MIAX Options® Interface Specifications
The MIAX Options trading platform is built to meet the high-performance quoting demands unique to the U.S. options trading industry. In addition to providing exceptional throughput, low latency access and 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 onboarding process, certification or recertification in the firm test bed environment or to answer questions in the production environment.
FIX ORDER INTERFACE (FOI) GATEWAY
The MIAX high-speed FIX Order Interface gateway conveniently routes orders to our trading engines through a common entry point to our trading platform.
FIX Order Interface v2.6c - Current Production
MIAX FIX DROP (FXD)
The MIAX FIX Drop is a messaging interface that provides real-time trade information corresponding to a firm’s orders.
FIX Drop Copy (FXD) v2.6b - Current Production
MIAX EXPRESS INTERFACE (MEI)
Make markets with our feature-rich interface that provides exceptional throughput and ultra-low latency to our execution engines.
MIAX Express Interface v2.10 - Current Production
CLEARING TRADE DROP (CTD)
The MIAX Clearing Trade Drop provides real-time clearing trade content to firms with the same ultra-low latency technology provided throughout our trading platform.
TOP OF MARKET (TOM) FEED
Get the MIAX BBO and Trade Report market data via our hyper fast Top of Market feed.
Top of Market (ToM) v2.5 - Current Production
ADMINISTRATIVE INFORMATION SUBSCRIBER (AIS) FEED
The AIS Feed provides timely delivery of important notification messages such as Series Update, System State and Liquidity Seeking Events.
Administrative Information Subscriber Feed v2.5 - Current Production
MIAX ORDER (MOR) FEED
MOR is a high-speed, real-time feed that publishes all actionable orders in addition to Series Update, System State and Underlying Trading Status messages.
MIAX Order Feed v2.5b - Current Production
MIAX PRODUCT FEED (MPF)
MPF is a data feed that provides subscribers with Underlying values and Settlement values for MIAX proprietary products.
COMPLEX TOP OF MARKET (CTOM) FEED
The Complex Top of Market (cToM) provides subscribers with the current Complex MBBO (cMBBO) and Strategy Last Sale prices for all active Strategies using MIAX’s high-speed technology platform.
TCP SESSION MANAGEMENT AND TRANSMISSION CHARACTERISTICS
The SesM – TCP specification defines the session management for TCP connections to our market.
MULTICAST TRANSMISSION CHARACTERISTICS
The MIAX MACH protocol defines the handling of multicast transmissions from our market.
| Exchange Codes | |
|---|---|
| OPRA Participant ID | M |
| OCC SOSA Code | M |
| OPRA Participant ID Abbreviation | MIAX |
| Market Identifier Code (MIC) | XMIO |
MIAX Pearl® Options Interface Specifications
The MIAX Pearl trading platform is built to meet the high-performance order processing demands unique to the U.S. options trading industry. In addition to providing exceptional throughput, low latency access and 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 onboarding process, certification or recertification in the firm test bed environment or to answer questions in the production environment.
FIX ORDER INTERFACE (FOI) GATEWAY
The MIAX Pearl high-speed FIX Order Interface gateway conveniently routes orders to our trading engines through a common entry point to our trading platform.
FIX Order Interface v1.1d - Current Production
FIX Order Interface v1.1e - Upcoming: Added support for MIAX Sapphire Options
PEARL FIX DROP (FXD)
The MIAX Pearl FIX Drop is a messaging interface that provides real-time trade information corresponding to a firm’s orders.
FIX Drop Copy (FXD) v1.1b - Current Production
FIX Drop Copy (FXD) v1.1c - Upcoming: Added support for MIAX Sapphire Options
MIAX EXPRESS ORDER (MEO)
The MIAX Express Order interface is a feature-rich binary order interface that provides exceptional determinism, throughput and ultra-low latency to our execution engines.
MIAX Express Orders v2.0d - Current Production
MIAX Express Orders v2.1 - Upcoming: New cancel reason in Cancel Notification
CLEARING TRADE DROP (CTD)
The MIAX Pearl Clearing Trade Drop provides real-time clearing trade content to firms with the same ultra-low latency technology provided throughout our trading platform.
Clearing Trade Drop (CTD) v1.2c - Current Production
Clearing Trade Drop (CTD) v1.2d - Upcoming: Added support for MIAX Sapphire Options
TOP OF MARKET (TOM) FEED
Get the Pearl BBO and Trade Report market data via our hyper fast Top of Market feed.
Top of Market (ToM) v1.2 - Current Production
PEARL LIQUIDITY FEED (PLF)
The Pearl Liquidity Feed is a high-speed, real-time feed that publishes all actionable orders in addition to Series Update, System State and Underlying Trading Status messages.
TCP SESSION MANAGEMENT AND TRANSMISSION CHARACTERISTICS
The SesM – TCP specification defines the session management for TCP connections to our market.
SesM - TCP v1.1e - Clarification of gap-fill mechanism
MULTICAST TRANSMISSION CHARACTERISTICS
The MIAX MACH protocol defines the handling of multicast transmissions from our market.
| Exchange Codes | |
|---|---|
| OPRA Participant ID | P |
| OCC SOSA Code | R |
| OPRA Participant ID Abbreviation | PEARL |
| Market Identifier Code (MIC) | MPRL |
MIAX Emerald® Options Interface Specifications
The MIAX Emerald trading platform is built to meet the high-performance quoting demands unique to the U.S. options trading industry. In addition to providing exceptional throughput, low latency access and 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 onboarding process, certification or recertification in the firm test bed environment or to answer questions in the production environment.
