Futures

To inquire about becoming an Onyx Direct Access Participant, email the MIAX Membership Department with your firm’s name, contact information and what information you are seeking.

To initiate the Onyx Direct Access Participant application process, complete the Pre-Application Survey linked below.

Upon receipt of your Pre-Application Survey, MIAX will contact you to coordinate an introductory meeting that will lay the groundwork for onboarding to the selected program.

Onyx Direct Access Participant Forms: 

• Pre-Application Survey
• Onyx Direct Access Participant Application
• Direct Access Participant Agreement (Will be available online soon)

Onyx Access Rules
Please review the MIAX Futures Rules governing Onyx Direct Access Participants here (currently pending certification with the CFTC).

MIAX Futures Exchange will contact you to arrange an introductory meeting to discuss your firm’s goals, answer any questions about the application and onboarding process, and schedule an initial Technical Onboarding meeting. 

At the Technical Onboarding meeting, your firm will be introduced to the MIAX Futures Onboarding team (which includes the Trading Operations team) that will guide you through the entire onboarding process. Subject matter experts will be available to discuss network connectivity, application interfaces, system functionality and operational issues.

The Trading Operations team will coordinate follow-up meetings and testing with your appropriate subject matter experts as necessary until activation in the live trading environment.

To inquire about participating in the Preferred Rate Program, email the Membership Department with your firm’s name, contact information, and what information you are seeking.

To initiate the PRP application process, download and complete the Application form linked below. Submit applications via email to the Membership Department.

Preferred Rate Program Forms:

• Preferred Rate Program Application

Preferred Rate Program Rules:
Please review the MIAX Futures Rules governing the Preferred Rate Program here (currently pending certification with the CFTC). 
 

The Preferred Rate Program fees are as follows. To review the discounted product fees, see the Fee Schedule. Discounted product fees will be effective upon Onyx launch. Note that the PRP is replacing the legacy MGEX Trading Permit Program. 

Preferred Rate Program rates are assessed at the Clearing Member account level. The PRP participant is responsible for informing the Exchange and their Clearing Member which accounts should receive PRP rates and, if applicable, any changes to those accounts. The Clearing Member is responsible for designating the accounts as PRP accounts for billing purposes.