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Trading Alert, Regulatory Alert

MIAX Sapphire

September 05, 2025 | 12:37 PM

MIAX Sapphire Options Exchange - Reminder for Trading Floor Participants - Four Decimal Precision for Pricing Stock-Option Complex Strategies

MIAX Sapphire Options Exchange Rule 518. Complex Orders, allows bids and offers on Complex Orders, quotes, and RFR Responses for stock-option complex strategies (including cQCC Orders entered with a stock component) to be expressed with four (4) decimal precision.
 
Complex Customer Cross Orders, Complex Orders without Stock, and Simple Orders support prices of up to two (2) decimal places.
 
For additional information please refer to the following Regulatory Circular:

Contact MIAX Trading Operations at TradingOperations@MIAXGlobal.com or (609) 897-7302 with any questions concerning stock-option trading.
 
Regulatory inquiries should be directed to Regulatory@MIAXGlobal.com or (609) 897-7309.