Federal Register #SR-PEARL-2026-25

SEC Notice: MIAX PEARL, LLC Proposed Rule Change on Non-Penny Class Fees and Rebates

This notice concerns a proposed rule change by MIAX PEARL, LLC regarding fees and rebates for non-penny class options transactions on the MIAX Pearl Options Exchange. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - MIAX PEARL, LLC (the only OEM/vendor mentioned) - Products/Services Requested: - No products or services are being procured; this is a regulatory notice - Key Details: - Proposal to increase maker rebates for Priority Customer orders in all tiers - Amendments to Market Maker origin tables to increase maker rebates in certain tiers - Increases to taker fees in all tiers for non-penny classes - Changes aim to attract more non-penny class trading volume and enhance exchange liquidity - No purchase quantities, part numbers, or procurement requirements are included, as this is not a solicitation for goods or services

Description

The Securities and Exchange Commission has filed a notice regarding a proposed rule change by MIAX PEARL, LLC. The rule change involves amendments to certain fees and rebates applicable to transactions in non-penny classes. The proposal includes increasing maker rebates for Priority Customer orders in all tiers and amending Market Maker origin tables to increase maker rebates in certain tiers and taker fees in all tiers for non-penny classes. The notice aims to attract additional non-penny class volume and increase liquidity on the exchange.

View original listing