MIAX PEARL Gets Extra Time for Commodity Trading Rule Tweaks
Published Date: 5/1/2025
Notice
Summary
MIAX PEARL wants to update its rules so it can offer options trading on commodity-based trust shares, which are special investment products tied to things like gold or oil. The SEC is taking extra time to review this change carefully, pushing their decision deadline from early May to June 2025. This affects investors and traders who might get new ways to invest, but no money changes hands yet.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Options on Commodity Trust Shares
MIAX PEARL filed a proposed rule change on March 5, 2025 to amend Exchange Rule 402 so the exchange could list and trade options on Commodity-Based Trust Shares (investment products tied to commodities). The SEC has set June 17, 2025 as the date by which it will act on the proposal.
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Key Dates
Department and Agencies
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Previous / Next Documents
Previous: 2025-07494 — Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Partial Amendment Nos. 1 and 2, To Amend Exchange Rule 402, Criteria for Underlying Securities, To List and Trade Options on Commodity-Based Trust Shares
MIAX Sapphire wants to let people trade options on special commodity-based trust shares by changing their rules. The SEC is taking extra time to review this idea carefully, so no decisions will happen before early May 2025. This change could open new trading opportunities for investors and the exchange.
Next: 2025-07496 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Rule 5.3-O To Permit Options on Commodity-Based Trust Shares
NYSE Arca wants to let people trade options on Commodity-Based Trust Shares, which are special investment products. The SEC needs more time to review this idea, so they extended their decision deadline to June 15, 2025. This affects investors and traders who might get new ways to invest, but no money changes yet until the SEC decides.