Listing Alert
MIAX Emerald
March 27, 2020 | 10:18 AM
MIAX Exchange Group - Options Markets - Corporate Action Alert: SPDR S&P Oil & Gas Equipment & Services ETF (XES) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
SPDR S&P Oil & Gas Equipment & Services ETF (XES) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) have announced reverse stock splits effective for Monday, March 30, 2020. On that date, the current XES and XOP option classes will change to XES1 and XOP1. The MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange will not list XES1 and XOP1 options. Therefore, no options on XES and XOP will be available for trading on Monday, March 30, 2020.
SPDR S&P Oil & Gas Equipment & Services ETF (XES) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) will resume trading on the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange on Tuesday, March 31, 2020.
All GTC orders resting on the MIAX order books in XES and XOP will be canceled at the close of business on Friday, March 27, 2020.
Additional details about the reverse splits are provided in the attached OCC Memos.
Please contact MIAX Options Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.