MIAX Emerald, LLC filed a proposed rule change with the Securities and Exchange Commission to remove outdated references to mini-options from its rulebook and update certain rule citations.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.
Simple Explanation
The document explains that a company called MIAX Emerald is getting rid of old rules about something called mini-options in their book to make things easier to understand. They let people know they can share their thoughts about this change before a specific date.