💰MIAX Emerald Proposes New Fees for Testing Systems Access
Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees To Access the Testing Systems Environment
Summary
MIAX Emerald, LLC is proposing a rule change to implement a $1,000 monthly fee for market participants accessing its testing systems environment through a dedicated cross connection. This environment allows users to test upcoming software releases and firm-developed software, emulating the live trading conditions. Access via VPN remains free for all users, providing a choice based on individual needs.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory text discusses proposed fees for accessing the MIAX Emerald's testing systems environment, which directly impacts market participants' financial strategies and operating costs. With a $1,000 monthly charge for dedicated cross connections, businesses must assess their expenses in relation to improved testing capabilities and compliance with technology requirements.