The Miami International Securities Exchange has submitted a proposal to the Securities and Exchange Commission (SEC) to amend its Fee Schedule. This change would establish a fee for market participants using the Exchange's testing systems environment through a dedicated cross connection. The proposal became effective immediately and is open for public comment on the SEC's website. People can submit their opinions on whether the rule change is consistent with existing laws until April 8, 2025.
Simple Explanation
The Miami International Securities Exchange has a new idea to charge a fee for special connections to try out their trading system. This change starts right away, and people have until April 8, 2025, to say what they think about it on the SEC's website.