Search Results for keywords:"Miami International Securities Exchange"

The Miami International Securities Exchange, LLC (MIAX) has proposed changes to its By-Laws. The amendments involve removing the requirement for a Compensation and a Quality of Markets Committee within the Board, updating processes for determining the compensation and personnel actions involving the Chief Regulatory Officer, and making clarifying changes. These changes have been filed with the Securities and Exchange Commission and are effective immediately. MIAX invites the public to submit comments about these proposed changes using various online or mailing methods.

The Miami International Securities Exchange LLC has proposed a rule change to amend its fee schedule. This change aims to extend the waiver of the 1,000 contracts cap per leg for cPRIME Agency Order rebates within the Priority Customer Rebate Program (PCRP) until March 31, 2021. The Exchange believes this will encourage larger orders and enhance market competition. The Securities and Exchange Commission invites public comments on this proposed rule change.

The Securities and Exchange Commission (SEC) announced that the Miami International Securities Exchange proposed a new rule set to immediately take effect. This rule involves amending the fee schedule for its proprietary market data feeds, including fees for the Top of Market feed, the Complex Top of Market feed, the Administrative Information Subscriber feed, and the MIAX Order Feed. Interested individuals have until March 25, 2025, to provide feedback on these proposed changes, which can be submitted through the SEC's website or by email. The SEC will review all comments, although any obscene or copyrighted material may be redacted or withheld.

The Miami International Securities Exchange, LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) to update its fee schedule, specifically introducing new fee categories for its proprietary market data feeds. These data feeds include the Top of Market (ToM) feed, Complex Top of Market (cToM) feed, Administrative Information Subscriber (AIS) feed, and MIAX Order Feed (MOR). The proposal is intended to become effective immediately and is soliciting public comments on whether it aligns with the Securities Exchange Act of 1934. Comments can be submitted to the SEC by January 31, 2025.

The Miami International Securities Exchange, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC). This change will allow the Exchange to list and trade options on the Goldman Sachs Physical Gold ETF as well as update the names of some trusts to their current names. The SEC has approved the rule to become effective immediately to align with similar rules from other exchanges, noting no negative effects on investor protection or public interest. The public is encouraged to submit comments on this rule change, which are due by March 14, 2025.

The Miami International Securities Exchange LLC submitted a proposal to amend its fee schedule, specifically to increase the network connectivity fees for its 10-gigabit ultra-low latency fiber connections from $9,300 to $10,000 per month for both member and non-member users. This increase is intended to cover the exchange's growing costs and ensure the fees are fair and reasonable, reflecting the resources consumed by users of the higher bandwidth connections. The exchange argues that the proposed fees comply with U.S. securities law, are equitably allocated, and do not impose an unfair burden on competition.

MIAX PEARL, LLC ("Exchange") applied to the Securities and Exchange Commission (SEC) for an exemption from certain rule filing requirements. This request allows changes to MIAX PEARL Equities Rules, which include references to Financial Industry Regulatory Authority (FINRA) and Miami International Securities Exchange (MIAX) rules, to be updated automatically without the need for additional filings. The SEC granted this exemption, reasoning it would keep the rules consistent across different regulatory bodies and avoid duplicate filings. This decision requires MIAX PEARL to notify its members whenever there are changes to the rules they incorporate by reference.

The Miami International Securities Exchange, LLC has submitted a proposal to the Securities and Exchange Commission to increase the number of Limited Service MIAX Express Interface Ports available to market makers without changing existing fees. This expansion is needed due to higher customer demand and market volatility, which have increased network traffic. Even though this expansion will come at a cost, the Exchange aims to offer more ports to ensure sufficient and equal access to its systems for all market participants, while maintaining fair competition and efficient port usage. They emphasize that the decision to purchase additional ports is voluntary for market makers.

The Miami International Securities Exchange, LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) to update its fee schedule for proprietary market data feeds. They plan to introduce new fee categories for feeds, including "Top of Market" and "MIAX Order Feed." This proposal is effective immediately, and the SEC is inviting public comments on the change until April 9, 2025. Comments can be submitted via the SEC's website or through mail.

The Miami International Securities Exchange (MIAX) has proposed changes to its rules to align with those of the Financial Industry Regulatory Authority (FINRA). These amendments would streamline and harmonize inspection and supervisory standards for branch offices and other locations, including integrating remote inspections and the Residential Supervisory Location (RSL) classification. These changes are expected to promote efficiency and uniformity in regulatory compliance for members who are part of both the Exchange and FINRA. The Securities and Exchange Commission (SEC) has been informed of these proposals and is seeking public feedback.