MIAX Sapphire® Options Exchange Rule Filings
As a registered national securities exchange, MIAX Sapphire is required to submit to the SEC, pursuant to Section 19 of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 19b-4 thereunder, proposed rule changes. MIAX Sapphire is required to post its rule filings on its website within two business days after submission. Rule filings are not effective until approved by the SEC, with the exception of certain types of rule filings that may take effect upon filing with the SEC if they meet the conditions specified under Section 19 of the Exchange Act and Rule 19b-4 thereunder. MIAX Sapphire will post below pending rule filings submitted by the Exchange, followed by rule changes that have been approved by the SEC or became immediately effective pursuant to the Exchange Act.
SR-SAPPHIRE-2025-44
Pending
Amend Exchange Rule 402, Criteria for Underlying Securities, to list and trade options on Commodity-Based Trust Shares.
December 04, 2025
SR-SAPPHIRE-2025-42
Pending
Amend Exchange Rule 519C, Mass Cancellation of Trading Interest, to adopt Selective Liquidity Auto Purge ("SLAP") functionality.
December 01, 2025
SR-SAPPHIRE-2025-41
Effective / Approved
Amend the Fee Schedule to amend the exchange grouping of options exchanges within the routing fee table.
December 01, 2025
SR-SAPPHIRE-2025-43
Effective / Approved
Amend the Fee Schedule to provide that Members and non-Members may receive up to two 1Gb connections for no charge when those connections are used solely to route the stock portion of a Stock-Option Order to an away Trading Center for execution on behalf of the Exchange.
November 28, 2025