Search Results for keywords:"MIAX Emerald"

MIAX Emerald, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to introduce fees for market data products including Top of Market (ToM), Administrative Information Subscriber (AIS) feed, and MIAX Order Feed (MOR). These changes aim to end a previous waiver period where market data fees were not charged, establishing new monthly fees for internal and external distributors. The exchange justifies these fees by detailing the costs involved in providing these data products and argues that the fees are fair, reasonable, and necessary to cover increased expenses while maintaining transparency and competitiveness. The proposed fees are designed to comply with regulatory requirements and are intended to create a fair allocation of costs among users.

MIAX Emerald, LLC has proposed a new rule change to update its fee schedule. This change includes introducing new fees for accessing its system ports and increasing network connectivity fees for certain high-speed connections. The goal is to cover increased costs related to enhanced network transparency, reliability, and capacity, ensuring a high level of service for users who move substantial amounts of data through the exchange. The Securities and Exchange Commission is sharing this notice to invite public comments on the proposed changes.

MIAX Emerald, LLC has proposed changes to its By-Laws, which were filed with the Securities and Exchange Commission (SEC) on January 10, 2025. The changes include removing the need for a Compensation Committee and a Quality of Markets Committee on the Board and updating how the Regulatory Oversight Committee decides the compensation and personnel actions for the Chief Regulatory Officer. The proposal is designed for immediate effectiveness, and the SEC is inviting public comments on these changes. The full text of the proposed changes can be accessed on MIAX Emerald's and the Commission's websites.

On November 19, 2024, MIAX Emerald, LLC filed a proposed minor rule violation plan (MRVP) with the Securities and Exchange Commission (SEC). This plan allows the exchange to address certain rule violations with fines not exceeding $2,500, without having to report these minor infractions immediately to the SEC. Instead, the exchange will provide a quarterly report detailing such violations. The SEC found this proposal meets public interest standards and enables the exchange to manage oversight responsibilities more efficiently.

MIAX Emerald, LLC filed a proposed rule change with the Securities and Exchange Commission to remove outdated references to mini-options from its rulebook and update certain rule citations. The aim is to clarify the rules for the benefit of investors and to eliminate any potential confusion. The commission decided that the rule change could take effect immediately upon filing because it does not pose any novel regulatory issues. Public comments on the proposal are being solicited before February 20, 2025.

On January 22, 2021, MIAX Emerald, an exchange, filed a proposal with the Securities and Exchange Commission (SEC) to implement new monthly Trading Permit fees for its members. This rule change proposes fees based on whether the member is a Market Maker or an Electronic Exchange Member, with different charges depending on the volume of activity and the number of option classes a member is involved in. MIAX Emerald believes the proposed fees will cover the costs of providing access to the exchange while maintaining fair competition and have structured them to reflect the exchange's expenses for providing these services. The SEC is seeking public comments on this proposal before finalizing it.

The Securities and Exchange Commission (SEC) has approved a proposed rule change by MIAX Emerald, LLC to extend the period that certain individuals designated as principals can perform their duties without passing a qualification exam, due to challenges caused by the COVID-19 pandemic. This temporary extension, now allowing until April 30, 2021, aligns their rules with those of the Financial Regulatory Authority (FINRA), ensuring consistency across the securities industry. The change aims to help firms manage disruptions to business operations and maintain staff during the pandemic, without compromising investor protection. The extension only applies to individuals who were designated as principals before January 1, 2021.