Search Results for keywords:"MIAX Emerald"

MIAX Emerald, LLC has proposed changes to its By-Laws, which were filed with the Securities and Exchange Commission (SEC) on January 10, 2025. The changes include removing the need for a Compensation Committee and a Quality of Markets Committee on the Board and updating how the Regulatory Oversight Committee decides the compensation and personnel actions for the Chief Regulatory Officer. The proposal is designed for immediate effectiveness, and the SEC is inviting public comments on these changes. The full text of the proposed changes can be accessed on MIAX Emerald's and the Commission's websites.

MIAX Emerald, LLC proposed a new fee for market participants who want a dedicated connection to access its testing systems. This proposal was filed with the Securities and Exchange Commission (SEC) and is immediately effective but open to public comments until April 8, 2025. Details about the proposed fee and its purpose, including how it fits within the regulatory framework, can be found on MIAX Emerald's and the SEC's websites. The SEC invites public feedback through various submission methods and will post all comments online.

MIAX Emerald, LLC, a securities exchange, has filed a proposal with the Securities and Exchange Commission (SEC) to change its Fee Schedule. The proposal seeks to adjust the inbound quote limit related to the Excessive Quoting Fee, aiming for immediate effectiveness. The SEC is asking for public comments on this rule change, which is available for review online on both the MIAX Emerald and SEC websites. Comments can be submitted via the SEC's online form, email, or mailed directly to the SEC by April 7, 2025, using file number SR-EMERALD-2025-05.

On January 22, 2021, MIAX Emerald, an exchange, filed a proposal with the Securities and Exchange Commission (SEC) to implement new monthly Trading Permit fees for its members. This rule change proposes fees based on whether the member is a Market Maker or an Electronic Exchange Member, with different charges depending on the volume of activity and the number of option classes a member is involved in. MIAX Emerald believes the proposed fees will cover the costs of providing access to the exchange while maintaining fair competition and have structured them to reflect the exchange's expenses for providing these services. The SEC is seeking public comments on this proposal before finalizing it.

MIAX Emerald, a national securities exchange, has proposed a rule change to implement new fees, including a one-time membership application fee and testing and certification fees. The membership fee varies based on the applicant's role, with Electronic Exchange Members (EEMs) charged $2,500 and Market Makers $3,000, reflecting the greater complexity in evaluating Market Maker applications. Additionally, fees for Application Programming Interface (API) testing and Network Connectivity are being introduced to offset resources spent in the process. The fees are being structured to ensure they cover the costs incurred by the exchange, without imposing unfair discrimination among market participants.

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.

The Securities and Exchange Commission (SEC) announced that MIAX Emerald, LLC filed a proposed rule change on March 13, 2025. This proposal seeks to amend the Exchange's Fee Schedule by introducing new fee categories for its proprietary market data feeds, including the Top of Market feed and the Administrative Information Subscriber feed, among others. The proposal was made effective immediately, and the SEC is seeking public comments on whether it aligns with the requirements of the Securities Exchange Act of 1934. Interested parties can submit their comments electronically or by mail, ensuring they reference file number SR-EMERALD-2025-07.

MIAX Emerald, LLC filed a proposed rule change with the Securities and Exchange Commission to remove outdated references to mini-options from its rulebook and update certain rule citations. The aim is to clarify the rules for the benefit of investors and to eliminate any potential confusion. The commission decided that the rule change could take effect immediately upon filing because it does not pose any novel regulatory issues. Public comments on the proposal are being solicited before February 20, 2025.

MIAX Emerald, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to introduce fees for market data products including Top of Market (ToM), Administrative Information Subscriber (AIS) feed, and MIAX Order Feed (MOR). These changes aim to end a previous waiver period where market data fees were not charged, establishing new monthly fees for internal and external distributors. The exchange justifies these fees by detailing the costs involved in providing these data products and argues that the fees are fair, reasonable, and necessary to cover increased expenses while maintaining transparency and competitiveness. The proposed fees are designed to comply with regulatory requirements and are intended to create a fair allocation of costs among users.

MIAX Emerald, LLC has proposed changes to its fee schedule for proprietary market data feeds, including categories for the Top of Market feed, Complex Top of Market feed, Administrative Information Subscriber feed, and the MIAX Emerald Order Feed. The changes were filed with the Securities and Exchange Commission (SEC) on February 14, 2025, and have been designated for immediate effectiveness. The SEC is inviting public comments on whether the proposed rule changes are consistent with the Securities Exchange Act of 1934. Interested parties can submit their comments online or via mail by March 25, 2025.