Regulatory Alert
MIAX Emerald
January 28, 2021 | 08:29 AM
Effective January 28, 2021 through January 29, 2021, MIAX Options and MIAX Emerald 5X Opening and Intraday Valid and Priority Quote Spread Relief in GME
Issue Symbol: GME
Multiplier: 5X
Reason: In maintenance of a fair and orderly market.
Time: Opening and Intraday
Subject Summary: Please be advised, effective January 28, 2021 through January 29, 2021, the MIAX Regulatory Department has granted 5 times ($25) opening and intraday quote parameter relief for symbol GME on MIAX Options and MIAX Emerald.
Please note, standard quote width is $5 wide, five (5) times width is $25. However, since MIAX and Emerald have a Global setting of 2x standard, GME allowable quote width will now be $50 wide. Evaluation will be made on January 29, 2021 for futher extension of this relief.
For questions or comments, please contact the Regulation Department at regulatory@miaxoptions.com.