2025-22866Notice

MIAX Options Adjusts Fees for Stock-Option Order Connections

Published Date: 12/16/2025

Notice

Summary

MIAX is giving traders a sweet deal by offering up to two free 1 gigabit connections for sending stock parts of Stock-Option Orders to other trading centers. This change helps both members and non-members save on connection fees starting immediately. If you trade options on MIAX, expect lower costs and smoother order routing from now on!

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Two Free 1 Gb Connections for Stock-Option Routing

If you are a MIAX Member or a non‑Member that routes the stock portion of a Stock‑Option Order, MIAX will not charge the monthly network connectivity fee for up to two (2) 1 gigabit (1 Gb) connections so long as those connections are used solely to route the stock portion to an away Trading Center for execution on behalf of the Exchange. The waiver is effective December 1, 2025. The Exchange currently assesses $1,400 per 1 Gb connection, so this change waives that monthly fee for each covered connection.

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Key Dates

Effective Date
Published Date
12/1/2025
12/16/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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