19 Feb 2025
📈SEC Notice on Changes to MIAX Options Fee Schedule
Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule Related to the Removal of SPIKES Options
Summary
The SEC has published a notice regarding the Miami International Securities Exchange's proposed amendment to its Fee Schedule, specifically the removal of fees and the termination of the Market Maker Incentive Program for SPIKES options. The changes are slated to take effect on February 1, 2025, following immediate effectiveness designation. The SEC is soliciting public comment on the proposed rule change.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change impacts business operations by removing all fees associated with SPIKES options and an incentive program for market makers, which could affect trading strategies and profitability for options traders.