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Regulatory Alert

MIAX Options

April 04, 2018 | 11:23 AM

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@miaxglobal.com or (609) 897-7302.