Search Results for keywords:"MIAX PEARL"

MIAX PEARL, LLC has proposed a rule change to amend its fee schedule for equity securities trading to introduce new fees for Industry Members. These fees, referred to as CAT Fee 2025-1, are intended to cover part of the costs associated with the National Market System Plan for the Consolidated Audit Trail. Starting at a rate of $0.000022 per executed equivalent share, these fees will replace an earlier fee, CAT Fee 2024-1, which had a higher rate of $0.000035. The Securities and Exchange Commission is inviting public comments on this proposed rule change.

MIAX PEARL, an options exchange, has submitted a proposal to the Securities and Exchange Commission to amend its fee schedule, aiming to attract more trading activity by adjusting thresholds for rebates and fees for market makers. It plans to increase the volume threshold for Tier 2 from 0.45% to 0.75% of national monthly volume in specific options and introduce a new tiered incentive (Tier 3) based on trading activity in SPY options. The revisions are designed to enhance market liquidity and competitiveness by encouraging market makers to bring more orders to the exchange. These changes became effective on January 4, 2021, and aim to benefit all market participants through better liquidity and tighter markets.

The Securities and Exchange Commission (SEC) has published a notice about a rule change by the MIAX PEARL, LLC Exchange. This proposed change would allow the exchange to list and trade options on the Fidelity Ethereum Fund. These options let investors engage with Ethereum without directly buying the cryptocurrency. The proposal aims to offer another trading venue for these options to enhance market transparency and liquidity, in a manner similar to what is already available for options on ETFs tied to other commodities.

This document from the Securities and Exchange Commission outlines a proposed rule change by MIAX PEARL, LLC regarding its fee schedule for network connectivity. MIAX PEARL plans to raise the monthly network connectivity fees for its 10 gigabit ultra-low latency (ULL) connections from $9,300 to $10,000 for both members and non-members. The Exchange argues that these fees are necessary to cover the costs of maintaining its network infrastructure and that the change is reasonable and fair. The SEC is seeking comments on this proposal to ensure transparency and fairness in the setting of fees.

In a notice published by the Securities and Exchange Commission, the MIAX PEARL, LLC proposed a change to its rules to allow the listing and trading of options on the iShares Ethereum Trust. This change is intended to give investors a more cost-effective way to invest in Ether, a type of cryptocurrency, without directly owning it. The rule change aligns with similar approvals from other exchanges and aims to enhance the tools available to investors for managing their investment portfolios. The proposal has been filed to encourage comments from the public and does not impose significant burdens on competition or investor protection.

The Securities and Exchange Commission announced that MIAX PEARL, LLC submitted a new rule change on February 13, 2025. This change involves adjustments to the fee schedule for their equities trading platform, MIAX Pearl Equities. The modifications include new fees and rebates for trades during early and late trading sessions, altering some rebate programs, and revising fees for trades routed to other exchanges. The SEC is inviting the public to comment on this proposal by March 18, 2025.

The Securities and Exchange Commission (SEC) is reviewing a proposed rule change from MIAX PEARL, LLC to amend its Exchange Rule 402. This change would allow the listing and trading of options on Commodity-Based Trust Shares, similar to proposals by other exchanges like Nasdaq ISE and NYSE. Such options would give investors new ways to manage their investments, offering a lower-cost method and increased transparency compared to unregulated markets. Public comments on the proposal are being solicited before a decision is made.

MIAX PEARL, LLC, a self-regulatory organization, has proposed a rule change to expand the number of Limited Service MEO Ports available to its members, doubling the potential from eight to ten for each "Matching Engine." This expansion plan is in response to increased customer demand and the need for more network capacity, which is partly driven by rising market volatility. The fees for these additional ports will remain the same, with the ninth and tenth ports costing $400 per month each, which is the current charge for the seventh and eighth ports. The Securities and Exchange Commission (SEC) is reviewing the proposal and invites public comments on it by January 26, 2021.

MIAX PEARL, LLC has submitted a proposal to the Securities and Exchange Commission to change its fee schedule for trading equity securities on its exchange platform. The proposed changes aim to introduce several fees, including connectivity fees, port fees, technical support request fees, and historical market data fees. The exchange argues that these fees are necessary to recover some of the costs associated with providing and maintaining their trading infrastructure and to ensure fair and equitable access for all users. The SEC is seeking comments on this proposal from interested parties to ensure compliance with relevant regulatory standards.

The Securities and Exchange Commission has announced that MIAX PEARL, LLC (“MIAX Pearl”) filed a proposal to allow options trading on the VanEck Bitcoin Trust, which is a bitcoin-backed exchange-traded fund (ETF). This proposed rule change would amend the exchange's current rules to include this trust, following a similar proposal made by Cboe Exchange, Inc. The filing claims that offering options on the VanEck Bitcoin Trust will provide investors with an affordable and transparent way to gain exposure to Bitcoin. The SEC is inviting public comments on the proposed rule change before making a final decision.