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Technical Alert

MIAX Options

October 25, 2017 | 10:19 AM

MIAX Options - Interface Specification Update to Support Single Side Liquidity Protection - (MEI)

The MIAX Options Exchange has published an updated Specification for the MIAX Express Interface (MEI) to support Single Side Liquidity Protection (SSP) mechanism.

  • MIAX Express Interface (MEI) Specification v2.5
    • Added new message types to support Single Side Liquidity Protection mechanism
      • Single Side Liquidity Protection Notification message
      • Single Side Liquidity Protection Reset Request message
      • Single Side Liquidity Protection Reset Response message
    • Added new reason code in the existing Quote response and eQuote response messages for rejection of Quotes and eQuotes due to Single Side Liquidity Protection being in effect.
    • Added new reason code in the existing Cancel Notification message for cancellation of Quotes due to Single Side Liquidity Protection trigger.
Please review the updated interface specification for further details.  All specifications are currently available at MIAX Options Interface Specifications.

Important Dates:
  • Firm Test Bed 2 (FTB2) will be available on November 13, 2017.
  • Production rollout is scheduled for 1st quarter 2018, subject to SEC approval. Specific date will be announced in a future alert.
Please contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302 to discuss any specific issues and to arrange interface testing.