Pay Up for Your Private Trading Test Drive: MIAX Pearl's New Fee Hits
Published Date: 3/18/2025
Notice
Summary
MIAX Pearl is adding a new fee for traders who want a special, dedicated connection to their testing system. This change affects anyone using the Exchange’s test environment and starts right away. It helps cover costs while keeping testing smooth and reliable.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
New Fee for Dedicated Test Connections
If you are a market participant who wants a special, dedicated cross connection to MIAX Pearl’s testing systems environment, the Exchange has adopted a new fee for that dedicated connection. The rule filing was submitted on March 5, 2025 and the change is designated for immediate effectiveness.
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Key Dates
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Previous: 2025-04323 — Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule To Adopt Fees for Dedicated Cross Connection Access to the Testing Systems Environment
Miami International Securities Exchange is adding a new fee for traders who want a special, dedicated connection to their testing system. This change affects market participants using this service and takes effect immediately, meaning users should expect to pay for this access starting now. The goal is to cover costs and keep the testing environment running smoothly.
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