Exchange Launches U.S. Equity Short Volume Report Tool
Published Date: 4/29/2025
Notice
Summary
MIAX PEARL is rolling out a fresh data product called the U.S. Equity Short Volume & Trades Report to give traders and investors new insights into short selling activity. This change updates Exchange Rule 2625 and is effective immediately, meaning users can start accessing this info right away—potentially helping them make smarter money moves. If you trade or track stocks, this new report is made just for you!
Analyzed Economic Effects
4 provisions identified: 3 benefits, 1 costs, 0 mixed.
New Short Volume & Trades Data Product
MIAX PEARL is introducing a new U.S. Equity Short Volume & Trades Report that includes both an end-of-day (EOD) report and an end-of-month (EOM) report. The report will be sold to Equity Members and non-Members on an annual or monthly subscription basis (the Exchange intends to file a separate fee schedule later).
No Historical Data Initially Offered
The Exchange states that, at this time, it will not offer historical data for the EOD Report or EOM Report. This differs from similar reports from the Cboe family of exchanges, which currently offer historical data.
Nanosecond Timestamps in Monthly Report
The EOM (end-of-month) component will record trade date and time with nanosecond precision in the format yyyy-mm-dd hh:mm:ss:mmm:nnnnnn (Eastern Time). The Exchange notes this nanosecond format differs from some other exchanges that publish microsecond timestamps.
Product Effective Immediately Upon Filing
The Commission waived the usual 30-day operative delay and designated the proposed rule change operative upon filing; the Exchange filed the proposed rule change on April 14, 2025. This means the Exchange's rule to offer the report became effective immediately upon that filing.
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