MIAX Emerald Extends Savings on Historical Trading Data
Published Date: 7/22/2025
Notice
Summary
MIAX Emerald is keeping the savings going by extending a 20% discount on their Open-Close Report fees until the end of 2025. This deal helps traders and firms who buy $20,000 or more in historical data in one go. If you’re a member or not, now’s the time to grab this discount before it ends on December 31, 2025!
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
20% Open‑Close Data Discount Extended
MIAX Emerald extended a temporary 20% discount on Open-Close Report fees through December 31, 2025. The discount applies to a single ad-hoc purchase order of historical Open-Close Report data that totals $20,000 or more (for example, a $25,000 qualifying order would be reduced to $20,000).
Discount Limited to Existing Subscribers
The 20% discount is only available to existing monthly subscribers who purchase the same category of historical Open-Close Report data for which they hold a monthly Intra‑Day or End‑of‑Day subscription. New purchasers who are not existing subscribers do not qualify for this temporary discount.
Order Rules: No Aggregation or Stacking
The temporary discount is applied on an order-by-order basis and the Exchange will not aggregate purchases across a billing cycle to meet the $20,000 threshold. The discount cannot be combined with any other Exchange discounts, including the Qualifying Academic Purchaser academic discount. The temporary program covers ad-hoc historical End-of-Day and Intra-Day Open-Close requests and is set to expire on December 31, 2025.
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Key Dates
Department and Agencies
Related Federal Register Documents
2026-17183, Regulation Crypto Assets
The Securities and Exchange Commission ("Commission") is proposing new rules to create a tailored offering regime for certain investment contracts involving crypto assets. The proposed offering regime is intended to facilitate capital formation and accommodate innovation within the crypto asset markets while, at the same time, ensuring that investors are adequately protected and provided with the information they need to make informed investment decisions. The proposed rules would be set forth in a new regulation titled "Regulation Crypto Assets" and would include two exemptions from the registration requirements of section 5 of the Securities Act of 1933. The first exemption would permit offerings of up to $5 million during a four-year period. The second exemption would permit offerings of up to $75 million during each 12-month period. Under both exemptions, issuers would be required to make certain principles-based narrative disclosures available to their investors. In addition, issuers under the second exemption would be required to provide financial statements and would be subject to ongoing reporting requirements. Issuers that rely on these exemptions would remain subject to the antifraud and antimanipulation provisions of the Federal securities laws. The proposed rules also would include a conditional safe harbor from the term "investment contract" in the definitions of "security" in the Securities Act of 1933 and the Securities Exchange Act of 1934. If the conditions of that proposed safe harbor are satisfied, then a crypto asset would be deemed not to be subject to an investment contract for purposes of those definitions of "security."
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373, Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222, Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651, Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-05635, Application of the Federal Securities Laws to Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets
Starting March 23, 2026, the SEC and CFTC are making it clear that some crypto assets and transactions must follow federal securities laws. This means crypto companies and investors need to play by new rules to keep things fair and safe. Expect more transparency and possible costs for compliance as the government steps up oversight in the crypto world.
Previous / Next Documents
Previous: 2025-13726, Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Options Exchange Fee Schedule To Extend the Temporary Discount Program for the Open-Close Report
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.
Next: 2025-13728, Self-Regulatory Organizations; ICE Clear Credit LLC; Order Approving Proposed Rule Change Relating to the ICE Clear Credit Recovery Plan and the ICE Clear Credit Wind-Down Plan
ICE Clear Credit LLC updated its plans to handle big money problems and to shut down smoothly if needed. These changes affect everyone involved in clearing credit default swaps and help keep the system safe and stable. The SEC gave the green light in July 2025, so these new rules are ready to roll without any delays or extra costs.