MIAX Options® User Manual
The MIAX Options User Manual serves as an introduction to the Exchange and contains answers to many of the frequently asked questions about MIAX Options. The User Manual provides information relating to membership, system architecture, available data feeds and reports, trade allocation, billing and fees, trading protections, Exchange hours and other topics. The User Manual also contains links and references to various rules, fees and System settings.
MIAX Exchange Group Market Protections
MIAX Exchange Group Market Protections provide members with industry-leading processes to reduce risk exposure in the options marketplace. MIAX Options provides the flexibility for all members to establish risk parameters specific to each member’s risk tolerance. The MIAX Exchange Group Market Protections Overview details the currently available protections offered by MIAX Options.
MIAX Options Risk Protection Monitor – MIAX RPM™
The MIAX Options Risk Protection Monitor (MIAX RPM) improves Members’ collective capacity to identify, assess, and supervise operational risk against their defined risk thresholds.
MIAX Price Improvement Mechanism – MIAX PRIME®
MIAX PRIME provides a fully electronic price improvement auction open to all members, providing Agency Orders an opportunity to receive better execution prices. PRIME will accept PRIME Orders priced at the NBBO or better for any size.