7 Feb 2025
📈MIAX Sapphire Proposes New Fees for Market Data Feeds
Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Establish Fees for the Exchange's Proprietary Market Data Feeds: (i) MIAX Sapphire Top of Market Data Feed; (ii) MIAX Sapphire Complex Top of Market Data Feed; and (iii) MIAX Sapphire Liquidity Feed
Summary
MIAX Sapphire LLC has filed a notice with the SEC for a proposed rule change to establish fees for its proprietary market data feeds, including the MIAX Sapphire Top of Market and Complex Top of Market data feeds. The rule change is designated for immediate effectiveness and invites public comment.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change establishes new fees for proprietary market data feeds, which will directly affect trading costs for businesses utilizing MIAX Sapphire’s services. Compliance with this new fee structure will be necessary for affected firms, impacting their operational expenses and pricing strategies.