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.