💵MIAX Pearl Proposes Amendments to Equities Fee Schedule
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 To Amend the Fees for Ports
Summary
MIAX Pearl, LLC, has announced a proposed rule change to amend its equities trading fee schedule, eliminating free port offerings for FIX, MEO, and FXD ports. All ports will now incur a standard monthly fee of $450, aligning with industry standards to enhance market competitiveness. The Exchange emphasizes transparency by removing outdated terminology and fees without waiver periods, aiming to clarify the pricing structure for Equity Members.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed amendments to MIAX Pearl's Fee Schedule remove free port offerings and establish a uniform $450 fee per port, impacting cost structures for Equity Members. These changes may result in increased operational costs for businesses relying on port connectivity, thus affecting their trading strategies and profitability.