SR -MIAX -2016- 46 Page 24 of 81 EXHIBIT 3 Data Provided ... · SR -MIAX -2016- 46 Page 24 of 81 EXHIBIT 3 . Data Provided Periodically to the Commission Pursuant to MIAX Rule 515A.08

SR-MIAX-2016-46 Page 24 of 81

EXHIBIT 3 Data Provided Periodically to the Commission Pursuant to MIAX Rule 515A.08 Pursuant to MIAX Rule 515A.08, the Exchange has periodically submitted certain data, as required by the Commission, to provide supporting evidence that, among other things, there is meaningful competition for all size orders and that there is an active and liquid market functioning on the Exchange outside of the MIAX Price Improvement Mechanism (“PRIME”). The data below has been submitted to the Commission and has been used in support of SR-MIAX-2016-46.
























































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SR -MIAX -2016- 46 Page 24 of 81 EXHIBIT 3 Data Provided ... · SR -MIAX -2016- 46 Page 24 of 81 EXHIBIT 3 . Data Provided Periodically to the Commission Pursuant to MIAX Rule 515A.08