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Regulatory Alert

MIAX Emerald

January 05, 2023 | 03:23 PM

MIAX Emerald Options - Introducing a New Complex Order Do Not Leg Instruction on January 11, 2023

As previously announced in the October 28, 2022 Alert, MIAX Emerald Options Exchange will introduce a new Complex Order Do Not Leg (DNL) instruction beginning January 11, 2023.

  • Complex Order Do Not Leg (DNL) Instruction - Optional
    • A complex order that is marked with the DNL instruction will not leg into the Simple Order Book. The DNL order instruction will be available for use with all complex order types (excluding Complex Customer Cross Orders, Complex Qualified Contingent Cross Orders, and cPRIME Orders) offered on the Exchange.
Please review MIAX Emerald Options Exchange Regulatory Circular 2023-02 for further details.

This feature is available in the MIAX Emerald Options Firm Test Bed (FTB2) environment.

MIAX Emerald Options interface specifications are available on the MIAX website at MIAX Emerald Options Exchange Specifications.

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