHAPED
APED [OB] 8G-SH
8G-SHAPED
APED FEED [OD]
DATACEN
CENTER
TER 174.136.163.176/28 174.136.163.160/28 174.136.163.208/28 174.136.163.192/28

IP REAL-TIME REAL-TIME GAP RESP

RESP.. REAL-TIME GAP RESP
RESP.. REAL-TIME GAP RESP
RESP..
UNI
UNITT GAP RESP
RESP.. MC
POR
PORT
T MC MC MC MC MC MC MC
1 30101 224.0.62.192 224.0.73.192
2 30102 224.0.62.193 224.0.73.193
224.0.131.32 224.0.131.48 224.0.131.16 233.130.124.32 233.130.124.48 233.130.124.16
3 30103 224.0.62.194 224.0.73.194
4 30104 224.0.62.195 224.0.73.195
5 30105 224.0.62.196 224.0.73.196
6 30106 224.0.62.197 224.0.73.197
224.0.131.33 224.0.131.49 224.0.131.17 233.130.124.33 233.130.124.49 233.130.124.17
7 30107 224.0.62.198 224.0.73.198
8 30108 224.0.62.199 224.0.73.199
9 30109 224.0.62.200 224.0.73.200
10 30110 224.0.62.201 224.0.73.201
224.0.131.34 224.0.131.50 224.0.131.18 233.130.124.34 233.130.124.50 233.130.124.18
11 30111 224.0.62.202 224.0.73.202
12 30112 224.0.62.203 224.0.73.203
13 30113 224.0.62.204 224.0.73.204
14 30114 224.0.62.205 224.0.73.205
224.0.131.35 224.0.131.51 224.0.131.19 233.130.124.35 233.130.124.51 233.130.124.19
15 30115 224.0.62.206 224.0.73.206
16 30116 224.0.62.207 224.0.73.207
17 30117 224.0.62.208 224.0.73.208
18 30118 224.0.62.209 224.0.73.209
224.0.131.36 224.0.131.52 224.0.131.20 233.130.124.36 233.130.124.52 233.130.124.20
19 30119 224.0.62.210 224.0.73.210
20 30120 224.0.62.211 224.0.73.211
21 30121 224.0.62.212 224.0.73.212
22 30122 224.0.62.213 224.0.73.213
224.0.131.37 224.0.131.53 224.0.131.21 233.130.124.37 233.130.124.53 233.130.124.21
23 30123 224.0.62.214 224.0.73.214
24 30124 224.0.62.215 224.0.73.215
25 30125 224.0.62.216 224.0.73.216
26 30126 224.0.62.217 224.0.73.217
224.0.131.38 224.0.131.54 224.0.131.22 233.130.124.38 233.130.124.54 233.130.124.22
27 30127 224.0.62.218 224.0.73.218
28 30128 224.0.62.219 224.0.73.219
© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 152
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

PRIM
PRIMAR
ARY
Y 5G-SH
5G-SHAPED
APED [O
[OA]
A] 8G-SH
8G-SHAPED
APED FEED [OC
[OC]] 5G-SH
5G-SHAPED
APED [OB] 8G-SH
8G-SHAPED
APED FEED [OD]
DATACEN
CENTER
TER 174.136.163.176/28 174.136.163.160/28 174.136.163.208/28 174.136.163.192/28

IP REAL-TIME REAL-TIME GAP RESP

RESP.. REAL-TIME GAP RESP
RESP.. REAL-TIME GAP RESP
RESP..
UNI
UNITT GAP RESP
RESP.. MC
POR
PORT
T MC MC MC MC MC MC MC
29 30129 224.0.62.220 224.0.73.220
30 30130 224.0.62.221 224.0.73.221
224.0.131.39 224.0.131.55 224.0.131.23 233.130.124.39 233.130.124.55 233.130.124.23
31 30131 224.0.62.222 224.0.73.222
32 30132 224.0.62.223 224.0.73.223
33 30133 224.0.131.40 224.0.131.56 224.0.62.22 224.0.131.24 233.130.124.40 233.130.124.56 224.0.73.22 233.130.124.24

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period. Notice will be given that the
distribution will change on a certain date. Care should be taken to support mappings in these tables via software configuration.

Table 120. BZX Options Addr

Address/Unit
ess/Unit Distribution - Secondar
Secondaryy Datacenter
Datacenter,, Pr
Production
oduction

BZX OPTIONS 5G-SH

5G-SHAPED
APED [OE]
SECOND
SECONDAR
ARY
YDDA
ATACEN
CENTER
TER
174.136.181.192/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESPONSE MC
1 31801
2 31802
233.19.3.96 233.19.3.97
3 31803
4 31804
5 31805
6 31806
233.19.3.98 233.19.3.99
7 31807
8 31808
9 31809
10 31810
233.19.3.100 233.19.3.101
11 31811
12 31812
13 31813
14 31814
233.19.3.102 233.19.3.103
15 31815
16 31816
17 31817
18 31818 233.19.3.104 233.19.3.105
19 31819

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 153
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

BZX OPTIONS 5G-SH

5G-SHAPED
APED [OE]
SECOND
SECONDAR
ARY
YDDA
ATACEN
CENTER
TER
174.136.181.192/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESPONSE MC
20 31820
21 31821
22 31822
233.19.3.106 233.19.3.107
23 31823
24 31824
25 31825
26 31826
233.19.3.108 233.19.3.109
27 31827
28 31828
29 31829
30 31830
31 31831 233.19.3.110 233.19.3.111
32 31832
33 31833

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period. Notice will be given that the
distribution will change on a certain date. Care should be taken to support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 154
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

C1 Options Addr
Address/Unit
ess/Unit Distribution
The following tables describe the unit distribution across the C1 Options Multicast PITCH feeds.

Table 121. C1 Options Addr

Address/Unit
ess/Unit Distribution - Primar
Primaryy Datacenter
Datacenter,, Pr
Production
oduction

PRIM
PRIMAR
ARY
Y 5G-SH
5G-SHAPED
APED [CA] 8G-SH
8G-SHAPED
APED FEED [CC
[CC]] 5G-SH
5G-SHAPED
APED FEED [CB] 8G-SH
8G-SHAPED
APED FEED [CD]
DATACEN
CENTER
TER 170.137.114.32 /27 170.137.114.0 /27 170.137.115.32 /27 170.137.115.0 /27

IP REAL-TIME REAL-TIME REAL-TIME REAL-TIME

UNI
UNITT GAP RESP
RESP.. MC GAP RESP
RESP.. MC GAP RESP
RESP.. MC GAP RESP
RESP.. MC
POR
PORT
T MC MC MC MC
1 30301 224.0.74.0 233.182.199.128
2 30302 224.0.74.1 233.182.199.129
224.0.74.46 224.0.74.55 224.0.74.37 233.182.199.174 233.182.199.183 233.182.199.165
3 30303 224.0.74.2 233.182.199.130
4 30304 224.0.74.3 233.182.199.131
5 30305 224.0.74.4 233.182.199.132
6 30306 224.0.74.5 233.182.199.133
224.0.74.47 224.0.74.56 224.0.74.38 233.182.199.175 233.182.199.184 233.182.199.166
7 30307 224.0.74.6 233.182.199.134
8 30308 224.0.74.7 233.182.199.135
9 30309 224.0.74.8 233.182.199.136
10 30310 224.0.74.9 233.182.199.137
224.0.74.48 224.0.74.57 224.0.74.39 233.182.199.176 233.182.199.185 233.182.199.167
11 30311 224.0.74.10 233.182.199.138
12 30312 224.0.74.11 233.182.199.139
13 30313 224.0.74.12 233.182.199.140
14 30314 224.0.74.13 233.182.199.141
224.0.74.49 224.0.74.58 224.0.74.40 233.182.199.177 233.182.199.186 233.182.199.168
15 30315 224.0.74.14 233.182.199.142
16 30316 224.0.74.15 233.182.199.143
17 30317 224.0.74.16 233.182.199.144
18 30318 224.0.74.17 233.182.199.145
224.0.74.50 224.0.74.59 224.0.74.41 233.182.199.178 233.182.199.187 233.182.199.169
19 30319 224.0.74.18 233.182.199.146
20 30320 224.0.74.19 233.182.199.147
21 30321 224.0.74.20 233.182.199.148
22 30322 224.0.74.21 233.182.199.149
224.0.74.51 224.0.74.60 224.0.74.42 233.182.199.179 233.182.199.188 233.182.199.170
23 30323 224.0.74.22 233.182.199.150
24 30324 224.0.74.23 233.182.199.151
25 30325 224.0.74.24 233.182.199.152
26 30326 224.0.74.25 233.182.199.153
224.0.74.52 224.0.74.61 224.0.74.43 233.182.199.180 233.182.199.189 233.182.199.171
27 30327 224.0.74.26 233.182.199.154
28 30328 224.0.74.27 233.182.199.155
© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 155
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

PRIM
PRIMAR
ARY
Y 5G-SH
5G-SHAPED
APED [CA] 8G-SH
8G-SHAPED
APED FEED [CC
[CC]] 5G-SH
5G-SHAPED
APED FEED [CB] 8G-SH
8G-SHAPED
APED FEED [CD]
DATACEN
CENTER
TER 170.137.114.32 /27 170.137.114.0 /27 170.137.115.32 /27 170.137.115.0 /27

IP REAL-TIME REAL-TIME REAL-TIME REAL-TIME

UNI
UNITT GAP RESP
RESP.. MC GAP RESP
RESP.. MC GAP RESP
RESP.. MC GAP RESP
RESP.. MC
POR
PORT
T MC MC MC MC
29 30329 224.0.74.28 233.182.199.156
30 30330 224.0.74.29 233.182.199.157
224.0.74.53 224.0.74.62 224.0.74.44 233.182.199.181 233.182.199.190 233.182.199.172
31 30331 224.0.74.30 233.182.199.158
32 30332 224.0.74.31 233.182.199.159
33 30333 224.0.74.32 233.182.199.160
34 30334 224.0.74.54 224.0.74.63 224.0.74.33 224.0.74.45 233.182.199.182 233.182.199.191 233.182.199.161 233.182.199.173
35 30335 224.0.74.34 233.182.199.162

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period. Notice will be given that the
distribution will change on a certain date. Care should be taken to support mappings in these tables via software configuration.

