MIAX Sapphire Charges Up Fees for Exclusive Testing Connections
Published Date: 1/31/2025
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 users should expect to pay for this premium access starting now. The SEC is open to comments for the next 60 days but the fee is already in place.
No Economic Impacts Identified for this Document
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Previous / Next Documents
Previous: 2025-01990, Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Expand the Application of the Per User Access Fee for Certain Market Data Products
Starting January 16, 2025, the New York Stock Exchange is expanding its per user access fee to include more people who share certain market data feeds. This means anyone redistributing NYSE’s Aggregated Lite or Pillar Depth data will now pay fees based on the number of users accessing the data. If you’re in the business of sharing this info, expect some changes to your costs right away!
Next: 2025-01992, Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule To Adopt Fees for Dedicated Cross Connection Access to the Testing Systems Environment
MIAX PEARL is adding a new fee for traders who want a special, dedicated connection to their testing system. This change affects anyone using the Exchange’s test environment and starts right away. It helps cover the costs of providing this exclusive access and keeps things running smoothly.