Fees

MIAX Exchange Transaction Fee Summary

For the full MIAX Fee Schedule:

MIAX Options Fee Schedule
MIAX Options Fee Schedule effective as of August 1, 2016
MIAX Options Highlight of Transaction Fee Changes effective as of August 1, 2016

Exchange Transaction Fee, per executed contract (Effective August 1, 2016)

MIAX Market Makers and Their Affiliates  In 
Priority Customer Rebate Program Volume Tier 3 or Higher
Standard
Options
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 MIAX Fee Schedule for Details)
Penny Pilot Classes Non-Penny Pilot
Classes
  Maker Taker Maker Taker
0.00% to 0.06% $0.21 $0.26 $0.25 $0.30
Above 0.06% to 0.60% $0.15 $0.22 $0.19 $0.27
Above 0.60% to 1.00%
$0.08 $0.15 $0.12 $0.20
Above 1.00% to 1.50% $0.04 $0.06 $0.08 $0.12
Above 1.50%
$0.02 $0.04 $0.06 $0.10
MIAX Market Makers and Their Affiliates  Not In 
Priority Customer Rebate Program Volume Tier 3 or Higher
Standard
Options
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 MIAX Fee Schedule for Details)
Penny Pilot Classes Non-Penny Pilot Classes
  Maker Taker Maker Taker
0.00% to 0.06% $0.23 $0.28 $0.27 $0.32
Above 0.06% to 0.60% $0.17 $0.24 $0.21 $0.29
Above 0.60% to 1.00% $0.10 $0.17 $0.14 $0.22
Above 1.00% to 1.50% $0.06 $0.08 $0.10 $0.14
Above 1.50% $0.04 $0.06 $0.08 $0.12
  Standard
Options
MIAX Participant Type Penny Pilot
Classes
Non-Penny Pilot
Classes
Priority Customer    
Priority Customer $0.00 $0.000
Public Customer other than a Priority Customer    
Public Customer other than a Priority Customer $0.471,3 $0.751,3
Non-MIAX Market Maker    
Non-MIAX Market Maker $0.471,2,3 $0.751,3
Non-Member Broker-Dealer    
Broker-Dealer $0.471,3 $0.751,3
Firm    
Firm $0.451,3 $0.751,3

1 Transaction Fees will be reduced by $0.02 per contract in Standard Options for i) Public Customer other than a Priority Customer, ii) Non-MIAX Market Maker, iii) Non-Member Broker-Dealer and iv) Firm for all Members that qualify for Priority Customer Rebate Program volume tiers 3 or higher. 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 DIA, EEM, FB, GDX, GLD, IWM, QQQ, SLV, SPY, USO, UVXY & VXX is $0.50.

3 Professional Rebate Program: Please see the full MIAX Fee Schedule for more information

 

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  $0.005  $0.005 $0.10
Over 0.50% - 1.20%  Customer ADV $0.10 $0.10 $0.10
Over 1.20% - 1.75%  Customer ADV $0.15 $0.20 $0.104
Over 1.75% $0.21 $0.24 $0.104

4 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 higher 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).

5 Pro - Priority Cross Tier Program : Please see the full MIAX Fee Schedule for more information 


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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