U.S. Equities

MIAX Pearl Equities (EPRL) previously announced in a November 8, 2022 Alert, that it would begin to route Market Orders to participate in the primary listing market’s closing process via the Route to Primary Auction (“PAC”) routing option on December 16, 2022.  Specifically, a Market Order coupled with the PAC routing option would be eligible to be routed to participate in the primary listing market’s closing process if the Market Order is: (i) entered at or after 3:50 p.m. Eastern Time, but before market close; (ii) the primary listing market has declared a regulatory halt; and (iii) the primary listing market is to conduct its closing process according to their applicable rules.
 
This enhancement is being postponed and we will send out a revised activation date in a future alert.

For more information, please refer to MIAX Pearl Equities Exchange Regulatory Circular 2022-16.

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.