Table 122. C1 Options Addr

Address/Unit
ess/Unit Distribution - Secondar
Secondaryy Datacenter
Datacenter,, Pr
Production
oduction

5G-SH
5G-SHAPED
APED FEED [CE]
SECOND
SECONDAR
ARY
YDDA
ATACEN
CENTER
TER
170.137.124.192/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESPONSE MC
1 31301
2 31302
233.19.3.192 233.19.3.208
3 31303
4 31304
5 31305
6 31306
233.19.3.193 233.19.3.209
7 31307
8 31308
9 31309
10 31310
233.19.3.194 233.19.3.210
11 31311
12 31312
13 31313
14 31314
233.19.3.195 233.19.3.211
15 31315
16 31316
17 31317 233.19.3.196 233.19.3.212

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 156
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

5G-SH
5G-SHAPED
APED FEED [CE]
SECOND
SECONDAR
ARY
YDDA
ATACEN
CENTER
TER
170.137.124.192/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESPONSE MC
18 31318
19 31319
20 31320
F21 31321
22 31322
233.19.3.197 233.19.3.213
23 31323
24 31324
25 31325
26 31326
233.19.3.198 233.19.3.214
27 31327
28 31328
29 31329
30 31330
233.19.3.199 233.19.3.215
31 31331
32 31332
33 31333
34 31334 233.19.3.200 233.19.3.216
35 31335

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period. Notice will be given that the
distribution will change on a certain date. Care should be taken to support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 157
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

C2 Options Addr
Address/Unit
ess/Unit Distribution
The following tables describe the unit distribution across the C2 Options Multicast PITCH feeds.

Table 123. C2 Options Addr

Address/Unit
ess/Unit Distribution - Primar
Primaryy Datacenter
Datacenter,, Pr
Production
oduction

PRIM
PRIMAR
ARY
Y 5G-SH
5G-SHAPED
APED [W
[WA]
A] 8G-SH
8G-SHAPED
APED FEED [WC
[WC]] 5G-SH
5G-SHAPED
APED [WB] 8G-SH
8G-SHAPED
APED FEED [WD]
DATACEN
CENTER
TER 174.136.168.176/28 174.136.168.160/28 174.136.168.208/28 174.136.168.192/28

IP REAL-TIME REAL-TIME GAP RESP

RESP.. REAL-TIME REAL-TIME
UNI
UNITT GAP RESP
RESP.. MC GAP RESP
RESP.. MC GAP RESP
RESP.. MC
POR
PORT
T MC MC MC MC MC
1 30201 224.0.62.128 224.0.73.128
2 30202 224.0.62.129 224.0.73.129
224.0.131.208 224.0.131.224 224.0.131.192 233.130.124.208 233.130.124.224 233.130.124.192
3 30203 224.0.62.130 224.0.73.130
4 30204 224.0.62.131 224.0.73.131
5 30205 224.0.62.132 224.0.73.132
6 30206 224.0.62.133 224.0.73.133
224.0.131.209 224.0.131.225 224.0.131.193 233.130.124.209 233.130.124.225 233.130.124.193
7 30207 224.0.62.134 224.0.73.134
8 30208 224.0.62.135 224.0.73.135
9 30209 224.0.62.136 224.0.73.136
10 30210 224.0.62.137 224.0.73.137
224.0.131.210 224.0.131.226 224.0.131.194 233.130.124.210 233.130.124.226 233.130.124.194
11 30211 224.0.62.138 224.0.73.138
12 30212 224.0.62.139 224.0.73.139
13 30213 224.0.62.140 224.0.73.140
14 30214 224.0.62.141 224.0.73.141
224.0.131.211 224.0.131.227 224.0.131.195 233.130.124.211 233.130.124.227 233.130.124.195
15 30215 224.0.62.142 224.0.73.142
16 30216 224.0.62.143 224.0.73.143
17 30217 224.0.62.144 224.0.73.144
18 30218 224.0.62.145 224.0.73.145
224.0.131.212 224.0.131.228 224.0.131.196 233.130.124.212 233.130.124.228 233.130.124.196
19 30219 224.0.62.146 224.0.73.146
20 30220 224.0.62.147 224.0.73.147
21 30221 224.0.62.148 224.0.73.148
22 30222 224.0.62.149 224.0.73.149
224.0.131.213 224.0.131.229 224.0.131.197 233.130.124.213 233.130.124.229 233.130.124.197
23 30223 224.0.62.150 224.0.73.150
24 30224 224.0.62.151 224.0.73.151
25 30225 224.0.62.152 224.0.73.152
26 30226 224.0.62.153 224.0.73.153
224.0.131.214 224.0.131.230 224.0.131.198 233.130.124.214 233.130.124.230 233.130.124.198
27 30227 224.0.62.154 224.0.73.154
28 30228 224.0.62.155 224.0.73.155
© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 158
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

PRIM
PRIMAR
ARY
Y 5G-SH
5G-SHAPED
APED [W
[WA]
A] 8G-SH
8G-SHAPED
APED FEED [WC
[WC]] 5G-SH
5G-SHAPED
APED [WB] 8G-SH
8G-SHAPED
APED FEED [WD]
DATACEN
CENTER
TER 174.136.168.176/28 174.136.168.160/28 174.136.168.208/28 174.136.168.192/28

IP REAL-TIME REAL-TIME GAP RESP

RESP.. REAL-TIME REAL-TIME
UNI
UNITT GAP RESP
RESP.. MC GAP RESP
RESP.. MC GAP RESP
RESP.. MC
POR
PORT
T MC MC MC MC MC
29 30229 224.0.62.156 224.0.73.156
30 30230 224.0.62.157 224.0.73.157
224.0.131.215 224.0.131.231 224.0.131.199 233.130.124.215 233.130.124.231 233.130.124.199
31 30231 224.0.62.158 224.0.73.158
32 30232 224.0.62.159 224.0.73.159
33 30233 224.0.131.216 224.0.131.232 224.0.62.20 224.0.131.200 233.130.124.216 233.130.124.232 224.0.73.20 233.130.124.200

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period. Notice will be given that the
distribution will change on a certain date. Care should be taken to support mappings in these tables via software configuration.

Table 124. C2 Options Addr

Address/Unit
ess/Unit Distribution - Secondar
Secondaryy Datacenter
Datacenter,, Pr
Production
oduction
C2 OPTIONS 5G-SH
5G-SHAPED
APED [WE]
SECOND
SECONDAR
ARY
YDDA
ATACEN
CENTER
TER
170.137.17.80/29

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESPONSE MC
1 31201
2 31202
233.182.199.64 233.182.199.80
3 31203
4 31204
5 31205
6 31206
233.182.199.65 233.182.199.81
7 31207
8 31208
9 31209
10 31210
233.182.199.66 233.182.199.82
11 31211
12 31212
13 31213
14 31214
233.182.199.67 233.182.199.83
15 31215
16 31216
17 31217
18 31218
233.182.199.68 233.182.199.84
19 31219
20 31220
© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 159
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

C2 OPTIONS 5G-SH
5G-SHAPED
APED [WE]
SECOND
SECONDAR
ARY
YDDA
ATACEN
CENTER
TER
170.137.17.80/29

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESPONSE MC
21 31221
22 31222
233.182.199.69 233.182.199.85
23 31223
24 31224
25 31225
26 31226
233.182.199.70 233.182.199.86
27 31227
28 31228
29 31229
30 31230
233.182.199.71 233.182.199.87
31 31231
32 31232
33 31233 233.182.199.72 233.182.199.88

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period. Notice will be given that the
distribution will change on a certain date. Care should be taken to support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 160
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

EDGX Options Addr

Address/Unit
ess/Unit Distribution
The following tables describe the unit distribution across the EDGX Options Multicast PITCH feeds.

