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Regulatory Alert

MIAX Options

August 26, 2014 | 04:33 PM

MIAX Options - September 1, 2014 Fee Changes - Market Maker Volume Tiers, Transaction Fees & Priority Customer Rebate Program Incentives

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

  1. Amend the MIAX Market Maker sliding scale to change the volume threshold calculations from aggregate numbers to percentages of total national Market Maker volume
  2. Increase the transaction fees for MIAX Market Makers, Public Customers that are not a Priority Customer, Non-MIAX Market Makers, Non-Member Broker-Dealers, and Firms by $0.02 per contract
  3. Provide for additional incentives for achieving certain Priority Customer Rebate Program volume tiers
  4. Adopt transaction fees for market participants in non-Penny Pilot options classes
  5. Provide for additional incentives for achieving certain Priority Customer Rebate Program volume tiers for non-Penny Pilot options classes
Please refer to the MIAX Regulatory Circular, MIAX_RC_2014_65, 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.