New Fee for Short Sale Data on MIAX Pearl Platform
Published Date: 5/16/2025
Notice
Summary
MIAX Pearl is adding a new monthly fee for traders who want access to the U.S. Equity Short Volume & Trade Report. This change affects anyone using MIAX Pearl’s equities trading platform and starts right away. If you want this special report, be ready to pay a fee starting now!
Analyzed Economic Effects
4 provisions identified: 1 benefits, 2 costs, 1 mixed.
Monthly subscription fees for Report
If you subscribe to the U.S. Equity Short Volume & Trades Report on MIAX Pearl Equities, the Exchange charges $650 per month for an Internal Distributor and $900 per month for an External Distributor. These fees apply to Equity Members and non-Members who elect to subscribe and are effective beginning May 1, 2025.
Annual subscription includes 12 months historical
If you buy an annual subscription to the Report, the subscriber will receive 12 months of historical data at no extra charge; monthly subscribers may instead purchase historical data on a per-month basis. Annual subscribers therefore get the prior 12 months of historical data bundled with their subscription.
Historical monthly report fee and use limits
Historical monthly Reports (going back to September 2020) are available for purchase at $450 per historical monthly Report. Historical Report data is sold for display use redistribution only and subscribers may not charge separately for or incorporate that historical data into their own products.
When you get data and how you are billed
Subscribers receive end-of-day Report access starting on the date they subscribe and will receive the end-of-month report for the subscription month on the last business day of that month. New monthly and annual subscribers are charged for the full calendar month in which they subscribe and will be provided end-of-day data for each trading day of that calendar month prior to the day they subscribed.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile 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!
2026-16936, Eagle Point Credit Management LLC and Eagle Point Trinity Senior Secured Lending Company
2026-16951, Self-Regulatory Organizations; Cboe C2 Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fees Schedule Regarding Certain Free Trials
Cboe C2 Exchange is changing its free trial offer for certain market data. Instead of letting users pick any six months of past data, everyone will get the same fixed six-month period from July to December 2022. This update starts right away and helps keep things simple for traders and data users.
Previous / Next Documents
Previous: 2025-08695, Privacy Act of 1974; System of Records
HUD is updating its system that tracks money owed and payments by adding Taxpayer ID numbers to the info it collects. This change helps HUD keep better tabs on debts and payments, affecting anyone who deals with HUD finances. No new costs or deadlines are mentioned, but this update makes the system smarter and more secure.
Next: 2025-08697, Final Environmental Impact Statement for Army Training Land Retention at Kahuku Training Area, Kawailoa-Poamoho Training Area, and Makua Military Reservation, Island of O'ahu, Hawai'i (ID# EISX-007-21-001-1733763715)
The Army plans to keep using about 6,322 acres of training land on O'ahu, including Kahuku, Kawailoa-Poamoho, and Makua areas. This decision affects local communities and the environment, with a 30-day waiting period before the Army finalizes how much land it will keep. No big money changes were announced, but the move helps the Army continue training while protecting Hawaii’s natural and cultural resources.