MIAX Regulatory: Approved Rule—CBOE Margin Rule 12.3

The Chicago Board Options Exchange (“CBOE”) has received approval to extend the Credit Option Margin Pilot Program through July 18, 2018 described in CBOE Rule 12.3, Margin Requirements.

MIAX Options Rule 1502 provides that a Member must elect to be bound by the initial and maintenance margin requirements of either the CBOE or the New York Stock Exchange (“NYSE”). MIAX Options is required to inform its Members of approved rule changes to either CBOE’s or NYSE’s margin rules published by the Securities and Exchange Commission.

Please refer to MIAX Options Regulatory Circular 2017-34 for further details.

Questions should be directed to the Regulatory Department at (609) 897-7309 or Regulatory@MIAXOptions.com.