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Technical Alert

MIAX Pearl

February 07, 2018 | 10:26 AM

MIAX PEARL - Activation Schedule of New Functionality Beginning February 15, 2018

As previously announced in the PEARL December 6, 2017 Alert, the MIAX PEARL Exchange will activate new functionality with the following schedule:

  • ARM trigger will not block immediate orders such as IOC and ISO prior to receiving a Reset (Change to Existing Functionality)
    • Effective on February 15th
  • Mass Cancel message feature will optionally not block Immediate Orders prior to receiving a Reset (Optional change)
    • Effective on February 16th
    • Firms can specify to block all orders or block all orders except immediate orders prior to receiving a Reset
    • In the later type of Mass Cancel request, immediate orders will not require a Reset Message and therefore will not be blocked subsequent to a Mass Cancel
  • Priority Mass Cancel Port (Optional change)
    • Effective on February 16th
    • Mass Cancels can be submitted over new High Priority Ports with expedited processing by the Matching Engine
  • Single Side Liquidity Protection mechanism (Optional change)
    • Effective on February 20th
    • Refer to the latest MEO Interface Specification (v1.2) for details about this functionality
These functionalities are available in PEARL Firm Test Bed# 2 (FTB2) environment.

All interface specifications are currently available at MIAX Interface Specifications.

Please contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302 to discuss any specific issues and to arrange interface testing.