MIAX EMERALD, LLC filed a proposed rule change with the Securities and Exchange Commission on December 20, 2024. This proposal seeks to establish a fee discount program for the Open-Close Report in the MIAX Emerald Options Exchange Fee Schedule. The Exchange has designated the proposal for immediate effectiveness, but the Commission has the authority to suspend it within 60 days if deemed necessary for public interest or investor protection. The Commission invites public comments on the proposal by January 29, 2025, and comments can be submitted electronically or on paper.
Simple Explanation
MIAX EMERALD, LLC wants to change how much they charge for a report about when trades start and finish on their platform, and they're offering a discount. The rule is starting right away, but people can share their thoughts on it until January 29, 2025.