Search Results for keywords:"MIAX PEARL"

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.

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 has received a proposed rule change from MIAX PEARL, LLC, filed on March 5, 2025. This proposal aims to introduce a fee for participants who use the Exchange's testing systems environment through a dedicated cross connection. The proposal is immediately effective, and the Commission is inviting public comments on whether this change complies with the relevant regulations. Comments can be submitted online or via mail, and should refer to the designated file number SR-PEARL-2025-07.

The Securities and Exchange Commission is reviewing non-substantive rules proposed by MIAX PEARL, LLC. These proposed changes are intended to clarify and update outdated rules in MIAX Pearl's Rulebook. Key changes include correcting the way certain information is announced, removing references to obsolete mini-options, and updating regulatory citations. The Commission is inviting comments from the public and has allowed these rule changes to be effective immediately, as they do not significantly impact investor protection or market competition.

The Securities and Exchange Commission has announced that the MIAX PEARL, LLC filed a proposed rule change on December 20, 2024, to update their fee schedule. This change aims to introduce new fee categories for their proprietary market data feeds, known as the Top of Market (ToM) and the Liquidity Feed (PLF). The proposal has been designated for immediate effectiveness, allowing it to be implemented without delay. The Commission is inviting public comments on this rule change, which can be submitted via email or their online comment form until January 31, 2025.

The Securities and Exchange Commission (SEC) has approved a rule change proposed by MIAX PEARL, LLC to amend its By-Laws to align with an Equity Rights Program (ERP). This change allows certain exchange members to nominate or appoint a representative to the MIAX PEARL Board of Directors if they meet specified criteria and thresholds in trading volume and exchange fees over a set period. ERP members will have the opportunity to nominate a director or appoint an observer with non-voting rights to the board, providing greater representation for those active in trading. These adjustments maintain compliance with regulatory requirements, ensure fair representation, and preserve the board's composition and duties.

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.

The Securities and Exchange Commission (SEC) is considering a proposal by MIAX PEARL, LLC to change its fee schedule to include a discount program for its Open-Close Report. This proposed rule change was filed on December 20, 2024, and is designed to take effect immediately. The SEC is inviting public comments and has provided a form for electronic submission. Comments should be submitted by January 23, 2025, and must reference the file number SR-PEARL-2024-59.

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.

MIAX PEARL, LLC submitted a request to the Securities and Exchange Commission (SEC) to amend a rule that would allow them to list and trade options on Commodity-Based Trust Shares. This proposal, initially filed on March 5, 2025, was modified with two amendments filed on March 11 and March 12. It was open for public comment until May 3, 2025, but no comments were received. The SEC decided to extend the decision period to June 17, 2025, to allow more time for consideration of the proposal.