Trading Alert

MIAX Options

May 25, 2017 | 11:42 AM

Obvious Errors in Complex Orders

MIAX Options recently filed with the Securities and Exchange Commission a new harmonized rule, MIAX Options Rule 521, Interpretations and Policies .03, relating to Obvious Errors in complex orders in coordination with the other U.S. options exchanges.  MIAX Options Rule 521(l)(5) is being removed from the MIAX Options Rulebook and until that proposed rule change becomes effective, in the event of a conflict between the two rules, the Exchange is advising Members that Rule 521, Interpretations and Policies .03, shall govern the handling of Obvious Errors in complex orders on the Exchange.

Please refer to MIAX Options Regulatory Circular 2017-26 for further details.

Regulatory inquiries should be directed to Regulatory@miaxglobal.com or (609) 897-7309.