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The Exchange anticipates implementing an equity rights program pursuant to which units representing the right to acquire equity in the Exchange’s parent holding company, Miami International Holdings would be issued to a participating Member in exchange for a cash payment and the achievement of certain volume thresholds on the Exchange over a 23 month period. The Exchange plans on commencing the measurement period for the volume thresholds on September 3, 2013. The implementation of the program, which is open to all eligible Members of the Exchange, is subject to review by the Securities and Exchange Commission and the publishing of a Form 19b-4 filing for notice and comment. See Regulatory Circular 2013-52 for additional information.
