Trading Alert
MIAX Options
March 30, 2015 | 09:05 AM
MIAX Options - MIAX Risk Protection Monitor (MIAX RPM™) Details
MIAX Options Exchange recently rolled out the MIAX Risk Protection Monitor (MIAX RPM™). RPM provides an Electronic Exchange Member or Clearing Firm Member the ability to define metrics that provide risk protection to "Block", "Cancel" and "Warn" based on the number of orders entered or contracts traded via orders for a Clearing Number, Firm Code or MPID in a specified period of time. RPM metrics are set by the Members and are conveyed electronically back to the member via FIX Messages and CTD Messages when triggered.
Information regarding RPM is currently available on the MIAX website for the following:
- CTD and FOI Interface Specifications MIAX Interface Specifications
- MIAX Options Risk Management Market Protections MIAX_Market_Protections
- MIAX Regulatory Circular MIAX_RC_2015_15
- RPM Fact Sheet MIAX_RPM_Fact_Sheet
Please contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302 to obtain a detailed users guide for utilizing this functionality, to discuss required documentation and to arrange interface testing.
Regulatory inquiries should be directed to Regulatory@miaxglobal.com or (609) 897-7309.