The MIAX PEARL, LLC has proposed a rule change to adjust its fee schedule to include a new fee for market participants. This fee is for those who choose to use the Exchange's testing systems environment with a dedicated cross connection. The Securities and Exchange Commission (SEC) has been notified and is seeking public comments on this proposed change. Interested parties can submit comments electronically or via mail, and all comments will be made publicly available on the SEC's website.
Simple Explanation
MIAX PEARL, LLC wants to add a new fee for people who use a special way to connect to their test systems, and they told the SEC about it, who is asking for everyone to share their thoughts on this new fee.