Search Results for keywords:"MIAX PEARL"

The Nasdaq Stock Market LLC has proposed a change to its rules concerning data feeds used for handling, routing, and executing stock orders. They plan to use direct feeds from MIAX PEARL, LLC and MEMX LLC as their primary sources for market data, with CQS/UQDF as a secondary source if needed. This change aims to enhance transparency and support a fair and open market by clearly showing where Nasdaq gets its quotation data. The proposed rule change is intended to be implemented within 90 days of its effective date, and the Securities and Exchange Commission is open to public comments on this proposal until March 15, 2021.

MIAX PEARL, LLC has submitted a proposal to the Securities and Exchange Commission (SEC) to update its By-Laws with changes that would, among other things, remove the need to maintain certain committees such as the Compensation Committee and the Quality of Markets Committee. The proposal also includes updates to how compensation for officers is determined, excluding the Chief Regulatory Officer, and other personnel-related processes. The proposed changes will be effective immediately, and the SEC is inviting public comments on these updates until February 19, 2025.

The Securities and Exchange Commission (SEC) received a proposed rule change from MIAX PEARL, LLC, to allow trading options on three Ethereum-related funds: the Grayscale Ethereum Trust, the Grayscale Ethereum Mini Trust, and the Bitwise Ethereum ETF. This proposal comes as a response to similar competitive offerings approved by the NYSE American. MIAX Pearl argues that these changes will offer investors a lower-cost tool for managing risks and gaining exposure to Ethereum prices. The SEC aims to ensure this new trading option is in line with its rules designed to prevent fraud and maintain fair trading practices.

Nasdaq BX, Inc. has submitted a proposal to the Securities and Exchange Commission to update Rule 4759, which governs the data feeds the exchange uses for handling and executing orders. The proposed amendment aims to add a direct data feed from MIAX PEARL, LLC and MEMX LLC as the primary sources, while CQS/UQDF will become the secondary source, to ensure data is available even if the primary source fails. This change is intended to improve transparency and efficiency without affecting competition, and comments on the rule can be submitted to the SEC until March 15, 2021.

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.

The Securities and Exchange Commission (SEC) received a proposed rule change from MIAX PEARL, LLC, which aims to amend certain billing rules to allow members to offer alternative payment instructions apart from their designated clearing account numbers. This flexibility is designed to ease potential operational burdens for members when paying fees to the Exchange or MIAX Pearl Equities. The changes ensure that while members can request alternative payment arrangements, the Exchange retains the right to revert to traditional payment methods if required, ensuring that fees are collected efficiently. The SEC has waived the usual 30-day delay for this proposal, allowing it to become effective immediately upon filing.

MIAX PEARL, LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) on February 6, 2025. This change would allow the listing and trading of options on the Goldman Sachs Physical Gold ETF and update the names of certain trusts. The change was filed under a rule allowing it to become effective immediately, as it doesn't significantly impact investor protection, public interest, or competition. The SEC invites public comments on this proposal, which they can submit through various methods until March 14, 2025.

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.

Nasdaq PHLX LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to update Rule 3304, which deals with the data feeds the Exchange uses for processing orders and regulatory operations. The change will make MIAX PEARL, LLC and MEMX LLC the primary data sources, with CQS/UQDF as the secondary source. The purpose of this update is to enhance transparency and provide clearer information to market participants. The SEC is inviting public comments on this proposed change by March 16, 2021.

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.