MIAX Options Exchange Penny Pilot Classes For Option Classes To Start Trading On March 11, 2013

This Regulatory Circular replaces the previously released Regulatory Circular 2013-10 from March 6, 2013.

MIAX Regulatory Circular 2013-10 identifies options classes to start trading on March 11, 2013 to be included in the MIAX Penny Pilot Program.

As part of the MIAX Penny Pilot Program select options may trade in $.01 increments when priced below $3.00. Options priced at $3.00 and above will trade in $.05 increments.