MENU Fees MIAX Emerald MIAX OPTIONS MIAX PEARL MIAX EMERALD MIAX Emerald Fee Schedule DECEMBER 01, 2021 MIAX Emerald Fee Summary Get Notified of Alerts SIGN UP NOW ABOUT MARKETS MARKET DATA & TECHNOLOGY REGULATION NEWS KNOWLEDGE CENTER PRIVACY POLICY TERMS & CONDITIONS

MENU Trade Hours & Calendar MIAX Pearl MIAX OPTIONS MIAX PEARL MIAX EMERALD Hours of Operation TIME (US EST ZONE) DESCRIPTION 6:00 AM Start of System Hours Dissemination of messages over the Top of Market Feed (ToM) and Pearl Liquidity Feed (PLF) 7:00 AM MIAX Express Order Interface Startup Firms can connect to the MIAX Express Order Interface (MEO) and download products. Firms may not send any application messages until the Live Order Window (LOW) opens at 7:30 AM. 7:30 AM Live Order Window (LOW) Firms can connect to the FIX Gateway and MEO Interface to conduct pre-market order activity. All order activity during this time period WILL affect the live book. Series Assignments Market Makers can send daily Market Maker Series Assignments 9:00 AM Series Assignments MIAX Pearl stops accepting Market Maker Series Assignments 9:30 AM - 4:00 PM Trading Session for Equity Options (ends at 1:00 pm on early closing days) MIAX Pearl stops accepting Orders and Quotes at the end of the Trading Session 9:30 AM - 4:15 PM Trading Session for select ETF and Index Options (ends at 1:15 pm on early closing days) MIAX Pearl stops accepting Orders and Quotes at the end of the Trading Session 4:25 PM End of Order Cancel acceptance MIAX Pearl will stop accepting cancels for orders (ends at 1:25 pm on early closing days) 4:25 PM - 5:00 PM Dissemination of Nothing Done Messages (1:25 pm to 2:00 pm on early closing days) Final trade corrections and clearing adjustments Calendar HOLIDAY 2021 2022 New Years Day Friday, January 1st - Martin Luther King Jr. Day Monday, January 18th Monday, January 17th Washington's Birthday Monday, February 15th Monday, February 21st Good Friday Friday, April 2nd Friday, April 15th Memorial Day Monday, May 31st Monday, May 30th Juneteenth National Independence Day Monday, June 20th (Juneteenth holiday observed) Independence Day Monday, July 5th (July 4th holiday observed) Monday, July 4th Labor Day Monday, September 6th Monday, September 5th Thanksgiving Day Thursday, November 25th Friday, November 26th* Thursday, November 24th Friday, November 25th** Christmas Friday, December 24th (Christmas holiday observed) Friday, December 26th (Christmas holiday observed) 2021: Each market will close 3 hours early at 1:00 p.m. on * Friday, November 26, 2021. All times are Eastern Time. 2022: Each market will close 3 hours early at 1:00 p.m. on ** Friday, November 25, 2022. All times are Eastern Time. Have any questions or concerns? Feel free to Contact Us. Get Notified of Alerts SIGN UP NOW ABOUT MARKETS MARKET DATA & TECHNOLOGY REGULATION NEWS KNOWLEDGE CENTER PRIVACY POLICY TERMS & CONDITIONS