U.S. Equities

As previously announced in the July 20th Alert, MIAX PEARL Equities (EPRL) published interface specifications in anticipation of a launch on September 25, 2020.  

Updated MIAX PEARL Equities Exchange interface specifications are available for the following:

• MIAX Express Orders (MEO) – v1.4
  • Added Last Price and Last Size fields to Cancel/Reduce Size Order Notification. When the reason for this notification is Self-Trade Protection, these fields will indicate the match price and the number of shares that would have matched if the order had not been prevented from execution due to Self-Trade Protection
• FIX Order Interface (FOI) - v1.3.a
  • Added a note to clarify that an Execution Report (MsgType=’8’) with ExecType=’D’ (Restated) will be sent for order cancellation or size reduction due to Self-Trade Protection
  • LastPx (tag#31) and LastShares (tag#32) in Execution Report will indicate the match price and the number of shares that would have matched if the order had not been prevented from execution due to Self-Trade Protection 

Please review the updated EPRL Interface Specifications and the MIAX Exchange Group Connectivity Guide for further details.

Important Dates:

• Connectivity to the EPRL Firm Test Bed 2 (PEFTB2) is available now, contact TradingOperations@MIAXEquities.com
• The above updates will be available in EPRL Firm Test Bed 2 (PEFTB2) on Monday, August 17, 2020
• Industry Mock Trading is scheduled as follows:
  • Saturday, August 15, 2020
  • Saturday, August 29, 2020
  • Saturday, September 19, 2020

Resources:

• Membership paperwork is currently being accepted, visit Membership Forms and Onboarding
• EPRL System Settings are now available
• The EPRL User's Manual and Fact Sheet are now available on our website under PEARL Equities Exchange Functionality
• EPRL Rule Filings are available at PEARL Equities Rule Filings
• To add MIAX PEARL Equities Alerts, visit MIAX Email Subscriptions

MIAX PEARL Equities Exchange Codes:

• Bloomberg:  VP
• Blue sheet – Exchange Code:  8
• Blue sheet – Requestor Code:  7
• CAT Destination Code:  PEARLEQ
• CAT Market Center ID:  H
• CAT Related Market Center ID:  S
• CAT Participant Code:  PEARLEQ
• ECAT Code: H (previously announced as S but changed at the request of SIAC)
• FINRA Short Interest Reporting Code:  Y
• MIC Code:  EPRL
• MIC Code (Dark): EPRD
• OATS Destination Code:  XH
• OATS Market Center ID:  H
• RIC Code:  .MP
• RIC Trade Exchange ID:  MPE
• SIP Code: H
• Thomson One Exchange Code:  NP
• UTC Market Code: TBD by DTCC

All updates will be provided through future Alerts.

For further information or to arrange testing, please contact MIAX Trading Operations at TradingOperations@MIAXEquities.com or (609) 897-7302.

Regulatory inquiries should be directed to Regulatory@MIAXEquities.com or (609) 897-7309.

To learn more about PEARL Equities please contact Sales@MIAXEquities.com, (609) 897-8177 or visit MIAXEquities.com.