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Interface Specifications

MIAX Pearl Equities

The MIAX Pearl Equities™ trading platform is built to meet the high performance order processing demands unique to the U.S. Equities trading industry. In addition to providing high throughput, ultra-low latency access and best in class wire-order determinism, our interface solutions facilitate well defined and easy to implement industry-accepted approaches to integration with the trading platform. Support is provided by a knowledgeable staff to assist firms with the on-boarding process, certification or re-certification in the firm test bed environment or to answer questions in the production environment.

Liquidity Provider Interface Specifications

FIX ORDER INTERFACE (FOI) GATEWAY

The MIAX Pearl Equities high speed FIX Order Interface gateway conveniently routes orders to our trading engines through a common entry point to our trading platform.


FIX ORDER DROP (FXD)

The MIAX Pearl Equities FIX Drop is a messaging interface that provides real-time order updates and trade information corresponding to a firm’s orders.

FIX Order Interface v2.2c
VIEW DOCUMENT
MIAX EXPRESS ORDERS (MEO)

The MIAX Express Order interface provides a feature rich binary order interface that provides exceptional determinism, throughput and ultra-low latency to our trading engines. The MIAX Pearl Equities MEO interface is also a gateway interface that conveniently routes orders to the trading engines through a common entry point to our trading platform.

MIAX Express Orders v2.3a
VIEW DOCUMENT

Data Feed Interface Specifications

TOP OF MARKET (ToM) FEED

Get the MIAX Pearl Equities BBO and Trade Report market data via our hyper fast Top of Market feed.

Top of Market Feed v1.1a
VIEW DOCUMENT
DEPTH OF MARKET (DOM) FEED

DOM is a high speed real-time feed that publishes all actionable orders, order updates, cancellations and executions; Symbol Update, System State and Security Trading Status messages.

Depth of Market Feed v1.3a
VIEW DOCUMENT

Session Management

TCP SESSION MANAGEMENT AND TRANSMISSION CHARACTERISTICS

The ESesM – TCP specification defines the session management for TCP connections to our Equities market.

ESesM - TCP v1.0.a
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MULTICAST TRANSMISSION CHARACTERISTICS

The MIAX MACH protocol defines the handling of multicast transmissions from our market.

MACH v1.2e
VIEW DOCUMENT

Port Attributes

Order Entry Port Attributes

This specification defines the different attributes that member firms can configure on their FIX Order Interface (FOI) and MIAX Express Orders (MEO) ports.

Order Entry Port Attributes v2.0a
VIEW DOCUMENT

Liquidity Indicator Codes

Order Execution Liquidity Indicator Codes

This specification defines the Liquidity Indicator Codes that will be populated in the order execution messages of MIAX Pearl Equities FIX Order Interface (FOI), FIX Drop and MIAX Express Orders (MEO) Interface.

Liquidity Indicator Codes v2.3
VIEW DOCUMENT

Technical Notes

Exchange Codes
SIP Participant ID H
Market Identifier Code EPRL
Interface Specifications Legal Disclaimer

These specifications are being provided to you strictly for informational purposes solely for the purpose of developing or operating systems for your use that interact with systems of MIAX Options® and MIAX PEARL™ (individually and together, “MIAX” or the “MIAX Exchange”). These specifications are proprietary to MIAX and constitute the intellectual property of MIAX. All title and intellectual property rights in and to the specifications is owned exclusively by MIAX and its parent and affiliates; other than as expressly set forth herein, no license or other rights in or to the specifications and intellectual property rights related thereto are granted to you. MIAX reserves the right to withdraw, modify, or replace the specifications at any time, without notice. No agreement is provided by MIAX regarding the level, scope, or timing of MIAX's implementation of the functions or features discussed in these specifications. THESE SPECIFICATIONS ARE PROVIDED TO YOU "AS IS", "WITH ALL FAULTS" AND MIAX DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS, IMPLIED, STATUTORY OR OTHERWISE TO THE SPECIFICATIONS. MIAX WILL NOT BE LIABLE FOR ANY INCOMPLETENESS OR INACCURACIES. MIAX WILL NOT BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES HOWEVER CAUSED, WHETHER IN CONTRACT, TORT OR UNDER ANY OTHER THEORY OF LIABILITY, RELATING TO THE SPECIFICATIONS OR THEIR USE, EVEN IF IT HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE. It is further agreed by you that, by using these specifications, you agree not to copy, reproduce, or permit access to the information contained in the specifications except to those with a need-to-know for the purposes stated above.

© 2017 Miami International Holdings, Inc. All Rights Reserved.

If you are a new subscriber please notify MIAX Trading Operations by sending the following information in an email to TradingOperations@MIAXOptions.com:

  • Name
  • Title
  • Firm Name
  • Phone Number

By selecting the "I accept" button below, you agree that: (1) you have read the terms stated above; (2) you understand the terms stated above; (3) you intend to form a legally binding agreement by selecting such button; (4) you agree to abide by all the terms of the agreement stated herein, and (5) you are authorized to bind your firm/company.

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