The Securities and Exchange Commission has announced that MIAX Emerald, LLC, plans to introduce a new fee for accessing its testing systems environment through a dedicated cross connection. Previously, users could access this environment, which allows testing of exchange functionality, for free via a VPN or by other means that are being phased out. Starting December 1, 2024, a monthly fee of $1,000 will be charged for this dedicated connection option, but VPN access will remain free. The fee structure aims to reflect competition in the market and is designed to offer equitable pricing compared to similar services provided by other exchanges.
Simple Explanation
MIAX Emerald is planning to charge $1,000 a month if someone wants to connect through a special line to test things, like how schools sometimes charge for using special playground equipment, but they can still use the regular internet connection for free to test stuff.