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Trading Alert

MIAX Options

November 19, 2015 | 05:15 PM

MIAX Regulatory Clarification - Unbundling of Orders

MIAX Regulatory would like to remind all members that the unbundling of orders for the purpose of achieving small order preference may be considered conduct inconsistent with just and equitable principles of trade and a violation of MIAX Rule 301.

Please refer to MIAX Regulatory Circular MIAX RC 2015 55 for further details.

Please direct any regulatory questions to Regulatory@miaxglobal.com or (609) 897-7309.