Notice 15 May 2025 regulatory change, fees, market access, testing systems, options exchange, miam

💰MIAX Emerald Proposes New Fees for Testing Systems Access

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.

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