25 Feb 2025
💰Proposed Fee Schedule Changes at MIAX Pearl - Business Impact
Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Pearl Equities Fee Schedule
Summary
The SEC issued a notice regarding MIAX Pearl's proposed amendments to its fees for equities trading, including changes for early and late sessions, new liquidity codes, and adjustments to rebates. This filing aims to enhance operational efficiency and engage stakeholders through a public comment period on the proposed alterations.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
This notice outlines a proposed rule change by MIAX Pearl that amends the fee schedule affecting trading sessions. The changes, including new fees and rebates, will directly impact trading costs for business owners and trading firms, influencing their operational expenses and profitability.