Search Results for keywords:"MIAX PEARL, LLC"

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Search Results: keywords:"MIAX PEARL, LLC"

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  • 2024-29928 — 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 Make a Non-Substantive Change
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    Type:Notice
    Citation:89 FR 102982
    Reading Time:about 12 minutes

    The Securities and Exchange Commission (SEC) published a notice of a proposed rule change by MIAX PEARL, LLC, which operates an equities trading platform. This change involves updating their fee schedule to add more information regarding rebates for retail orders. This update is intended to clarify the rebates customers will receive when they make trades that add liquidity to the exchange. The proposal does not change the fees or rebates but aims to make the fee schedule easier to understand for users, ensuring transparency and reducing confusion.

    Simple Explanation

    MIAX PEARL, a company that helps people trade stocks, is updating their list of fees to make it easier to understand how much money people get back when they trade certain kinds of orders. They are not changing how much money people get back; they just want to make sure everything is clear so people are not confused.

  • 2021-00811 — Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule Regarding Tape B Securities
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    Type:Notice
    Citation:86 FR 4139
    Reading Time:about 16 minutes

    MIAX PEARL, LLC has submitted a proposal to the Securities and Exchange Commission to change its fee schedule for trading equities. The proposal suggests increasing the rebate for displayed orders adding liquidity in Tape B securities to $0.0035 per share and decreasing the fee for removing liquidity to $0.0027 per share, effective January 1, 2021. These changes aim to encourage more trading on the platform by offering better incentives compared to competitors. The proposed fee adjustments are intended to attract more order flow, boost liquidity, and enhance the trading opportunities available for market participants.

    Simple Explanation

    MIAX PEARL, LLC wants to change how much it costs to buy and sell certain stocks on their platform, making it cheaper to trade some stocks to get more people to trade with them. They're targeting a specific group of stocks called "Tape B" and hope that by offering better deals, more buyers and sellers will come to them.