The Miami International Securities Exchange, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend its fee schedule. The change is to introduce a new fee for market participants who want to use a direct connection to the Exchange's testing systems. This proposal was filed on January 14, 2025, and is immediately effective. The SEC is inviting comments from the public on this proposed change until February 21, 2025.
Simple Explanation
The Miami International Securities Exchange wants to charge a new fee for a special way to connect to their practice systems, which helps people test trades before doing them for real. They told the SEC about this plan, and now the SEC is asking everyone to say what they think about it.