Federal Register #SR-PEARL-2026-32

SEC Notice: Extension of MIAX Open-Close Report Data Discount Program

This opportunity concerns the SEC's notice of a proposed rule change to extend a discount program for proprietary options trading data from MIAX PEARL, LLC and Miami International Securities Exchange, LLC (MIAX). - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - MIAX PEARL, LLC - Miami International Securities Exchange, LLC (MIAX) - Products/Services Requested: - Proprietary Open-Close Report data subscriptions and ad-hoc historical data requests - End-of-Day Open-Close Report (monthly subscription and ad-hoc) - 10-Minute Open-Close Report (monthly subscription and ad-hoc) - 1-Minute Open-Close Report (monthly subscription and ad-hoc) - Part Numbers and Quantities: - No specific part numbers; quantities are based on monthly subscriptions or ad-hoc requests - Notable Requirements: - 20% discount applies to ad-hoc purchases of $20,000 or more for End-of-Day and 10-Minute Reports - 1-Minute Report is excluded from the discount program - Data products are available to both members and non-members - Discount program extended through December 31, 2026 - Competing Exchanges: - Similar data products are available from Cboe Exchange, Inc., Cboe C2 Exchange, Inc., Cboe EDGX Exchange, Inc., and Cboe BZX Exchange, Inc.

Description

This notice announces a proposed rule change filed by MIAX PEARL, LLC with the Securities and Exchange Commission to amend the MIAX Pearl Options Exchange Fee Schedule. The amendment seeks to extend a temporary discount program for historical requests of certain Open-Close Report data until December 31, 2026. The discount program offers a 20% fee reduction for subscribers purchasing $20,000 or more in a single order of historical Open-Close Report data, excluding the 1-Minute Report. The rule change aims to encourage wider accessibility and continued subscription to the data product.

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