MIAX Pearl Options Exchange Updates Fee Schedule
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice introduces changes to the fees related to non-transaction activities on the MIAX Pearl options trading platform. It specifically updates the monthly Trading Permit fees for Electronic Exchange Members and Market Makers, as well as the connectivity and port fees, aligning them with current market rates. This affects members who use the platform's connectivity in various capacities.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Increased Trading Permit fees for Electronic Exchange Members and Market Makers
- Raised connectivity fees for primary/secondary and disaster recovery facilities
- Updated port fees including FIX, MEO, and Purge Ports
Obligations
What this law requires
Electronic Exchange Members (EEMs) connecting via FIX Interface must pay monthly Trading Permit fees of $300 (Tier 1), $425 (Tier 2), or $550 (Tier 3) based on volume-based tier achievement
Electronic Exchange Members (EEMs) connecting via MEO Interface must pay monthly Trading Permit fees of $375 (Tier 1), $500 (Tier 2), or $625 (Tier 3) based on volume-based tier achievement
EEM Clearing Firms must pay $300 per month per Trading Permit
Market Makers must pay monthly Trading Permit fees based on number of option classes registered or percentage of total national average daily volume, with fees calculated as the lesser of per-class or percentage measurement
Members and non-Members must pay connectivity fees for access to primary/secondary facility and disaster recovery facility as specified in the updated Fee Schedule