💻MIAX Proposes Testing Systems Access Fee for Businesses
Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees To Access the Testing Systems Environment
Summary
The Miami International Securities Exchange has proposed a rule change to implement a monthly fee for accessing its testing systems environment via dedicated cross connections. This change is aimed at improving connectivity for software testing and certification, critical for upcoming Exchange technology changes. The fee structure applies uniformly to all market participants using either dedicated connections or free VPN access, ensuring equal opportunity without competitive advantage.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by MIAX to establish a $1,000 monthly fee for dedicated cross connection access to testing systems has direct financial implications for businesses using these services for trading software testing. It is particularly relevant for market participants needing to certify system compliance with Exchange technology changes.