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Regulatory Alert

MIAX Options

February 02, 2018 | 02:11 PM

MIAX Options & MIAX PEARL - Update of Mandatory Usage of Member Firm Portal for Manual Symbol Assignments: Now May 1, 2018

As previously announced in the November 9, 2017 Alert, the MIAX Exchanges will REQUIRE MIAX Options and MIAX PEARL Market Makers to use the MFP to manage their manual option class assignments for both exchanges, on a mandatory basis.  This was originally scheduled for February 9, 2018, but will now be effective May 1, 2018, pending SEC approval.   

The MIAX Member Firm Portal provides members with the following functionality:

MIAX Options Exchange

  • LMM and RMM Option Class Assignments must be entered prior to 6:00 PM ET on the day immediately preceding the effective date. 
    • All changes made after 6:00 PM ET on a given day will be effective two trading days later.
    • MIAX Options Primary Lead Market Maker (PLMM) assignments and un-assignments will not be supported via the MFP.   The MIAX Options Listings Department will continue to facilitate PLMM solicitation, assignment and un-assignment.
  • Symbol assignment queries
  • Trade queries
  • Applying same-side clearing corrections
    • Requests for price or size changes and trade adjustments or busts will continue to be submitted to MIAX Regulatory for approval and processing
MIAX PEARL Exchange
  • Option Class Assignments must be entered prior to 6:00 PM ET on the day immediately preceding the effective date. 
    • All changes made after 6:00 PM ET on a given day will be effective two trading days later.
    • MIAX PEARL Market Makers may continue to manage PEARL symbol assignments via the MIAX Express Order (MEO) Interface prior to 9:00 AM of the current trading day.
  • Symbol assignment queries
  • Trade queries
  • Applying same-side clearing corrections
    • Requests for price or size changes and trade adjustments or busts will continue to be submitted to MIAX Regulatory for approval and processing
The MIAX Member Firm Portal is an internet-facing portal which provides self-service functions to member firms.  The MFP will be available at all times except during announced maintenance windows. Individuals requesting Member Firm Portal access must be authorized to act on behalf of their organization.

For further information and to request access to the Member Firm Portal, please contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302.

Regulatory questions should be directed to the Regulatory Department at (609) 897-7309 or Regulatory@miaxglobal.com.