U.S. Options

MIAX Pearl Options has modified the criteria for the Opening Process. The opening of trading or resumption of trading after a halt of securities by the System will be dependent on the following criteria, provided the ABBO is not crossed.

• If there is locking or crossing interest on MIAX Pearl or interest that locks or crosses the NBBO, a Valid Width NBBO must be present.
• If there is no locking or crossing interest on MIAX Pearl and no interest that locks or crosses the NBBO, then the Exchange will open dependent upon one of the following:
  • A Valid Width NBBO is present; or
  • At least five (5) minutes has elapsed. 

A Valid Width NBBO is defined as at least four (4) away market quotes resulting in an NBBO not greater than $5.00 wide.

For more information regarding the Opening Process, refer to the following Regulatory Circular:

• MIAX Pearl Options RC-2024-49

For questions regarding the Opening Process, please contact Trading Operations at TradingOperations@miaxglobal.com or call (609) 897-7302.

For Regulatory questions, contact Regulatory@miaxglobal.com or (609) 897-7309.