2025-13724NoticeWallet

MIAX Sapphire Extends 20% Discount on Open-Close Reports

Published Date: 7/22/2025

Notice

Summary

MIAX Sapphire is keeping the good vibes going by extending a 20% discount on their Open-Close Report fees until the end of 2025. This means traders and firms using this data get to save money for a few more months. The discount was supposed to end mid-year but now sticks around through December 31, 2025, making it easier and cheaper to access important trading info.

Analyzed Economic Effects

3 provisions identified: 1 benefits, 2 costs, 0 mixed.

20% Discount Extended to Dec 31, 2025

If you or your firm buy historical Open-Close Report data from MIAX Sapphire, a temporary 20% discount on ad-hoc historical Open-Close Report purchases has been extended through December 31, 2025. The discount was originally set to expire June 30, 2025 and the Exchange filed the change on July 9, 2025.

Open-Close Report Price Levels

MIAX Sapphire charges $600 per month for an End-of-Day subscription and $2,000 per month for an Intra-Day subscription to the Open-Close Report. For ad-hoc historical requests, the Exchange charges $500 per request per month for End-of-Day data and $1,000 per request per month for Intra-Day data.

Discount Limited to Existing Subscribers

The 20% temporary discount for ad-hoc historical Open-Close Report purchases applies only to existing subscribers who purchase the same category of historical data as their monthly Intra-Day or End-of-Day subscription. The discount cannot be combined with other Exchange discounts, including the academic discount for Qualifying Academic Purchasers.

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Key Dates

Effective Date
Published Date
7/9/2025
7/22/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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