22 Jul 2025
📊MIAX Sapphire Options Exchange Fee Discount Extension Notification
Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Sapphire Options Exchange Fee Schedule To Extend the Temporary Discount Program for the Open-Close Report
Summary
The Securities and Exchange Commission is notifying about MIAX Sapphire's proposed rule change to extend a temporary 20% discount on historical Open-Close Report data until December 31, 2025. This initiative aims to attract more subscribers and enhance competition among options exchanges by providing more accessible market data.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change extends a 20% discount on historical Open-Close Report data until December 31, 2025, which can enhance market data accessibility for businesses, potentially affecting trading decisions and costs. This extensibility aims to encourage subscriptions and improve competitiveness within the options trading environment.