MIAX Emerald, LLC has submitted a proposal to the Securities and Exchange Commission (SEC) to amend its Fee Schedule. This change will introduce a fee for market participants who use the Exchange's testing systems environment via a dedicated cross connection. Filed under immediate effectiveness, this proposal is available for public comment, and interested parties can submit their views to the SEC by February 21, 2025. The full text of the proposal can be accessed on both the MIAX and SEC websites.
Simple Explanation
MIAX Emerald wants to start charging a fee for using a special connection to test their systems, and people can tell them what they think about this idea until February 21, 2025. But, the details about how much the fee will be and how it compares to other places aren't clear, and some important information might be hard to find or understand.