15 May 2025
💻New Monthly Fee for Accessing MIAX Pearl Testing Systems
Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Pearl Options Exchange Fee Schedule To Adopt Fees To Access the Testing Systems Environment
Summary
MIAX Pearl LLC has proposed a rule change to amend their fee schedule for accessing their testing systems environment. A new fee of $1,000 per month will apply for dedicated cross connections, while VPN access remains free. This change aims to enhance the testing experience for Members and non-Members, ensuring optimal system performance before live trading.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change entails a new monthly fee of $1,000 for accessing the testing systems environment via dedicated cross connections, impacting operational costs for participating businesses who choose to utilize it. The fee structure offers options for both Members and non-Members, which necessitates consideration for budget allocation in technology investments.