Trading Alert
MIAX Options
May 19, 2015 | 12:52 PM
MIAX Options: Certain Give-Up & CMTA Transactions Subject to ORF Effective May 1, 2015 - Further Clarification
As previously announced, beginning May 1, 2015, trades executed by a MIAX member firm on the MIAX Options Exchange or on an away exchange that are Given-Up to, or CMTA transferred to, a non-member firm on the MIAX Options Exchange or on an away exchange are subject to MIAX’s Options Regulatory Fee (ORF). As a point of further clarification regarding these transactions, while the ORF is an obligation of the MIAX member, consistent with industry practices, OCC on MIAX's behalf will only debit the OCC clearing firm that clears the eligible trade (which may or may not be a MIAX member). Again, please note that there is no change to the amount of the MIAX Options Regulatory Fee.
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.