MIAX Pearl Extends Savings on Open-Close Data Bundles
Published Date: 1/20/2026
Notice
Summary
MIAX Pearl is extending a special 20% discount on fees for buying their Open-Close Report data until June 30, 2026. This means traders and firms who spend $20,000 or more on this data in one order get to save money for six more months. The discount was supposed to end at the end of 2025 but now keeps the savings rolling into mid-2026.
Analyzed Economic Effects
4 provisions identified: 1 benefits, 3 costs, 0 mixed.
20% Discount Extended to June 30, 2026
If your firm or trading shop buys historical Open-Close Report data in a single order of $20,000 or more, MIAX Pearl will apply a 20% discount on that order. The Exchange extended this temporary discount program through June 30, 2026 (it had been set to expire December 31, 2025).
Discount Limited to Existing Subscribers
The 20% discount is available only to existing monthly subscribers who purchase the same category of historical Open-Close Report data that they subscribe to. This limitation is intended to encourage monthly subscriptions rather than extend the discount to new, non-subscribing purchasers.
Discount Applies Order-by-Order Only
To qualify for the 20% discount, a single order must total $20,000 or more; MIAX Pearl does not aggregate purchases over a billing cycle. For example, a qualifying $25,000 order would be discounted to $20,000 (20% off).
Discount Cannot Be Combined With Other Discounts
The temporary 20% discount cannot be combined with any other MIAX Pearl discounts, including the academic discount for Qualifying Academic Purchasers. Buyers who qualify for the academic pricing cannot stack the 20% historical data discount with that academic discount.
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