The Securities and Exchange Commission has published a notice regarding a rule change proposed by MIAX Pearl, LLC to update Exchange Rule 2625. This change aims to introduce a new data product called the U.S. Equity Short Volume & Trades Report, which provides detailed information on short sale activity in equities. The report is similar to data offerings from other exchanges, like Cboe, and aims to boost transparency and aid market participants in making informed decisions. The proposal notes that this product is optional; it is available for purchase, but no market participant is required to buy it.
Simple Explanation
The people who make rules for buying and selling stocks are telling everyone about a new thing they want to offer. It's like getting a special report that shows how many people are selling stocks they borrowed. This report could help people make smarter choices when buying stocks.