MIAX Emerald Adds Fees for New MX2 and IEX Routing
Published Date: 8/17/2026
Notice
Summary
MIAX Emerald is updating its fee schedule to include new routing fees for orders sent to the soon-to-launch MX2 and IEX options exchanges. This change affects members who route customer orders and updates a few names in the fee table. The new fees take effect immediately, so traders should check the updated costs right away!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
New Routing Fees for MX2 and IEX
If you are a MIAX Emerald Member who routes orders, MIAX Emerald added MX2 and IEX to its routing fee table effective August 1, 2026. The table lists per-contract fees for routes that include MX2 and IEX such as $0.65 for Priority Customer Penny Program routes, $1.00 for Priority Customer Non‑Penny Program routes, $0.65 for Public Customer (non‑priority) Penny Program routes, and $1.40 for Public Customer (non‑priority) Non‑Penny Program routes.
MIAX Pearl Moved to Higher Fee Tier
MIAX Emerald moved MIAX Pearl out of the $1.25 per‑contract tier into the $1.40 per‑contract tier for 'Routed, Public Customer that is not a Priority Customer, Non‑Penny Program' orders, effective August 1, 2026. Members routing those public customer, non‑priority, non‑penny orders to MIAX Pearl will therefore be charged $1.40 per contract instead of $1.25 per contract.
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Previous / Next Documents
Previous: 2026-16697, Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Sapphire Options Exchange Fee Schedule Regarding the Routing Fee Table
Next: 2026-16699, Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Pearl Options Exchange Fee Schedule Regarding the Routing Fee Table
MIAX Pearl is updating its fee schedule to include new options trading routes for MX2 and IEX, plus renaming Nasdaq BX Options to Nasdaq Texas Options. This change affects members who route customer orders and takes effect immediately, helping traders know the latest fees and routes. It’s all about keeping the exchange fresh and clear for everyone trading options.