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Trading Alert

MIAX Options

June 30, 2016 | 09:58 AM

MIAX Options - Reg SCI / SIFMA BCP Test Plan - October 15, 2016

As previously announced in a MIAX Alert published on June 20, 2016, the MIAX Options Exchange will participate in the SIFMA 2016 industry-wide business continuity test on Saturday, October 15, 2016 from 9:00 AM to 1:00 PM EST.  All members that are required to participate in accordance with Regulation Systems Compliance and Integrity (Regulation SCI) have been notified. 

MIAX will operate out of its new disaster recovery site in Chicago (CH4).  All members that are required to participate in accordance with Regulation SCI must connect to the disaster recovery site IP addresses for all interfaces.  Connectivity tests can be conducted beginning August 22, 2016.

Members not required by the MIAX Options Exchange to participate in the SIFMA BCP Test are nevertheless encouraged to connect to the disaster recovery site and participate in the industry test.

MIAX Options Exchange BCP Testing Requirements

While not required, MIAX Market Makers are encouraged to utilize this testing opportunity to provide continuous two-sided quotes in all assigned classes and Electronic Exchange Members are encouraged to provide frequent order updates.  MIAX Options will conduct the test with all listed options available.  Members mandated to participate in accordance with Regulation SCI are obligated, at a minimum, to demonstrate the following:

Electronic Exchange Members (EEM)

  • Send at least one order in every option listed below
  • Receive at least one execution in every option listed below
  • Receive an execution on one order that was routed to an away exchange
Market Makers (MM)
  • Send at least one, two-sided quote in every option listed below
  • Receive at least one execution in every option listed below


Minimum List of Options

  1. AA-Oct 21 16-C-11.00
  2. BID-Jan 20 17-C-30.00
  3. CVS-Nov 18 16-C-95.00
  4. D-Jan 20 17-C-75.00
  5. EAT-Oct 21 16-C-45.00
  6. F-Dec 16 16-C-12.00
  7. GPRO-Jan 20 17-C-11.00
  8. HSY-Nov 18 16-C-95.00
  9. IBM-Oct 21 16-C-145.00
  10. KO-Nov 18 16-C-44.00
  11. LULU-Dec 16 16-C-70.00
  12. MSFT-Oct 21 16-C-50.00
  13. NKE-Oct 21 16-P-70.00
  14. PAY-Jan 20 17-P-18.00
  15. QCOM-Oct 21 16-P-55.00
  16. SUN-Dec 16 16-P -30.00
  17. T-Oct 21 16-P-42.00
  18. UN-Nov 18 16-P-45.00
  19. VA-Dec 16 16-P-55.00
  20. XL-Oct 21 16-P-32.00
  21. ZEN-Jan 20 17-P-25.00
  22. AAPL-Oct 21 16-P-95.00
  23. GOOG-Dec 16 16-P-685.00
  24. SPY-Nov 18 16-P-206.00
To coordinate participation or to arrange connectivity testing, please contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302.