Pearl Exchange Renews Bulk Data Discount Deal
Published Date: 7/16/2026
Notice
Summary
MIAX Pearl is keeping the 20% discount on fees for folks who buy lots of historical Open-Close Report data, extending this deal through December 31, 2026. This means traders and data users can save money when ordering $20,000 or more in data before the end of 2026. It’s a win for anyone who loves digging into past market moves without paying full price!
Analyzed Economic Effects
5 provisions identified: 2 benefits, 3 costs, 0 mixed.
20% Discount Extended to Dec 31, 2026
MIAX Pearl is extending a temporary 20% discount on ad-hoc purchases of historical End-of-Day or 10-Minute Open-Close Report data when a single order totals $20,000 or more. The extension runs through December 31, 2026 and applies to existing monthly subscribers who purchase the same category of historical data.
Free Historical 1-Minute Data for Subscribers
Current subscribers to the 1-Minute Open-Close Report may obtain historical 1-Minute Report data for no additional charge when they make an ad-hoc request. In addition, a current 1-Minute Report subscriber who purchases historical 1-Minute data may request historical End-of-Day and/or 10-Minute data for the same date range at no additional charge.
Current Prices for Open-Close Reports
MIAX Pearl's current subscription prices are: End-of-Day Report $600 per month, 10-Minute Report $2,000 per month, and 1-Minute Report $6,000 per month. Ad-hoc historical request fees are: End-of-Day $500 per request per month, 10-Minute $1,000 per request per month, and 1-Minute $2,500 per request per month.
1-Minute Report Excluded From Discount
The 20% ad-hoc discount does not apply to historical 1-Minute Open-Close Report requests; the exclusion continues through the extension period ending December 31, 2026. Purchasers of ad-hoc historical 1-Minute data will not receive the 20% reduction even if an order totals $20,000 or more.
Discount Rules: Subscribers Only and No Stacking
The 20% discount is provided only to existing monthly subscribers of the End-of-Day Report or 10-Minute Report and applies only to ad-hoc purchases of the same category of historical data. The discount cannot be combined with any other discount (including the academic discount), is applied on an order-by-order basis, and the Exchange does not aggregate purchases across orders to meet the $20,000 threshold.
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Key Dates
Department and Agencies
Related Federal Register Documents
2026-17183, Regulation Crypto Assets
The Securities and Exchange Commission ("Commission") is proposing new rules to create a tailored offering regime for certain investment contracts involving crypto assets. The proposed offering regime is intended to facilitate capital formation and accommodate innovation within the crypto asset markets while, at the same time, ensuring that investors are adequately protected and provided with the information they need to make informed investment decisions. The proposed rules would be set forth in a new regulation titled "Regulation Crypto Assets" and would include two exemptions from the registration requirements of section 5 of the Securities Act of 1933. The first exemption would permit offerings of up to $5 million during a four-year period. The second exemption would permit offerings of up to $75 million during each 12-month period. Under both exemptions, issuers would be required to make certain principles-based narrative disclosures available to their investors. In addition, issuers under the second exemption would be required to provide financial statements and would be subject to ongoing reporting requirements. Issuers that rely on these exemptions would remain subject to the antifraud and antimanipulation provisions of the Federal securities laws. The proposed rules also would include a conditional safe harbor from the term "investment contract" in the definitions of "security" in the Securities Act of 1933 and the Securities Exchange Act of 1934. If the conditions of that proposed safe harbor are satisfied, then a crypto asset would be deemed not to be subject to an investment contract for purposes of those definitions of "security."
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!
2026-05635, Application of the Federal Securities Laws to Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets
Starting March 23, 2026, the SEC and CFTC are making it clear that some crypto assets and transactions must follow federal securities laws. This means crypto companies and investors need to play by new rules to keep things fair and safe. Expect more transparency and possible costs for compliance as the government steps up oversight in the crypto world.
Previous / Next Documents
Previous: 2026-14270, 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 Amend Certain Fees and Rebates Applicable to Transactions in Non-Penny Classes for All Origins
MIAX Pearl is updating its fee schedule for options trading in non-penny classes, meaning some fees will go up while rebates for certain traders will increase. These changes affect all traders using the exchange and take effect immediately, aiming to balance costs and rewards. If you trade options on MIAX Pearl, expect to see new fees and rebates starting now.
Next: 2026-14272, Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Emerald Options Exchange Fee Schedule To Extend the Temporary Discount Program for Historical Requests of Certain Open-Close Report Data Until December 31, 2026
MIAX Emerald is keeping the 20% discount on fees for folks who request certain historical Open-Close Report data, but only if they spend $20,000 or more at once. This discount program just got extended through December 31, 2026, giving traders and data users more time to save money. If you rely on this data, now’s the perfect moment to take advantage of the deal before it ends!