MIAX PEARL Updates Rule on Exchange Data Feed Usage
Published Date: 3/20/2026
Notice
Summary
MIAX PEARL is updating its rule to clarify where it gets market data for the Texas Stock Exchange. This change affects traders and firms using MIAX PEARL’s data feeds and helps keep trading smooth and accurate. The update took effect right away on March 9, 2026, with no new fees involved.
Analyzed Economic Effects
4 provisions identified: 4 benefits, 0 costs, 0 mixed.
MIAX PEARL names SIP as TXSE feed
MIAX PEARL amended Exchange Rule 2613(a) to state that for Texas Stock Exchange LLC (TXSE) the Exchange will use the securities information processor (SIP) feed as its primary source for order handling, execution, routing, and regulatory compliance.
No secondary data source for TXSE
MIAX PEARL’s amended Rule 2613(a) specifies that, with respect to TXSE, the Exchange will not have a secondary source of market data and will rely on the SIP feed as its only source for TXSE data.
No fees tied to the rule change
The filing states the rule update took effect on March 9, 2026, and the change involves no new fees for the use of MIAX PEARL’s data feeds.
TXSE launch window and operative notice
The filing notes TXSE is preparing for launch and that continuous trading is expected to commence between July 2, 2026 and July 17, 2026; MIAX PEARL will issue an alert to announce the operative date of the rule change.
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