Fee Change Alert
MIAX Options
January 31, 2023 | 12:10 PM
MIAX Options and MIAX Pearl Options Exchanges - February 1, 2023 Fee Changes
Effective February 1, 2023, pending filing with the SEC, MIAX Options and MIAX Pearl Options will amend certain transaction fees.
- MIAX Options
- Priority Customer cPRIME Agency Orders of all sizes will receive a per contract credit based on Order breakup percentage in all Priority Customer Rebate Program tiers
- The range of credits is $0.05 to $0.10 for Tiers 1-3 and $0.05 to $0.12 for Tier 4
- The per contract credit based on Order breakup percentage was previously applicable to Orders with a max leg size more than 1,000 contracts and is now being expanded to all sizes
- Under the Priority Customer Rebate Program, the per contract credit for Simple Orders in MIAX Select Symbols for Tier 3 will be reduced from $0.20 to $0.18
- Priority Customer cPRIME Agency Orders of all sizes will receive a per contract credit based on Order breakup percentage in all Priority Customer Rebate Program tiers
- MIAX Pearl Options
- An alternative volume criteria under Market Maker Tier 2 that required executed volume as a percent of SPY/QQQ/IWM will be lowered from above 0.75% to above 0.55%
For additional information, please contact MIAX Sales at Sales@miaxglobal.com or (609) 897-8177 or MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302.