MIAX Options Exchange - Additional July 1, 2026 Transaction Fee Changes

Effective July 1, 2026, MIAX Options Exchange will amend the following fees pending filings with the Securities and Exchange Commission:

MIAX Options Exchange – Priority Customer Rebate Program and Market Maker Sliding Scale Tables
1. NEW Tier 5 for Priority Customer Rebate Program (“PCRP”)
  1. Requires Percentage Threshold of Above 3.50% of eligible Priority Customer volume as a percentage of OCC Customer volume
  2. Per Contract Rebates for Tier 5
    1. Simple Orders in Non-Select Symbol classes: ($0.24)
    2. Simple Orders in Select Symbol classes: ($0.25)
    3. PRIME Agency Orders: ($0.13)
    4. cPRIME Agency Orders: dependent on associated cPRIME Agency Order Breakup Table
    5. Complex Orders: ($0.27) if the executing buyer and seller are the same Member or Affiliates; or ($0.28) if the executing buyer and seller are not the same Member or Affiliates
2. Market Maker Sliding Scale tables rates amended to new rates below
  1. For Members whose Priority Customer Origin is in PCRP Tier 3 or higher
    1. Simple Maker volume in Penny Classes
      1. Tier 4: $0.09
      2. Tier 5: $0.08
    2. Simple Maker volume in Non-Penny Classes
      1. Tier 4: $0.11
      2. Tier 5: $0.10
  2. For Members whose Priority Customer Origin is Not in PCRP Tier 3 or higher
    1. Simple Maker volume in Penny Classes
      1. Tier 4: $0.11
      2. Tier 5: $0.10
    2. Simple Maker volume in Non-Penny Classes
      1. Tier 4: $0.1Tier 5: $0.12
      Attached is an updated MIAX Options highlighted summary of the July 2026 fee changes.
      
      Complete details will be contained in the July 2026 exchange fee schedule, when posted on the MIAX website at MIAX 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.