Regulatory Alert, Trading Alert
MIAX Sapphire
May 06, 2026 | 10:51 AM
MIAX Sapphire Options - Amendment to Exchange Rule 2040 Regarding Executing Certain Crossing Orders on the Trading Floor Immediately Without Announcement to the Trading Crowd
Effective April 29, 2026, MIAX Sapphire Options Exchange Rule 2040, Qualified Floor Orders, was amended to permit Floor Brokers to immediately execute certain crossing orders on the Trading Floor without announcement to the trading crowd as required by Rule 2040(b), provided that certain requirements that allow each type of crossing order to be executed immediately on the electronic market are similarly satisfied on the Trading Floor.
For more information on the rule amendment, please refer to the following Regulatory Circular: