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Regulatory Alert, Trading Alert

MIAX Sapphire

August 06, 2024 | 01:46 PM

Default Settings for MIAX Sapphire Order Monitor for Complex Orders

MIAX Sapphire Options will use the following default settings for the MIAX Sapphire Order Monitor (“cMOM”) for Complex Orders. The settings will become effective at the start of trading on Monday, August 12, 2024:

  • price range will be set to $2.50.
  • value for the maximum size of a Complex Order will be set to 10,000 contracts.
  • value for the maximum number of open Complex Orders will be set to 30,000 per Member.
  • value for the maximum number of Complex Order open contracts will be set to 1,000,000 per Member. 
Please refer to MIAX Sapphire Options RC 2024-25 for further information.
 
For questions regarding cMOM system settings, please contact Trading Operations at TradingOperations@miaxglobal.com or calling (609) 897-7302.
 
Please direct questions to the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.