MIAX Pearl® Equities Exchange Rule Filings
As a registered national securities exchange, MIAX Pearl is required to submit to the SEC, pursuant to Section 19 of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 19b-4 thereunder, proposed rule changes. MIAX Pearl is required to post its rule filings on its website within two business days after submission. Rule filings are not effective until approved by the SEC, with the exception of certain types of rule filings that may take effect upon filing with the SEC if they meet the conditions specified under Section 19 of the Exchange Act and Rule 19b-4 thereunder. MIAX Pearl will post below pending rule filings submitted by the Exchange, followed by rule changes that have been approved by the SEC or became immediately effective pursuant to the Exchange Act.
Sr-PEARL-2025-33
Pending
Amend MIAX Pearl Equities Rule 2611, Odd and Mixed Lots, to make two minor clarifying changes.
July 03, 2025
SR-PEARL-2025-32
Effective / Approved
Amend the MIAX Pearl Options Fee Schedule to extend the temporary discount program for the Open-Close Report until December 31, 2025.
June 30, 2025
SR-PEARL-2025-31
Effective / Approved
Amend the MIAX Pearl Options Fee Schedule to establish User and Non-Display Usage fees for the Exchange's proprietary market data feeds.
June 30, 2025
SR-PEARL-2025-30
Effective / Approved
Amend the MIAX Pearl Equities Fee Schedule to establish fees for Industry Members related to reasonably budgeted CAT costs of the National Market System Plan Governing the Consolidated Audit Trail for the period from July 1, 2025 through December 31, 2025.
June 30, 2025
SR-PEARL-2025-29
Effective / Approved
Amend the MIAX Pearl Options Fee Schedule to establish fees for Industry Members related to reasonably budgeted CAT costs of the National Market System Plan Governing the Consolidated Audit Trail for the period from July 1, 2025 through December 31, 2025.
June 30, 2025
SR-PEARL-2025-28
Effective / Approved
Proposal to amend the MIAX Pearl Equities Fee Schedule to amend the NBBO Setter Plus Program.
June 06, 2025
SR-PEARL-2025-26
Effective / Approved
Amend Pearl Equities Rules 2618, Risk Settings and Trading Risk Metrics, 2621, Clearly Erroneous Executions, 2626, Retail Order Attribution Program, and 2900, Unlisted Trading Privileges to make minor, non-substantive edits and clarifying changes to provide consistency and clarity within the rule text.
June 05, 2025
SR-PEARL-2025-25
Withdrawn
This filing was withdrawn on June 6, 2025 and replaced with SR-PEARL-2025-28.
May 30, 2025