27 May 2025
📈LTSE Proposes New Market Data Fees Effective May 2025
Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule To Adopt Certain Market Data Fees
Summary
The Long-Term Stock Exchange (LTSE) has filed a proposed rule change to implement new market data fees for its proprietary feeds, Depth of Book and Top of Book. The changes aim for transparency and equitable cost recovery, addressing operational expenses amidst a competitive trading environment. Comments on the proposal are invited from interested market participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change establishes new market data fees, including for the Depth of Book and Top of Book feeds, directly affecting costs for market participants. As firms must evaluate subscriptions based on their business models, financial impact on their operational budgets is significant.