17 Mar 2025
📈MIAX Sapphire Amends Fee Schedule for Open-Close Report
Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change by MIAX Sapphire, LLC To Amend the Fee Schedule Related to Fee Waivers and the Open-Close Report
Summary
The notice outlines MIAX Sapphire, LLC's proposed amendments to its fee schedule, which include establishing a fee discount program for the Open-Close Report and eliminating references to expired fee waivers and discounts related to connectivity fees. The rule change aims for immediate effectiveness and invites public comment on the proposal.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change involves amendments to the fee schedule related to the Open-Close Report and fee waivers pertinent to MIAX Sapphire, which directly impacts businesses engaged in options trading. Business owners and executives need to consider the financial implications of these fee adjustments and potential cost savings or increased expenses.