MIAX Fees Tweaked to Match FINRA: Business as Usual
Published Date: 1/27/2026
Notice
Summary
MIAX is updating its fee schedule to match new fees charged by FINRA for registration and education services. This change affects traders and firms using MIAX, who will see adjusted costs for certain FINRA fees starting immediately. No surprises here—just keeping fees in sync so everyone pays the right amount on time!
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
Continuing Education Fee Cut
If you are a registered person who pays CRD continuing education session fees, the fee listed on MIAX is reduced from $55 to $25 effective January 9, 2026. MIAX states it lists these fees but does not collect or retain them; FINRA collects the CRD session fees.
Series 57 Exam Fee Reduction
If you take the Series 57 qualification exam and pay the CRD examination fee, the fee listed on MIAX is reduced from $120 to $105 effective January 9, 2026. MIAX notes it lists these FINRA CRD fees but does not collect or retain them; FINRA collects the exam fees.
Tiered Annual CRD Processing Fee
The FINRA Annual System Processing Fee listed on MIAX changes from a flat $70 to a tiered schedule effective January 9, 2026: 1–5 securities regulators $70; 6–20 $95; 21–40 $110; 41 or more $125. MIAX states it lists these CRD system fees but does not collect or retain them; FINRA collects the processing fees.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in