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 - 0.35% Customer ADV $0.00 $0.00
Over 0.35% - 0.45%  Customer ADV $0.10 $0.10
Over 0.45% - 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.

 

 

For the full MIAX Fee Schedule:

 
 

Exchange Transaction Fee, per executed contract

  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 0.35% $0.17* $0.17* $0.020 $0.020
Above 0.35% to 0.75%
$0.12* $0.12* $0.020 $0.020
Above 0.75% to 1.50% $0.07* $0.07* $0.020 $0.020
Above 1.50%
$0.05* $0.05* $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 $0.27* $0.32* $0.025 $0.030
Non-MIAX Market Maker        
Non-MIAX Market Maker $0.47* $0.62* $0.045 $0.060
Non-Member Broker-Dealer        
Broker-Dealer $0.47* $0.62* $0.045 $0.060
Firm        
Firm
subject to a $60,000 monthly Fee Cap
$0.27* $0.32* $0.025 $0.030
* 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, 4, or 5. 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.    

 

 

Priority Customer Rebate Program
(see the Fee Schedule for details)
Standard
Options
Select
Symbols *
0 - 0.35% Customer ADV $0.00 $0.00
Over 0.35% - 0.45%  Customer ADV $0.10 $0.10
Over 0.45% - 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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