Miami ISE Updates Fees for Complex Market Data Feeds
Published Date: 3/4/2025
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 soon. The SEC is open to comments but the new fees are already in play!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
New Fees for MIAX Market Data Feeds
Miami International Securities Exchange added 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 filed on February 14, 2025, is effective immediately, and the SEC is accepting public comments through March 25, 2025. If you use any of these data feeds, you may see new fees applied soon.
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