MIAX Options Exchange: Amendments To MIAX Options Rule 515A - PRIME

MIAX Options has filed with the Securities and Exchange Commission to make the MIAX Options PRIME pilot program permanent. 

In addition, MIAX Options is proposing to adopt new Rule 515A(a)(1)(iii) to state that, with respect to Agency Orders that have a size of less than fifty (50) contracts, if at the time of receipt of the Agency Order, the NBBO has a bid/ask differential of $0.01, the MIAX Options System will reject the Agency Order.

Please refer to MIAX Options Regulatory Circular 2017-03 for further details.