MIAX Options has amended Exchange Rule 519C to allow MIAX Members the option to mass-cancel specific groups of Standard quotes as determined by the Member. The new Selective Liquidity Auto Purge (“SLAP”) functionality will be implemented beginning August 31, 2026.
Please refer to the following Regulatory Circular for more information on SLAP functionality:
For additional information, contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302.
