MIAX Preps Complex Order Market Data Products
The announcement follows MIAX's recent approval to list complex order products on its exchange.
The first complex order market data product, MIAX Complex Top of Market (cToM) will identify the complex strategies trading on MIAX, and provides complex strategy last sale data, and the status (e.g. open, halted, or resumed) of the complex strategy's underlying securities, along with the best bid and offer for complex strategies (cMBBO) with aggregate size, based on displayable order and quoting interest in the strategy on MIAX.
Officials note that cTOM is distinct from MIAX's existing Top of Market (ToM) product, and that interested parties will need to subscribe to cToM separately-though the exchange will not initially charge a fee for the new product.
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