Trading Alert, Regulatory Alert
MIAX Options
May 07, 2024 | 02:00 PM
MIAX Option Exchanges - Member Guidance for Test Messages and Heartbeat Messages
Members must not misuse MEI/MEO protocols test messages and/or heartbeat messages for the purposes of masking speculative messaging activity initiated in response to a market data message.
Members are required to cease submitting test messages between the hours of 9:30:00 AM and 4:15:00 PM ET as follows:
- MIAX Options – beginning June 3, 2024
- MIAX Pearl Options – beginning June 3, 2024
- MIAX Emerald Options – beginning May 13, 2024
Contact Regulation at Regulatory@miaxglobal.com or (609) 897-7309.