Table 125. EDGX Options Addr

Address/Unit
ess/Unit Distribution - Primar
Primaryy Datacenter
Datacenter,, Pr
Production
oduction

PRIM
PRIMAR
ARY
Y 5G-SH
5G-SHAPED
APED [EA] 8G-SH
8G-SHAPED
APED FEED [EC
[EC]] 5G-SH
5G-SHAPED
APED [EB] 8G-SH
8G-SHAPED
APED FEED [ED]
DATACEN
CENTER
TER 174.136.171.176/28 174.136.171.160/28 174.136.171.208/28 174.136.171.192/28

IP REAL-TIME REAL-TIME GAP RESP

RESP.. REAL-TIME REAL-TIME GAP RESP
RESP..
UNI
UNITT GAP RESP
RESP.. MC GAP RESP
RESP.. MC
POR
PORT
T MC MC MC MC MC MC
1 30501 224.0.62.160 224.0.73.160
2 30502 224.0.62.161 224.0.73.161
224.0.131.96 224.0.131.112 224.0.131.80 233.130.124.96 233.130.124.112 233.130.124.80
3 30503 224.0.62.162 224.0.73.162
4 30504 224.0.62.163 224.0.73.163
5 30505 224.0.62.164 224.0.73.164
6 30506 224.0.62.165 224.0.73.165
224.0.131.97 224.0.131.113 224.0.131.81 233.130.124.97 233.130.124.113 233.130.124.81
7 30507 224.0.62.166 224.0.73.166
8 30508 224.0.62.167 224.0.73.167
9 30509 224.0.62.168 224.0.73.168
10 30510 224.0.62.169 224.0.73.169
224.0.131.98 224.0.131.114 224.0.131.82 233.130.124.98 233.130.124.114 233.130.124.82
11 30511 224.0.62.170 224.0.73.170
12 30512 224.0.62.171 224.0.73.171
13 30513 224.0.62.172 224.0.73.172
14 30514 224.0.62.173 224.0.73.173
224.0.131.99 224.0.131.115 224.0.131.83 233.130.124.99 233.130.124.115 233.130.124.83
15 30515 224.0.62.174 224.0.73.174
16 30516 224.0.62.175 224.0.73.175
17 30517 224.0.62.176 224.0.73.176
18 30518 224.0.62.177 224.0.73.177
224.0.131.100 224.0.131.116 224.0.131.84 233.130.124.100 233.130.124.116 233.130.124.84
19 30519 224.0.62.178 224.0.73.178
20 30520 224.0.62.179 224.0.73.179
21 30521 224.0.62.180 224.0.73.180
22 30522 224.0.62.181 224.0.73.181
224.0.131.101 224.0.131.117 224.0.131.85 233.130.124.101 233.130.124.117 233.130.124.85
23 30523 224.0.62.182 224.0.73.182
24 30524 224.0.62.183 224.0.73.183
25 30525 224.0.62.184 224.0.73.184
26 30526 224.0.62.185 224.0.73.185
224.0.131.102 224.0.131.118 224.0.131.86 233.130.124.102 233.130.124.118 233.130.124.86
27 30527 224.0.62.186 224.0.73.186
28 30528 224.0.62.187 224.0.73.187
© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 161
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

PRIM
PRIMAR
ARY
Y 5G-SH
5G-SHAPED
APED [EA] 8G-SH
8G-SHAPED
APED FEED [EC
[EC]] 5G-SH
5G-SHAPED
APED [EB] 8G-SH
8G-SHAPED
APED FEED [ED]
DATACEN
CENTER
TER 174.136.171.176/28 174.136.171.160/28 174.136.171.208/28 174.136.171.192/28

IP REAL-TIME REAL-TIME GAP RESP

RESP.. REAL-TIME REAL-TIME GAP RESP
RESP..
UNI
UNITT GAP RESP
RESP.. MC GAP RESP
RESP.. MC
POR
PORT
T MC MC MC MC MC MC
29 30529 224.0.62.188 224.0.73.188
30 30530 224.0.62.189 224.0.73.189
224.0.131.103 224.0.131.119 224.0.131.87 233.130.124.103 233.130.124.119 233.130.124.87
31 30531 224.0.62.190 224.0.73.190
32 30532 224.0.62.191 224.0.73.191
33 30533 224.0.131.104 224.0.131.120 224.0.62.21 224.0.131.88 233.130.124.104 233.130.124.120 224.0.73.21 233.130.124.88

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period. Notice will be given that the
distribution will change on a certain date. Care should be taken to support mappings in these tables via software configuration.

Table 126. EDGX Options Addr

Address/Unit
ess/Unit Distribution - Secondar
Secondaryy Datacenter
Datacenter,, Pr
Production
oduction

EDGX OPTIONS 5G-SH

5G-SHAPED
APED [EE]
SECOND
SECONDAR
ARY
YDDA
ATACEN
CENTER
TER
174.136.176.112/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESPONSE MC
1 31901
2 31902
233.19.3.16 233.19.3.17
3 31903
4 31904
5 31905
6 31906
233.19.3.18 233.19.3.19
7 31907
8 31908
9 31909
10 31910
233.19.3.20 233.19.3.21
11 31911
12 31912
13 31913
14 31914
233.19.3.22 233.19.3.23
15 31915
16 31916
17 31917
18 31918 233.19.3.24 233.19.3.25
19 31919

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 162
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

EDGX OPTIONS 5G-SH

5G-SHAPED
APED [EE]
SECOND
SECONDAR
ARY
YDDA
ATACEN
CENTER
TER
174.136.176.112/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESPONSE MC
20 31920
21 31921
22 31922
233.19.3.26 233.19.3.27
23 31923
24 31924
25 31925
26 31926
233.19.3.28 233.19.3.29
27 31927
28 31928
29 31929
30 31930
31 31931 233.19.3.30 233.19.3.31
32 31932
33 31933

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period. Notice will be given that the
distribution will change on a certain date. Care should be taken to support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 163
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

US E
Equities
quities Cer
Certification
tification Envir
Environment
onment Configur
Configuration
ation
US E
Equities
quities B
BY
YX/EDGA/EDGX Unit/Symbol Distribution
The following table describes the Cboe symbol distribution across units.

Table 127. US E
Equities
quities B
BY
YX/EDGA/EDGX Unit/Symbol Distribution - Cer
Certification
tification

UNI
UNITT SYMBOL RANGE ST
STAR
ART
T
1 A
2 AIV
3 AT
4 BIE
5 CAU
6 CNP
7 CXX
8 DRJ
9 ELT
10 EX
11 FNW
12 GLE
13 HEI
14 IEM
15 IWF
16 JPN
17 LNC
18 MIN
19 NE
20 OGT
21 PGB
22 QLE
23 RSX
24 SHQ
25 SPZ
26 TDC
27 TSR
28 URJ
29 VLO
30 WEB
31 XLF
32 All Cboe Listed Securities

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 164
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

BZX Unit/Symbol Distribution

The following table describes the Cboe symbol distribution across units for BZX Exchange. Note
that the unit distribution differs from other Cboe US Equity Exchanges as a result of additional
Matching Units that have been allocated specifically to the BZX Exchange platform in support of
Cboe Listed Securities.

Table 128. BZX Unit/Symbol Distribution - Cer

Certification
tification

UNI
UNITT SYMBOL RANGE UNI
UNITT SYMBOL RANGE
1 A-AIUZZ 19 NE-OGSZZ
2 AIV-ASZZZ 20 OGT-PGAZZ
3 AT-BIDZZ 21 PGB-QLDZZ
4 BIE-CATZZ 22 QLE-RSWZZ
5 CAU-CNOZZ 23 RSX-SHPZZ
6 CNP-CXWZZ 24 SHQ-SPYZZ
7 CXX-DRIZZ 25 SPZ-TDBZZ
8 DRJ-ELSZZ 26 TDC-TSQZZ
9 ELT-EWZZZ 27 TSR-URIZZ
10 EX-FNVZZ 28 URJ-VLNZZ
11 FNW-GLDZZ 29 VLO-WEAZZ
12 GLE-HEHZZ 30 WEB-XLEZZ
13 HEI-IELZZ 31 XLF-ZZZZZ
14 IEM-IWEZZ 32* All non-IPO Cboe corporate listings and all Cboe
15 IWF-JPMZZ 33* Listed ETPS. Specific unit assignments may be
16 JPN-LNBZZ 34* obtained via the CSV file generated each
morning at 2 a.m. ET daily.
17 LNC-MIMZZ 35* All IPO Cboe corporate listings and test symbols
ZBZX, ZTEST.
18 MIN-NDZZZ

*Unit ONLY supports Cboe Listed Securities.

Note - Cboe reserves the right to add units and/or change symbol distribution with 48 hours of
notice and no migration period. Notice will be given that the distribution will change on a certain
date. Care should be taken to support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 165
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Equities Cer
Certification
tification Multicast Routing P
Par
arameters
ameters

Table 129. Equities Cer

Certification
tification Multicast Routing P
Par
arameters
ameters - Cer
Certification
tification

DATA CEN
CENTER
TER RENDEZV
RENDEZVOUS
OUS POIN
POINTT
Primary Certification Data Center 74.115.128.129

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 166
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

BZX Addr
Address/Unit
ess/Unit Distribution
The following table describes the unit distribution across certification BZX Exchange Multicast
PITCH feeds out of the Primary datacenter.

Table 130. BZX Addr

Address/Unit
ess/Unit Distribution - Primar
Primaryy Datacenter
Datacenter,, Cer
Certification
tification

PRIM
PRIMAR
ARY
Y CER
CERTIFICA
TIFICATION
TION
DATACEN
CENTER
TER 174.136.174.80/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESP
RESP.. MC
1 32001
2 32002
3 32003
4 32004
5 32005
6 32006
7 32007
8 32008
224.0.74.236 224.0.74.237
9 32009
10 32010
11 32011
12 32012
13 32013
14 32014
15 32015
16 32016
17 32017
18 32018
19 32019
20 32020
21 32021
22 32022
23 32023
24 32024
25 32025
26 32026 224.0.74.238 224.0.74.239
27 32027
28 32028
29 32029
30 32030
31 32031
32 32032
33 32033
34 32034
35 32035

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period.
Notice will be given that the distribution will change on a certain date. Care should be taken to
support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 167
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

BZX Simulated DR Addr

Address/Unit
ess/Unit Distribution
The following table describes the unit distribution across certification BZX Exchange Multicast
PITCH feeds out of the Primary datacenter.

