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.
Simple Explanation
MIAX Emerald wants to charge more money for using their computer network and connecting fast to their system, and they say it's to help manage their costs better. Some people worry the new prices might be too high or confusing and could make it harder for smaller users to join in.