📈MIAX Approval for Micro Narrow-Based Index Options Trading
Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Order Approving a Proposed Rule Change To Amend the Exchange's Index Options Rules To Allow the Exchange To List and Trade Options on Micro Narrow-Based Indexes
Summary
The SEC approves MIAX’s proposed rule changes, which allow the listing and trading of options on micro narrow-based indexes. The amendments establish criteria for initial listings and continuing requirements, enhancing market access and addressing liquidity concerns. This initiative aligns MIAX’s rules with competitor exchanges, fostering a competitive trading environment.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed regulatory changes permit MIAX to list and trade options on micro narrow-based indexes, which expands trading options for businesses and investors. This can lead to increased market activity, liquidity, and competitiveness, impacting firms engaging in these financial products. Specific mention of reduced barriers to market access and compliance with established standards further emphasizes regulatory relevance.