18 Mar 2025
💰MIAX Sapphire Proposes New Fees for Testing Systems Access
Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule To Adopt Fees for Dedicated Cross Connection Access to the Testing Systems Environment
Summary
The SEC published a notice regarding MIAX Sapphire's proposed rule change to amend its fee schedule. This includes the introduction of fees for dedicated cross connection access to the Exchange's testing systems environment, aimed at market participants. The notice seeks public comments on the implications of this fee structure.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change will introduce a new fee for dedicated cross connection access to the testing systems of MIAX Sapphire, which directly affects market participants' operational costs. Increased fees impact financial planning and compliance for businesses that utilize these services.