MIAX Options - Enhanced Risk Protections For MIAX Market Makers Optional Reset On Quote - Available September 1, 2015

MIAX has filed to amend Rule 612, Aggregate Risk Manager (“ARM”) to make optional the Reset on Quote functionality included in the MIAX ARM.

The new rule specifically defines and names Reset on Quote (“ROQ”), and provides a means for MIAX Market Makers to more precisely tailor their risk management by opting out of the ARM Reset on Quote functionality if they so choose.

Please refer to the MIAX Regulatory Circular, MIAX_RC_2015_41, for further details.

The MIAX Options Rules are posted on the MIAX website at miaxoptions.com/regulatory.