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Trading Alert

MIAX Pearl

July 13, 2017 | 10:26 AM

MIAX Options & MIAX PEARL - Reg SCI / SIFMA BCP Test Day Plan - October 14, 2017

The MIAX Exchanges will be participating in the 2017 SIFMA BCP Testing on Saturday, October 14, 2017.  All members that are required to test with MIAX Options and/or MIAX PEARL Exchanges in accordance with Regulation Systems Compliance and Integrity (Regulation SCI) have been notified, however, all members are encouraged to test.

MIAX will operate out of its disaster recovery site in Chicago (CH4).

Test Day Timeline:

  • 08:30 - Firms can connect to the MIAX Trading Systems, Order and Quote acceptance
  • 09:25 - Live Quote Window will open
  • 09:30 - Opening
  • 13:00 - Closing
MIAX Options Exchange & MIAX PEARL Exchange BCP Testing Requirements
Members mandated to participate in accordance with Regulation SCI are obligated, at a minimum, to demonstrate the following:

Electronic Exchange Members (EEM)
  • Send at least two orders in any of the options listed below
  • Receive at least one execution in any of the options listed below
Market Makers (MM)
  • MIAX Options:
    • Send at least one, two-sided quote in any of the options listed below
    • Receive at least one execution in any of the options listed below
  • MIAX PEARL:
    • Send at least one, two-sided binary order in any of the options listed below
    • Receive at least one execution in any of the options listed below
Options
  1. AAPL - NOV 17 17 – C - 145.00
  2. AAPL - NOV 17 17 – P - 145.00
  3. BAC - OCT 20 17 - C - 16.00
  4. BAC - OCT 20 17 - P - 16.00
  5. GE - OCT 20 17 - C - 26.00
  6. GE - OCT 20 17 - P - 26.00
  7. MSFT - JAN 18 19 - C - 67.50
  8. MSFT - JAN 18 19 - P - 67.50
  9. SPY - DEC 29 17 - C - 200.00
  10. SPY - DEC 29 17 - P - 200.00
For test day support, to coordinate participation or to arrange connectivity testing, please contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302.