Alerts

The following options classes will be included in the MIAX Exchange Groups' Penny Interval Program at the start of trading on Tuesday, May 4, 2021:

• Quantumscape Corp (Ticker: QS)
• Roblox Corp (Ticker: RBLX)

As part of the MIAX Exchange Groups' Penny Interval Program, select options will trade in $0.01 increments when priced below $3.00. Options priced at $3.00 and above will trade in $0.05 increments.

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

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As previously announced in the February 17, 2021 Alert, MIAX Options, MIAX Pearl Options and MIAX Emerald Options Exchanges will upgrade the 1G Low Latency (LL) shared extranet switch infrastructure in July, 2021.  All existing 1G LL cross connects must be migrated to the upgraded 1G LL shared extranet switch infrastructure.
 
The timeline is as follows:

• The new 1G LL shared extranet switch infrastructure will be stood up on Monday, May 17, 2021.
• Firms currently using the existing 1G LL shared extranet switch infrastructure can begin the migration to the new 1G LL infrastructure from May 17, 2021 through to July 30, 2021. The existing 1G LL fiber cross connects and the associated configuration will be used to complete the migration to the new 1G LL switch infrastructure (i.e. no new cross connects will be required). All existing 1G LL cross connects must be migrated by July 30, 2021.
• Firms wishing to provision new cross connects in the new 1G LL shared extranet switch infrastructure can submit LOA’s beginning today, May 3, 2021 for cross connect activation for production starting on May 17, 2021

Please contact MIAX Trading Operations at TradingOperations@MIAXOptions.com or (609) 897-7302 to make requests or with any questions.

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Aphria Inc. (APHA) and RigNet, Inc. (RNET) will be de-listed from the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange effective on Monday, May 3, 2021.

All GTC orders resting on the MIAX order books in APHA and RNET will be canceled at the close of business on Friday, April 30, 2021.

Additional details about the Aphria Inc. (APHA) and RigNet, Inc. (RNET) mergers are provided in the attached OCC Memos.

Please contact MIAX Listings with any questions at Listings@MIAXOptions.com or (609) 897-7308.
RNET Merger 48653 APHA Merger 48654

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Companhia Energetica de Minas Gerais - CEMIG (CIG) has announced a dividend effective for Monday, May 3, 2021. On that date, the current CIG option classes will change to CIG1. The MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange will not list VXX1 options. Therefore, no options on CIG will be available for trading on Monday, May 3, 2021. 

Companhia Energetica de Minas Gerais - CEMIG (CIG) will resume trading on the the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange on Tuesday, May 4, 2021.

All GTC orders resting on the MIAX order books in CIG will be canceled at the close of business on Friday, April 30, 2021.

Additional details about the above Companhia Energetica de Minas Gerais - CEMIG (CIG) dividend are provided in the attached OCC Memo.

Please contact MIAX Options Listings with any questions at Listings@MIAXOptions.com or (609) 897-7308. 
CIG Dividend 48652

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Waddell & Reed Financial, Inc. (WDR) will be de-listed from the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange effective on Monday, May 3, 2021.

All GTC orders resting on the MIAX order books in WDR will be canceled at the close of business on Friday, April 30, 2021.

Additional details about the Waddell & Reed Financial, Inc. (WDR) merger are provided in the attached OCC Memo.

Please contact MIAX Listings with any questions at Listings@MIAXOptions.com or (609) 897-7308.
WDR Merger 48651

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Issue Symbol: All Symbols
Multiplier: 2X
Reason: In maintenance of a fair and orderly market.
Time: Opening and Intraday
Subject Summary: Please be advised, effective May 03, 2021 through May 07, 2021, the MIAX Regulation Department has granted 2 times opening and intraday quote parameter relief for all symbols on MIAX Options and MIAX Emerald Options. 

Please note, standard quote width is $5 wide, two (2) times width is $10.  The quote width listed in the following will be two (2) times the listed width.

• https://www.miaxoptions.com/market-maker-requirements
• https://www.miaxoptions.com/market-maker-requirements/emerald

For questions or comments, please contact the Regulation Department at regulatory@miaxoptions.com.
 

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MIAX Options Exchange is implementing a new Component Price Adjustment algorithm for Complex Orders beginning May 6, 2021 to be completed for trading in all products on May 10, 2021.
 
This new Component Price Adjustment algorithm works on the following principles:

• Component Prices will always be within the MIAX BBO (MBBO)
• Component Prices will be optimized, using the mid-point of the National BBO (NBBO) as the starting point

Important dates:

• The new CPA is currently available in Firm Test Bed (FTB2)
• Symbols beginning with Z will be available for trading on Thursday, May 6, 2021
• Symbols beginning with U-Z and Symbols APPL, AMZN, GOOG, GOOGL, SPIKE & SPY will be available for trading on Friday, May 7, 2021
• All remaining symbols will be available in production on Monday, May 10, 2021 

Note, this change does not require any application development updates by member firms.  Please review the MIAX Options Exchange Interface Specifications for further details.

Contact MIAX Trading Operations at TradingOperations@MIAXOptions.com or (609) 897-7302 to discuss any specific issues and to arrange interface testing.

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Mohawk Group Holdings, Inc. (MWK) will have a name and symbol change to Aterian, Inc. (ATER) effective on Friday, April 30, 2021.

All GTC orders resting on the MIAX order books in MWK will be canceled at the close of business on Thursday, April 29, 2021. 

NOTE: ATER options will trade on Cloud 1 on the MIAX Options Exchange, MIAX PEARL Options Exchange and the MIAX Emerald Options Exchange.

Additional details about the Mohawk Group Holdings, Inc. (MWK) 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.
 
MWK Symbol Name 48641

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Glu Mobile Inc. (GLUU) will be de-listed from the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange effective on Friday, April 30, 2021.

All GTC orders resting on the MIAX order books in GLUU will be canceled at the close of business on Thursday, April 29, 2021.

Additional details about the Glu Mobile Inc. (GLUU) merger are provided in the attached OCC Memo.

Please contact MIAX Listings with any questions at Listings@MIAXOptions.com or (609) 897-7308.
GLUU Merger 48638

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Star Peak Energy Transition Corporation (STPK) will have a name and symbol change to Stem, Inc. (STEM) effective on Thursday, April 29, 2021.

All GTC orders resting on the MIAX order books in STPK will be canceled at the close of business on Wednesday, April 28, 2021. 

NOTE: STEM options will trade on Cloud 16 on the MIAX Options Exchange and cloud 8 on the MIAX PEARL Options Exchange and the MIAX Emerald Options Exchange.

Additional details about the Star Peak Energy Transition Corporation (STPK) 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.
 
STPK Symbol Name 48637

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