Trading Alert
MIAX Options
June 01, 2016 | 02:49 PM
Professional Interest and Priority Customer Order Counting Methodology
Pursuant to an industry–wide initiative to harmonize the methodology for counting of orders in listed options for designation as “Professional Interest” order or order for the account of a “Priority Customer,” the Exchange has filed and received approval for SR-MIAX-2016-11.
The standards shall become operative as of July 1, 2016 and shall be implemented commencing for Q2 2016. Any changes to Priority Customer designations should be made within five days after the review period, but no later than July 8, 2016.
Please refer to MIAX Regulatory Circular 2016-17 for further information on order counting methodology and order designation.
Regulatory inquiries should be directed to Regulatory@miaxglobal.com or (609) 897-7309.