MIAX has received approval to amend Rule 612, Aggregate Risk Manager to allow a Market Maker to establish an Allowable Engagement Percentage at any percentage level equal to or greater than 1% for an option class in which such Market Maker is appointed. The amendment will be effective beginning Tuesday, May 31, 2016.
The Exchange-established default specified time period and default Allowable Engagement Percentage will remain at 1 second and 105% respectively for Market Makers that have not established a specified time period and/or an Allowable Engagement Percentage.
Please refer to MIAX Regulatory Circular 2016-16 for further details.
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MIAX Options Exchange: Amendments To Rule 612, Aggregate Risk Manager
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