Federal Register #SR-PEARL-2026-43

MIAX PEARL proposes clarifying Midpoint Peg Order rebate indicators

The Securities and Exchange Commission notice concerns a proposed clarification to MIAX PEARL, LLC’s Equities Fee Schedule. - Government agency: Securities and Exchange Commission (SEC). - Filing entity: MIAX PEARL, LLC, which proposes adding liquidity indicator codes Ep and Fp to the Fee Schedule section on Midpoint Peg Order liquidity rebates. - The codes clarify which executions during the Early and Late Trading Sessions qualify for the existing rebates; the proposal does not change fee or rebate amounts. - This is a regulatory notice, not a procurement opportunity. No products, services, quantities, part numbers, OEMs, or procurement vendors are requested.

Description

MIAX PEARL, LLC proposes a clarifying amendment to the MIAX Pearl Equities Fee Schedule. The change adds liquidity indicator codes Ep and Fp to the section on Midpoint Peg Order Adding Liquidity at Midpoint Volume Tiers, reflecting codes already applicable to certain executions during the Early and Late Trading Sessions. The notice states that no fees or rebates are being changed and that the amendment became effective upon filing. The Securities and Exchange Commission invites comments on the proposed rule change.

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