Table 131. BZX Simulated DR Addr

Address/Unit
ess/Unit Distribution - Cer
Certification
tification

DR CER
CERTIFICA
TIFICATION
TION
SIMUL
SIMULAATED DR D
DAATA CEN
CENTER
TER
174.136.174.232/29

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESP
RESP.. MC
1 32001
2 32002
3 32003
4 32004
5 32005
6 32006
7 32007
8 32008
224.0.74.212 224.0.74.213
9 32009
10 32010
11 32011
12 32012
13 32013
14 32014
15 32015
16 32016
17 32017
18 32018
19 32019
20 32020
21 32021
22 32022
23 32023
24 32024
25 32025
26 32026 224.0.74.214 224.0.74.215
27 32027
28 32028
29 32029
30 32030
31 32031
32 32032
33 32033
34 32034
35 32035

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period.
Notice will be given that the distribution will change on a certain date. Care should be taken to
support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 168
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

BYX Addr
Address/Unit
ess/Unit Distribution
The following table describes the unit distribution across certification BYX Exchange Multicast
PITCH feeds out of the Primary datacenter.

Table 132. BYX Addr

Address/Unit
ess/Unit Distribution - Primar
Primaryy Datacenter
Datacenter,, Cer
Certification
tification

CER
CERTIFICA
TIFICATION
TION
PRIM
PRIMAR
ARY
YDDA
ATACEN
CENTER
TER
174.136.174.144/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESP
RESP.. MC
1 32201
2 32202
3 32203
4 32204
5 32205
6 32206
7 32207
8 32208
224.0.74.232 224.0.74.233
9 32209
0 32210
11 32211
12 32212
13 32213
14 32214
15 32215
16 32216
17 32217
18 32218
19 32219
20 32220
21 32221
22 32222
23 32223
24 32224
224.0.74.234 224.0.74.235
25 32225
26 32226
27 32227
28 32228
29 32229
30 32230
31 32231
32 32232

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period.
Notice will be given that the distribution will change on a certain date. Care should be taken to
support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 169
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

EDGA Addr
Address/Unit
ess/Unit Distribution
The following tables describe the unit distribution across certification EDGA Exchange Multicast
PITCH feeds out of the Primary datacenter.

Table 133. EDGA Addr

Address/Unit
ess/Unit Distribution - Primar
Primaryy Datacenter
Datacenter,, Cer
Certification
tification

PRIM
PRIMAR
ARY
Y CER
CERTIFICA
TIFICATION
TION
DATACEN
CENTER
TER 174.136.174.16/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESP
RESP.. MC
1 32401
2 32402
3 32403
4 32404
5 32405
6 32406
7 32407
8 32408
224.0.74.224 224.0.74.225
9 32409
10 32410
11 32411
12 32412
13 32413
14 32414
15 32415
16 32416
17 32417
18 32418
19 32419
20 32420
21 32421
22 32422
23 32423
24 32424
224.0.74.226 224.0.74.227
25 32425
26 32426
27 32427
28 32428
29 32429
30 32430
31 32431
32 32432

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period.
Notice will be given that the distribution will change on a certain date. Care should be taken to
support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 170
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

EDGX Addr
Address/Unit
ess/Unit Distribution
The following tables describe the unit distribution across certification EDGX Exchange Multicast
PITCH feeds out of the Primary datacenter.

Table 134. EDGX Addr

Address/Unit
ess/Unit Distribution - Primar
Primaryy Datacenter
Datacenter,, Cer
Certification
tification

PRIM
PRIMAR
ARY
Y CER
CERTIFICA
TIFICATION
TION
DATACEN
CENTER
TER 174.136.174.48/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESP
RESP.. MC
1 32301
2 32302
3 32303
4 32304
5 32305
6 32306
7 32307
8 32308
224.0.74.228 224.0.74.229
9 32309
10 32310
11 32311
12 32312
13 32313
14 32314
15 32315
16 32316
17 32317
18 32318
19 32319
20 32320
21 32321
22 32322
23 32323
24 32324
224.0.74.230 224.0.74.231
25 32325
26 32326
27 32327
28 32328
29 32329
30 32330
31 32331
32 32332

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period.
Notice will be given that the distribution will change on a certain date. Care should be taken to
support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 171
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

US Options Cer
Certification
tification Envir
Environment
onment Configur
Configuration
ation
US Options Unit/Pr
Unit/Product
oduct Distribution
UNI
UNITT BZX/C1/C2/EDGX SYMBOL RANGE EX
EXCEPTIONS
CEPTIONS
1 A - AIPA~
2 AIPB - AO~
3 AP - AVGO~
4 AVGP - BOIL~
5 BOIM - CMPR~ Excludes CBTX, CBTXW
6 CMPS - CSIQ~
7 CSIR - DJTA~
8 DJTB - FARO~ Excludes DJX
9 FARP - GLC~
10 GLD - HAYW~
11 HAYX - IYWA~ Excludes IWM
12 IYWB - LMTA~
13 LMTB - MES~ Excludes MBTX, MBTXW
14 MET - MRM~
15 MRN - MSTR~ Excludes MRUT
16 MSTS - NKEA~ Excludes MXACW, MXEA, MXEF, MXUSA, MXWLD, NANOS
17 NKEB - PDC~ Excludes NVDA, OEX
18 PDD - RDDS~ Excludes QQQ
19 RDDT - SEAA~ Excludes RLG, RLV, RUI, RUT/RUTW
20 SEAB - SMHA~ Excludes SIXB, SIXC, SIXE, SIXI, SIXR, SIXRE, SIXT, SIXU,
SIXV, SIXY
21 SMHB - TEQ~ Excludes SPEQX, SPESG, SPX/SPXW, SPY
22 TER - TTC~ Excludes TSLA
23 TTD - VB~ Excludes UKXM, VIX, VIXW
24 VC - WYNN~
25 WYNO - Z~ Excludes XEO, XSP
26 NVDA
27 TSLA
28 QQQ
29 IWM
30 SPY

Table 135. Units 31-35

UNI
UNITT BZX/C2 SYMBOL RANGE C1 SYMBOL RANGE
31 DJX (C2 Only), RUT (BZX and C2 Only), RUTW (C2 CBTX, CBTXW, DJX, MBTX, MBTXW, MRUT, MXACW, MXEA,
Only) MXEF, MXUSA, MXWLD, OEX, RLG, RLV, RUI, RUT, RUTW,
SIXB, SIXC, SIXE, SIXI, SIXR, SIXRE, SIXT, SIXU, SIXV, SIXY,
SPEQX, SPESG, UKXM, XEO
32 N/A NANOS, VIX, VIXW, XSP
33 N/A SPX
34 N/A SPXW
35 N/A SPX/SPXW, Cross Product Spreads

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 172
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Note - Cboe reserves the right to add units and/or change symbol distribution with 48 hours of
notice and no migration period. Notice will be given that the distribution will change on a certain
date. Care should be taken to support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 173
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Options Cer
Certification
tification Multicast Routing P
Par
arameters
ameters

Table 136. Options Multicast Routing P

Par
arameters
ameters - Cer
Certification
tification

PRIM
PRIMAR
ARY
Y CER
CERTIFICA
TIFICATION
TION D
DAATA CEN
CENTER
TER RENDEZV
RENDEZVOUS
OUS POIN
POINTT
BZX, C2, EDGX 74.115.128.129
C1 74.115.128.131

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 174
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

BZX Options Addr

Address/Unit
ess/Unit Distribution
The following table describes the unit distribution across certification BZX Options Multicast PITCH
feeds out of the Primary datacenter.

Table 137. BZX Options Addr

Address/Unit
ess/Unit Distribution - Primar
Primaryy Datacenter
Datacenter,, Cer
Certification
tification

PRIM
PRIMAR
ARY
Y CER
CERTIFICA
TIFICATION
TION
DATACEN
CENTER
TER 174.136.174.112/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESP
RESP.. MC
1 32101
2 32102
3 32103
4 32104
5 32105
6 32106
7 32107
8 32108
224.0.74.240 224.0.74.241
9 32109
10 32110
11 32111
12 32112
13 32113
14 32114
15 32115
16 32116
17 32117
18 32118
19 32119
20 32120
21 32121
22 32122
23 32123
24 32124
25 32125 224.0.74.242 224.0.74.243
26 32126
27 32127
28 32128
29 32129
30 32130
31 32131
32 32132
33 32133

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period.
Notice will be given that the distribution will change on a certain date. Care should be taken to
support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 175
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

C1 Options Addr
Address/Unit
ess/Unit Distribution
The following table describes the unit distribution across certification C1 Options Multicast PITCH
feeds out of the Primary datacenter.

Table 138. C1 Options Addr

Address/Unit
ess/Unit Distribution - Primar
Primaryy Datacenter
Datacenter,, Cer
Certification
tification

PRIM
PRIMAR
ARY
Y CER
CERTIFICA
TIFICATION
TION
DATACEN
CENTER
TER 170.137.126.16/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESP
RESP.. MC
1 32301
2 32302
3 32303
4 32304
5 32305
6 32306
7 32307
8 32308
233.103.126.0 233.103.126.2
9 32309
10 32310
11 32311
12 32312
13 32313
14 32314
15 32315
16 32316
17 32317
18 32318
19 32319
20 32320
21 32321
22 32322
23 32323
24 32324
25 32325
26 32326 233.103.126.1 233.103.126.3
27 32327
28 32328
29 32329
30 32330
31 32331
32 32332
33 32333
34 32334
35 32335

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period.
Notice will be given that the distribution will change on a certain date. Care should be taken to
support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 176
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

C2 Options Addr
Address/Unit
ess/Unit Distribution
The following table describes the unit distribution across certification C2 Options Multicast PITCH
feeds out of the Primary datacenter.

