2026-00915Notice

MIAX Emerald Keeps Data Discount Party Going to 2026

Published Date: 1/20/2026

Notice

Summary

MIAX Emerald is keeping the party going by extending a 20% discount on their Open-Close Report fees until June 30, 2026. This means traders and firms buying big chunks of this data get to save money for a bit longer. If you use or plan to use this report, now’s the time to enjoy the discount and plan ahead!

Analyzed Economic Effects

4 provisions identified: 1 benefits, 2 costs, 1 mixed.

20% Open‑Close Discount Extended

MIAX Emerald is extending a temporary 20% discount on ad-hoc purchases of historical Open-Close Report data for single orders of $20,000 or more. The extension runs until June 30, 2026, and applies to End-of-Day and Intra-Day historical Open-Close Report purchases that meet the $20,000 single-order threshold.

Open‑Close Report Price and Availability Details

MIAX Emerald charges $600 per month for the End-of-Day subscription and $2,000 per month for the Intra-Day subscription. Ad-hoc historical End-of-Day requests are $500 per request per month (available back to June 2021) and ad-hoc historical Intra-Day requests are $1,000 per request per month (available back to March 2019).

Discount Limited to Existing Subscribers

The 20% temporary discount is provided only to existing subscribers who purchase the same category of historical Open-Close Report data for which they have a monthly Intra‑Day or End‑of‑Day subscription. The discount is not available to customers who are not existing subscribers of that same category.

Discount Cannot Be Combined With Others

The temporary 20% discount for qualifying historical Open-Close Report orders cannot be combined with any other discounts offered by the Exchange, including the academic discount for Qualifying Academic Purchasers. Purchasers receive only the single applicable discount on a qualifying order.

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Key Dates

Effective Date
Published Date
12/31/2025
1/20/2026

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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