Alerts

AdvisorShares New Tech and Media ETF (FNG) will be de-listed from the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange effective today, Monday, October 7, 2019.

All GTC orders resting on the MIAX Options order books in FNG have been canceled.

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

Actuant Corporation (ATU) will have a symbol change to (EPAC) effective for Monday, October 7, 2019.

All GTC orders resting on the MIAX order books in ATU will be canceled at the close of business on Friday, October 4, 2019.

NOTE: EPAC options will trade on Cloud 5 on the MIAX Options Exchange and on Cloud 3 on the MIAX PEARL Options Exchange and the MIAX Emerald Options Exchange.

Additional details about the Actuant Corporation (ATU) 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.
 

The following symbol will transfer primary listing from the Investors Exchange (“IEX”) to the NASDAQ Stock Market (“NASDAQ”) effective Monday, October 7, 2019.  

• Interactive Brokers Group, Inc. (“IBKR”)

For further information, please refer to

• MIAX Options Regulatory Circular 2019-58
• MIAX PEARL Regulatory Circular 2019-33
• MIAX Emerald Regulatory Circular 2019-84

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

Full details can be found in the attached press release.

For further information, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com.

For corporate communications, contact Dominique Prunetti-Miller at (609) 897-1465 or dprunetti@miami-holdings.com. 

MIAX Options has amended Exchange Rule 518, Complex Orders, to state a SPIKES Combo Order may not have a ratio greater than eight contracts in the largest option component to one SPIKES Combination (8:1), which is an increase from the current ratio of 3:1.

In addition, MIAX Options has added definitions to Interpretation and Policy .07 of Rule 518 to codify and further facilitate delta neutral trading hedging for SPIKES options.
 
The changes to Exchange Rule 518 will be implemented on October 8, 2019.
 
Please refer to MIAX Options Regulatory Circular 2019-57 for further details.
 
This enhancement is currently available in MIAX Firm Test Beds #1 and #2 (FTB1 and FTB2).  Please contact MIAX Trading Operations at TradingOperations@MIAXOptions.com or (609) 897-7302 with any questions concerning complex orders or SPIKES options.
 
Regulatory inquiries should be directed to Regulatory@miaxoptions.com or (609) 897-7309.

Equity Commonwealth (EQC) has announced a cash dividend. Associated strike price adjustments will become effective on Friday, October 4, 2019. EQC options will continue to trade without interruption on the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange.

All GTC orders resting on the MIAX order books in EQC will be canceled at the close of business on Thursday, October 3, 2019.

Additional details about the Equity Commonwealth (EQC) stock split are provided in the attached OCC Memo.

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

Altaba Inc. (AABA) will be de-listed from the MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange effective on Friday, October 4, 2019.

All GTC orders resting on the MIAX Options order books in AABA will be canceled at the close of business on Thursday, October 3, 2019.

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

As previously announced in the April 25th Alert, the MIAX Options, MIAX PEARL and MIAX Emerald Exchanges will be participating in the 2019 SIFMA BCP Testing on Saturday, October 26, 2019.  All members that are required to test with MIAX Options, MIAX PEARL & MIAX Emerald Exchanges in accordance with Regulation Systems Compliance and Integrity (Regulation SCI) have been notified.  However, all members with connections in CH4 are encouraged to test.

All Exchange designated Members are required to maintain connection to the MIAX Disaster Recovery (DR) environment for a twelve (12) month period after receiving notification for mandatory testing.

All of the Exchanges will operate out of the Chicago (CH4) Disaster Recovery site for the scheduled test.

Connectivity Testing Preparation
Connectivity testing to the DR environments for each of the MIAX Exchanges will be available:

• Saturday, October 5, 2019, between 8:00AM - 12:00PM EST
• Monday, October 21, 2019 through Friday, October 25, 2019, between 8:00AM - 5:30PM EST

October 26, 2019 Test Day Timeline

• 08:30 - Firms can connect to the Trading Systems and enter Orders and Quotes
• 09:15 - Live Quote Window will open
• 09:30 - Opening
• 13:00 - Closing

MIAX, PEARL & Emerald Options Exchanges 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 Exchange:
  • 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 Options Exchange:
  • Send at least one, two-sided order in any of the options listed below
  • Receive at least one execution in any of the options listed below
• MIAX Emerald Options Exchange:
  • 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

Options

1. AAPL -  JAN 17 20 – C - 205.00
2. AAPL - JAN 17 20 – P - 205.00
3. BAC - NOV 15 19 - C - 30.00
4. BAC - NOV 15 19 - P - 30.00
5. GE - JAN 17 20 - C - 10.00
6. GE - JAN 17 20 - P - 10.00
7. MSFT - JUN 19 20 - C - 65.00
8. MSFT - JUN 19 20 - P - 65.00
9. SPY - DEC 20 19 - C - 290.00
10. SPY - DEC 20 19 - P - 290.00

Business Continuity and Disaster Recovery Plans Testing Member Designation Standards

• MIAX Options Exchange  MIAX_Options_RC_2017_60
• MIAX PEARL Options Exchange MIAX_PEARL_RC_2017_66
• MIAX Emerald Options Exchange  MIAX_Emerald_RC_2019_15

For test day support, to coordinate participation or to arrange connectivity testing, please contact MIAX Trading Operations at TradingOperations@MIAXOptions.com or (609) 897-7302.

Full details can be found in the attached press release.

For further information, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com.

For corporate communications, contact Dominique Prunetti-Miller at (609) 897-1465 or dprunetti@miami-holdings.com. 

The following option classes will be included in the MIAX Penny Pilot Program at the start of trading on Wednesday, October 2, 2019:

• Beyond Meat, Inc. (BYND)
• Lyft, Inc. (LYFT)

As part of the MIAX Penny Pilot 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.