Miami Exchange Axes SPIKES Options Perks Overnight
Published Date: 2/19/2025
Notice
Summary
Starting February 1, 2025, Miami International Securities Exchange is removing all fees, rebates, and incentives related to SPIKES options because the SPIKES Options Market Maker Incentive Program ends on January 31, 2025. This change affects traders and market makers dealing with SPIKES options, simplifying the fee schedule and stopping any related payments. The update kicks in immediately, so everyone should be ready for the new fee setup!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
SPIKES Options Fees, Rebates End
If you trade or make markets in SPIKES options, starting February 1, 2025, Miami International Securities Exchange will remove all transaction fees and rebates for SPIKES options and end the SPIKES Options Market Maker Incentive Program (which expires January 31, 2025). This will stop any payments or rebates tied to SPIKES options and simplify the Exchange's fee schedule.
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