# 2026-12162: Options Exchange Adjusts Non-Penny Trading Fees

2026-12162, Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Certain Fees and Rebates Applicable to Transactions in Non-Penny Classes, is a Federal Register notice from Securities and Exchange Commission published 2026-06-17, effective 2026-06-01; PRIA reads it as touching household money (as of 2026-06-24).

- Canonical: https://policyrisk.com/federal-register/2026-12162
- As of: 2026-06-24
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-12162
- Title: Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Certain Fees and Rebates Applicable to Transactions in Non-Penny Classes
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 36637
- Published: 2026-06-17
- Effective: 2026-06-01
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-24

## In one line

Options Exchange Adjusts Non-Penny Trading Fees

## 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!

## Effects PRIA read

- Higher Maker Rebates for Priority Customers: benefit, medium. 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: mixed, medium. 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: mixed, medium. 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 Jun…

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## Sources
- [2026-12162 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/17/2026-12162/self-regulatory-organizations-miax-pearl-llc-notice-of-filing-and-immediate-effectiveness-of-a)
- [2026-12162 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-17/pdf/2026-12162.pdf)

## Related
- [Previous: 2026-12161, Submission for OMB Review; Comment Request](https://policyrisk.com/federal-register/2026-12161)
- [Next: 2026-12164, Privacy Act of 1974; System of Records](https://policyrisk.com/federal-register/2026-12164)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-12162 (as of 2026-06-24).