MIAX Tweaks Its Options Regulatory Fee by a Penny
Published Date: 7/16/2026
Notice
Summary
Starting July 1, 2026, the Miami International Securities Exchange (MIAX) is updating its Options Regulatory Fee (ORF) to $0.0170 per contract side. This change affects traders using MIAX’s options platform by slightly adjusting the fees they pay. The update also makes the fee rules clearer, so everyone knows exactly how the charges work.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Options Regulatory Fee Set at $0.0170
Starting July 1, 2026, MIAX will charge an Options Regulatory Fee (ORF) of $0.0170 per contract side for applicable options transactions on the exchange. If you trade options on MIAX, this is the per-contract fee that will be applied to those trades.
Who Pays ORF and How It's Billed
MIAX will assess the ORF on options that ultimately clear in the OCC "customer" range and will collect the fee from Members and non-members for customer transactions executed on the Exchange. The Exchange will bill ORF based on the clearing instructions provided on the execution, will take same‑day CMTA adjustments into account, and will not consider CMTA changes at OCC after the trade date; the Exchange expects Clearing Members to pass the ORF through to their customers.
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Next: 2026-14264 — Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Exchange's Options Regulatory Fee (ORF)
Starting July 1, 2026, MIAX Pearl is changing its Options Regulatory Fee to $0.0240 per contract side. This update affects traders using the MIAX Pearl options exchange and makes the fee rules clearer. If you trade options here, expect a small fee tweak that’s already in effect!