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Regulatory Alert

MIAX Emerald

April 02, 2019 | 04:21 PM

Amendment to Rule 510, Minimum Price Variations and Minimum Trading Increments, to Specify that Replacement Classes May Be Added to the Penny Pilot Program on a Quarterly Basis for MIAX Options, MIAX PEARL and MIAX Emerald

MIAX has amended Rule 510 to allow for replacement classes to be added to the Penny Pilot Program on a quarterly basis and the Exchange will determine replacement classes based on trading activity in the previous six months but will not use the month immediately preceding the addition of a replacement to the Penny Pilot Program.

This change became effective on March 22, 2019, pursuant to notices recently issued by the Securities and Exchange Commission.

Please refer to the following for more information.

Contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302 with any questions about replacement classes to be added to the Penny Pilot Program on a quarterly basis for all three exchanges.
 
Regulatory inquiries should be directed to Regulatory@miaxglobal.com or (609) 897-7309.