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Search Results: keywords:"Miami International Securities Exchange"

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2021-04091 — Order Granting Application by MIAX PEARL, LLC for an Exemption Pursuant to Section 36(a) of the Exchange Act From the Rule Filing Requirements of Section 19(b) of the Exchange Act With Respect to Certain Rules Incorporated by Reference
March 01, 2021
Type:Notice
Citation:86 FR 12064
Reading Time:about 13 minutes
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.
Simple Explanation
MIAX PEARL, a company that helps people trade things like stocks, got permission to change some of their rules more easily so they match rules from other similar companies. This means they'll have to tell people about these changes, but they don't have to file a lot of extra paperwork each time.
2025-04511 — Self-Regulatory Organizations; Notice of Filing of a Proposed Rule Change, as Modified by Partial Amendment No. 1, by Miami International Securities Exchange, LLC To Amend Exchange Rule 402, Criteria for Underlying Securities, To List and Trade Options on Commodity-Based Trust Shares
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March 19, 2025
Type:Notice
Citation:90 FR 12870
Reading Time:about 31 minutes
The Securities and Exchange Commission has announced that the Miami International Securities Exchange is proposing a change to its rules that would allow the listing and trading of options on Commodity-Based Trust Shares. These trust shares represent interests in a trust that holds specific commodities and sometimes cash, similar to how some ETFs work. The purpose of the change is to make it easier and faster to list options on these trust shares once they have met initial criteria without needing further approvals. This proposal is part of a competitive effort alongside other exchanges like Nasdaq, NYSE, and Cboe, and aims to increase investment options for market participants while promoting competition and consistency in the rules for trading such options.
Simple Explanation
The Miami International Securities Exchange wants to make it easier to buy and sell special options related to certain goods, like gold or oil, by updating their rules. This change would let them offer these options quicker without needing extra approval every time, helping more people join the fun of trading these goods, just like when you trade collectible cards.
2025-02752 — Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule Related to the Removal of SPIKES Options
February 19, 2025
Type:Notice
Citation:90 FR 9940
Reading Time:about 3 minutes
The Miami International Securities Exchange, LLC has filed a proposed rule change with the Securities and Exchange Commission, effective immediately. This change aims to amend the fee schedule by removing transaction fees and rebates for SPIKES options, eliminating the SPIKES Options Market Maker Incentive Program, and deleting certain references to Proprietary Products. The modifications are set to take effect on February 1, 2025. Public comments on the proposal are invited, with a submission deadline of March 12, 2025.
Simple Explanation
The Miami International Securities Exchange changed some rules so people won't pay fees or get rewards when trading a specific type of option called "SPIKES." This change starts on February 1, 2025, and people can send in their thoughts about it until March 12, 2025.

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