Table 139. C2 Options Addr

Address/Unit
ess/Unit Distribution - Primar
Primaryy Datacenter
Datacenter,, Cer
Certification
tification
PRIM
PRIMAR
ARY
Y CER
CERTIFICA
TIFICATION
TION
DATACEN
CENTER
TER 174.136.160.80/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESP
RESP.. MC
1 32201
2 32202
3 32203
4 32204
5 32205
6 32206
7 32207
8 32208
224.0.74.164 224.0.74.166
9 32209
10 32210
11 32211
12 32212
13 32213
14 32214
15 32215
16 32216
17 32217
18 32218
19 32219
20 32220
21 32221
22 32222
23 32223
24 32224
224.0.74.165 224.0.74.167
25 32225
26 32226
27 32227
28 32228
29 32229
30 32230
31 32231
32 32232
33 32233

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period.
Notice will be given that the distribution will change on a certain date. Care should be taken to
support mappings in these tables via software configuration.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 177
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

EDGX Options Addr

Address/Unit
ess/Unit Distribution
The following table describes the unit distribution across certification EDGX Options Multicast
PITCH feeds out of the Primary datacenter.

Table 140. EDGX Options Addr

Address/Unit
ess/Unit Distribution - Primar
Primaryy Datacenter
Datacenter,, Cer
Certification
tification
PRIM
PRIMAR
ARY
Y CER
CERTIFICA
TIFICATION
TION
DATACEN
CENTER
TER 174.136.174.176/28

UNI
UNITT IP POR
PORT
T REAL-TIME MC GAP RESP
RESP.. MC
1 32501
2 32502
3 32503
4 32504
5 32505
6 32506
7 32507
8 32508
224.0.74.244 224.0.74.245
9 32509
10 32510
11 32511
12 32512
13 32513
14 32514
15 32515
16 32516
17 32517
18 32518
19 32519
20 32520
21 32521
22 32522
23 32523
24 32524
224.0.74.246 224.0.74.247
25 32525
26 32526
27 32527
28 32528
29 32529
30 32530
31 32531
32 32532
33 32533

Note - Cboe reserves the right to add multicast addresses with prior notice, but no migration period.
Notice will be given that the distribution will change on a certain date. Care should be taken to
support mappings in these tables via software configuration.

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Options T
Trrade Condition Codes
The following table defines valid values for the Trade Condition field.

Table 141. Options Trade Condition Codes

TYPE FIELD V
VAL
ALUE
UE
a Single Leg Auction Non ISO
Cboe auction types include AIM, SAM
b Single Leg Auction ISO
Cboe auction types are AIM ISO, SAM ISO
c Single Leg Cross Non ISO
Cboe auction types include Cust to Cust AIM, QCC
d Single Leg Cross ISO
Cboe order type is Cust to Cust AIM ISO
e Single Leg Floor Trade
f Complex to Complex Electronic Trade
Cboe auction type is COA
g Complex Auction Trade
Cboe order types include C-AIM, C-SAM
h Complex Cross
Cboe auction types include Cust to Cust C-AIM, C-QCC
j Complex Electronic Trade Against Single Leg(s)
k Complex with Stock Options Auction Trade
Cboe auction types include C-AIM w/ Stock, C-SAM w/ Stock
m Complex Floor Trade Against Single Leg(s)
All complex floor executions are reported as condition ‘m’.
n Complex with Stock Electronic Trade
Includes COA auctions done electronically
o Complex with Stock Cross
Cboe auction types include C-QCC w/ Stock
p Complex with Stock Floor Trade
t Complex Floor Trade of Proprietary Products Marked as "Combo Order"
u Multilateral Compression Trade of Proprietary Products
v Extended Hours Trade. Transaction represents a trade executed during the Curb session.
I Electronic Trade
K Cabinet Order. Will continue to be disseminated on the Options PITCH and TOP feeds but will not be sent to
OPRA.
O Opening Trade. Will continue to be disseminated on the Options PITCH and TOP feeds but will not be sent to
OPRA.
S ISO

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 179
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Connectivity
Suppor
Supported
ted Extr
Extranet
anet Carriers
The WAN-Shaped feed will be made available to customers through extranet carriers that have
completed their multicast implementation and certified with Cboe on a per-market basis. Cboe has
certified a number of carriers defined in the Cboe US Equity/Options Connectivity Manual with
respect to redistribution of Cboe Multicast data feeds. For more information on receiving Multicast
PITCH through any of these providers, reach out to the vendor contact noted in the Extranet
Providers section of the Connectivity Manual.

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Bandwidth Recommendation
The Gig-shaped feeds require 1Gbps of bandwidth while the WAN-shaped feeds require 100Mbps
of bandwidth. 5-Gig feeds require at least one 10 Gbps connection that is provisioned for 5-Gig
options feeds. Cboe will use 90% of these respective bandwidths for Multicast PITCH to allow
members to use the same physical connection for FIX order entry if desired.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 181
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Multicast T
Test
est Pr
Progr
ogram
am
The ZIP file located at https://cdn.cboe.com/resources/membership/mcast_pitch.zip contains a
sample program that may be used to test Multicast PITCH feed connections and to troubleshoot
Multicast issues. Refer to the included README file for build and usage information.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 182
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Ref
Refer
erences
ences
For more information on Cboe Symbology, please refer to the Cboe Symbology Reference.

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Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Suppor
Supportt
Please direct questions or comments regarding this specification to [email protected].

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 184
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

Re
Revision
vision Hist
Histor
oryy
DOCUMEN
DOCUMENTT
DATE DESCRIPTION
VERSION
2.0.0 12/19/08 Initial version 1.0.0.
2.0.1 12/26/08 Correction to Hdr Sequence example.
2.0.2 01/06/09 Symbol distribution update, IP information added.
2.0.3 01/08/09 Symbol distribution update.
2.0.4 01/12/09 Added Source IP and RP information.
2.0.5 01/16/09 Reference added for Multicast PITCH test program.
2.0.6 01/21/09 Length on Trade - Short example created.
2.1.0 01/29/09 Added information on Spin Servers & WAN Source Ips.
2.2.0 05/27/09 Added FLAG fields to the Add and Modify messages.
2.2.1 06/03/09 Added certification environment details.
2.3.0 08/11/09 Removed BOLT references.
2.4.0 10/05/09 Added extensions for options symbol mapping.
2.5.0 11/13/09 Updated to new technical specification template.
Modified Side Indicator to always be "B" regardless of resting side.
Added list of Extranets supporting Multicast PITCH redistribution for WAN-shaped feeds.
2.5.1 12/01/09 Missing Price row added to Order Executed at Price/Size message.
Multicast PITCH settings for Options Certification added.
2.5.2 12/14/09 Added logic for decoding internal matched vs. routed trades via Execution ID.
2.6.0 01/12/10 Expanded Form created for Add Order and Trade messages.
Added Symbol Distribution for US Options Production.
Updated Supported Carriers.
2.6.1 02/10/10 Added Multicast IP Ports for US Options Production.
2.6.2 02/11/10 Corrected "length" in example 11.25.
2.6.3 02/19/10 Modified source Multicast addresses for US Options Production in Section 7.4.
2.6.4 02/26/10 Updated Supported Carriers in Section 13.1 to highlight Equities vs. Options market differences.
2.6.5 04/06/10 Expanded Form implemented for Add Order and Trade messages for 8-character symbol support
2.7.0 04/16/10 Added references for BYX Equity Exchange.
BYX Multicast address tables added in Sections 6.5, 6.6 and 8.4.
Converted Feed IDs to 2 character format.
2.7.1 06/02/10 Completed updates to table in Section 6.6 for BYX detailing production address/unit distribution.
2.7.2 06/09/10 Obfuscate Trade message Order IDs by default
2.7.3 07/20/10 SAVVIS COIN B certified to redistribute Multicast PITCH for Bats Options.
2.8.0 08/16/10 Added "Order Representation" section.
Described OrderID obfuscation logic for reserve and hidden orders.
Updated feed symbol distribution for Bats Options.
Reordered various sections.
2.9.0 09/03/10 Added Trading Status message definition.
Added ability to receive Trading Status messages during a spin.
2.9.1 09/16/10 Updated Rendezvous Point addresses for BYX.
2.9.2 09/21/10 Corrected minor typo in Trading Status message type description.
2.9.3 10/05/10 Corrected typo in BYX WAN Shaped Gap response IP address.
2.9.4 11/09/10 Clarified Modify Order messages were a category of messages and not a specific message type.
2.9.5 01/07/11 Order Executed at Price/Size message clarification.
2.9.6 02/02/11 Clarified that Trading Status messages are presently applicable to Equities only.
2.9.7 04/14/11 Corrected BYX Certification Gap response IP address.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 185
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

