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Trading Alert

MIAX Pearl

September 29, 2017 | 10:53 AM

New Interpretation and Policy to Rule 521, Nullification and Adjustment of Options Transactions including Obvious Errors, and update to Interpretation and Policy to Rule 504, Trading Halts

MIAX PEARL filed a proposed rule change with the Securities and Exchange Commission to adopt a new, harmonized obvious error rule Interpretation and Policy relating to determining the Theoretical Price of an erroneous transaction, in coordination with each of the other U.S. options exchanges.

The proposed rule change has become effective, and it will be implemented on MIAX PEARL on Monday, October 2, 2017.
 
Also, Interpretation and Policy .04 to Rule 504, Trading Halts, has been amended to clarify the circumstances in which trades on the Exchange will be nullified.
 
Please refer to MIAX PEARL Regulatory Circular 2017-57 for further details.

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