MIAX Options Trade Hours of Operation
|
TIME - U.S. ET ZONE |
Description |
|---|---|
|
5:00 AM - 6:59 AM |
Start of System Hours Dissemination of Start of Session message and multicast heartbeats over all market data feeds. Dissemination of symbol reference data over all market data feeds and retransmission services. |
|
7:00 AM |
MIAX Express Interface (MEI) Startup Firms can connect to the MIAX Express Interface (MEI) and download products. |
|
7:30 AM |
Firm Interface Startup Time Firms can connect to the FIX Gateway and conduct pre-market order activity. All order activity during this time period WILL affect the live book. Firms can send messages over MEI. All MEI activity during this period, prior to the Live Quote Window (LQW), will be acknowledged for connectivity verification purposes, but WILL NOT affect the live quote state. |
|
9:15 AM |
Live Quote Window (LQW) Start of Quoting. Quotes entered during LQW WILL be used in Opening process. Note, the LQW for SPIKES Settlement Options on SPIKES Settlement Day is 8:30 AM. Therefore, on SPIKES Settlement Day the start of quoting for SPIKES Settlement Options, i.e., only SPY Options in the expiration used to calculate the SPIKES Settlement, will be one hour prior to Open. |
|
9:30 AM - 4:00 PM |
Trading Session for Equity Options (ends at 1:00 pm on early closing days) MIAX stops accepting Orders and Quotes at the end of the Trading Session. |
|
9:30 AM - 4:15 PM |
Trading Session for Select ETF and Index Options (ends at 1:15 pm on early closing days) MIAX stops accepting Orders and Quotes at the end of the Trading Session. |
|
4:25 PM |
End of Order Cancel Acceptance MIAX will stop accepting cancels for orders (ends at 1:25 pm on early closing days). |
|
4:25 PM - 5:00 PM |
Dissemination of Nothing Done Messages (1:25 pm to 2:00 pm on early closing days) Final trade corrections and clearing adjustments. |
MIAX Pearl Options Trade Hours of Operation
|
Time - U.S. ET Zone |
Description |
|---|---|
|
5:00 AM - 6:59 AM |
Start of System Hours Dissemination of Start of Session message and multicast heartbeats over all market data feeds. Dissemination of symbol reference data over all market data feeds and retransmission services. |
|
7:00 AM |
MIAX Express Order Interface Startup Firms can connect to the MIAX Express Order Interface (MEO) and download products. Firms may not send any application messages until the Live Order Window (LOW) opens at 7:30 am. |
|
7:30 AM |
Live Order Window (LOW) Firms can connect to the FIX Gateway and MEO Interface to conduct pre-market order activity. All order activity during this time period WILL affect the live book.
Series Assignments Market Makers can send daily Market Maker Series Assignments. |
|
9:00 AM |
Series Assignments MIAX Pearl stops accepting Market Maker Series Assignments. |
|
9:30 AM - 4:00 PM |
Trading Session for Equity Options (ends at 1:00 pm on early closing days) MIAX Pearl stops accepting Orders and Quotes at the end of the Trading Session. |
|
9:30 AM - 4:15 PM |
Trading Session for Select ETF and Index Options (ends at 1:15 pm on early closing days) MIAX Pearl stops accepting Orders and Quotes at the end of the Trading Session. |
|
4:25 PM |
End of Order Cancel Acceptance MIAX Pearl will stop accepting cancels for orders (ends at 1:25 pm on early closing days). |
|
4:25 PM - 5:00 PM |
Dissemination of Nothing Done Messages (1:25 pm to 2:00 pm on early closing days) Final trade corrections and clearing adjustments. |
MIAX Emerald Options Trade Hours of Operation
|
Time - U.S. ET Zone |
Description |
|---|---|
|
5:00 AM - 6:59 AM |
Start of System Hours Dissemination of Start of Session message and multicast heartbeats over all market data feeds. Dissemination of symbol reference data over all market data feeds and retransmission services. |
|
7:00 AM |
MIAX Express Interface (MEI) Startup Firms can connect to the MIAX Express Interface (MEI) and download products. |
| 7:30 AM |
Firm Interface Startup Time Firms can connect to the FIX Gateway and conduct pre-market order activity. All order activity during this time period WILL affect the live book. Firms can send messages over MEI. All MEI activity during this period, prior to the Live Quote Window (LQW), will be acknowledged for connectivity verification purposes, but WILL NOT affect the live quote state. |
|
9:15 AM |
Live Quote Window (LQW) Start of Quoting. Quotes entered during LQW WILL be used in Opening process. |
|
9:30 AM - 4:00 PM |
Trading Session for Equity Options (ends at 1:00 pm on early closing days) MIAX stops accepting Orders and Quotes at the end of the Trading Session. |
|
9:30 AM - 4:15 PM |
Trading Session for Select ETF and Index Options (ends at 1:15 pm on early closing days) MIAX stops accepting Orders and Quotes at the end of the Trading Session. |
|
4:25 PM |
End of Order Cancel Acceptance MIAX will stop accepting cancels for orders (ends at 1:25 pm on early closing days). |
|
4:25 PM - 5:00 PM |
Dissemination of Nothing Done Messages (1:25 pm to 2:00 pm on early closing days) Final trade corrections and clearing adjustments. |
Holiday Calendar
|
Holiday |
2023 |
2024 |
|---|---|---|
|
New Year’s Day |
Monday, January 2nd (New Year’s holiday observed) |
Monday, January 1st |
|
Martin Luther King Jr. Day |
Monday, January 16th |
Monday, January 15th |
|
Washington’s Birthday |
Monday, February 20th |
Monday, February 19th |
|
Good Friday |
Friday, April 7th |
Friday, March 29th |
|
Memorial Day |
Monday, May 29th |
Monday, May 27th |
|
Juneteenth National Independence Day |
Monday, June 19th |
Wednesday, June 19th |
|
Independence Day |
Monday, July 3rd* |
Wednesday, July 3rd** |
|
Labor Day |
Monday, September 4th |
Monday, September 2nd |
|
Thanksgiving Day |
Thursday, November 23rd |
Thursday, November 28th |
|
Christmas |
Monday, December 25th |
Tuesday, December 24th** |
*2023: Each market will close early at 1:00 pm (1:15 pm for eligible options) on Monday, July 3, 2023 and Friday, November 24, 2023. All times are Eastern Time.
** 2024: Each market will close early at 1:00 pm (1:15 pm for eligible options) on Wednesday, July 3, 2024, Friday, November 29, 2024 and Tuesday, December 24, 2024. All times are Eastern Time.
Have any questions or concerns? Contact Us.