U.S. Equities

MIAX Pearl Equities Exchange proposes, pending SEC review, to adopt the Reserve Quantity order type instruction.  The Reserve Quantity instruction would enable market participants to specify that a portion of their order be displayed and another portion of their order be non-displayed. The Reserve Quantity instruction will also allow market participants to select between Fixed or Random Replenishment to replenish the displayed portion of the order.
 
MIAX Pearl Equities plans to launch the Reserve Quantity order type instruction, along with the previously announced Minimum Execution Quantity (“MEQ”) order type instruction, in July 2021. The updated Interface Specifications and the MIAX Exchange Group Connectivity Guide were published on March 18th, 2021. An updated version of the Order Type Combinations Guide is available under the MIAX Knowledge Center. MIAX Pearl Equities’ related rule filings are available here: SR-PEARL-2021-07 and SR-PEARL-2021-09

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

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.