💵MIAX Sapphire Proposes New Market Data Fees and Changes
Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Sapphire Fee Schedule To Adopt New Fee Categories for the Exchange's Proprietary Market Data Feeds
Summary
The MIAX Sapphire Exchange proposed rule changes to amend its fee schedule by introducing new categories for proprietary market data feeds, including fees for professional and non-professional users. The changes aim to streamline fees and improve clarity for subscribers, enhancing the overall user experience. The proposal seeks to align fee structures with those of affiliated exchanges and includes provisions for both internal and external distributors.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory document outlines new fees for proprietary market data feeds and changes to the fee structure, which directly impacts business owners and executives who subscribe to these data services. The fees have both internal and external distributor categories, potentially affecting how businesses allocate resources for data acquisition.