MIAX Pearl Updates Non-Penny Options Fees and Rebates
Published Date: 8/17/2026
Notice
Summary
No summary available.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Market Maker Rebates and Fees Raised
If you are a Market Maker trading in non-Penny Classes, MIAX Pearl will reduce maker rebates and raise taker fees starting August 1, 2026. Maker rebates change from ($0.80) to ($0.55) for tiers 1–2, to ($0.60) for tier 3, to ($0.65) for tier 4, and to ($0.70) for tier 5; taker fees increase from $1.21 to $1.23 per contract in all tiers.
Professional Origin Rebates and Fees Raised
If you trade as a Professional (Non-Priority Customer, Firm, BD, or Non-MIAX Pearl Market Maker) in non-Penny Classes, MIAX Pearl will reduce maker rebates and raise taker fees starting August 1, 2026. Maker rebates change from ($0.80) to ($0.55) for tiers 1–2, to ($0.60) for tier 3, to ($0.65) for tier 4, and to ($0.70) for tier 5; taker fees increase from $1.21 to $1.23 per contract in all tiers.
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