19 Mar 2025
📈MIAX Sapphire Proposes New Fee Categories for Market Data Feeds
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
MIAX Sapphire, LLC has filed a proposed rule change with the SEC to amend the fee schedule by introducing new fee categories for proprietary market data feeds, including MIAX Sapphire Top of Market and MIAX Sapphire Liquidity Feed, which are designed to enhance trading functionality. The proposal is open for public comment.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change includes new fee categories for proprietary market data feeds, which could impact businesses relying on these feeds for trading and analytics, potentially increasing their operational costs and affecting pricing strategies.