2025-13472Notice

MIAX Pearl Fixes Confusion in Odd Lots Trading Rules

Published Date: 7/18/2025

Notice

Summary

MIAX PEARL is making two small but important fixes to its rule about odd and mixed stock lots to clear up confusion. These changes affect traders using MIAX Pearl Equities and take effect immediately, with no extra costs involved. Basically, they’re just tidying up the rulebook to keep things smooth and clear for everyone.

Analyzed Economic Effects

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

Minor Clarifications to Odd/Mixed Lots Rule

MIAX Pearl revised Exchange Rule 2611(c) by removing the word "new" before "timestamp" and by adding more precise cross-references to Exchange Rules 2616(a)(3)(i)(B) and 2617(b)(6)(iv). The change does not alter trading functionality, imposes no extra costs, and took effect immediately after the filing on July 3, 2025.

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Key Dates

Effective Date
Published Date
7/3/2025
7/18/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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