The Miami International Securities Exchange, LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) to update its fee schedule, specifically introducing new fee categories for its proprietary market data feeds. These data feeds include the Top of Market (ToM) feed, Complex Top of Market (cToM) feed, Administrative Information Subscriber (AIS) feed, and MIAX Order Feed (MOR). The proposal is intended to become effective immediately and is soliciting public comments on whether it aligns with the Securities Exchange Act of 1934. Comments can be submitted to the SEC by January 31, 2025.
Simple Explanation
Imagine a company that sells special information about stocks made some new rules about how they charge for that information. They want to put these new prices in place right away and are asking people to tell them what they think by the end of January.