MIAX Extends Options Fee: Six More Months of the Same
Published Date: 1/13/2026
Notice
Summary
MIAX Sapphire is extending its Options Regulatory Fee (ORF) from December 31, 2025, to June 30, 2026. This means traders will keep paying $0.0013 per contract side a little longer. The change affects anyone trading options on MIAX Sapphire and keeps the fee schedule steady for the next six months.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Proposal to Limit ORF to On-Exchange Customer Trades
The Exchange filed a separate proposal to change the ORF methodology so the fee would be assessed only on on-exchange transactions that clear in the customer range at the Options Clearing Corporation (OCC). The Exchange says it aims to implement this modified ORF model (industry-wide consistency permitting) and will endeavor to do so before the proposed June 30, 2026 sunset date.
ORF Extended at $0.0013 Per Contract
MIAX Sapphire will continue charging the Options Regulatory Fee (ORF) of $0.0013 per contract side through June 30, 2026, extending the prior sunset date of December 31, 2025. This affects anyone trading options on MIAX Sapphire because the fee schedule stays the same for the next six months.
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