4 Mar 2025
📈MIAX Sapphire Rule Change
Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule To Adopt New Fee Categories for the Exchange's Proprietary Market Data Feeds
Summary
The SEC announces MIAX Sapphire's proposed rule change to amend its fee schedule, introducing new categories for proprietary market data feeds. The exchange designated the proposal for immediate effectiveness and is inviting public comments on the changes. The new categories include Top of Market data feeds and Liquidity Feed, enhancing the exchange's offerings while ensuring compliance with regulatory standards.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by MIAX Sapphire to amend its fee schedule introduces new fee categories for proprietary market data feeds. This impacts businesses utilizing these data feeds, potentially increasing operational costs related to compliance and data acquisition.