Technical Alert
MIAX Options
May 05, 2014 | 10:09 AM
MIAX Options Interface Specification (FOI, MEI & CTD) Updates to support MIAX Price Improvement Mechanism (PRIME)
The MIAX Options Exchange has just released updated Interface Specifications for the MIAX FIX Order Interface (FOI), MIAX Express Interface (MEI) and Clearing Trade Drop (CTD) to support the MIAX Price Improvement Mechanism (“PRIME”). PRIME (tm) is a process by which a Member may electronically submit an order for execution (“Auction”) that it represents as agent (“Agency Order”) against principal interest, and/or an Agency Order against solicited interest. The deployment of PRIME will be announced in a future Alert.
The attached document provides additional information summarizing the upcoming changes to the specifications.
Important Dates:
- On or about May 19, 2014 – Interface updates will be supported and available for testing in the MIAX Firm Test Bed #2 (FTB2) environment.
- The PRIME functionality is targeted for a July activation.
MIAX Options Trading Interface Specifications are located at interface-specifications.
The MIAX Rulebook is located at regulatory
Please contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302 to discuss any specific issues and to arrange interface testing.