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-2025-06
Effective / Approved
Amend the MIAX Pearl Fee Schedule to adopt new fee categories for the Exchange's proprietary market data feeds.
February 14, 2025
SR-PEARL-2025-05
Effective / Approved
Amend the MIAX Pearl Equities Fee Schedule to establish Liquidity Indicator Codes and associated fees and rebates for orders executed during the Early and Late Trading Sessions; amend certain definitions and footnotes to provide for order interactions that occur during the Early and Late Trading Sessions; increase the fee for executions of orders in securities priced at or above $1.00 per share that remove liquidity; and remove the Step-Up Rebate.
February 13, 2025
SR-PEARL-2025-04
Effective / Approved
Proposal to amend Pearl Options Exchange Rule 402, Criteria for Underlying Securities, to list and trade options on the Goldman Sachs Physical Gold ETF and amend the names of certain trusts to reflect their current names.
February 06, 2025
SR-PEARL-2025-03
Withdrawn
This filing was withdrawn on February 13, 2025 and replaced with SR-PEARL-2025-05.
January 31, 2025
SR-PEARL-2025-02
Effective / Approved
Amend the Pearl Options Fee Schedule to establish a fee for market participants that choose to access the testing systems environment via the dedicated cross connection.
January 14, 2025
SR-PEARL-2025-01
Effective / Approved
Amend the MIAX Pearl By-Laws.
January 10, 2025
SR-PEARL-2024-65
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 2025.
December 27, 2024
SR-PEARL-2024-64
Effective / Approved
Amend the MIAX Pearl Options Fee Schedule to establish fees for Industry Members related to reeasonably budgeted CAT costs of the National Market System Plan Governing the Consolidated Audit Trail for 2025.
December 27, 2024