18 Mar 2025
💰MIAX Pearl Proposes New Fees for Trading System Access
Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Pearl Options Fee Schedule To Adopt Fees for Dedicated Cross Connection Access to the Testing Systems Environment
Summary
MIAX Pearl, LLC has filed a proposed rule change to amend its fee schedule, establishing a new fee for market participants that opt for dedicated cross connection access to the testing systems environment. This change is designated for immediate effectiveness, and public comments are invited regarding its consistency with the Securities Exchange Act.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change introduces a fee for accessing MIAX Pearl's testing systems environment via dedicated cross connection, impacting businesses that utilize these services. Compliance with the updated fee structure will be required, directly affecting operational budgets and planning.