Trading Alert

MIAX Options

June 13, 2014 | 12:39 PM

MIAX Options: Changes to the Opening Process – Available Beginning June 16, 2014

The MIAX Options Exchange has recently amended MIAX Rule 503 (Openings on the Exchange) to change the definition of a valid width NBBO and valid width quote to correspond to the standard bid-ask differential specified under MIAX Rule 603(b)(4)(i).  This change modifies the valid opening standard quote width to $5.00.

The MIAX will implement these changes beginning June 16, 2014.   

Refer to MIAX_RC_2014_39 for further details.

Please direct any questions to Shelly Brown at http://sbrown@miaxoptions.com or at (609) 897-7317.

Regulatory inquiries should be directed to http://Regulatory@miaxoptions.com or (609)-897-7309.