Alerts

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MIAX Options and MIAX PEARL Listing Alert: Rex Energy Corporation (REXX) made Non-Tradable

Rex Energy Corporation (REXX) will no longer be available for trading on the MIAX Options and MIAX PEARL Exchanges effective for today, Thursday, April 12, 2018.

All GTC orders will be canceled.

Please contact MIAX Options Listings with any questions at Listings@MIAXOptions.com or (609) 897-7308.

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MIAX Options and MIAX PEARL Delisting Alert: Monsanto Company (MON)

Monsanto Company (MON) will be de-listed from the MIAX Options and MIAX PEARL Exchanges effective on Thursday, April 12, 2018.

All GTC orders resting on the MIAX order books in MON will be canceled at the close of business on Wednesday, April 11, 2018.

Please contact MIAX Options Listings with any questions at Listings@MIAXOptions.com or (609) 897-7308.

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MIAX Options & MIAX PEARL - Update of Functionality & Mandatory Usage of Member Firm Portal for Manual Symbol Assignments

As previously announced in the February 2, 2018 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 scheduled for May 1, 2018, but is now postponed, 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
    • Firms now have the ability to update same day Clearing Give-Up changes within a Firm's valid MPID range.
    • 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
    • Firms now have the ability to update same day Clearing Give-Up changes within a Firm's valid MPID range.
    • 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@MIAXOptions.com or (609) 897-7302.

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

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MIAX Options and MIAX PEARL Corporate Action Alert: Sibanye-Stillwater (SBGL)

Sibanye-Stillwater (SBGL) has announced a dividend effective for Thursday, April 12, 2018.  On that date, the current SBGL option class will change to SBGL2. The MIAX Options and MIAX PEARL Exchanges will not list SBGL2 options. Therefore, no options on SBGL will be available for trading on the MIAX Options and MIAX PEARL Exchanges on Thursday, April 12, 2018. Sibanye-Stillwater (SBGL) will resume trading on the MIAX Options and MIAX PEARL Exchanges on Friday, April 13, 2018.

All GTC orders resting on the MIAX order books in SBGL will be canceled at the close of business on Wednesday, April 11, 2018.

Additional details about the Sibanye-Stillwater (SBGL) dividend are provided in the attached OCC Memo.

Please contact MIAX Options Listings with any questions at Listings@MIAXOptions.com or (609) 897-7308.

SBGL dividend 42756

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MIAX Options and MIAX PEARL Delisting Alert: iPath Commodity ETNs

The following ETNs will be de-listed from the MIAX Options and MIAX PEARL Exchanges effective on Thursday, April 12, 2018:
  • iPath  Bloomberg Copper Subindex Total ReturnSM ETN (JJC)
  • iPath Bloomberg Grains Subindex Total ReturnSM ETN (JJG)
  • iPath Bloomberg Coffee Subindex Total ReturnSM ETN (JO)
  • iPath Series S&P GSCI Crude Oil subindex TR ETN (OIL)
  • iPath Bloomberg Sugar Subindex Total ReturnSM ETN (SGG)
All GTC orders resting on the MIAX order books in the above ETNs will be canceled at the close of business on Wednesday, April 11, 2018.

Please contact MIAX Options Listings with any questions at Listings@MIAXOptions.com or (609) 897-7308.

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MIAX Options - Market for Underlying Security Used for Openings for Newly Listed Option Class SPOT Effective Monday, April 9, 2018

MIAX Options Regulatory Circular 2018-22 identifies the newly listed option class Spotify Technology S.A. (SPOT) that will start trading on MIAX Options beginning Monday, April 9, 2018, and, as set forth in MIAX Options Rule 503(d), MIAX Options shall use the New York Stock Exchange (NYSE) as the “market for the underlying security” for purposes of Openings on the Exchange.

Please direct any regulatory questions to Regulatory@MIAXOptions.com or (609) 897-7309.

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MIAX Options Listing Alert: Spotify Technology S.A. (SPOT)

The option class listed below will begin trading on the MIAX Options Exchange on Monday, April 9, 2018.
  • Spotify Technology S.A. (SPOT)
MIAX Options Market Makers can use the Member Firm Portal (MFP) to manage their option class assignments.  All 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.
Additional details are provided in the attached PDF and on the Exchange's website.

Please contact MIAX Listings with any questions at Listings@MIAXOptions.com or (609) 897-7308.
 

MIAX Listing Alert New Class Listing SPOT

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MIAX Exchange Group Reports March 2018 Trading Activity; MIAX Files Petitions with USPTO to Invalidate Seven Nasdaq Patents

Full details can be found in the attached news release.

For further information, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com.

For corporate communications, contact Dominique Prunetti-Miller at (609) 897-1465 or dprunetti@miami-holdings.com

MIAX News Release 04042018

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MIAX Options & MIAX PEARL - Reg SCI / SIFMA BCP Test Plan - October 13, 2018

The MIAX Exchanges will be participating in the 2018 SIFMA BCP Testing on Saturday, October 13, 2018.  All members that are required to test with MIAX Options and/or MIAX PEARL Exchanges in accordance with Regulation Systems Compliance and Integrity (Regulation SCI) have been notified, however, all members are encouraged to test.

MIAX will operate out of its disaster recovery site in Chicago (CH4).

Connectivity Testing Preparation
Telnet testing to the MIAX DR environments will be available beginning Monday, October 1, 2018.

Test Day Timeline:
  • 08:30 - Firms can connect to the MIAX Trading Systems, Order and Quote acceptance
  • 09:25 - Live Quote Window will open
  • 09:30 - Opening
  • 13:00 - Closing
MIAX Options Exchange & MIAX PEARL Exchange BCP Testing Requirements
Members mandated to participate in accordance with Regulation SCI are obligated, at a minimum, to demonstrate the following:

Electronic Exchange Members (EEM)
  • Send at least two orders in any of the options listed below
  • Receive at least one execution in any of the options listed below
Market Makers (MM)
  • MIAX Options:
    • Send at least one, two-sided quote in any of the options listed below
    • Receive at least one execution in any of the options listed below
  • MIAX PEARL:
    • Send at least one, two-sided binary order in any of the options listed below
    • Receive at least one execution in any of the options listed below
Options
  1. AAPL -  NOV 16 18 – C - 145.00
  2. AAPL - NOV 16 18 – P - 145.00
  3. BAC - NOV 16 18 - C - 19.00
  4. BAC - NOV 16 18 - P - 19.00
  5. GE - JAN 18 19 - C - 25.00
  6. GE - JAN 18 19 - P - 25.00
  7. MSFT - OCT 19 18 - C - 65.00
  8. MSFT - OCT 19 18 - P - 65.00
  9. SPY - DEC 21 18 - C - 50.00
  10. SPY - DEC 21 18 - P - 50.00
Business Continuity and Disaster Recovery Plans Testing Member Designation Standards
For test day support, to coordinate participation or to arrange connectivity testing, please contact MIAX Trading Operations at TradingOperations@MIAXOptions.com or (609) 897-7302.
 

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