Effective July 1, 2026, MIAX Options, MIAX Pearl Options, MIAX Emerald Options and MIAX Sapphire Options Exchanges will amend the following fees pending filings with the Securities and Exchange Commission:
- MIAX Pearl Options Exchange – Non-Penny class rates
- Simple Maker Rebates for Non-Penny Classes amended to new rates below
- Priority Customer: ($1.19) for Tiers 1-6
- Pearl Market Maker: ($0.80) for Tiers 1-6
- Non-Priority Customer, Firm, BD, and Non-MIAX Pearl Market Maker: ($0.80) for Tiers 1-6
- Simple Taker Fees for Non-Penny Classes amended to new rates below
- Pearl Market Maker $1.21 for Tiers 1-6
- Non-Priority Customer, Firm, BD, and Non-MIAX Pearl Market Maker: $1.21 for Tiers 1-6
- Simple Maker Rebates for Non-Penny Classes amended to new rates below
- MIAX Options, MIAX Pearl Options, MIAX Emerald Options and MIAX Sapphire Options – Historical Open-Close Report discount extension
- From July 1, 2026 to December 31, 2026, any single purchase of $20,000 or more of historical End-of-Day Open-Close Report data and/or historical Intra-Day Open-Close Report data by an existing subscriber to the End-of-Day or Intra-Day Open-Close Report, will receive a 20% discount when the subscriber purchases the same category of historical data for which they have a monthly subscription.
- MIAX Sapphire Options does not have minimum single purchase size
- This discount cannot be combined with any other discount offered by the Exchange, including the academic discount provided for Qualifying Academic Purchasers of historical Open-Close Report data
- From July 1, 2026 to December 31, 2026, any single purchase of $20,000 or more of historical End-of-Day Open-Close Report data and/or historical Intra-Day Open-Close Report data by an existing subscriber to the End-of-Day or Intra-Day Open-Close Report, will receive a 20% discount when the subscriber purchases the same category of historical data for which they have a monthly subscription.
- REMINDER: MIAX Exchange Group will modify its Options Regulatory Fee ("ORF") rates beginning in July 2026 as previously announced in this previous Alert:
- $0.0170 per contract on MIAX Options Exchange
- $0.0240 per contract on MIAX Pearl Options Exchange
- $0.0220 per contract on MIAX Emerald Options Exchange
- $0.0220 per contract on MIAX Sapphire Options Exchange
Attached are highlighted summaries of the July 2026 fee changes.
Complete details will be contained in the July 2026 exchange fee schedules, when posted on the MIAX website at MIAX Options Fee Schedule, MIAX Pearl Options Fee Schedule, MIAX Emerald Options Fee Schedule and MIAX Sapphire Options Fee Schedule.
For additional information, please contact MIAX Sales at Sales@miaxglobal.com or (609) 897-8177.
For assistance, please contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302.
