📈Amendments to MIAX Pearl 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 Reduce Certain Rebates Provided Under the NBBO Setter Plus Program and the Requirements for Qualifying for the NBBO Setter Additive Rebate and NBBO First Joiner Additive Rebate Under the NBBO Setter Plus Program
Summary
The Securities and Exchange Commission has published a notice regarding MIAX Pearl's proposed amendments to its equities trading Fee Schedule. The changes include reducing certain rebates under the NBBO Setter Plus Program and altering qualification requirements, aimed at promoting liquidity and competitive market conditions. The proposed revisions are effective immediately following publication.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to amend the MIAX Pearl Equities Fee Schedule, including reductions in rebates, directly impacts trading strategies for Equity Members. The changes may affect profitability and liquidity on the exchange, thus influencing business decisions for firms engaged in equities trading. The requirement adjustments for rebates also necessitate compliance by participants.