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MIAX PEARL, an options exchange, has submitted a proposal to the Securities and Exchange Commission to amend its fee schedule, aiming to attract more trading activity by adjusting thresholds for rebates and fees for market makers. It plans to increase the volume threshold for Tier 2 from 0.45% to 0.75% of national monthly volume in specific options and introduce a new tiered incentive (Tier 3) based on trading activity in SPY options. The revisions are designed to enhance market liquidity and competitiveness by encouraging market makers to bring more orders to the exchange. These changes became effective on January 4, 2021, and aim to benefit all market participants through better liquidity and tighter markets.

The Securities and Exchange Commission has announced that MIAX PEARL, LLC has filed a proposed rule change to update the fee schedule for its options exchange. This change introduces new fee categories for its proprietary market data feeds, the "Top of Market" and "Liquidity" feeds. The proposal has been marked for immediate effectiveness, and the SEC is seeking public comments on this change. Comments should be submitted by March 25, 2025.

MIAX EMERALD, LLC filed a proposed rule change with the Securities and Exchange Commission on December 20, 2024. This proposal seeks to establish a fee discount program for the Open-Close Report in the MIAX Emerald Options Exchange Fee Schedule. The Exchange has designated the proposal for immediate effectiveness, but the Commission has the authority to suspend it within 60 days if deemed necessary for public interest or investor protection. The Commission invites public comments on the proposal by January 29, 2025, and comments can be submitted electronically or on paper.