6 Jun 2025
📈SEC Proposes Rule Change for MIAX Emerald Interface Ports
Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Emerald Options Exchange Fee Schedule To Remove Text Capping the Number of Limited Service MIAX Emerald Express Interface Ports Available to Each Market Maker
Summary
The Securities and Exchange Commission has published a notice regarding MIAX Emerald, LLC’s proposed rule change that eliminates the cap on Limited Service MIAX Emerald Express Interface Ports for Market Makers. This change aligns MIAX Emerald's fee structure with its affiliates, thereby promoting consistent access and potentially enhancing market competitiveness.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change removes restrictions on the number of Limited Service MIAX Emerald Express Interface Ports available to Market Makers, enhancing market access and competitiveness. This impacts business owners by potentially reducing costs associated with connectivity and improving trading capabilities.