Regulatory Alert

MIAX Pearl Equities

June 16, 2021 | 10:01 AM

MIAX Pearl Equities - Rollout Schedule for Revised Odd Lot Order Handling

Beginning Monday, June 21, 2021, MIAX Pearl Equities will no longer process odd lot sized orders differently than orders that are a round lot or greater in size according to the below rollout schedule.  As a result, odd lot sized orders would be handled in the same manner as orders of a round lot size or higher, and if they are designated displayed, they would stand their ground if locked or crossed by the PBBO.  MIAX Pearl Equities’ related rule filing is available here: SR-PEARL-2020-28
 
Rollout Schedule

  • June 21, 2021: Symbols starting with letters Y and Z (Match Engine 23) 
  • June 22, 2021: Symbols starting with the letters A-M (Match Engines 1-11) 
  • June 23, 2021: All remaining symbols (Match Engines 12-22 and 24)

Please review the MIAX Knowledge Center and Interface Specifications for further details.

For questions and to arrange testing, 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.