2 Apr 2025
📊LTSE Proposed Market Data Fees
Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Fee Schedule To Adopt Certain Market Data Fees
Summary
The Long-Term Stock Exchange, Inc. proposes a rule change to establish market data fees for its proprietary feeds, including Depth of Book and Top of Book. The new fee structure aims to equitably allocate costs among market participants without imposing undue burdens while ensuring transparency and competitiveness within the exchange industry.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces new data feed fees for market participants, potentially impacting their operational costs. Firms must consider subscribing based on their business model, as fees range from free for Last Sale to $2,500 monthly for Depth of Book. This impacts budgeting and competitive pricing strategies.