U.S. Options

MIAX PEARL (“Exchange”) will implement an Options Regulatory Fee (“ORF”) of $0.0010 per customer contract at the commencement of trading on the Exchange.  The targeted launch date for the Exchange is February 6, 2017.  The Exchange plans to thereafter only increase or decrease the ORF semi-annually, and any such fee change will be effective on the first business day of February or August.  The Exchange will notify participants via a Regulatory Circular of any anticipated change in the amount of the fee at least 30 calendar days prior to the effective date of the change.  A complete MIAX PEARL Fee Schedule will be made available to Members prior to the commencement of trading on the Exchange.  The ORF is subject to filing a rule change with the SEC.

Please direct any questions to the Business Strategy Department at BusinessStrategy@miaxglobal.com.

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