U.S. Options

MIAX has rescheduled the launch of the MIAX Sapphire Trading Floor previously announced in the March 19, 2025 Alert, MIAX is targeting a new launch date of Tuesday, July 15, 2025. All mock trading tests and allocation of space dates remain unchanged. 

Important dates and links to resources supporting the launch are included below.
 
Testing Dates:

1. Mock Trading Industry Testing from the MIAX Sapphire Trading Floor is scheduled as follows:
   1. Mock Trading Industry test #1:  Saturday, June 7, 2025
   2. Mock Trading Industry test #2:  Saturday, June 28, 2025
   3. Note, participation in at least one mock trading test is mandatory
2. Final Confidence Test: Saturday, July 12, 2025

Trade Floor Visit and Allocation of Space Lottery on Monday, May 19, 2025:

1. Trade Floor Visit between 2:00 p.m. - 4:00 p.m. on the MIAX Sapphire Trading Floor.
2. Allocation of Space lottery on the MIAX Sapphire Trading Floor or via Zoom beginning at 4:00 p.m.
3. Coordinate participation by contacting TradingOperations@miaxglobal.com beginning on April 21, 2025.

Trade Floor Installation Dates:

1. Now: Request telco service at the MIAX Sapphire Trading Floor site directly from vendors.
2. Now: Accept equipment at the MIAX Sapphire Trading Floor.
   1. Requests to coordinate deliveries should be made through TradingOperations@miaxglobal.com.
   2. NOTE: The MIAX Sapphire Colocation Datacenter site is designed for hot/cold aisle configuration, 208V power support and standard Datacenter cabinet width for the Colocation equipment. Cable drops and power will be aligned with the rear of the cabinets. This configuration will require port side exhaust power/fan assemblies.
3. April 14, 2025: Installation of equipment in the MIAX Sapphire Trading Floor Datacenter begins.
   1. Requests to coordinate installation by contacting TradingOperations@miaxglobal.com.
4. May 19, 2025: Onboarding of MIAX Sapphire Trading Floor wired and Wi-Fi connectivity begins.
   1. April 28, 2025: Begin requests to coordinate connectivity by contacting TradingOperations@miaxglobal.com.
5. Targeting May 19, 2025: Access to the MIAX Sapphire Trading Floor space for firm desktop installations.
   1. May 1, 2025: Begin requests to coordinate access by contacting TradingOperations@miaxglobal.com.

Virtual Trade Floor

1. Virtual Trading Floor (VTF) disaster recovery remote mock trading sessions test dates using the MIAX Sapphire FTB2 and VTF systems will be announced once available.

Resources:

1. Trading Floor functional testing is currently available in the Firm Test Bed (FTB2)
2. MIAX Sapphire Options Interface Specifications are available for electronic orders and support for electronic orders interacting with floor trading
3. Updated MIAX Sapphire Options Interface Specifications specific to Floor Trading are available by sending a request to TradingOperations@miaxglobal.com
4. FAQs are available by sending a request to TradingOperations@miaxglobal.com
5. Connectivity Guide 
6. MIAX Sapphire Options Exchange User Manual
7. Membership Forms
8. MIAX Sapphire Options Rulebook
9. To add MIAX Sapphire Options Alerts to your current e-mail subscriptions, revise your current MIAX e-mail subscriptions or to register a new e-mail address for subscriptions to MIAX Alerts, visit MIAX Email Subscriptions

Additional updates will be provided through future Alerts.

For additional information, please contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302.

Regulatory inquiries should be directed to Regulatory@miaxglobal.com or (609) 897-7309.

Sales inquiries should be directed to Sales@miaxglobal.com, (609) 897-8177 or visit miaxglobal.com.