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.
Simple Explanation
MIAX Emerald wants to change how much people pay to get certain information about the stock market, and they asked a big government group to look at it quickly. They want to know if people think these changes are good or bad for everyone.