The Miami International Securities Exchange, LLC has proposed changes to its fee schedule. These updates involve switching the email domain used for communication to @miaxglobal.com and removing all mentions of mini-options, a type of option that never became widely used and was previously removed from their offerings. The Securities and Exchange Commission (SEC) is reviewing these changes, which aim to make the fee schedule clearer and more accurate for members of the exchange. The SEC invites public comments on this proposal.
Simple Explanation
The Miami International Securities Exchange wants to change their letterhead to use a new email address and stop talking about a type of option nobody uses anymore. The government is checking this change to make sure it makes the rules easier to understand.