MIAX Slaps Fees on Traders' Test Line Luxury
Published Date: 3/18/2025
Notice
Summary
MIAX Emerald 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 goal is to cover costs and keep the testing environment running smoothly.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Fee for Dedicated Testing Connection
If you or your firm trade on MIAX Emerald and choose a dedicated cross connection to the Exchange's testing systems environment, the Exchange adopted a new fee for that service that took effect when it filed the change on March 5, 2025. This fee applies to market participants who opt into the premium connection and is intended to help cover testing-environment costs and maintenance.
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Key Dates
Department and Agencies
Related Federal Register Documents
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Miami International Securities Exchange 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 access starting now. The goal is to cover costs and keep the testing environment running smoothly.