27 May 2025
📈MIAX Pearl Market Data Fee Schedule Amendments Overview
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 New Fee Categories for the Exchange's Proprietary Market Data Feeds
Summary
The Securities and Exchange Commission published a notice for MIAX Pearl's proposed rule change to amend its market data fee schedule. The changes include new fee categories such as user and non-display usage fees for proprietary market data feeds, impacting subscription and operational costs for traders and firms relying on this data.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory text outlines amendments to the fee schedule for proprietary market data feeds offered by MIAX Pearl, impacting business owners who subscribe to these data feeds. The introduction of new user fees, non-display usage fees, and the removal of mid-month pro-rating affect financial planning and operational decisions.