Testing Your Trades? Cough Up More Cash, Says MIAX Sapphire
Published Date: 3/18/2025
Notice
Summary
MIAX Sapphire 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 some will start paying for this extra access right away. 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.
New Fee for Dedicated Test Connections
If you are a market participant that wants a dedicated cross connection to MIAX Sapphire's testing systems, the Exchange has adopted a new fee for that service. The rule filing was made on March 5, 2025 and the Exchange designated the change as immediately effective, so participants who opt into the dedicated connection may begin paying the fee right away; public comments are invited through April 8, 2025.
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