U.S. Options

The MIAX Options, PEARL Options and Emerald Options Exchanges have published the following updated Interface Specifications in conjunction with the planned OPRA update to reported trade conditions:

MIAX Top of Market (ToM) - Mandatory Change:

• The trade condition ‘I’ has been updated from “reserved for future use” to “Auto” for MIAX Options and PEARL Options
• A note has been added to Appendix A for MIAX Options, PEARL Options and Emerald Options clarifying the usage of the trade conditions

MIAX Clearing Trade Drop (CTD) - Mandatory Change:

• The trade condition ‘I’ has been updated from “reserved for future use” to “Auto” for MIAX Options and PEARL Options
• A note has been added to Appendix A for MIAX Options, PEARL Options and Emerald Options clarifying the usage of the trade conditions

Important Dates:

• The above interface updates will be available in the MIAX Firm Test Bed (FTB2) environment in September 2019
• Production activation of the above changes is scheduled for November 4, 2019 for all exchanges in the MIAX Exchange Group  

Please review the highlighted updated interface specifications for further details:

• MIAX Options Exchange Interface Specifications
• MIAX PEARL Options Exchange Specifications
• MIAX Emerald Options Exchange Specification

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