2025-08925NoticeWallet

MIAX Ends Free Ports: Traders Foot the Bill Now

Published Date: 5/20/2025

Notice

Summary

MIAX Pearl is changing how it charges for three types of trading ports—FIX, MEO, and FXD—by ending free ports and charging the same fee for each one. This means traders using MIAX Pearl Equities will now pay a consistent fee for every port they use, starting right away. The new fees are fair and in line with what other exchanges charge, so no surprises, just clearer costs!

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Ports Now Cost $450/Month Each

If you are an Equity Member using MIAX Pearl Equities, starting May 1, 2025 the Exchange will charge $450 per month for each FIX port, each MEO port, and each FXD port. The Exchange will no longer provide the first five FIX and MEO ports for free or any FXD ports for free.

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Key Dates

Effective Date
Published Date
5/1/2025
5/20/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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