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Trading Alert

MIAX Options

July 31, 2013 | 03:13 PM

Allocation of Directed Orders – Effective On August 5, 2013

Regulatory Circular 2013-46 describes changes to the allocation of Directed Orders to provide that a Directed Lead Market Maker (“DLMM”) will always receive a minimum participation allocation of at least one (1) contract of an incoming Directed Order provided that the DLMM has a priority quote at the National Best Bid or Offer (“NBBO”).

Please contact the Regulatory Department with any questions at Regulatory@MIAXoptions.com or 609-897-7309.