Regulatory Alert
MIAX Pearl
June 28, 2017 | 10:43 AM
Extension of SPY Option Position and Exercise Limit Pilot Program Through July 12, 2018
MIAX Options filed with the Securities and Exchange Commission a proposal to amend MIAX Options Rule 307, Position Limits, and MIAX Options Rule 309, Exercise Limits, which Rules are incorporated by reference into the MIAX PEARL Rule Book, to extend a pilot program that eliminates position and exercise limits for physically-settled options on the SPDR® S&P 500® ETF Trust.
The proposal was effective upon filing and the pilot program is now set to expire on Thursday, July 12, 2018.
Please refer to MIAX PEARL Regulatory Circular 2017-44 for further details regarding the extension of the SPDR® S&P 500® ETF Trust pilot program.
Questions may be directed to the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.