Regulatory Alert
MIAX Pearl
May 31, 2018 | 02:11 PM
MIAX PEARL: Amendment to Exchange Rules 307, Position Limits, and 309, Exercise Limits, Regarding Position and Exercise Limits for Options on SPY
MIAX PEARL has filed a proposed rule change to amend Exchange Rules 307, Position Limits, and 309, Exercise Limits, which (1) terminates the SPY Pilot Program, which provided for no position limits for options on SPY, and which is scheduled to expire on Thursday, July 12, 2018; and (2) increases the position and exercise limits (as compared to the limits in place prior to the SPY Pilot Program) for options on SPY from 900,000 contracts on each side of the market to 1,800,000 contracts on each side of the market.
Please refer to MIAX PEARL Regulatory Circular 2018-20 for additional details.
Regulatory inquiries should be directed to Regulatory@miaxglobal.com or (609) 897-7309.