MIAX Regulatory would like to remind all members that the unbundling of orders for the purpose of achieving small order preference may be considered conduct inconsistent with just and equitable principles of trade and a violation of MIAX Rule 301.
Please refer to MIAX Regulatory Circular MIAX RC 2015 55 for further details.
FTSE Mondo Visione Exchanges Index:
MIAX Regulatory Clarification - Unbundling Of Orders
Date 19/11/2015