Regulatory Alert
MIAX Options
May 19, 2015 | 01:01 PM
MIAX Options - Amendment to the PRIME™ Allocation for Certain Initiating Side Orders Increased from 40% to 50%, Effective May 20, 2015
MIAX has filed for immediate effectiveness to amend Exchange Rule 515A, MIAX Price Improvement Mechanism (“PRIME”), to increase the trade allocation entitlement of a Member that initiates a PRIME auction (an “Initiating Member”) from 40% to 50% when only one competing participant matches such Initiating Member’s auto-match submission at the final price level.
Please refer to MIAX Regulatory Circular, MIAX_RC_2015_27, for more details.
If you have any questions please contact Trading Operations at (609) 897-7302 or TradingOperations@miaxglobal.com.
Regulatory inquiries should be directed to Regulatory at (609) 897-7309 or Regulatory@miaxglobal.com.