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Regulatory Alert

MIAX Options

August 20, 2018 | 03:30 PM

MIAX Options - Changes to Price Protection Process

Pursuant to MIAX Options Rule 515(c)(1) Price Protection on Non-Market Maker Orders, MIAX Options will be changing the default settings associated with the price protection process.

The current Exchange default value is one (1) Minimum Price Variation ("MPV").  The new Exchange default value will be set to five (5) MPVs.  The effective date for the new default value will be announced via a future Regulatory Circular.

Please refer to MIAX Options Regulatory Circular 2018-37 for further details.

For questions regarding the MIAX Options Price Protection process contact Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302.
 
Please direct questions to the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.