Options Exchange Adjusts Non-Penny Trading Fees
Published Date: 6/17/2026
Notice
Summary
MIAX PEARL is shaking up its fees and rebates for trading non-penny options starting now! Priority customers get bigger rebates, market makers see some rebate boosts but pay higher fees when taking liquidity, and other traders face adjusted fees too. These changes affect anyone trading non-penny options on MIAX PEARL and kick in immediately, so watch your wallet and trading strategy!
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Higher Maker Rebates for Priority Customers
If you trade as a Priority Customer in non-Penny Classes on MIAX Pearl, the exchange raises your maker rebate to ($1.06) per contract for all volume tiers. This change leaves Priority Customer taker fees unchanged and is effective June 1, 2026.
Market Maker Maker Rebates and Taker Fee Changes
If you are a Market Maker trading non-Penny Classes on MIAX Pearl, maker rebates in tiers 1 and 2 increase from ($0.30) to ($0.55) per contract, and taker fees increase to $1.20 per contract for all tiers. These changes take effect June 1, 2026.
Professional Origin Fees and Rebates Adjusted
If you trade as a Professional (Non-Priority Customer, Firm, BD, or non-MIAX Pearl Market Maker) in non-Penny Classes on MIAX Pearl, maker rebates in tiers 1 and 2 increase from ($0.30) to ($0.55) per contract, and taker fees increase to $1.20 per contract for all tiers. The change is effective June 1, 2026.
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