Fee Change Alert
MIAX Pearl Equities
October 24, 2025 | 03:03 PM
MIAX Pearl Equities Exchange Update to Support SEC Fee Transparency
Effective November 3, 2025, pending filing with the U.S. Securities and Exchange Commission (SEC), MIAX Pearl Equities will adopt a new billing methodology in alignment with Regulation NMS Rule 610(d) amendments announced by the SEC. On the effective date, MIAX Pearl Equities will begin calculating pricing tiers for the current month based on the prior month’s trading activity. For example, November tier qualifications will be based on trading activity in October. New Equity Members of MIAX Pearl will default to base pricing tiers as no prior month activity will be available.
To aid Equity Members in understanding their rates for a particular month, MIAX Pearl Equities will make multiple enhancements to its Monthly Tier Report based on the changes described above.
For full details, please review the MIAX Pearl Equities Fee Schedule posted on the MIAX website at MIAX Pearl Equities Exchange Fees.
To learn more about MIAX Pearl Equities, please contact Sales@miaxglobal.com, (609) 897-8177 or visit miaxglobal.com.
For further information, please contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302.