The Securities and Exchange Commission has issued a notice regarding a proposed rule change by the Miami International Securities Exchange to amend its Fee Schedule. This amendment aims to introduce a fee discount program for the Open-Close Report. The Commission is seeking public comments on whether the proposed changes align with the Securities Exchange Act of 1934. Interested individuals can submit their comments electronically or by mail before January 29, 2025.
Simple Explanation
The Miami International Securities Exchange wants to give people a discount on a report that shows when trades start and stop, and they are asking everyone to share their thoughts on this idea by the end of January 2025. The Securities and Exchange Commission, which is like the report card keeper for trading rules, is checking to make sure this plan is fair.