Technical Alert

MIAX Options

October 11, 2016 | 11:24 AM

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

As previously announced in a MIAX Alert published on September 12, 2016, the MIAX Options Exchange will be participating in the 2016 SIFMA BCP Testing this Saturday, October 15, 2016.  All members that are required to test in accordance with Regulation Systems Compliance and Integrity (Regulation SCI) have been notified, however, all participants are encouraged to test.

MIAX will operate out of its new disaster recovery site in Chicago (CH4).

Test Day Timeline:

  • 0830 - Firms can connect to the MIAX Trading System, Order and Quote acceptance
  • 0925 - Live Quote Window will open
  • 0930 - Opening
  • 1300 - Closing

MIAX Options Exchange BCP Testing Requirements

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 two orders in any of the options listed below
  • Receive at least one execution in any of the options listed below
Market Makers (MM)
  • Send at least one, two-sided quote in any of the options listed below
  • Receive at least one execution in any of the options listed below

Options

  1. BAC - OCT 21 16 - C - 16.00
  2. BAC - OCT 21 16 - P - 16.00
  3. FMC - Jan 20 17 - C - 45.00
  4. FMC - Jan 20 17 - P - 45.00
  5. IAU - Jan 20 17 - C - 13.00
  6. IAU - Jan 20 17 - P - 13.00
  7. RMBS - Jan 19 18 - C - 17.00
  8. RMBS - Jan 19 18 - P - 17.00
For test day support, to coordinate participation or to arrange connectivity testing, please contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302.