Trading Alert
MIAX Options
October 03, 2013 | 12:43 PM
MIAX Options Exchange - Under Certain Conditions a Marketable Cancel/Replace Order May Not Trigger the Directed Allocation
The MIAX Options Exchange has identified a scenario when a cancel/replace order that is submitted to the Exchange that is both marketable upon receipt and directed to a MIAX Market Maker, and if the Directed Market Maker is not the PLMM, the Directed Market Maker will not receive its Enhanced Allocation. Order executions and execution prices are not impacted. All other systems are operating normally.
MIAX will send an updated alert with all status changes.
If you have any questions please contact Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302.