Regulatory Alert

MIAX Options

March 20, 2017 | 04:25 PM

Amendments to MIAX Options Rule 518, Complex Orders - Complex MIAX Options Price Collar

MIAX Options recently filed with the Securities and Exchange Commission to establish a new price protection feature, the Complex MIAX Options Price Collar.  The MIAX Options Price Collar prevents complex orders from automatically executing at potentially erroneous prices by establishing a price range outside of which a complex order will not be executed. 

The new rule will be implemented beginning March 29, 2017.
 
Please refer to MIAX Options Regulatory Circular 2017-14 for further information regarding the Complex MIAX Options Price Collar protection feature.
 
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.