Trading Alert
MIAX Options
January 07, 2015 | 12:47 PM
New Equity Rights Program for 2015
The Exchange filed for immediate effectiveness to implement an equity rights program pursuant to which units representing the right to acquire equity in the Exchange’s parent holding company, Miami International Holdings (“MIH”) would be issued to a participating Member in exchange for payment of an initial purchase price or the prepayment of certain transaction fees and the achievement of certain volume thresholds on the Exchange over a 29 month period.
Participation in the program is open to all Members of the Exchange subject to their satisfaction of eligibility requirements. Participant Members must have executed the definitive documentation, satisfied the eligibility criteria required of program participants, and tendered the minimum cash investment or prepayment of fees by January 27, 2015, with a closing to occur on January 30, 2015. The Exchange will initiate the measurement period for the volume thresholds on February 1, 2015.
See MIAX Regulatory Circular 2015-03 for additional information.
For information regarding participation please contact John Smollen at jsmollen@miaxglobal.com at (609) 897-7307, or Barbara Comly at bcomly@miaxglobal.com at (609) 897-7315.
For regulatory questions please contact the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.