U.S. Equities

In preparation for the MIAX PEARL Equities Exchange launch on September 25, 2020, pending SEC approval, industry mock trading will be held this Saturday, August 15, 2020.  All firms are encouraged to test connectivity to the production environment and send orders utilizing prices relevant to the prior day's close.  Firms must contact TradingOperations@MIAXEquities.com before Wednesday, August 12th at 2:00 PM and request production credentials in order to participate in this Saturday's test.

Test Details:

• Firm lines open:  8:00 AM
• Opening trade time:  9:30 AM
• Closing time: 12:00 PM

The MIAX PEARL Equities mock trading testing will support all production and test symbols utilizing assigned production network connections:

• Open firm participation via each of MIAX EPRL’s technical interfaces:
  • MIAX Express Orders (MEO) for binary orders
  • FIX Order Interface (FOI) for FIX orders
  • FIX Drop Copy (FXD)
• MIAX EPRL Market Data Dissemination via each of the MIAX EPRL data feeds:
  • Top of Market Data (ToM) Feed
  • Depth of Market Data (DoM) Feed
• Dissemination of Quote and Trade data to SIP
• Data generated from the testing will utilize "H" for both CTA and UTP which will be disseminated via SIP’s Production channels
• Routing of eligible orders to exchanges at the NBBO via participating exchanges and/or via simulation.
• DTCC data will not be available for this test

While not required for participation in mock trading, API certification is mandatory prior to launch for those participants utilizing the MEO, FOI and FXD Interfaces. 

Important Dates:

• Connectivity to the EPRL Firm Test Bed 2 (PEFTB2) is available now, contact TradingOperations@MIAXEquities.com
• Industry Mock Trading is scheduled as follows:
  • Saturday, August 15, 2020
  • Saturday, August 29, 2020
  • Saturday, September 19, 2020

Resources:

• Membership paperwork is currently being accepted, visit Membership Forms and Onboarding
• See the EPRL Interface Specifications and the MIAX Exchange Group Connectivity Guide 
• The EPRL User's Manual and Fact Sheet are now available on our website under PEARL Equities Exchange Functionality
• EPRL Rule Filings are available at PEARL Equities Rule Filings
• To add MIAX PEARL Equities Alerts, visit MIAX Email Subscriptions
• EPRL Symbol / Matching Engine Allocation
  • See Attached

MIAX PEARL Equities Exchange Codes:

• Bloomberg:  VP
• Blue sheet – Exchange Code:  8
• Blue sheet – Requestor Code:  7
• CAT Destination Code:  PEARLEQ
• CAT Market Center ID:  H
• CAT Related Market Center ID:  S
• CAT Participant Code:  PEARLEQ
• ECAT Code: H (previously announced as S but changed at the request of SIAC)
• FINRA Short Interest Reporting Code:  Y
• MIC Code:  EPRL
• MIC Code (Dark): EPRD  (pending approval)
• OATS Destination Code:  XH
• OATS Market Center ID:  H
• RIC Code:  .MP
• RIC Trade Exchange ID:  MPE
• SIP Code: H
• Thomson One Exchange Code:  NP
• UTC Market Code: TBD by DTCC

All updates will be provided through future Alerts.

For further information, please contact MIAX Trading Operations at TradingOperations@MIAXEquities.com or (609) 897-7302.

Regulatory inquiries should be directed to Regulatory@MIAXEquities.com or (609) 897-7309.

To learn more about PEARL Equities please contact Sales@MIAXEquities.com, (609) 897-8177 or visit MIAXEquities.com.