💰MIAX Emerald Proposes Changes to Market Data Fees Structure
Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Emerald Fee Schedule To Adopt New Fee Categories for the Exchange's Proprietary Market Data Feeds
Summary
MIAX Emerald has filed a notice proposing amendments to its Fee Schedule for proprietary market data feeds. The amendments include the introduction of per User fees and Non-Display Usage fees, aimed at streamlining costs for data subscribers and aligning with industry practices. These changes could have significant implications for market participants utilizing MIAX Emerald's data services.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change by MIAX Emerald introduces new fee categories for proprietary market data feeds, including per User fees and Non-Display Usage fees. This impacts businesses that utilize these data feeds for trading and operations, potentially increasing their operating costs or altering their data acquisition strategies. Businesses will need to assess the cost implications of these changes.