MIAX Emerald, LLC proposed a new fee for market participants who want a dedicated connection to access its testing systems. This proposal was filed with the Securities and Exchange Commission (SEC) and is immediately effective but open to public comments until April 8, 2025. Details about the proposed fee and its purpose, including how it fits within the regulatory framework, can be found on MIAX Emerald's and the SEC's websites. The SEC invites public feedback through various submission methods and will post all comments online.
Simple Explanation
MIAX Emerald wants to charge people who use their special computer system for testing, and this new charge is being checked by a group that makes sure things are fair. People can tell the group if they think this is a good or bad idea until April 8, 2025.