MIAX Emerald Updates Non-Transaction Fees
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law changes some non-transaction fees on the MIAX Emerald Options Exchange to align with rates on similar exchanges. Market Makers and Electronic Exchange Members will see increases in monthly Trading Permit fees and connectivity costs. Adjustments also affect charges for FIX Ports and various connectivity services. These changes aim to keep MIAX Emerald competitive in the market.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Increase in monthly Trading Permit fees for EEMs and Market Makers
- Rise in connectivity fees for primary/secondary and disaster recovery facilities
- Adjustment of fees for FIX Ports and various other port services
Obligations
What this law requires
MIAX Emerald must increase monthly Trading Permit fees for Electronic Exchange Members (EEMs) from $1,500 to $2,000 per permit
MIAX Emerald must increase monthly Trading Permit fees for Market Makers in up to 10 option classes or up to 20% of option classes by national ADV from $7,000 to $8,000
MIAX Emerald must increase monthly Trading Permit fees for Market Makers in up to 40 option classes or up to 35% of option classes by ADV from $12,000 to $14,000
MIAX Emerald must increase monthly Trading Permit fees for Market Makers in up to 100 option classes or up to 50% of option classes by ADV from $17,000 to $20,000
MIAX Emerald must increase monthly Trading Permit fees for Market Makers in over 100 option classes or over 50% of option classes by ADV from $22,000 to $26,000