8 Sep 2025
📊Proposed Market Data Fees by Long-Term Stock Exchange Explained
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 Securities and Exchange Commission has published a notice about the Long-Term Stock Exchange's proposed rule change to amend its fee schedule, introducing fees for proprietary market data feeds, including Depth of Book and Top of Book. This proposal is aimed at covering the costs associated with providing these services and enhancing financial transparency within the market.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change establishes new fees for market data services by the Long-Term Stock Exchange (LTSE), potentially affecting businesses that rely on these data feeds. Companies utilizing the Depth of Book and Top of Book feeds will incur monthly charges, impacting operational costs and financial planning.