Regulatory Alert
MIAX Options
September 11, 2014 | 11:22 AM
Notice of MIAX Options Exchange Technical Issue: MPID Underlying Mass Quote Cancel Following a Quote Protection Trigger Notification
Please be advised the MIAX Options Exchange is currently reviewing a technical issue which exists in the following unique circumstance: Following a Quote Protection Trigger Notification, MPID Underlying Mass Quote Cancel Requests will not remove open eQuotes with Time in Force AOC or OPG in the underlyings in which the Aggregate Risk Manager (ARM) was triggered. Once a Quote Protection Reset Request is received, subsequent MPID Underlying Mass Quote Cancel Requests are accepted and processed normally.
This will be addressed in an upcoming release and announced in a Technical Alert upon completion of the rollout.
If you have any questions please contact Trading Operations at (609) 897-7302 or TradingOperations@miaxglobal.com.
Please direct any regulatory questions to the Regulatory Department at (609) 897-7309 or Regulatory@miaxglobal.com.