MIAX Options: Certain Give-Up & CMTA Transactions Subject To ORF Effective May 1, 2015

Beginning May 1, 2015, trades executed by a MIAX member firm on the MIAX Options Exchange or on an away exchange that are Given-Up to, or CMTA transferred to, a non-member firm on the MIAX Options Exchange or on an away exchange will be subject to MIAX’s Options Regulatory Fee (ORF).  This will allow MIAX to collect the ORF from all transactions that require regulatory oversight and is consistent with current industry practices.  Please note that there is no change to the amount of the MIAX Options Regulatory Fee.