MIAX Pearl Raises Prices on Taker Event Reports—Watch the Costs
Published Date: 4/17/2026
Notice
Summary
MIAX Pearl is updating its fee schedule for Liquidity Taker Event Reports by raising annual fees, adding new fees for Purge Liquidity Taker Reports, and offering discounts for multiple subscriptions. They’re also planning to stop monthly subscriptions soon. These changes affect traders who use these reports and start right away, so watch your wallet and subscription choices!
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Analyzed Economic Effects
5 provisions identified: 1 benefits, 3 costs, 1 mixed.
Simple Order Report Annual Hike
If you subscribe to the Simple Order Report, the annual price increases from $24,000 per year to $30,000 per year effective April 1, 2026. The monthly price remains $4,000, and new subscribers are charged for the full calendar month in which they subscribe.
Resting Simple Report Annual Rise
If you subscribe to the Resting Simple Order Report, the annual price increases from $12,000 per year to $15,000 per year effective April 1, 2026. The monthly price remains $2,000 and new subscribers are charged for the full calendar month they join.
New Purge Report Subscription Fees
The Exchange begins offering the Purge Liquidity Taker Report on April 1, 2026 with a monthly subscription price of $4,000 or an annual subscription price of $30,000. New Purge Report subscribers will be charged for the full calendar month in which they subscribe.
Discounts for Multiple Annual Subscriptions
Starting April 1, 2026, the Exchange offers discounts when you buy multiple annual report subscriptions: an annual Simple Order Report or Purge Report is $30,000 each, both Simple + Purge together are $50,000, and adding the Resting Simple Order Report to those is $10,000 (so all three discounted to $60,000).
Sunset of Monthly Subscriptions
The Exchange will stop offering monthly subscriptions to the Reports effective December 31, 2026; beginning January 1, 2027 it will only offer annual subscriptions with semi-annual renewal dates (January 1 and July 1) and pro-rated fees for subscriptions started between those dates. Current monthly subscribers may continue monthly billing through December 31, 2026 or transition/terminate earlier.
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