21 Jul 2025
📊LTSE Proposes New Fees for Market Data Access
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 proposed a rule change to introduce fees for its proprietary market data feeds, namely Depth of Book and Top of Book. The changes aim to establish a new fee schedule while ensuring costs reflecting the operational expenses of providing these services. Stakeholders are encouraged to comment during the review period.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule changes introduce market data fees related to specific data feeds, directly impacting businesses that rely on such data for trading and analytics. Businesses must evaluate the cost of subscription to these feeds against their budget and operational needs, especially small market participants who may feel the financial strain.