Regulatory Alert

MIAX Options

January 20, 2017 | 11:22 AM

Amendments to MIAX Options Rule 605 - Permissible Market Maker Order Types

MIAX Options has filed to amend MIAX Options Rule 605, Market Maker Orders, to provide that a MIAX Options Market Maker appointed in an option class may not enter good ‘til cancelled (“GTC”) orders, and to state specifically that an Electronic Exchange Member may enter for the proprietary account of a non-MIAX Options Market Maker all order types permitted to be entered under the Rules by Members, other than market orders and GTC orders. 

The new rule will be implemented beginning Monday, January 23, 2017.

Please refer to MIAX Options Regulatory Circular 2017-06 for further details.
 
For additional information, please contact Sales@miaxglobal.com or call (609) 897-8177.
 
For Regulatory questions, contact the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.