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Trading Alert, Regulatory Alert

MIAX Sapphire

February 12, 2026 | 02:02 PM

MIAX Pearl Options and MIAX Sapphire Options - Change to the Maximum Differential for the MIAX Pearl Order Monitor and MIAX Sapphire Order Monitor for Certain Symbols Effective Friday, February 13, 2026

MIAX Pearl Options and MIAX Sapphire Options will increase the MIAX Pearl Order Monitor and MIAX Sapphire Order Monitor maximum valid bid/ask differentials for the following symbols:

  • EMCOR GROUP INC. (EME)
  • INSTALLED BUILDING PRODUCTS INC. (IBP)
The changes will be effective on Friday, February 13, 2026, and remain in effect through Tuesday, March 31, 2026, unless withdrawn by the Exchanges before that time.

For additional information on the expanded bid/ask differentials, please refer to the following Regulatory Circulars: Direct questions to the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.