Regulatory Alert, Trading Alert
MIAX Sapphire
March 31, 2026 | 11:11 AM
MIAX Sapphire Options - Changes to Billing System Rules to Allow Members to Provide Alternative Payment Instructions for Certain Fees Starting April 1, 2026
MIAX Sapphire (the “Exchange”) Rule 208 allows, upon request, the Exchange to waive the requirement for a Member to designate a Clearing Member for debiting fees. If waived, the Member must provide, as agreed to by the Exchange, alternative payment instructions for the Exchange to debit certain fees.
Starting April 1, 2026, alternative payment instructions may only be used for certain fee categories determined by the Exchange.
For more information on the billing system changes, please refer to the following Regulatory Circular:
Direct Regulatory questions to the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.