Technical Alert

MIAX Options

March 20, 2015 | 03:50 PM

MIAX Options - FIX Order Interface (FOI) & Clearing Trade Drop (CTD) Specification Updates

The MIAX Options Exchange has just released updated Interface Specifications for the MIAX FIX Order Interface (FOI) and Clearing Trade Drop (CTD) to support the updates listed below.

Summary of updates:
  1) Fix Order Interface (FOI v1.13):
      a) MIAX Risk Protection Monitoring (RPM)
      b) MIAX PRIME Qualified Contingent Cross (QCC)
      c) Failure/recovery enhancements
      d) Support for ISE Mercury Options Exchange (Required Change)
 
  2) Clearing Trade Drop (CTD v1.8):
      a) MIAX Risk Protection Monitoring (RPM)
      b) MIAX PRIME Qualified Contingent Cross (QCC)
      c) Failure/recovery clarifications
      d) Support for ISE Mercury Options Exchange (Required Change)

Please note that the above mentioned changes are optional except for the changes related to the ISE Mercury Exchange support. Activation of any of the above changes will require recertification.

RPM is currently available in both Firm Test Beds (FTB1 & FTB2).  The remaining changes will be available for Interface Testing in the MIAX Firm Test Bed #2 (FTB2) environment on March 27, 2015.

The activation of various functional features related to the above specifications are subject to SEC approval. All such activations will be preceded with a MIAX Regulatory Alert providing notice of production activation dates.

MIAX Options Trading Interface Specifications are located at interface-specifications.  

Contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302 to discuss any specific issues and to arrange interface testing.