New ISO PRIME Order Type

Discussion in 'Options' started by ajacobson, Oct 28, 2020.

  1. ajacobson

    ajacobson

    OCTOBER 28, 2020 - 03:22 PM EDT
    New ISO PRIME Order Type


    MIAX Options will implement a new ISO PRIME order type that allows a Member to submit a PRIME Order without regard for better priced Protected Bids or Protected Offers when the Member simultaneously routes ISOs to execute against the full displayed size of any better-priced Protected Bid or Protected Offer and sweeps all interest in the Exchange’s Book priced better than the proposed Auction starting price.

    MIAX Options will implement the ISO PRIME order type on January 11, 2021.

    Please refer to MIAX Options Regulatory Circular 2020-63 for more information.

    Contact MIAX Trading Operations at TradingOperations@MIAXOptions.com or (609) 897-7302 with any questions about ISO PRIME orders.

    Regulatory inquiries should be directed to Regulatory@MIAXOptions.com or (609) 897-7309.
     
    qlai likes this.