Fees

 

MIAX Exchange Transaction Fee Summary

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 0.05% $0.251 $0.291 $0.020 $0.020
Above 0.05% to 0.50% $0.171 $0.211 $0.020 $0.020
Above 0.50% to 0.80%
$0.121 $0.161 $0.020 $0.020
Above 0.80% 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, 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..

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 - 0.35% Customer ADV $0.00 $0.00 $0.10
Over 0.35% - 0.45%  Customer ADV $0.10 $0.10 $0.10
Over 0.45% - 1.50%  Customer ADV $0.15 $0.20 $0.103
Over 1.50% - 2.00%  Customer ADV $0.17 $0.20 $0.103
Over 2.00%  Customer ADV $0.18 $0.20 $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, 4, or 5 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, 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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