The Securities and Exchange Commission (SEC) announced that the Miami International Securities Exchange proposed a new rule set to immediately take effect. This rule involves amending the fee schedule for its proprietary market data feeds, including fees for the Top of Market feed, the Complex Top of Market feed, the Administrative Information Subscriber feed, and the MIAX Order Feed. Interested individuals have until March 25, 2025, to provide feedback on these proposed changes, which can be submitted through the SEC's website or by email. The SEC will review all comments, although any obscene or copyrighted material may be redacted or withheld.
Simple Explanation
The Miami International Securities Exchange wants to change how much it charges for some of its important market data services. People have until March 25, 2025, to let them know what they think about this change.