On May 1, 2025, MIAX submitted modification to rule filing, changes noted in blackline.
Amendments effective when incorporated into MIAX futures rulebook and posted on its website, which will be at least 10 business days following the date of this submission.
On Apr. 16, MIAX FUS issued rulebook amendments re trading system
MIAX FUS certified proposed amendments on trading system access, preferred rates.
Document dated Apr. 16, received from MIAX FUS Apr. 22, summarized on Apr. 25.
Proposed Amendments
Certified that proposed amendments to rulebook, comply with CEA, CFTC regulations.
Adds definitions to Chapter 1, and adds Chapters 6 and 7 to the MIAX FUS rulebook.
Chapter 6 governs market participant access to electronic trading system, methods of connection, eligibility criteria to directly connect, continuing obligations for participants
Chapter 7 governs the preferred rate program, which allows MIAX Futures-approved market participants to receive discounted rates on their proprietary trading.
In connection with amendments, reviewed core principles for DCMs, determined the amendment comply with the requirements of the DCM Core Principles 2, 4, 7 and 18.
Effectiveness
Proposed changes are effective when added to MIAX FUS Rulebook and posted on its website, which will be at least 10 business days following the date of this submission.
Intends to implement amendments prior to go-live date for the Onyx trading system.
May 2025 MIAX FUS Modification to Submission
On May 1, 2025, MIAX submitted modification to rule filing, changes noted in blackline.
Amendments effective when incorporated into MIAX futures rulebook and posted on its website, which will be at least 10 business days following the date of this submission.
