📈Proposed Changes to MIAX Fee Schedule for Market Data Feeds
Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule To Adopt New Fee Categories for the Exchange's Proprietary Market Data Feeds
Summary
The Securities and Exchange Commission publishes a notice regarding the Miami International Securities Exchange's proposal to amend its fee schedule for proprietary market data feeds. This includes adopting new user and non-display usage fees, aimed at harmonizing with affiliated exchanges and enhancing transparency in market data pricing. The proposed changes will impact both internal and external distributors of the data feeds.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory text discusses proposed changes to the fee structure for proprietary market data feeds at the Miami International Securities Exchange. This will directly affect financial implications for businesses and market participants accessing market data. The introduction of per User fees and modifications to existing fees signals a significant change in cost management for brokers and trading firms.