Technical Alert

MIAX Pearl

September 04, 2019 | 12:00 PM

MIAX Exchange Group - Options Markets - Reminder: Top of Market (ToM) and Clearing Trade Drop (CTD) Interface Specification updates

As previously announced in the August 8, 2019 Alert, the MIAX Options, PEARL Options and Emerald Options Exchanges have published the following updated Interface Specifications in conjunction with the planned OPRA update to reported trade conditions:

MIAX Top of Market (ToM) - Mandatory Change:

  • The trade condition ‘I’ has been updated from “reserved for future use” to “Auto” for MIAX Options and PEARL Options
  • A note has been added to Appendix A for MIAX Options, PEARL Options and Emerald Options clarifying the usage of the trade conditions
MIAX Clearing Trade Drop (CTD) - Mandatory Change:
  • The trade condition ‘I’ has been updated from “reserved for future use” to “Auto” for MIAX Options and PEARL Options
  • A note has been added to Appendix A for MIAX Options, PEARL Options and Emerald Options clarifying the usage of the trade conditions
Important Dates:
  • The above interface updates are currently available in the MIAX Firm Test Bed (FTB2) environments
  • Production activation of the above changes is scheduled for November 4, 2019 for all exchanges in the MIAX Exchange Group  
Please review the highlighted updated interface specifications for further details:
Please contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302 to discuss any specific issues and to arrange interface testing.