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Federal Register / Vol. 86, No. 156 / Tuesday, August 17, 2021 / Notices
The Commission estimates that approximately 5 registered brokerdealers or investment advisers will spend an average of approximately 25
hours per year complying with the Statement. Thus, the total time burden is estimated to be approximately 125
hours per year.
Written comments are invited on: a Whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information shall have practical utility;
b the accuracy of the Commissions estimates of the burden of the proposed collection of information; c ways to enhance the quality, utility, and clarity of the information collected; and d ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology.
Consideration will be given to comments and suggestions submitted in writing within 60 days of this publication.
An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information under the PRA unless it displays a currently valid OMB control number.
Please direct your written comments to: David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or send an email to: PRA_
Mailbox@sec.gov.
Dated: August 11, 2021.
J. Matthew DeLesDernier, Assistant Secretary.
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SECURITIES AND EXCHANGE
COMMISSION

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Self-Regulatory Organizations; Miami International Securities Exchange LLC;
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Fee Schedule To Adopt a Tiered-Pricing Structure for Certain Connectivity Fees August 11, 2021.

Pursuant to Section 19b1 of the Securities Exchange Act of 1934
Act,1 and Rule 19b4 thereunder,2
notice is hereby given that on July 30,
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The Exchange is filing a proposal to amend the MIAX Options Fee Schedule the Fee Schedule to amend certain connectivity fees.
The text of the proposed rule change is available on the Exchanges website at http www.miaxoptions.com/rulefilings, at MIAXs principal office, and at the Commissions Public Reference Room.
II. Self-Regulatory Organizations Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements.

1. Purpose
Release No. 3492643; File No. SRMIAX
202135

U.S.C. 78sb1.
2 17 CFR 240.19b4.

I. Self-Regulatory Organizations Statement of the Terms of Substance of the Proposed Rule Change
A. Self-Regulatory Organizations Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change
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2021, Miami International Securities Exchange LLC MIAX or Exchange filed with the Securities and Exchange Commission Commission a proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange.
The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.

The Exchange proposes to amend the Fee Schedule to adopt a tiered-pricing structure for the 10 gigabit Gb ultralow latency ULL fiber connection available to Members 3 and nonMembers. The Exchange believes a tiered-pricing structure will encourage Members and non-Members to be more efficient and economical when determining how to connect to the Exchange. This should also enable the Exchange to better monitor and provide access to the Exchanges network to 3 The term Member means an individual or organization approved to exercise the trading rights associated with a Trading Permit. Members are deemed members under the Exchange Act. See Exchange Rule 100.

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ensure sufficient capacity and headroom in the System.4
10Gb ULL Tiered-Pricing Structure The Exchange proposes to amend Sections 5ab of the Fee Schedule to provide for a tiered-pricing structure for 10Gb ULL connections for Members and non-Members. Currently, the Exchange assesses Members and nonMembers a flat monthly fee of $10,000
per 10Gb ULL connection for access to the Exchanges primary and secondary facilities.
The Exchange now proposes to move from a flat monthly fee per connection to a tiered-pricing structure per connection under which the monthly fee would vary depending on the number of 10Gb ULL connections each Member or non-Member elects to purchase per exchange. Specifically, the Exchange proposes to decrease the fee for the first and second 10Gb ULL
connections for each Member and nonMember from the current flat monthly fee of $10,000 to $9,000 per connection.
To encourage more efficient connectivity usage, the Exchange proposes to increase the per connection fee for Members and non-Members that purchase more than two 10Gb ULL
connections. Specifically, i the third and fourth 10Gb ULL connections for each Member or non-Member will increase from the current flat monthly fee of $10,000 to $11,000 per connection; and ii for the fifth 10Gb ULL connection, and for each 10Gb ULL
connection for each Member and nonMember purchased thereafter, the fee will increase from the flat monthly fee of $10,000 to $13,000 per connection.
The proposed 10Gb ULL tiered-pricing structure and fees are collectively referred to herein as the Proposed Access Fees.
The Exchange will continue to assess monthly Member and non-Member network connectivity fees for connectivity to the primary and secondary facilities in any month the Member or non-Member is credentialed to use any of the MIAX APIs or market data feeds in the production environment. The Exchange proposes to pro-rate the fees when a Member or nonMember makes a change to the connectivity by adding or deleting connections with such pro-rated fees based on the number of trading days that the Member or non-Member has been credentialed to utilize any of the MIAX APIs or market data feeds in the production environment through such 4 The term System means the automated trading system used by the Exchange for the trading of securities. See Exchange Rule 100.

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