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Technical Alert

MIAX Options

October 07, 2016 | 03:00 PM

MIAX PEARL - Publication of MIAX PEARL Exchange Interface Specifications

MIAX PEARL has just released the full set of Interface Specifications supporting the MIAX PEARL Exchange which is pending SEC approval.

  • MIAX Express Orders (MEO)
    • The MEO interface is a low latency interface that supports bulk binary order sending in both Auto-Replace format (follows quote handling mechanics) and Standard binary orders (follows traditional order handling mechanics). The MEO interface is available to all Electronic Exchange Members (EEMs) and Market Makers (MMs).
  • FIX Order Interface (FOI)
    • FOI conforms to the FIX protocol and is used by EEMs to send Orders to PEARL.
  • FIX Drop Copy Port (FXD)
    • The FXD provides real-time trade information about Firm’s FOI orders via the FIX protocol.
  • PEARL Clearing Trade Drop (CTD)
    • The CTD is a binary interface that provides real-time trade information for all PEARL executions, corrections and cancels.
  • PEARL Liquidity Feed (PLF)
    • The PLF is a binary multicast feed that provides real-time depth of book updates for all actionable PEARL orders.
  • PEARL Top of Market (ToM)
    • ToM is a binary multicast feed that provides real-time Best Bid & Offer (PBBO) and Last Sale prices for PEARL.

The MIAX PEARL system will be available in the MIAX PEARL Firm Test Bed #2 (FTB2) environment in mid-November. Specific dates will be announced via a future Technical Alert.

MIAX PEARL Interface Specifications are located at MIAX PEARL Interface Specification.  

Contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302 to discuss any specific issues and to arrange interface testing.