U.S. Options

Effective December 10, 2014, the MIAX Options Fee Schedule will be amended as outlined below only for trading in symbols “EEM, GLD, IWM and QQQ”.

• MIAX will increase the Non-MIAX Market Maker Fee in EEM, GLD, IWM and QQQ to $0.55 (subject to the $0.02 reduction for firms reaching Tier 3 or higher in the priority customer rebate program)
• The MIAX Marketing Fee in EEM, GLD, IWM and QQQ will be increased to $0.37 ONLY in circumstances where a Market Maker trades with a Priority Customer Order which was resting on the MIAX Book prior to receipt of the Market Maker liquidity
  • The Marketing Fee for Market Makers trading with Priority Customer Orders during the Opening, in a Route Timer for that order, in a liquidity refresh pause, or a PRIME auction are not subject to the increased Marketing Fee
  • In all other circumstances, Market Makers trading with a Priority Customer Orders in EEM, GLD, IWM and QQQ are assessed the normal $0.25 Marketing Fee assessed to penny pilot symbols
  • The increased Marketing Fee does not apply to Mini Options

Note that these fee changes for symbol SPY were effective on December 1, 2014. 

All other aspects regarding the Marketing Fee will remain unchanged.  

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