The Securities and Exchange Commission (SEC) is reviewing a proposed rule change from MIAX PEARL, LLC to amend its Exchange Rule 402. This change would allow the listing and trading of options on Commodity-Based Trust Shares, similar to proposals by other exchanges like Nasdaq ISE and NYSE. Such options would give investors new ways to manage their investments, offering a lower-cost method and increased transparency compared to unregulated markets. Public comments on the proposal are being solicited before a decision is made.
Simple Explanation
MIAX PEARL wants to change a rule so they can trade special "options" that are like bets on things that come from nature, like gold or oil, and the SEC is seeing if this change is a good idea by asking people what they think.