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Technical Alert

MIAX Pearl

March 01, 2021 | 02:59 PM

MIAX Pearl Options - Auto Cancel of Orders on System Failure and PLF Last Value Refresh for Orders

As previously announce in a November 18, 2020 and January 13, 2021 Alerts, MIAX Pearl Options Exchange has published updated Interface Specifications. 

FIX Order Interface (FOI) v1.1c: 
Optional feature.

  • Auto Cancel of Orders on System Failure (ACOSF): This feature has been renamed from Auto Cancel of Orders on FOI Failure (ACOFF) to ACOSF as this feature will now cancel all orders (including GTCs) following certain Matching Engine failure events in addition to FOI failure events. See the FIX Order Interface (FOI) specifications for more details. Firms that want this feature will need to request Trading Operations to enable this on their sessions.
Pearl Liquidity Feed (PLF) v1.2:
Optional feature.
  • PLF Last Value Refresh for Orders.
Important Dates:
  • The changes are currently available in Pearl Firm Test Bed 2 (FTB2).
  • Specific dates for the availability of ACOSF (pending SEC approval) will be announced in a future alert.
  • PLF Last Value Refresh will be available in production on March 15th, 2021.
Please review the 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.