U.S. Options

Effective November 1, 2024, pending filing with the SEC, the MIAX Pearl Options and MIAX Sapphire Options exchanges will amend their fee schedules as follows:

1. MIAX Pearl Options
   1. Remove the Market Maker “Step-Up Maker rebate” of ($0.86) per contract for transactions in Non-Penny classes for qualified Market Makers who increased executed volume by at least 0.12% as a percent of TCV over the July 2024 baseline
   2. Amend the Priority Customer Origin table to decrease Maker rebates for Penny classes from ($0.31) to ($0.25) per contract for members in Tiers 1 and 2
2. MIAX Sapphire Options
   1. The ORF Sunset Date will be extended from October 31, 2024 to May 31, 2025 as originally alerted in Reg Circular 2024 – 68,  (https://www.miaxglobal.com/sites/default/files/circular-files/MIAX_Sapphire_Options_RC_2024_68.pdf)
   2. There is no change to the ORF

Attached are highlighted summaries of the November 1, 2024 fee changes for the MIAX Pearl Options Exchange and MIAX Sapphire Options Exchange.

Complete details will be contained in the November 2024 MIAX Pearl Options and MIAX Sapphire Options Fee Schedules when posted on the MIAX website at MIAX Pearl Options Fee Schedule and MIAX Sapphire Options Fee Schedule.

For additional information, please contact MIAX Sales at Sales@miaxglobal.com or (609) 897-8177.

If you need assistance, please contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302.