U.S. Options

Commencing July 1, 2026, pending effectiveness by the SEC of rule change proposals made by MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange, and MIAX Sapphire Options Exchange, orders for any customer that had an average of more than 390 orders per day during any calendar month must be represented as professional orders for the next calendar month.
 
Please refer to the following Regulatory Circulars for more information:

• MIAX Options RC 2026-96
• MIAX Pearl Options RC 2026-95
• MIAX Emerald Options RC 2026-75
• MIAX Sapphire Options RC 2026-99

Contact MIAX Trading Operations at TradingOperations@miaxglobal.com or (609) 897-7302 with any questions regarding the proposed changes.
 
Please direct questions to the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.