DOCUMEN
DOCUMENTT
DATE DESCRIPTION
VERSION
2.10.0 05/09/11 Added Auction Update message. Effective Date 10/7/11.
2.10.1 05/25/11 Corrected Options Production symbol distribution table. Distribution has been in effect since 05/02/11.
2.10.2 06/06/11 Various changes based on feedback and internal discussions.
2.10.3 06/27/11 Minor formatting update.
2.10.4 07/22/11 Minor corrections to Auction Update messages applied.
Spin Session Example updated to include references to Trading Status and Auction Update messages.
Updated Options Production symbol distribution table. Distribution to be effective 07/27/11.
2.10.5 08/01/11 Added Quote-Only Halt Status in preparation for support of future Bats Listings.
Minor formatting updates.
2.11.0 09/09/11 Added Auction Update message. Effective date 10/7/11.
The first character of Execution IDs will use "C" for Auction Fills. Effective date 10/7/11.
2.11.1 10/21/11 Updated Example Messages with an Execution ID that meets the criteria defined in Section 2.5.
2.12.0 11/16/11 Published plans to convert from 24 units to 32 units in Bats Options effective 12/12/11 in production and
from 2 to 8 matching units in certification on 11/28/11.
2.12.1 12/10/11 Removed references to previous unit distributions.
2.13.0 01/31/12 Published plans to convert from 12 units to 32 units in Bats BYX Exchange production environment effec
02/25/12.
2.13.1 02/01/12 Minor clarification added to Modify Order description.
2.13.2 02/14/12 Changed Symbol Range Start on unit 23 for BYX Exchange from ‘SA’ to ‘S’.
2.14.0 02/29/12 Published plans to convert from 12 units to 32 units in Bats BZX Exchange production environment effec
04/14/12 (postponed to 05/12/12).
2.15.0 03/07/12 Added 4 byte MPID to the Add Order (expanded) message. Effective 5/7/12.
2.15.1 04/02/12 Updated effective date of 12 unit to 32 unit conversion for Bats BZX Exchange to be 05/12/12.
2.15.2 05/04/12 Cleaned up some errata in the section 8 Example Messages.
2.15.3 05/17/12 Removed references to previous unit distributions for BZX Exchange.
2.16.0 06/01/12 Added multicast IP addresses for Chicago, IL (CIL) secondary data center.
2.16.1 06/06/12 Updated multicast port ranges for CIL market data feeds.
2.17.1 08/07/12 Removed multicast IP addresses for Nutley, NJ (NNJ) secondary data center.
2.17.2 08/13/12 Updated Feed Descriptions with correct information following secondary datacenter migration.
2.18.0 09/14/12 Added Unit Clear message. Effective date 02/15/13.
Added Retail Price Improvement message support for the BYX Exchange. Effective date 11/05/12 (test
symbols) and 01/11/13 (other defined symbols).
2.19.0 11/15/12 Added multicast IP addresses for Weehawken, NJ redundant primary feeds (ZB, ZD, YB, YD, OB, OD).
Availability date of the new feeds to be determined.
2.19.1 11/29/12 Fixed typo on multicast address tables for BYX and Options.
2.19.2 03/28/13 Revised OA and YA feed emitter source IP addresses. Effective date 04/15/13 and 04/22/13 respectively
2.19.3 04/24/13 Added YB/YD release date - effective May 3, 2013.
Added OB/OD release date - effective May 7, 2013.
Added ZB/ZD release date - effective May 9, 2013.
Removed old OA and YA feed emitter source IP addresses.
2.19.4 05/01/13 Fixed source IP address typo on BZX ZB feed.
2.19.5 05/15/13 Removed redundant feed (B/D) effective dates.
2.19.6 05/28/13 Added field to Symbol Mapping Message type for Symbol Condition - effective July 18, 2013.
2.19.7 06/06/13 Added Unit Auction Summary (0x96), Unit Clear (0x97) and Retail Price Improvement (0x98) to list of
message types.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 186
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

DOCUMEN
DOCUMENTT
DATE DESCRIPTION
VERSION
2.20.0 08/19/13 Updated symbol distributions for BYX and BZX Exchange certification and production environments to
accommodate a unit dedicated Bats Listed securities. Added 3rd Unit to BYX and BYX Exchange certifica
environments.
2.20.1 08/28/13 Updated BZX and BYX Equities GRP second request limits to 320/second.
2.20.2 09/11/13 Updated BZX Options GRP second request limit to 320/second.
2.20.3 10/05/13 GRP Retransmission limits updated to session based limits. Effective 10/10/13 for Options and 10/11/13
Equities.
2.20.4 01/29/14 Updated Trading Status message definition to include Options market. Effective 03/06/14.
2.30.0 04/04/14 Version of Multicast PITCH Specification for the NY5 data center supporting EDGA, EDGX, BYX, BZX and B
Options Exchange.
Requirement of Spin Request to match Spin Image Available sequence numbers has been relaxed. Effect
on BYX, BZX and Options on 10/03/14.
Spin Response Status of ‘O’ no longer supported.
Trading Status of ‘H’ will be implied at system startup and ‘T’ will be sent as securities are available for
trading. Effective on BYX, BZX and Options on 10/03/14.
Add Order Expanded ParticipantID may indicate "RTL" for retail specified orders in equities.
2.30.1 04/30/14 Changed Add Order Expanded ParticipantID from being able to indicate "RTL" to "RETL" for retail spec
orders in equities.
2.30.2 06/05/14 Changed Add Order Expanded ParticipantID from being able to indicate "RETL" to "RTAL" for retail
specified orders in equities. Effective on BYX and BZX on 10/03/14.
2.30.3 08/01/14 Trading Status of ‘A’ will be distributed when Bats equity markets are accepting orders for queuing i
preparation for the market open. Effective on BYX, BZX on 11/14/14.
Trading Status of ‘Q’ will be distributed when Bats equity markets are accepting orders for queuing i
preparation for the market open. Effective on Bats Options on 10/03/14.
Trading Status of ‘S’ will be used to indicate an Exchange specific suspension in trading. Effective o
BYX, BZX and Options on 10/03/14.
Trading Status of ‘H’ will be implied at system startup. Spins will include a Trading Status message
every symbol that has not been Halted (‘H’) since system startup. Effective on BYX, BZX and Options on 1
03/14.
Updated Multicast configuration addresses defined throughout Chapter 9 for NY5.
2.30.4 08/05/14 Added references back into this specification for NJ2 multicast addressing for BYX and BZX Exchange
(production).
2.30.5 08/07/14 Spin Response Status of ‘O’ will continue to be supported. Effective 10/03/14 it will only be sent when
Sequence requested is greater than Sequence available by the next spin.
2.30.6 09/12/14 Added clarification to symbol distributions to include EDGA and EDGX markets.
2.31.0 10/07/14 Removed references to changes effective 10/3/14.
Add clarification to Spin Response to allow for zero order count where only messages available are
Trading Status or Time messages.
2.31.1 10/27/14 Trading Status of ‘S’ will be implied at system startup. Effective 11/10/14 on Bats Options and 11/1
on BYX/BZX Exchange.
Trading Status messages will be sent in spins for all symbols that are not "S"uspended. Effective 11/
14 in Bats Options and effective 11/14/14 in BYX/BZX.
2.32.0 01/21/15 Specification title change.
2.32.1 01/22/15 Updated multicast addressing tables for BYX, BZX and Bats Options production environments in NY5 to
highlight availability dates.
2.32.2 05/05/15 Update name change for Bats Options Exchange to BZX Options Exchange.
2.32.3 05/18/15 Removed all references to NJ2 datacenter.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 187
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

DOCUMEN
DOCUMENTT
DATE DESCRIPTION
VERSION
2.32.4 07/01/15 Updated ParticipantID field of the Add Order Expanded message to include "CUST" for customer orders
EDGX Options.
Added EDGX Options multicast address tables. Addresses to be defined at a later date
2.32.5 07/16/15 Updated multicast addressing tables for EDGX Options production and certification environments in NY5
2.32.6 07/24/15 Updated multicast addressing tables for EDGX Options Secondary in Chicago. Updated multicast port
numbers for all EDGX Options feeds.
2.32.7 08/10/15 Updated rendezvous points for certification and the EDGX Options Exchange.
2.33.0 09/09/15 BZX Exchange address, unit distribution and symbol distribution updates effective 09/15/15 for certificat
and 10/19/15 for production. Changes in support of 3 new matching engines added for Bats Listed
Securities.
Only Gig-Shaped Feeds will be supported initially for EDGX Options. Eliminated WAN-Shaped Feed referen
2.33.1 09/21/15 Correction to BZX Exchange CH4 multicast IP assignment for new units 33-35, effective 10/19/15.
2.33.2 09/24/15 Eliminating WAN-Shaped Feeds for BZX Options effective 12/04/15.
2.34.0 12/08/15 Adding 5G-Shaped Feeds to NY5 data center for BZX Options and EDGX Options effective 01/22/16.
2.35.0 12/15/15 Symbol distribution updates effective 01/30/16 in production for EDGX Options and effective 02/06/16 in
production for BZX Options. Effective for both options certification environments 01/08/16.
2.35.1 01/06/16 Updated symbol distribution for BZX/EDGX Options effective 01/08/16 in certification.
2.35.2 01/14/16 New source addresses for BZX/EDGX Options effective 01/22/16 updated.
2.36.0 01/22/16 Added Customer Indicator field to Add Order Expanded and removed the usage of ‘CUST’ in the
ParticipantID field for EDGX Options. Changes will be effective for all equities and options certifications
environments effective 02/02/16 and production environments effective 03/01/16.
2.37.0 02/19/16 Updated symbol distribution for BZX/EDGX Options to remove reference to retired distribution
Bats branding/logo changes.
2.37.1 02/24/16 Customer Indicator and ParticipantID field changes referenced in 2.36.0 postponed to be delivered effective
29/16.
2.37.2 04/07/16 Updated Example 8.13 to have the Customer Indicator and ParticipantID fields
Added symbol "BATS" to BZX unit 35
2.37.3 05/17/16 Updated Trading Status to support Options Quoting Period change to 7:30 am ET.
Modified Multicast PITCH Feeds Description to include 5-Gig Options feeds.
Added support to "EDGX Options SUM Auctions" for:
Auction Notification, Auction Cancel and Auction Trade message types effective 07/11
2.37.4 06/28/16 Removal of NBBO Price from Auction Notification Message and set message length to 43 bytes.
2.37.5 08/01/16 Added support for BAM Auctions.
2.37.6 09/06/16 Updated BZX Certification Unit/Symbol Distribution
Added Simulated DR Multicast Address/Unit Distribution
2.37.7 01/06/17 Updated BZX Certification Unit/Symbol Distribution
Updated description of Auction Trade message type.
2.37.8 04/11/17 Updated Unit/Symbol Distributions for BYX/EDGA/EDGX/BZX Production. Effective 5/22/2017
Updated Unit/Symbol Distributions for BYX/EDGA/EDGX/BZX Certification. Effective 5/8/2017
2.37.9 09/01/17 Added C2 Options references.
2.37.10 10/17/17 Cboe branding logo changes.
2.38.0 11/27/17 Added C2 Options Certification IP and Port information.
Added RUT, RUTW options (C2 Options Only) to distinct unit (unit 33).
Added clarification to handling of Order Executed at Price/Size message.
Added Trade Condition to trade related messages for options only. Effective 1/16/2018.
2.38.1 02/05/18 Corrected the dissemination times listed for AuctionUpdate messages in BZX Equities.
Trading Status of "A" is valid for equities only.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 188
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

