MIAX Sapphire, LLC, a self-regulatory organization, has submitted a proposal to the Securities and Exchange Commission to amend its fee schedule. This includes implementing a fee discount for their Open-Close Report and removing outdated references to fee waivers that have expired. The proposal is designed for immediate effect. The public is invited to submit comments regarding the proposed changes by April 7, 2025.
Simple Explanation
MIAX Sapphire, a business that helps keep markets fair, wants to change how much it charges customers for a report. They're making some costs cheaper and removing old rules, but they need to make sure everyone knows how this change works and that it's fair for everyone.