Market Maker Requirements
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Market Maker Minimum Quote Size Requirements
Pursuant to MIAX Options Rule 604(b)(2), MIAX Options has determined on a class-by-class basis the minimum initial size of a Market Maker incoming Standard Quote to be at least ten (10) contracts as stated in MIAX Regulatory Circular 2012-04. The document below identifies MIAX Options listed classes with a Market Maker Standard Quote minimum size other than ten (10) contracts.
Market Maker Requirements
Pursuant to MIAX Options Rules 603, 604 and 605, MIAX Options has established minimum requirements for Market Maker quoting and trading in assigned classes. The document below is a summary of MIAX Options Market Maker requirements currently in effect at the exchange.
Market Maker Quote Width Requirements
Pursuant to MIAX Options Rule 603(b)(4)(i), MIAX Options has determined on a class-by-class basis the maximum valid quote width for options during and following the opening rotation to be five (5) dollars. The documents below identify MIAX Options listed classes with a maximum quote width greater than five (5) dollars wide during and following the opening rotation in the equity option.