MIAX Options Exchange: Allowing All Lead Market Makers To Receive Directed Orders and Amendments To The MIAX Marketing Fee Program - Effective On August 1, 2013

Regulatory Circular 2013-50 describes a change to Rule 514(h) to allow Lead Market Markers (“LMMs”) to receive Directed Orders and also to amend the MIAX Options Fee Schedule to allocate applicable Marketing Fees to certain qualifying LMMs.