Regulatory Alert
MIAX Options
June 13, 2014 | 12:40 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.