The Securities and Exchange Commission (SEC) published a notice of a proposed rule change by MIAX PEARL, LLC, which operates an equities trading platform. This change involves updating their fee schedule to add more information regarding rebates for retail orders. This update is intended to clarify the rebates customers will receive when they make trades that add liquidity to the exchange. The proposal does not change the fees or rebates but aims to make the fee schedule easier to understand for users, ensuring transparency and reducing confusion.
Simple Explanation
MIAX PEARL, a company that helps people trade stocks, is updating their list of fees to make it easier to understand how much money people get back when they trade certain kinds of orders. They are not changing how much money people get back; they just want to make sure everything is clear so people are not confused.