The Securities and Exchange Commission has received a proposed rule change from MIAX PEARL, LLC, filed on March 5, 2025. This proposal aims to introduce a fee for participants who use the Exchange's testing systems environment through a dedicated cross connection. The proposal is immediately effective, and the Commission is inviting public comments on whether this change complies with the relevant regulations. Comments can be submitted online or via mail, and should refer to the designated file number SR-PEARL-2025-07.
Simple Explanation
The government is looking at a new rule from a company called MIAX PEARL. This rule makes people pay money to use a special computer link to test things, and they want to know if that's fair. They're asking people to share their thoughts on this change.