Fees

MIAX Exchange Transaction Fee Summary

For the full MIAX Fee Schedule:

MIAX Options Fee Schedule as of September 1, 2015
MIAX Options Highlighted Fee Changes as of September 1, 2015

 

 

Exchange Transaction Fee, per executed contract (Effective September 1, 2015)

  Standard
Options
Mini
Options
MIAX Participant Type     Penny Pilot
Classes
Non-Penny Pilot
Classes
    Penny Pilot
Classes
Non-Penny Pilot
Classes
MIAX Market Maker Sliding Scale
 
Market Maker’s volume expressed as a percentage of total national Market Maker
volume of any options classes with traded volume on MIAX during the month
(see the Fee Schedule for Details)
       
0.00% to 0.05% $0.251 $0.291 $0.020 $0.020
Above 0.05% to 0.50% $0.191 $0.231 $0.020 $0.020
Above 0.50% to 1.00%
$0.121 $0.161 $0.020 $0.020
Above 1.00% to 1.50% $0.071 $0.111 $0.020 $0.020
Above 1.50%
$0.051 $0.091 $0.020 $0.020
Priority Customer        
Priority Customer $0.00 $0.00 $0.000 $0.000
Public Customer other than a Priority Customer        
Public Customer other than a Priority Customer $0.471 $0.621 $0.050 $0.060
Non-MIAX Market Maker        
Non-MIAX Market Maker $0.471,2 $0.621 $0.045 $0.060
Non-Member Broker-Dealer        
Broker-Dealer $0.471 $0.621 $0.045 $0.060
Firm        
Firm $0.371 $0.421 $0.040 $0.040

1 Transaction Fees will be reduced by $0.02 per contract in Standard Options for i) MIAX Market Maker, ii) Public Customer other than a Priority Customer, iii) Non-MIAX Market Maker, iv) Non-Member Broker-Dealer and v) Firm for all Members that qualify for Priority Customer Rebate Program volume tiers 3 or 4. This includes Members or its affiliates of at least 75% common ownership between the firms as reflected on each firm’s Form BD, Schedule A..

2 Non MIAX Market Maker Exchange Transaction Fee in EEM, GLD, IWM, QQQ & SPY is $0.55

 

 

 

Priority Customer Rebate Program
(see the Fee Schedule for details)
Standard
Options
(excluding PRIME)
Select
Symbols 
(excluding PRIME)
* list below
PRIME Agency
0 - 0.50% Customer ADV $0.00 $0.00 $0.10
Over 0.50% - 1.00%  Customer ADV $0.10 $0.10 $0.10
Over 1.00% - 1.75%  Customer ADV $0.15 $0.21 $0.103
Over 1.75% $0.21 $0.21 $0.103

3 Any Member or its affiliates of at least 75% common ownership between the firms as reflected on each firm’s Form BD, Schedule A, that qualifies for Priority Customer Rebate Program volume tiers 3 or 4 will be credited an additional $0.02 per contract for each Priority Customer order executed in the PRIME Auction as a PRIME Agency Order over a threshold of 1,500,000 contracts in a month (excluding mini-options, Priority Customer-to-Priority Customer Orders, PRIME AOC Responses, PRIME Contra-side Orders, PRIME Orders for which both the Agency and Contra-side Order are Priority Customers, Qualified Contingent Cross Orders (QCC) and executions related to contracts that are routed to one or more exchanges in connection with the Options Order Protection and Locked/Crossed Market Plan referenced in MIAX Rule 1400).


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

MIAX Select Symbols 

Select Symbol List : AA, AAL, AAPL, AIG, AMAT, AMD, AMZN, BA, BABA, BBRY, BIDU, BP, C, CAT, CBS, CELG, CLF, CVX, DAL, EBAY, EEM, FB, FCX, GE, GILD, GLD, GM, GOOGL, GPRO, HAL, HTZ, INTC, IWM, JCP, JNJ, JPM, KMI, KO, MO, MRK, NFLX, NOK, NQ, ORCL, PBR, PFE, PG, QCOM, QQQ, RIG, S, SPY, SUNE, T, TSLA, USO, VALE, VXX, WBA, WFC, WMB, WY, X, XHB, XLE, XLF, XLP, XOM, XOP, YHOO

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