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.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12163 — The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373 — Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-12252 — Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Pearl Options Exchange Fee Schedule To Establish Fees for the Trade-by-Trade Report
MIAX Pearl Options Exchange is adding new fees for their Trade-by-Trade Report starting now. Traders and firms who want this detailed report will pay a monthly subscription or a fee for one-time historical data requests, with discounts if they also buy related reports. This change helps the Exchange cover costs and keeps data access clear and fair.
2026-12260 — Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend its Rules Related to Market Makers
The Long-Term Stock Exchange (LTSE) wants to update its rules for Market Makers—those who help keep trading smooth and steady. They’re adding clear definitions, setting up a new registration system, and creating fresh responsibilities for Market Makers and their traders. These changes aim to make trading fairer and more organized, with no big cost changes expected, and they’re open for public comments now.
Previous / Next Documents
Previous: 2025-07312 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To List and Trade Shares of the VanEck Avalanche ETF Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
Nasdaq wants to start trading shares of the VanEck Avalanche ETF, a new fund tied to the Avalanche cryptocurrency, under its special commodity-based rules. This means investors can buy and sell these shares on Nasdaq soon, opening up fresh ways to invest in digital assets. The proposal was filed in April 2025 and is now open for public comments before it goes live.
Next: 2025-07314 — Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing of Proposed Rule Change To Amend the Recovery and Wind-Down Plan To Satisfy the Requirements of Exchange Act Rule 17ad-26
The National Securities Clearing Corporation (NSCC) is updating its plan to handle big money problems or business troubles so it can keep running smoothly or shut down safely if needed. This change affects NSCC and anyone relying on its services to clear trades, making sure they follow new rules by mid-2025. No extra costs are expected, but the update keeps the financial system safer and stronger.