DOCUMEN
DOCUMENTT
DATE DESCRIPTION
VERSION
Added C2 Options Production IP and Port information.
Improved distribution of Symbol Mapping Messages Effective 3/2/2018.
2.38.2 03/08/18 Updated Options Unit Distribution ranges.
Updated BZX Equities Unit Distribution ranges for units 32-34 (effective in certification on 3/19/18 and
production on 4/12/18).
2.38.3 03/21/18 Added 400SL Secondary Data Center E feed Rendezvous Point for C2.
Added links to Equities Unit Distribution CSV file for both certification and production.
2.38.4 03/23/18 Updated Options Unit Distribution ranges effective date to 4/14/18.
2.39.0 07/03/18 Added support for Cboe Market Close (CMC) in Auction Update and Auction Summary messages
effective TBD.
2.39.1 07/10/18 Execution IDs that start with ‘M’ are Cboe Market Close trades.
2.39.2 08/02/18 Updated symbol distribution list for BZX unit 35.
2.39.3 08/15/18 Updated BZX Options Unit Distribution ranges to support RUT on new unit 33.
2.39.4 08/21/18 Removal of Customer Indicator for C2 Options effective 08/31/18.
2.40.0 11/16/18 Added support for Cboe Options Exchange (C1).
2.40.1 11/21/18 Updated options feed configurations to note that 8 Gb/s and 5 Gb/s feed versions will be offered for C1.
2.40.2 12/06/18 Added notes identifying C1 Feature Pack 4 updates.
2.40.3 12/21/18 Removed Late Trade and Floor Trade values from Trade Condition field, as these were added in error. Adde
note indicating a Top Trade message can also be sent when an auction executes against a non-display
order, such as a contra response (Effective in EDGX with Feature Pack 4).
2.40.4 02/05/19 Removed Bit 4 - Cabinet Order information from pertinent Add Order and Order Executed messages
C1 will not have an electronic book for Cabinet orders.
2.40.5 02/14/19 Added certification IP addresses and unit distribution information for Cboe Options.
2.40.6 03/05/19 Added matching engine unit 33 information in support of XSP trading on EDGX Options effective 04/08/1
Added C1 primary data center rendezvous point IP address and C1 Certification symbol ranges.
Added new table describing what messages are available in a spin for each asset class.
Options Auction Update messages are sent at 5 or 60 second intervals depending on whether there
been a change.
2.40.7 03/26/19 Corrected total length for Symbol Mapping message to 38 bytes.
2.40.8 04/05/19 Correction to EDGX Options Real-time and Gap Response EE Feeds for Unit 33
2.40.9 04/08/19 Additional correction to EDGX Options Real-time and Gap Response EE Feeds for Unit 33.
2.40.10 04/15/19 Added Production IP addresses for C1 Options.
Transaction Begin and Transaction End messages are currently restricted to C1 only.
ClientID in Add Order (expanded) is only sent in Options and is not sent in Equities.
Added DJX to C2 ME 33 in Unit/Product Distribution tables (effective 05/08/19).
2.40.11 04/30/19 Added new 'R' value to the Customer Indicator field in Add Order (expanded) message to indicate a Re
Order on EDGX Equities (effective 07/01/19).
2.40.12 05/01/19 Added notes indicating Auction Summary, Options Auction Update,Transaction Begin,
Transaction End, and Width Update messages will be disseminated for C2 and EDGX options
(effective with C1 Feature Pack 7).
2.40.13 05/08/19 Removed Trading Status field value S = Exchange Specific Suspension from Trading Status message fo
Options, as this was added in error.
Corrected C1 Production 5G-Shaped [CA], [CB} and 8G-Shaped [CC], [CD] network IP addresses.
Corrected description of Width Update message to indicate that message is only sent in the event that
baseline MCW and OCW values are modified from their original state.
2.40.14 05/14/19 Updated Options Auction Update message with Opening Condition = C (Crossed Composite Market)
added Composite Market Bid Price and Composite Market Offer Price fields.

© 2025 Cboe Global Markets, Inc. or one or more of its affiliates. All Rights Reserved 189
Cboe Titanium US Equities/Options Multicast Depth of Book (PITCH) Specification

DOCUMEN
DOCUMENTT
DATE DESCRIPTION
VERSION
Added new SOQ Strike Range Update message.
Updated example for Options Auction Update and added example for SOQ Strike Range Updat
messages.
Added additional proprietary products to matching unit 31 in C1.
2.40.15 05/20/19 Added Constituent Symbol Mapping message with example.
2.40.16 06/12/19 Corrected certification and production C1 symbol range for units 9 and 20.
2.40.17 08/15/19 Added notes indicating Options Auction Update message Opening Condition field values ‘B’ and ‘S’ a
C1 Only.
2.40.18 08/16/19 Updated C1 Options Multicast Routing Parameters for Primary Data Center A and B feeds.
2.40.19 09/17/19 Clarified references to 8 Gig-shaped, 5 Gig-shaped, and 1 Gig-shaped throttles noted in section 9.2.1 to
indicate that Cboe Options does not support a 1 Gig-shaped feed.
Corrected Sequenced Unit Header with 2 Messages example to indicate total of 50 bytes.
2.40.20 10/11/19 Corrected UKXM symbol exclusion entry in Unit Distribution table.
Clarified description of Time message.
Updated effective date for Customer Idicator value R=Retail order. Effective on EDGX Equities only 1
1/19.
2.40.21 10/31/19 Added Options Trade Condition Codes section (effective 01/13/20).
2.40.22 11/12/19 Added note indicating Unit Clear message is sent at the beginning of the day for Equities only.
Added note indicating GTH will be applicable for C1 only as GTH is being sunset for C2 and EDGX (effecti
11/22/19).
2.40.23 12/19/19 Updated Options Trade Condition Codes by adding ‘O’ =Opening Trade and correcting field value descripti
for ‘p’ by removing "Includes Complex Auctions on the Floor". (Effective 01/13/20).
2.40.24 01/3/20 Updated description for Options Trade Condition Code ‘t’ to Complex Floor Trade of Proprietary Products
Marked as "Combo Order".
2.40.25 01/7/20 Added note to Equities Trading Status Message indicating when ‘A’ and ‘T’ values will be disseminated in
support of Managed Portfolio Shares. Effective on BZX Equities, TBD.
2.40.26 01/08/20 Removed l=Complex Auction Against Single Legs(s) from Options Trade Condition Codes table.
2.40.27 01/15/20 Added note indicating Options Auction Update and Auction Summary will be supported on BZX in support of
opening process (effective 01/30/20).
2.40.28 01/21/20 Added note to Options Trade Condition Code table indicating the value i=Complex Floor Trade will be
deprecated effective 1/27/20. Upon the effective date all complex floor executions will be reported as
condition ‘m’.
2.40.29 01/30/20 Corrected Unit Symbol Distribution tables to indicate QQQ is an exception for C1 Unit 20 as it has a dedic
location on Unit 28.
Added effective date for Cboe Market Close on BZX Equities, 3/6/20.
2.41.0 02/28/20 Language describing new sequence rollover behavior in case a given unit exceeds the maximum sequenc
(effective 3/16/20).
Added Spin Server Rollover Usage Example.
Added Gap Server Rollover Usage Example.
2.41.1 03/02/20 Added effective date for new sequence rollover behavior in case a given unit exceeds the maximum
sequence.
2.41.2 08/27/20 Added SPESG to the Unit Symbol Distrbiution tables for C1 unti 31 (effective 9/21/20).
2.41.3 10/05/20 Added SPESG to the Unit Symbols Distribution C1 Exceptions.
2.41.4 10/20/20 Added XSP to the Unit Symbol Distribution tables for BZX and removed it from EDGX (effective 11/2/20).
2.41.5 10/27/20 Corrected description of GTH Trading Status to include value of ‘R’ as this value is currently being
disseminated.
2.41.6 11/10/20 Added note to Equities Trading Status message to indicate new Early Order Acceptance and Early Tra
Session times for EDGX Only (effective 12/7/20).

