Regulatory Alert

MIAX Pearl Equities

February 25, 2022 | 10:21 AM

MIAX Pearl Equities - Update: SEC Approved Changes to Rule 2616, Priority of Orders

As previously announced in the November 9, 2021 Alert, the SEC approved changes to MIAX Pearl Equities (EPRL) Rule 2616, Priority of Orders, to provide an order with a new timestamp when its position on the book is modified via a Cancel/Replace message during a Short Sale Period. 

This new feature is currently available in EPRL Firm Test Bed (FTB2).

Rollout Schedule

  • March 2, 2022:  Symbols beginning with the letters Y and Z (Match Engine 23) 
  • March 3, 2022:  Symbols beginning with the letters A to M (Match Engines 1-11) 
  • March 4, 2022:  All remaining symbols (Match Engines 12-22 and 24)
For further information or to arrange testing, please contact MIAX Trading Operations at TradingOperations@MIAXEquities.com or (609) 897-7302.

Regulatory inquiries should be directed to Regulatory@MIAXEquities.com or (609) 897-7309.

To learn more about Pearl Equities please contact Sales@MIAXEquities.com, (609) 897-8177 or visit MIAXEquities.com.