Alerts

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MIAX Options and MIAX PEARL Delisting Alert: RSP Permian, Inc. (RSPP)

RSP Permian, Inc. (RSPP) was de-listed from the MIAX Options and MIAX PEARL Exchanges effective today,Thursday, July 19, 2018.

All GTC orders resting on the MIAX order books in RSPP have been 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: Validus Holdings, Ltd. (VR)

Validus Holdings, Ltd. (VR) will be de-listed from the MIAX Options and MIAX PEARL Exchanges effective on Thursday, July 19, 2018.

All GTC orders resting on the MIAX order books in VR will be canceled at the close of business on Wednesday, July 18, 2018.

Details about the Validus Holdings, Ltd. (VR) merger are provided in the attached OCC memo.

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

VR Merger 43376

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MIAX Options - Identified and Resolved a Potential Quote Mitigation Issue

Please be advised that MIAX Options has identified and resolved a technical issue related to quote mitigation behavior that had the potential to cause the display of a stale MIAX Options Best Bid or Offer (MBBO) for a brief period of time.

The issue was addressed in a hotfix release on July 10, 2018.

All of the following pre-conditions must have existed for the issue to occur:
  • More than one internal (non-published) MBBO update occurs inside a single transaction
  • At least one reportable MBBO update is generated but is not the last update in the transaction
  • The last internal MBBO update is a mitigated size increase from the previously posted MBBO
Upon completion of the transaction under these conditions, the aggregate effect of the update was erroneously mitigated until the next MBBO update. 

MIAX Options' investigation of this issue showed that approximately 0.0000008% of published MBBO's were impacted (1,900 erroneously disseminated quotations of 228 billion published MBBO's over a six-month sample period from January 2, 2018 - June 30, 2018). There were a total of 140 attempts to interact with 65 of the 1,900 erroneously disseminated quotations that did not result in a firm quote execution during the review period.  The average duration of the erroneous MBBO quotations over the review period was 0.07 seconds.  The median duration was .005 seconds.

If you have any questions please contact Trading Operations at (609) 897-7302 or TradingOperations@MIAXOptions.com.

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

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MIAX Options and MIAX PEARL Delisting Alert: Boardwalk Pipeline Partners, LP (BWP)

Boardwalk Pipeline Partners, LP (BWP) will be de-listed from the MIAX Options and MIAX PEARL Exchanges effective on Wednesday, July 18, 2018.

All GTC orders resting on the MIAX order books in BWP will be canceled at the close of business on Tuesday, July 17, 2018.

Details about the Boardwalk Pipeline Partners, LP (BWP) merger are provided in the attached OCC memo.

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

BWP Merger 43355

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MIAX Options and MIAX PEARL Delisting Alert: JA Solar Holdings Co., Ltd. (JASO)

JA Solar Holdings Co., Ltd. (JASO) will be de-listed from the MIAX Options and MIAX PEARL Exchanges effective on Tuesday, July 17, 2018.

All GTC orders resting on the MIAX order books in JASO will be canceled at the close of business on Monday, July 16, 2018.

Details about the JA Solar Holdings Co., Ltd. (JASO) merger are provided in the attached OCC memo.

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

JASO Merger 43368

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MIAX Options and MIAX PEARL Delisting Alert: Spectrum Brands Holdings, Inc. (SPB)

Spectrum Brands Holdings, Inc. (SPB) will be de-listed from the MIAX Options and MIAX PEARL Exchanges effective on Monday, July 16, 2018.

All GTC orders resting on the MIAX order books in SPB will be canceled at the close of business on Friday, July 13, 2018.

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 Corporate Action Alert: HRG Group, Inc. (HRG) name and symbol change to Spectrum Brands Holdings, Inc. (SPB)

HRG Group, Inc. (HRG) will have a name and symbol change to Spectrum Brands Holdings, Inc. (SPB), effective for Monday, July 16, 2018.
 
All GTC orders resting on the MIAX order books in HRG will be canceled at the close of business on Friday, July 13, 2018.

NOTE: SPB options will trade on Cloud 16 on MIAX Options and on Cloud 8 on MIAX PEARL.

Additional details about the HRG Group, Inc. (HRG) merger, name and symbol change are provided in the attached OCC Memo.

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

HRG Merger 43363

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MIAX Options and MIAX PEARL Corporate Action Alert: Bank of the Ozarks (OZRK) name and symbol change to Bank OZK (OZK)

Bank of the Ozarks (OZRK) will have a name and symbol change to Bank OZK (OZK), effective for Monday, July 16, 2018.
 
All GTC orders resting on the MIAX order books in OZRK will be canceled at the close of business on Friday, July 13, 2018.

NOTE: OZK options will trade on Cloud 14 on MIAX Options and on Cloud 7 on MIAX PEARL.

Additional details about the Bank of the Ozarks (OZRK) name and symbol change are provided in the attached OCC Memo.

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

OZRK Symbol Name 43362

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MIAX Options and MIAX PEARL Corporate Action Alert: Valeant Pharmaceuticals International, Inc. (VRX) name and symbol change to Bausch Health Companies Inc. (BHC)

Valeant Pharmaceuticals International, Inc. (VRX) will have a name and symbol change to Bausch Health Companies Inc. (BHC), effective for Monday, July 16, 2018.
 
All GTC orders resting on the MIAX order books in VRX will be canceled at the close of business on Friday, July 13, 2018.

NOTE: BHC options will trade on Cloud 2 on MIAX Options and MIAX PEARL.

Additional details about the Valeant Pharmaceuticals International, Inc. (VRX) name and symbol change are provided in the attached OCC Memo.

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

VRX Symbol Name 43359

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MIAX Options - Market for Underlying Security Used for Openings for Newly Listed Option Class BJ Effective Friday, July 13, 2018

MIAX Options Regulatory Circular 2018-32 identifies the newly listed option class BJ’s Wholesale Club Holdings, Inc. (BJ) that will start trading on MIAX Options beginning Friday, July 13, 2018, and, as set forth in MIAX Options Rule 503(d), MIAX Options shall use 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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