Listing Alert
MIAX Options
September 30, 2015 | 01:55 PM
MIAX Corporate Action Alert: Direxion Daily Financial Bear 3X Shares (FAZ)
Direxion Daily Financial Bear 3X Shares (FAZ) has announced a reverse split that will become effective on Thursday, October 1, 2015. On that date, the current FAZ options class will change to FAZ1. The MIAX Options Exchange will not list FAZ1 options. Therefore, no options on FAZ will be available for trading on the MIAX Options Exchange on Thursday, October 1, 2015. Direxion Daily Financial Bear 3X Shares (FAZ) will resume trading on the MIAX Options Exchange on Friday, October 2, 2015.
All GTC orders resting on the MIAX order book in FAZ will be canceled at the close of business on Wednesday, September 30, 2015.
Additional details about the Direxion Daily Financial Bear 3X Shares (FAZ) reverse split are provided in the attached OCC Memo.
Please contact MIAX Options Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.