Regulatory Alert, Trading Alert
MIAX Sapphire
September 09, 2025 | 08:53 AM
MIAX Sapphire Options Exchange - Reminder for Trading Floor Participants - Floor Broker Cross Guarantee
Pursuant to MIAX Sapphire Options Exchange Rule 2040. Qualified Floor Orders, when a Floor Broker represents an order of 50 contracts or greater, after all equal or better priced Priority Customer bids or offers on the Electronic Book and any better priced interest is filled, the Floor Broker is entitled to cross 40% of the remaining contracts in the order.
For more information please see MIAX Sapphire RC-2025-81.
Direct regulatory inquiries to regulatory@miaxglobal.com or (609) 897-7309.