Regulatory Alert

MIAX Options

June 26, 2014 | 03:34 PM

MIAX Options - Fee Changes Effective July 1, 2014 Including Expansion of Priorty Customer $0.20 Rebate Program to 60 MIAX Select Symbols

The MIAX Options Exchange has filed for immediate effectiveness of six filings to amend the MIAX Options Fee Schedule beginning July 1, 2014 as follows:

  1. Expand the number of option classes that qualify for a $0.20 per contract credit for transactions to 60 MIAX Select Symbols
  2. Reduce several testing and certification fees and System connectivity fees for non-Members
  3. Reduce the External Distributor fee for the MIAX Top of Market data feed
  4. Establish a Monthly Firm Fee Cap for transactions fees
  5. Amend the volume tiers for the MIAX Market Maker sliding scale
  6. Increase the transaction fee for non-Member broker-dealers 
The following reflects the updated list of MIAX Select Symbols:

AA, AAL, AAPL, AIG, AMZN, AZN, BP, C, CBS, CLF, CMCSA, EBAY, EEM, EFA, EWJ, FB, FCX, FXI, GE, GILD, GLD, GM, GOOG, GOOGL, HTZ, INTC, IWM, IYR, JCP, JPM, KO, MO, MRK, NFLX, NOK, NQ, PBR, PCLN, PFE, PG, QCOM, QQQ, S, SIRI, SPY, SUNE, T, TSLA, USO, VALE, WAG, WFC, WMB, WY, XHB, XLE, XLF, XLP, XLU, and XOM.

Please refer to the MIAX Regulatory Circular, MIAX_RC_2014_44, for further details.

The MIAX Options Fee Schedule is posted on the MIAX website at content/fees.

Please direct any questions to Shelly Brown at SBrown@miaxglobal.com or (609) 897-7317.

Regulatory inquiries should be directed to Regulatory@miaxglobal.com or (609)-897-7309.