Fees

MIAX Exchange Transaction Fee Summary

For the full MIAX Fee Schedule:

 MIAX Options Fee Schedule

Exchange Transaction Fee, per executed contract

MIAX Participant Type STANDARD
OPTIONS
MINI
OPTIONS
MIAX Market Maker Sliding Scale    
First 1,000,000 executed standard options contracts per month $0.15 $0.020
1,000,001 – 2,000,000
The next 1,000,000 executed standard options contracts per month
$0.10 $0.020
2,000,001 – 4,000,000
The next 2,000,000 executed standard options contracts per month
$0.05 $0.020
4,000,001 +
Over 4,000,000 executed standard options contracts per month
$0.03 $0.020
Priority Customer    
Priority Customer $0.00 $0.000
Public Customer other than a Priority Customer    
Public Customer other than a Priority Customer $0.25 $0.025
Non-MIAX Market Maker    
Non-MIAX Market Maker $0.45 $0.045
Non-Member Broker-Dealer    
Broker-Dealer $0.45 $0.045
Firm    
Firm
subject to a $60,000 monthly Fee Cap
$0.25 $0.025
Priority Customer Rebate Program
(see the Fee Schedule for Details)
Standard Options Select Symbols **
0 - 0.25% Customer ADV $0.00 $0.20
Over 0.25% - 0.35%  Customer ADV $0.10 $0.20
Over 0.35% - 1.25%  Customer ADV $0.15 $0.20
Over 1.25% - 2.00%  Customer ADV $0.17 $0.20
Over 2.00%  Customer ADV $0.18 $0.20

MIAX Select Symbols 
*  AA, AAL, AAPL, AIG, AMZN, AZN, BP, C, CBS, CLF, CMCSA, EBAY, EEM, EFA, EWJ, FB, FCX, FXI, GE, GILD, GLD, GM, GOOG, GOOGL, HTZ, INTC, IWM, IYR, JCP, JPM, KO, MO, MRK, NFLX, NOK, NQ, PBR, PCLN, PFE, PG, QCOM, QQQ, S, SIRI, SPY, SUNE, T, TSLA, USO, VALE, WAG, WFC, WMB, WY, XHB, XLE, XLF, XLP, XLU and XOM

 

Routing Fees for all options will be assessed the executing exchange’s actual fee or rebate plus $0.10.

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