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2.41.7 12/04/20 Removed note to Equities Trading Status message for Managed Portfolio Shares indicating times wh
‘A’ and ‘T’ values will be disseminated specifically for Managed Portfolio Shares.
Updated effective date of new Early Order Acceptance and Early Trading Session times on Equities
Trading Status to TBD (EDGX Only).
2.41.8 01/22/21 Updated Price field description on Auction Notification message to indicate that for SPX and SPXW
AIM, this field will reflect the auction start price (C1 Only) (effective 02/22/21).
2.41.9 02/01/21 Added MRUT to the Unit/Product Distribution tables for C1 unit 31 (effective 3/01/21).
Added new updated Unit/Product Distribution tables with harmonized symbol ranges (effective 3/22/21).
2.41.10 02/08/21 Updated effective date of new Early Order Acceptance and Early Trading Session times on Equities
Trading Status to 03/08/21 (EDGX Only).
2.41.11 03/03/21 Updated the Delete Order message description.
2.41.12 03/11/21 Updated the Unit Symbols Distribution Exceptions entries (effective 3/22/21).
2.41.13 03/25/21 Added Binary Date field type to Section 2.2 - Data Types (effective 10/10/21 TBD09/27/21Q3 2021).
Added new Time Reference message (effective 10/10/21 TBD09/27/21Q3 2021).
Added EpochTime field to Time message (effective 10/10/21 TBD 09/27/21Q3 2021).
Updated description ofAuction Typefield on Options Auction Update and Auction Summary messages
(effective TBD 09/27/21Q3 2021).
Updated description of GTH Trading Status field on Trading Status message (effective 11/21/21 TBD 0
27/21Q3 2021).
Cleaned up exchange-specific references on auction-related message types.
2.41.14 04/27/21 Added Periodic Auctions to Auction Update and Auction Summary messages (BYX Only) (Effective
14/22 Effective Q3 2021TBD).
2.41.15 05/06/21 Added clarification to the description of heartbeat messages indicating that when the system fails to rece
two consecutive heartbeat messages within the specified interval the client connection is terminated.
Added u=Multilateral Compression Trade of Proprietary Products to Options Trade Condition Codes (Effe
TBD 07/06/21)
2.41.16 05/13/21 Updated Curb session effective date to 02/07/22TBD09/27/21.
Added v=Extended Hours Trade Trade Condition code (effective 01/24/22 TBD09/27/21).
Updated link to Multicast test program.
2.41.17 06/15/21 Updated effective date for extended GTH session to 11/21/21.
2.41.18 06/18/21 Updated Cboe Compression Service Multilateral Compression effective date to TBD 08/12/21.
2.41.19 07/19/21 Updated Periodic Auctions effective date to (Effective 04/14/22 TBD).
2.41.20 07/28/21 Updated Cboe Compression Service Multilateral Compression effective date to 08/12/21.
2.41.21 08/26/21 Updated Sections 4.4 and 4.5 headings to indicate Options Only.
Updated EDGX Order Acceptance starting time to 2:30 a.m. (effective 09/07/21).
Updated Curb session effective date to 02/07/22TBD.
2.41.22 09/09/21 Added Trading Status field value L=Curb Trading(C1 Only) for Trading Status messages (effective 01/2
TBD).
GTH Trading Status field will not be used for Curb session.
Updated description ofAuction Typefield on Options Auction Update and Auction Summary messages
(effectiveTBD).
2.41.23 09/30/21 Updated technical specification hyperlinks.
Updated values for Execution IDs to indicate IDs that start with ‘1’ or ‘2’ are for Cboe Internal Match trades
Updated effective date for new Time Reference message (C1 Options Only), EpochTime field to Time
message (C1 Options Only), and Binary Date field type to Section 2.2 - Data Types to 10/10/21.
Added new section 1.3 - '24x5 Feed Hours and System Restart (C1 Options Only)' (effective 10/10/21).
2.41.24 11/04/21 Corrected example Time message values.
Updated Curb session effective date to 02/07/22.

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Updated effective date for v=Extended Hours Trade Trade Condition code to 01/24/22.
Updated effective date for Trading Status field value ‘ L=Curb Trading' to 01/24/22.
Removed note indicating AuctionType value ‘O’ on the Options Auction Update and Auction Summar
messages will be sent prior to Curb session. This value will only be sent for the RTH Opening.
2.41.25 01/03/22 Updated Delete Order message description.
2.41.26 02/02/22 Added NANOS to the C1 unit 32 Unit/Product Distribution tables (effective 03/14/22).
2.41.27 03/01/22 Removed XSP from the BZX unit 31 Unit/Product Distribution tables.
2.41.28 03/25/22 Updated Periodic Auctions effective date to 04/14/22 (BYX Only).
2.41.29 04/20/22 Added P=Periodic Auction Trade to Execution IDs (BYX Only).
2.41.30 11/07/22 Moved XSP to the C1 unit 32 Unit/Production Distribution tables.
Added XSP to GTH and Curb sessions. (effective 12/11/22).
2.41.31 02/16/23 Updated the Auction Update dissemination time to approximately 3:49 p.m. ET for any symbol with
crossed Cboe Market Close shares (effective 03/10/23).
2.41.32 03/30/23 Clarified RUT is on BZX and C2 Unit 31.
2.41.33 04/17/23 Updated description of Add Flags Bit 0 on Add Order messages.
2.41.34 05/10/23 Added "All non-IPO Cboe corporate listings" to units 32-34 of the BZX Unit/Symbol Distribution table. Effe
06/08/23, symbol CBOE will transition to unit 34 and unit 35 will be reserved for new corporate IPOs and
select test symbols.
Updated Options Order Executed message example.
2.41.35 05/24/23 BYX will disseminate a Retail Price Improvement message when the resting RPI order is priced be
than the NBBO (BYX Only) (effective 06/14/23).
2.41.36 08/30/23 Updated description of Transaction Begin message.
2.41.37 11/08/23 Clarified that C=Auction Fill for Execution IDs is only applicable to Equities.
2.41.38 01/29/24 Added MXACW, MXUSA, and MXWLD to the C1 unit 31 Unit/Product Distribution tables (effective 03/18/2
2.41.39 04/15/24 1G "E" feeds in Secondary Datacenter to be updated to 5G shaping and 1G feeds to be sunset (BZX, C2, a
EDGX Only) (effective 06/22/24 06/15/24).
8G feeds defined (BZX, C2, and EDGX Only) (effective 07/29/24 07/15/24).
2.41.40 05/01/24 Updated 1G sunset date and 1G "E" feed upgrade effective date to 06/22/24.
Updated 8G effective date to 07/29/24.
2.41.41 05/24/24 Updated Gap Response MC IP addresses for 8G-Shaped Feed (Secondary).
2.41.42 07/12/24 Updated 1G "E" feeds in Secondary Datacenter to 5G shaping and sunset 1G feeds. Updated Rendevoux
Points for Primary Data Center Feeds A-D in BZX, C2, and EDGX.
2.41.43 07/22/24 Effective 08/26/24, GTH will be extended until 9:25 a.m. ET (C1 Only).
2.41.44 07/29/24 Removed past effective dates related to 8G-shaped feeds.
2.41.45 08/16/24 Added two Reserved bytes to the Options Add Order Expanded message (effective 10/25/24 on BZX
10/28/24 on C1, C2, and EDGX).
2.41.46 08/20/24 The Options Add Order Expanded message will add five Reserved bytes instead of two (effective 10/2
24 on BZX and 10/28/24 on C1, C2, and EDGX).
2.41.47 09/06/24 Effective 11/13/24, Spin requests made after system start-up will contain a Trading Status message
every symbol, and Trading Status messages will be sent upon system start up rather than at the start
order acceptance (Equities only).
2.41.48 10/09/24 Effective 11/13/24, clarified initial Trading Status messages will be sent upon system start up in add
to sending at the start of order acceptance (Equities only).
2.41.49 11/13/24 Updated Auction Update message to indicate that an Auction Update message will be disseminat
after each crossing session is complete for any symbol with matched CMC shares (effective 01/31/25) (
Equities only).
2.41.50 11/20/24 Formatting updates.

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2.41.51 11/22/24 Added CBTX, CBTXW, MBTX, and MBTXW to the C1 unit 31 Unit/Product Distribution tables (effective 12/
24).
2.41.52 12/13/24 Added new Unit/Product Distribution for Units 1-30 (Options only) (effective 03/31/25).
2.41.53 01/15/25 Updated with Cboe Titanium branding.
2.41.54 03/25/25 Noted in Spin Servers on page 14: a Time message will be sent as the last message in a Spin if the last T
message sent on a Spin is older than the last received time from the internal market data producers.
Added SPEQX to C1 unit 31 unit/product distribution on page 172 (effective 04/14/25).
Added Time Offset data type. Effective 09/08/25, Time Offset fields will be populated to nanosecond prec
2.41.55 03/31/25 BZX Equities will begin sending Trading Status messages with Trading Status = A at 2:30 a.m. ET (effe
05/01/25).
2.41.56 04/21/25 Cboe will disseminate Cboe Closing Auction information every 5 seconds between 3:00 and 3:59 p.m. eve
second between 3:59 and 4:00 p.m. for the Closing Auction (Equities Only) (effective 06/06/25).
2.41.57 06/06/25 Removed that Order Executed at Price/Size messages may also be sent in the event the existing size for
Order Id is not equal to Executed Quantity + Remaining Quantity. Updated Width Update Message (Option
Message Example on page 116 title to indicate the example applies to all Options exchanges.
Removed that Order Executed at Price/Size messages may also be sent in the event the existing
for Order Id is not equal to Executed Quantity + Remaining Quantity.
2.41.58 07/08/25 Added Time Offset data type. Effective 09/08/25, Time Offset fields will be populated to nanosecond
precision.

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