Search Results for keywords:"market data feeds"

The Securities and Exchange Commission (SEC) announced that on December 20, 2024, the MIAX Emerald, LLC filed a proposal to modify its fee schedule by introducing new fee categories for its proprietary market data feeds. The proposed changes, which include fees for the Top of Market, Complex Top of Market, Administrative Information Subscriber, and MIAX Emerald Order Feed, are designed to take effect immediately. The SEC is soliciting public comments on this proposal, which can be submitted via email or through the Commission's website until January 31, 2025.

Cboe BZX Exchange, Inc. has proposed a rule change to update its fee schedule for certain market data feeds. The proposed changes aim to waive External Distribution and Data Consolidation fees for new Uncontrolled External Distributors of specific data feeds, like BZX Top and Cboe One Summary, until they gain users. This is intended to encourage vendors to adopt these feeds and broaden distribution without immediate costs. The proposal is meant to promote fair competition and is part of Cboe's efforts to minimize business costs for distributors.

MIAX Sapphire, LLC has submitted a rule change proposal to the Securities and Exchange Commission (SEC) regarding new fee categories for its proprietary market data feeds. These feeds include MIAX Sapphire Top of Market, Complex Top of Market, and Liquidity Feed. The proposal is intended to take effect immediately, and the SEC is seeking public comments by March 25, 2025. This proposed change is available for review on both the Exchange's and the SEC's websites.

The Securities and Exchange Commission has announced that MIAX PEARL, LLC has filed a proposed rule change to update the fee schedule for its options exchange. This change introduces new fee categories for its proprietary market data feeds, the "Top of Market" and "Liquidity" feeds. The proposal has been marked for immediate effectiveness, and the SEC is seeking public comments on this change. Comments should be submitted by March 25, 2025.

The Nasdaq Stock Market LLC has proposed a change to its rules concerning data feeds used for handling, routing, and executing stock orders. They plan to use direct feeds from MIAX PEARL, LLC and MEMX LLC as their primary sources for market data, with CQS/UQDF as a secondary source if needed. This change aims to enhance transparency and support a fair and open market by clearly showing where Nasdaq gets its quotation data. The proposed rule change is intended to be implemented within 90 days of its effective date, and the Securities and Exchange Commission is open to public comments on this proposal until March 15, 2021.

The Cboe EDGX Exchange, Inc. has submitted a proposal to update its fee schedule related to uncontrolled external distributors. The proposal introduces fee waivers to encourage new vendors to adopt and distribute the EDGX Top and Summary Depth data feeds, as well as the Cboe One Summary and Premium feeds, without being charged until they have at least one user. These waivers aim to assist distributors in managing initial costs while developing and integrating new data feeds for market data distribution. The Securities and Exchange Commission will review and solicit public comments on this proposal.

The Securities and Exchange Commission announced that MIAX PEARL, LLC has filed a proposed rule change regarding its options trading fee schedule. This change includes introducing new categories of fees for the exchange's proprietary market data feeds, known as the Top of Market (ToM) feed and the Liquidity Feed (PLF). Interested parties are invited to comment on this proposal by April 9, 2025. The proposed rule change is available online on the MIAX Pearl website and the SEC's website.

The Investors Exchange LLC has filed a proposed rule change with the Securities and Exchange Commission to modify the definitions of "Real-Time" and "Delayed" in their market data feeds. The change will increase the delay interval from fifteen milliseconds to fifteen minutes. This modification aims to allow data subscribers to adjust their subscriptions in response to the new time interval. The proposed changes are set to be implemented on February 1, 2025, and the Commission is inviting public comments on this rule change until February 24, 2025.

Cboe EDGA Exchange, Inc. has proposed a new rule to update its fee schedule by introducing fee waivers for new Uncontrolled External Distributors of specific market data feeds. The Exchange aims to encourage the adoption of these data feeds by waiving certain distribution and data consolidation fees until these distributors find users for their services. This initiative is designed to help these distributors manage initial development costs and broaden the distribution of Cboe's market data products, promoting fair competition and enhancing access to real-time trading information. The Securities and Exchange Commission is seeking public comments on this proposal.

MIAX Sapphire, LLC, a self-regulatory organization, has proposed changes to its fee schedule for three specific market data feeds: MIAX Sapphire Top of Market, MIAX Sapphire Complex Top of Market, and MIAX Sapphire Liquidity Feed. These fees will initially be waived for six months to encourage market participation. The proposed fees are structured to cover the costs associated with providing these data feeds and are intended to be competitive with fees charged by other exchanges for similar services. The proposal maintains that the fees are fair, reasonable, and non-discriminatory, applying consistently to all subscribers based on their use and distribution of the data.