MIAX Emerald, LLC, a securities exchange, has filed a proposal with the Securities and Exchange Commission (SEC) to change its Fee Schedule. The proposal seeks to adjust the inbound quote limit related to the Excessive Quoting Fee, aiming for immediate effectiveness. The SEC is asking for public comments on this rule change, which is available for review online on both the MIAX Emerald and SEC websites. Comments can be submitted via the SEC's online form, email, or mailed directly to the SEC by April 7, 2025, using file number SR-EMERALD-2025-05.
Simple Explanation
MIAX Emerald, a company that helps people buy and sell stocks, wants to change a special fee rule to help manage how many stock prices it shows all at once. The government group in charge of watching over them wants to know what people think before April 7, 2025.