U.S. Equities

As previously announced in a February 7, 2020 Alert, MIAX PEARL Equities (EPRL) published interface specifications in anticipation of a launch on September 25, 2020, pending SEC approval.  

Updated MIAX PEARL Equities Exchange interface specifications are available for the following:

• FIX Order Interface (FOI) – v1.3
  • Updated the ContraBroker (tag# 375) code in Execution Report for NASDAQ to “XNAS”
  • Added a note for Execution Report about reduction in order quantity due to self-trade protection
• MIAX Express Orders (MEO) – v1.3
  • Cleaned up reason codes for Cancel Order Response message
  • Added a clarification that consecutive Order Price Update Notification messages may be received with the same Working Price for the same order
• Depth of Market Feed (DOM) – v1.2
  • Added a Symbol Clear message
  • Minor clarification in the Order Execution message noting that if a trade execution is reported with an Order Execution message, no other message will be published to indicate the resulting size reduction for the order

Please review the updated EPRL Interface Specifications and the MIAX Exchange Group Connectivity Guide for further details.

Important Dates:

• Connectivity requests are now being accepted by TradingOperations@MIAXEquities.com
• Access to the EPRL Firm Test Bed will be available on July 6, 2020
• Industry Mock Trading is scheduled as follows:
  • Saturday, August 15, 2020
  • Saturday, August 29, 2020
  • Saturday, September 19, 2020

MIAX PEARL Equities Exchange Codes:

• Bloomberg:  VP
• Blue sheet – Exchange Code:  8
• Blue sheet – Requestor Code:  7
• CAT Destination Code:  PEARLEQ
• CAT Market Center ID:  H
• CAT Related Market Center ID:  S
• CAT Participant Code:  PEARLEQ
• ECAT Code: S 
• FINRA Short Interest Reporting Code:  Y
• MIC Code:  EPRL
• OATS Destination Code:  XH
• OATS Market Center ID:  H
• SIP Code: H
• Thomson One Exchange Code:  NP
• UTC Market Code: TBD by DTCC

All updates will be provided through future Alerts.

Resources:

• Membership paperwork is currently being accepted, visit Membership Forms and Onboarding
• The EPRL User's Manual and Fact Sheet are now available on our website under PEARL Equities Exchange Functionality
• EPRL Rule Filings are available at PEARL Equities Rule Filings
• To add MIAX PEARL Equities Alerts, visit MIAX Email Subscriptions

For further information, please contact MIAX Trading Operations at TradingOperations@MIAXEquities.com or (609) 897-7302.

Regulatory inquiries should be directed to Regulatory@MIAXEquities.com or (609) 897-7309.

To learn more about PEARL Equities please contact Sales@MIAXEquities.com, (609) 897-8177 or visit MIAXEquities.com.