# Federal Register #SR-MX2-2026-11

MX2 LLC proposal to revise SPY, QQQ, and IWM options fees and rebates

**Buyer:** Securities and Exchange Commission
**Posted:** November 13, 2026
**Respond By:** December 04, 2026
**Identifier:** SR-MX2-2026-11
**NAICS:** 523210

The Securities and Exchange Commission (SEC) notice covers an MX2 LLC proposal to revise options transaction fees for SPY, QQQ, and IWM.
- Government agency: Securities and Exchange Commission.
- Company named: MX2 LLC.
- Proposed fees and rebates per contract:
  - Customer: Maker rebate remains $0.28; Taker rebate decreases from $0.48 to $0.21.
  - Market Maker: Maker fee decreases from $0.50 to $0.20; Taker fee remains $0.50.
  - Professional, Firm, Away Market Maker, and Broker-Dealer: $0.50 for adding or removing liquidity.
- The notice solicits public comments. No products, quantities, or performance period are specified.

### Description

MX2 LLC filed a proposed rule change to amend the MX2 Options Fee Schedule for options overlying SPY, QQQ, and IWM. The changes establish a separate fee category for those options, reduce the Customer Taker rebate from $0.48 to $0.21 per contract, and reduce the Market Maker Maker fee from $0.50 to $0.20 per contract. The filing states that the proposed changes became effective upon filing, and the SEC is soliciting comments through December 4, 2026.

[View original listing](https://www.federalregister.gov/documents/2026/11/13/2026-23188/self-regulatory-organizations-mx2-llc-notice-of-filing-and-immediate-effectiveness-of-a-proposed)