MIAX PEARL, LLC submitted a request to the Securities and Exchange Commission (SEC) to amend a rule that would allow them to list and trade options on Commodity-Based Trust Shares. This proposal, initially filed on March 5, 2025, was modified with two amendments filed on March 11 and March 12. It was open for public comment until May 3, 2025, but no comments were received. The SEC decided to extend the decision period to June 17, 2025, to allow more time for consideration of the proposal.
Simple Explanation
MIAX PEARL, a company that helps people trade things like stocks, asked a big group called the SEC for permission to make a new kind of trading possible. The SEC needs more time to think about this request, so they decided to take until mid-June to make sure they understand everything before saying yes or no.