MIAX Options will implement a new Complex Auction-on-Arrival-Only (“cAOAO”) order type on January 11, 2021.

A cAOAO order is a complex order that can be placed into an auction if eligible, and cancelled if not eligible. Any unexecuted balance of a cAOAO order remaining upon the completion of the auction process is also cancelled.

Please refer to MIAX Options Regulatory Circular 2020-57 for additional information.