Regulatory Alert
MIAX Options
April 20, 2015 | 04:44 PM
Rule Change – Rule 500, Exchange May Share Member–Designated Risk Settings With Clearing Members
MIAX has filed for immediate effectiveness with the Securities and Exchange Commission to modify Exchange Rule 500, Access to and Conduct on the Exchange, to authorize the Exchange to share any Member-designated risk settings in the MIAX System directly with such Member’s Clearing Member.
The risk settings currently affected by this rule relate to limitations on executions controlled by the Exchange System’s Risk Protection Monitor (“RPM”), Aggregate Risk Manager (“ARM”), and Order Size Protection (“OSP”) functionalities.
Please refer to MIAX Regulatory Circular 2015-23 for more details.
Regulatory inquiries should be directed to Regulatory@miaxoptions.com or (609) 897-7309.