25 Sep 2025
📊Proposed Rule Change for MIAX Market Data Feed Enhancement
Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Administrative Information Subscriber Market Data Feed
Summary
The Miami International Securities Exchange (MIAX) is proposing changes to its Administrative Information Subscriber market data feed. The amendments aim to enhance transparency by adding an origin code to liquidity seeking event notifications, thereby providing subscribers with real-time information on trading activity and improving market data quality.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change affects business owners by amending the market data feed to improve real-time updates for liquidity events, directly impacting trading strategies and operational efficiency. The amendment may also enhance market transparency, supporting informed decision-making among subscribers.