U.S. Options

Pursuant to MIAX Sapphire Options Exchange Rule 2040. Qualified Floor Orders, with respect to tied hedge transactions, a MIAX Sapphire Options Exchange Floor Broker may buy or sell a stock, security futures or futures position following receipt of an option order and prior to announcing the order to the trading crowd, subject to the requirements outlined in MIAX Sapphire RC-2025-76. 

For more details on tied hedge transactions, please refer to MIAX Sapphire Options Exchange Rule 2040. Qualified Floor Orders Interpretations and Policies: .02, at https://www.miaxglobal.com/miax_sapphire_exchange_rulebook.pdf.
 
Please direct regulatory inquiries to Regulatory@MIAXGlobal.com or (609) 897-7309.