MIAX Options User's Manual
The MIAX Options User’s Manual serves as an introduction to the Exchange and contains answers to many of the frequently asked questions about MIAX Options. In the User’s Manual, readers will find information relating to membership, system architecture, available data feeds and reports, trade allocation, billing and fees, various trading protections, Exchange hours and many other topics. The User’s Manual also contains links and references to various rules, fees and System settings.
MIAX Options Risk Management Market Protections Overview
MIAX Options Risk Management Protections provides members with industry-leading processes to reduce risk exposure in the options marketplace. MIAX Options provides the flexibility for all members to establish risk parameters specific to each member’s risk tolerance. The MIAX Options Risk Management Market Protections Overview details the currently available protections offered by MIAX Options.
MIAX Options Risk Protection Mechanism – MIAX RPM™
The MIAX Options Risk Protection Monitor (MIAX RPM) improves Members’ collective capacity to identify, assess, and supervise operational risk against their defined risk thresholds.
MIAX Options Complex Order System
The MIAX Options Complex Order System will enable market participants to access MIAX Options’ efficient, liquid and fully electronic order books. The MIAX Options Complex Order System increases the probability of execution, provides spread price protection and the potential for price improvement while leveraging the industry’s fastest and most reliable options exchange technology platform.
MIAX Price Improvement Mechanism – MIAX PRIME®
MIAX PRIME provides a fully electronic price improvement auction open to all members, providing Agency Orders an opportunity to receive better execution prices. PRIME will accept PRIME Orders priced at the NBBO or better for any size.