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 0.35% $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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