2025-04518NoticeWallet

Miami exchange rolls out fresh charges for data feeds

Published Date: 3/19/2025

Notice

Summary

Miami International Securities Exchange is updating its fee schedule to add new pricing categories for its special market data feeds like Top of Market and Complex Top of Market. This change affects anyone who uses these data feeds and takes effect immediately, meaning some users might see new fees right away. The goal is to keep things fair and clear for all data subscribers.

Analyzed Economic Effects

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

New Fee Categories for MIAX Market Data

MIAX Options filed on March 13, 2025 to add new fee categories for four proprietary market data feeds: Top of Market (ToM), Complex Top of Market (cToM), Administrative Information Subscriber (AIS), and MIAX Order Feed (MOR). The change was designated for immediate effectiveness, so anyone who uses those data feeds could see new fees right away; the Commission is accepting comments on the filing through April 9, 2025.

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Key Dates

Effective Date
Published Date
3/13/2025
3/19/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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