MIAX PEARL Opens Doors to Options on Elite ETFs
Published Date: 9/25/2025
Notice
Summary
MIAX PEARL is updating its rules to allow options trading on certain Exchange Traded Funds (ETFs) that meet new federal standards. This change opens up fresh opportunities for investors to trade options on these ETFs starting immediately, making the market more flexible and exciting. If you trade options or ETFs, keep an eye out for these new possibilities on MIAX PEARL!
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Options Allowed on Rule 6c-11 ETFs
MIAX PEARL amended Exchange Rule 402 to allow the listing and trading of options on exchange-traded funds (ETFs) that qualify as “ETF Shares” under SEC Rule 6c-11. The change was filed on September 9, 2025 and applies to ETFs listed pursuant to the generic listing standards described in Rule 19b-4(e).
Faster Time-to-Market for ETF Options
Under the amended rule, options on qualifying Rule 6c-11 ETF Shares can be listed pursuant to Rule 19b-4(e) without a separate SEC approval, which can reduce the time needed to bring those options to market. The Commission waived the usual 30-day operative delay and made the filing operative upon filing (filed September 9, 2025).
Existing Surveillance and Limits Still Apply
Options on ETF Shares listed under the amended standard will be traded under MIAX PEARL's existing options trading rules and surveillance programs, including position limits such as those in MIAX Rule 307. The listing change does not remove current surveillance or position limit protections.
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: 2025-18557, Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Administrative Information Subscriber Market Data Feed
Miami International Securities Exchange (MIAX) is updating its market data feed to add an origin code to liquidity seeking event notifications. This change helps subscribers better track where trading interest comes from in real time. The update is effective immediately and aims to improve data clarity without extra cost to users.
Next: 2025-18559, Amendment of Notice of Funds Availability for Community Development Financial Institutions Program; Revised Application Submission Deadline
The CDFI Fund is updating its application rules for financial help to better match recent court decisions and the President’s priorities. If you already applied, don’t worry—you don’t have to start over, but some applicants moving to the final review step can update their applications. This change keeps things fair and clear, with no impact on earlier scoring steps or deadlines.