MIAX Pearl Prolongs Bulk Data Discount Through 2025
Published Date: 7/22/2025
Notice
Summary
MIAX Pearl is extending a 20% discount on fees for buying big bundles of Open-Close Report data until the end of 2025. This helps traders and firms save money when they purchase $20,000 or more in historical data in one go. The discount was supposed to end mid-2025 but now sticks around through December 31, 2025.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
20% Discount Extended Through 2025
MIAX Pearl extended a temporary 20% discount on historical Open-Close Report purchases that meet a $20,000 single-order minimum. The extension runs through December 31, 2025 (the program had been set to expire June 30, 2025).
Baseline Prices and Historical Data Availability
MIAX Pearl charges $600 per month for the End-of-Day subscription and $2,000 per month for the Intra-Day subscription for the Open-Close Report. Ad-hoc historical requests are $500 per request per month for End-of-Day data (available back to June 2021) and $1,000 per request per month for Intra-Day data (available back to March 2017).
Discount Rules: Subscribers Only; No Stacking
The 20% discount applies only to existing monthly subscribers who buy the same category of historical data and is available to Members and non-Members who qualify. The discount is applied on an order-by-order basis (the Exchange does not aggregate purchases across a billing cycle) and cannot be combined with other Exchange discounts, including the academic discount.
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