MIAX Emerald Offers New Daily Trade-by-Trade Reports
Published Date: 5/21/2026
Notice
Summary
MIAX Emerald is rolling out a new Trade-by-Trade Report that shows detailed info on every options trade made on their exchange. Both members and non-members can buy this report, which updates daily and is ready overnight. This change helps traders get clearer, up-to-date data with no immediate cost changes announced.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
New Trade-by-Trade Report Offered
MIAX Emerald will offer a new Trade-by-Trade Report for purchase to Members and non-Members that provides row-level details for every options execution on the Exchange. The Exchange targets a launch in the second or third quarter of 2026, and the product is voluntary — potential subscribers may choose to buy it.
Data Is Historical (T+1) — Not Real Time
The Report will be produced and updated at the end of each trading day and made available overnight after midnight Eastern Time (T+1), so the data is strictly historical and cannot be used to influence intraday trading decisions.
Fees To Be Set in Separate Filing
The Exchange intends to submit a separate rule filing to establish fees for the Trade-by-Trade Report, so no fees were set in this filing and any purchase cost will be determined in a later rule filing.
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Key Dates
Department and Agencies
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Previous / Next Documents
Previous: 2026-10144 — Self-Regulatory Organizations; MIAX SAPPHIRE, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Establish the Trade-by-Trade Report
Next: 2026-10146 — Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Establish the Trade-by-Trade Report
MIAX PEARL is rolling out a new Trade-by-Trade Report that shows detailed info on every options trade made on their exchange. Both members and non-members can buy this report, which updates daily and is ready overnight. This change kicks in right away, helping traders and firms get clearer, faster trade data without delay.