Listing Alert
MIAX Options
April 28, 2017 | 11:02 AM
MIAX Corporate Action Alert: Direxion Shares (RUSS) and (SOXS)
Direxion Daily Russia Bear 3X Shares (RUSS) and Direxion Daily Semiconductor Bear 3X Shares (SOXS) have announced reverse stock splits. The reverse stock splits will become effective on Monday, May 1, 2017. On that date, the current RUSS and SOXS option classes will change to RUSS1 and SOXS1. The MIAX Options Exchange will not list RUSS1 and SOXS1 options. Therefore, no options on RUSS and SOXS will be available for trading on Monday, May 1, 2017. Direxion Daily Russia Bear 3X Shares (RUSS) and Direxion Daily Semiconductor Bear 3X Shares (SOXS) will resume trading on the MIAX Options Exchange on Tuesday, May 2, 2017.
All GTC orders resting on the MIAX order book in RUSS and SOXS will be canceled at the close of business on Friday, April 28, 2017.
Additional details about the Direxion Daily Russia Bear 3X Shares (RUSS) and Direxion Daily Semiconductor Bear 3X Shares (SOXS) reverse stock splits are provided in the attached OCC Memos.
Please contact MIAX Options Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.