20 May 2025
📈MIAX Pearl Equities Announces Changes to Port Fee Structure
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
MIAX Pearl Equities is implementing a significant amendment to its fee schedule by removing the tiered pricing structure for trading ports. All types of FIX, MEO, and FXD ports will now incur a uniform monthly fee of $450. This change aims to align their fees with industry standards and enhance clarity in the trading environment.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document outlines regulatory changes to MIAX Pearl Equities' fee structure, specifically the elimination of free port offerings and the introduction of a uniform $450 fee across different port types. This impacts business owners as they will incur additional operational costs when connecting to this exchange, affecting their trading expenses and operational budgets.