FIX ORDER INTERFACE (FOI) GATEWAY
The MIAX Emerald high-speed FIX Order Interface gateway conveniently routes orders to our trading engines through a common entry point to our trading platform.
FIX Order Interface v1.2b – Current Production Release
MIAX FIX DROP (FXD)
The MIAX Emerald FIX Drop is a messaging interface that provides real-time trade information corresponding to a firm’s orders.
FIX Drop Copy (FXD) v1.2b – Current Production Release
MIAX EXPRESS INTERFACE (MEI)
Make markets with our feature-rich interface that provides exceptional throughput and ultra-low latency to our execution engines.
MIAX Express Interface v2.2 - Current Production Release
CLEARING TRADE DROP (CTD)
The MIAX Emerald Clearing Trade Drop provides real-time clearing trade content to firms with the same ultra-low latency technology provided throughout our trading platform.
TOP OF MARKET (TOM) FEED
Get the MIAX Emerald BBO and Trade Report market data via our hyper fast Top of Market feed.
Top of Market Feed v1.3 - Current Production
ADMINISTRATIVE INFORMATION SUBSCRIBER (AIS) FEED
The AIS Feed provides timely delivery of important notification messages such as Series Update, System State and Liquidity Seeking Events.
Administrative Information Subscriber Feed v1.0a
MIAX ORDER (MOR) FEED
MOR is a high-speed, real-time feed that publishes all actionable orders in addition to Series Update, System State and Underlying Trading Status messages.
COMPLEX TOP OF MARKET (CTOM) FEED
The Complex Top of Market (cToM) provides subscribers with the current Complex EBBO (cEBBO) and Strategy Last Sale prices for all active Strategies using MIAX’s high-speed technology platform.
TCP SESSION MANAGEMENT AND TRANSMISSION CHARACTERISTICS
The SesM – TCP specification defines the session management for TCP connections to our market.
MULTICAST TRANSMISSION CHARACTERISTICS
The MIAX MACH protocol defines the handling of multicast transmissions from our market.
| Exchange Codes | |
|---|---|
| OPRA Participant ID | D |
| OCC SOSA Code | D |
| OPRA Participant ID Abbreviation | EMERALD |
| Market Identifier Code (MIC) | EMLD |
MIAX Sapphire™ Options Interface Specifications
The MIAX Sapphire trading platform is built to meet the high-performance order processing demands unique to the U.S. options trading industry. In addition to providing exceptional throughput, low latency access and 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 onboarding process, certification or recertification in the firm test bed environment or to answer questions in the production environment.
FIX ORDER INTERFACE (FOI) GATEWAY
The MIAX Sapphire high-speed FIX Order Interface gateway conveniently routes orders to our trading engines through a common entry point to our trading platform.
FIX Order Interface (FOI) v1.0a - Upcoming (Electronic Trading) Release
FIX Order Interface (FOI) v2.0 - Future (Floor Trading) Release
MIAX FIX DROP (FXD)
The MIAX Sapphire FIX Drop is a messaging interface that provides real-time trade information corresponding to a firm’s orders.
FIX Drop Copy (FXD) v1.0 - Upcoming (Electronic Trading) Release
FIX Drop Copy (FXD) v2.0 - Future (Floor Trading) Release
MIAX EXPRESS ORDER (MEO)
The MIAX Express Order interface is a feature-rich binary order interface that provides exceptional determinism, throughput and ultra-low latency to our execution engines.
MIAX Express Order (MEO) v1.1c
CLEARING TRADE DROP (CTD)
The MIAX Sapphire Clearing Trade Drop provides real-time clearing trade content to firms with the same ultra-low latency technology provided throughout our trading platform.
Clearing Trade Drop (CTD) v1.1 - Upcoming (Electronic Trading) Release
Clearing Trade Drop (CTD) v2.0 - Future (Floor Trading) Release
TOP OF MARKET (TOM) FEED
Get the MIAX Sapphire BBO and Trade Report market data via our hyper fast Top of Market feed.
SAPPHIRE LIQUIDITY FEED (SLF)
The Sapphire Liquidity Feed is a high-speed, real-time feed that publishes all actionable orders in addition to Series Update, System State and Underlying Trading Status messages.
Sapphire Liquidity Feed (SLF) v1.0
COMPLEX TOP OF MARKET (SBBO) FEED
The Complex Top of Market (cToM) provides subscribers with the current Complex SBBO (cSBBO) and Strategy Last Sale prices for all active Strategies using MIAX’s high-speed technology platform.
TCP SESSION MANAGEMENT AND TRANSMISSION CHARACTERISTICS
The SesM – TCP specification defines the session management for TCP connections to our market.
MULTICAST TRANSMISSION CHARACTERISTICS
The MIAX MACH protocol defines the handling of multicast transmissions from our market.
| Exchange Codes | |
|---|---|
| OPRA Participant ID | S |
| OCC SOSA Code | S |
| OPRA Participant ID Abbreviation | SAPPHIRE |
| Market Identifier Code (MIC) | SPHR |