Federal Register #SR-MIAX-2026-37

Proposed Rule Change to MIAX Priority Customer Rebate Program Fee Schedule

This notice concerns a proposed rule change by Miami International Securities Exchange, LLC (MIAX) to amend its fee schedule for the Priority Customer Rebate Program (PCRP). - Government buyer: - Securities and Exchange Commission (SEC) - Miami International Securities Exchange, LLC (MIAX) - No OEMs or vendors are involved, as this is a regulatory change, not a procurement. - Products/services requested: - No products or services are being procured; the notice pertains to fee schedule amendments. - Notable requirements: - The rule change modifies the PCRP table, introducing alternative rebates for complex order transactions. - Rebates are based on a member's priority customer total monthly non-paired complex order volume as a percentage of their total monthly priority customer volume. - The notice details volume thresholds and rebate amounts for different tiers. - Eligibility criteria and calculation methods for rebates are outlined. - No contract value, period of performance, or line items are applicable, as this is not a procurement opportunity.

Description

This notice announces a proposed rule change filed by Miami International Securities Exchange, LLC to amend its fee schedule. The amendment modifies the Priority Customer Rebate Program (PCRP) table to establish alternative rebates for certain transactions in complex orders. The change aims to provide higher rebates based on a member's priority customer total monthly non-paired complex order volume as a percentage of their total monthly priority customer volume. The proposal includes detailed volume thresholds and rebate amounts for different tiers of customer order volume.

View original listing