2025-04322Notice

MIAX Slaps Fees on Traders' Test Line Luxury

Published Date: 3/18/2025

Notice

Summary

MIAX Emerald is adding a new fee for traders who want a special, dedicated connection to their testing system. This change affects market participants using this service and takes effect immediately, meaning users should expect to pay for this premium access starting now. The goal is to cover costs and keep the testing environment running smoothly.

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Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Fee for Dedicated Testing Connection

If you or your firm trade on MIAX Emerald and choose a dedicated cross connection to the Exchange's testing systems environment, the Exchange adopted a new fee for that service that took effect when it filed the change on March 5, 2025. This fee applies to market participants who opt into the premium connection and is intended to help cover testing-environment costs and maintenance.

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Key Dates

Effective Date
Published Date
3/5/2025
3/18/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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