Effective November 1, 2026, the MIAX Options, MIAX Pearl Options, MIAX Emerald Options, and MIAX Sapphire Options Exchanges will amend volume calculations to exclude Extended Trading Hours (“ETH”) volume, pending filings with the Securities and Exchange Commission.
Each respective Exchange will exclude the following ETH volume from its volume calculations that determine applicable thresholds and tiers for transactional and non-transactional fees, rebates, and discounts each month.
ETH volume is defined as the total national volume cleared at the Options Clearing Corporation in the relevant account types during the following time periods: 1) volume in multiply-listed options classes that occur outside of the hours of 9:30 am (EST) to 4:00pm (EST); 2) volume in options classes in Exchange Traded Fund Shares (as defined in Rule 402) and Index-Linked Securities (as defined in Rule 402) that occur outside of the hours of 9:30 am (EST) to 4:00pm (EST); and 3) volume in options classes in Exchange Traded Fund Shares or Index-Linked Securities which have been designated by the Exchanges as remaining open for trading until 4:15pm (EST) that occur outside of the hours of 9:30 am (EST) to 4:15pm (EST).
Attached are highlighted summaries of the November 1, 2026 fee changes.
Full details will be included in the November 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.
