MIAX Options Keeps 20% Off Big Data Buys Until Year-End
Published Date: 7/22/2025
Notice
Summary
MIAX is extending a special 20% discount on fees for buying big bundles of Open-Close Report data until the end of 2025. This deal helps traders and firms save money when they purchase $20,000 or more in one go. The discount was supposed to end mid-2025 but now sticks around through December 31, 2025, giving everyone more time to cash in on savings.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
20% Discount on Large Open‑Close Orders
MIAX is extending a temporary 20% discount on purchases of historical Open-Close Report data when a single order is $20,000 or more through December 31, 2025. The Open-Close Report is voluntary historical data (End-of-Day and Intra-Day); monthly subscription fees are $600 (End-of-Day) and $2,000 (Intra-Day), while ad-hoc historical request fees are $500 (End-of-Day) and $1,000 (Intra-Day).
Discount Only for Existing Subscribers
The 20% discount through December 31, 2025 applies only to Members and non-Members who are existing monthly subscribers and who purchase the same category of historical Open-Close Report data; it cannot be combined with other Exchange discounts, including the academic discount for Qualifying Academic Purchasers. The program is intended to encourage monthly subscriptions.
Discount Applied Order‑by‑Order, No Aggregation
MIAX applies the 20% discount on an order-by-order basis and does not aggregate purchases across a billing cycle to meet the $20,000 threshold; for example, a single qualifying $25,000 order would be discounted to $20,000 (a $5,000 discount).
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