23 Apr 2025
💳MIAX Emerald Proposes Alternative Payment Instructions for Members
Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 208, MIAX Emerald Billing System
Summary
MIAX Emerald, LLC filed a proposed rule change to amend its billing system, allowing members to provide alternative payment instructions for fee collections. This change aims to ease operational burdens by enabling direct debits outside of the current Clearing Member requirements. The proposal seeks to provide flexibility while ensuring prompt fee collection for the Exchange.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content describes a proposed regulatory change that allows MIAX Emerald LLC members to provide alternative payment instructions for fee payments. This flexibility can significantly ease operational burdens on businesses and could lead to improved cash flow management, thereby impacting their financial operations.