Search Results for keywords:"market data fees"

Nasdaq ISE, LLC has filed a proposed rule change with the Securities and Exchange Commission concerning the fees for various market data products. These fees will be adjusted based on the rate of inflation, specifically for the Real-time Depth of Market Raw Data Feed, Nasdaq ISE Order Feed, Nasdaq ISE Top Feed, Nasdaq ISE Spread Feed, and Nasdaq ISE Trade Feed. The proposal has taken effect immediately and the Commission is inviting public comments regarding whether the change is consistent with the Securities Exchange Act of 1934. Comments must be submitted by February 5, 2025, and should reference file number SR-ISE-2025-02.

The Securities and Exchange Commission (SEC) is reviewing a disapproval decision concerning a proposed rule change by The Nasdaq Stock Market LLC to increase fees for certain market data and connectivity products. Originally filed in March 2024, the rule change faced a temporary suspension by the SEC's Division of Trading and Markets, which later disapproved the proposal in November 2024. Nasdaq filed a petition to have this disapproval reviewed, and the SEC granted this request, allowing interested parties to submit statements in support of or opposition to the disapproval by March 12, 2025. The disapproval remains effective until further notice.

The Long-Term Stock Exchange, Inc. (LTSE) has proposed a rule change to the Securities and Exchange Commission (SEC) to amend its fee schedule by introducing new fees for its proprietary market data feeds, including Depth of Book, Top of Book, and Last Sale. This proposed rule change is intended to take effect immediately from February 14, 2025. The SEC is inviting public comments on this proposal until March 26, 2025, and comments can be submitted electronically or by mail. The submitted comments will be publicly available on the SEC’s website unless they contain obscene or copyrighted material.

Nasdaq PHLX LLC has proposed changes to its fees for data products related to options trading. The changes would increase monthly fees for Internal and External Distributors for the Top of PHLX Options (TOPO), PHLX Orders, and TOPO Plus Orders, while keeping the fees for Non-Professional and Professional Subscribers the same. The proposal highlights that these changes will align Nasdaq PHLX's fees with those of other exchanges, and aims to provide a fair allocation of costs among users. The Securities and Exchange Commission is reviewing the proposed changes and seeking public comment before making a final decision.

MIAX Sapphire, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) that aims to amend its fee schedule for certain proprietary market data feeds. These are the MIAX Sapphire Top of Market, Complex Top of Market, and Liquidity Feed. The rule change has been designated for immediate effectiveness, and the SEC is seeking public comments on the proposal. People interested in sharing their opinions can submit comments electronically or by mail by February 28, 2025.

Nasdaq GEMX, LLC submitted a proposal to the Securities and Exchange Commission (SEC) to adjust fees for certain market data products based on inflation rates. The proposed changes affect the Nasdaq GEMX Order Feed, Top Feed, Real-Time Depth of Market Raw Feed, and Trade Feed, adjusting fees both for internal and external distribution. This rule change is designed to become effective immediately, and the SEC is seeking public comments on the proposal. Comments must be submitted by February 3, 2025, and individuals should ensure no personal identifiable information is included in submissions.

The Securities and Exchange Commission has announced that the MIAX PEARL, LLC filed a proposed rule change on December 20, 2024, to update their fee schedule. This change aims to introduce new fee categories for their proprietary market data feeds, known as the Top of Market (ToM) and the Liquidity Feed (PLF). The proposal has been designated for immediate effectiveness, allowing it to be implemented without delay. The Commission is inviting public comments on this rule change, which can be submitted via email or their online comment form until January 31, 2025.

MIAX Emerald, LLC has proposed changes to its fee schedule for proprietary market data feeds, including categories for the Top of Market feed, Complex Top of Market feed, Administrative Information Subscriber feed, and the MIAX Emerald Order Feed. The changes were filed with the Securities and Exchange Commission (SEC) on February 14, 2025, and have been designated for immediate effectiveness. The SEC is inviting public comments on whether the proposed rule changes are consistent with the Securities Exchange Act of 1934. Interested parties can submit their comments online or via mail by March 25, 2025.

The Securities and Exchange Commission (SEC) disapproved a proposed rule change by The Nasdaq Stock Market LLC concerning increased fees for certain market data and connectivity products. Nasdaq suggested increasing fees for firms that do not meet a minimum average daily displayed volume while maintaining lower fees for those who do. The SEC found that Nasdaq did not provide sufficient evidence that the proposed fees would be reasonable or fair, or that they would not harm competition. Additionally, the SEC was concerned that the pricing structure could unfairly disadvantage market participants who choose to trade on other exchanges.

The New York Stock Exchange LLC (NYSE) has proposed a rule change to amend its Connectivity Fee Schedule and market data fees to reflect the renaming of NYSE Chicago, Inc. to NYSE Texas, Inc. This proposal was filed with the Securities and Exchange Commission (SEC) on February 27, 2025, and is set for immediate effectiveness, meaning it will become operative immediately to align with the corresponding name change filing. The SEC is inviting public comments on this proposal by April 8, 2025, and the proposed rule change is considered not to have a significant impact on investor protection, public interest, or competition.