Regulatory Alert

MIAX Pearl Equities

January 08, 2021 | 04:07 PM

MIAX Pearl Equities - Net Notional Trade Value Settings and Adjustments by Members and Clearing Members on MIAX Pearl Equities

MIAX Pearl Equities will introduce a new risk protection setting, Net Notional Trade Value, which is a pre-established maximum daily dollar amount for executed purchases and sales across all symbols, where purchases are counted as positive values and sales are counted as negative values.  Additionally, the Exchange will expand the ability of Equity Members that do not self-clear to allocate and revoke the responsibility of establishing and adjusting their risk settings to a Clearing Member to include the Net Notional Trade Value risk settings.

The Net Notional Trade Value risk protection will be available beginning Tuesday, January 19, 2021.

Please refer to MIAX Pearl Equities Regulatory Circular 2021-17 for more details.

For questions regarding risk settings, please contact Trading Operations at TradingOperations@MIAXEquities.com or (609) 897-7302.

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