All Options Exchanges Rule Filings
As registered national securities exchanges, MIAX Options®, MIAX Pearl® Options, MIAX Emerald® Options and MIAX Sapphire® Options are 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. Each MIAX Exchange 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 will post below pending rule filings submitted by each Exchange, followed by rule changes that have been approved by the SEC or became immediately effective pursuant to the Exchange Act.
MIAX Futures-DCM-25-50
Pending
Rule Certification Submission Pursuant to Regulation 40.6(a)
December 30, 2025
SR-SAPPHIRE-2025-47
Effective / Approved
Amend the Fee Schedule to adopt a new methodology for assessment and collection of ORF for transactions that occur on the Exchange.
December 29, 2025
SR-SAPPHIRE-2025-46
Effective / Approved
Amend the Fee Schedule related to ORF to extend the current sunset date of December 31, 2025 to June 30, 2026.
December 29, 2025
SR-PEARL-2025-54
Effective / Approved
Amend the MIAX Pearl Options Fee Schedule to adopt a new methodology for assessment and collection of ORF for transactions that occur on the Exchange.
December 29, 2025
SR-MIAX-2025-52
Effective / Approved
Amend the Fee Schedule to adopt a new methodology for assessment and collection of ORF for transactions that occur on the Exchange.
December 29, 2025
SR-EMERALD-2025-25
Effective / Approved
Amend the Fee Schedule to adopt a new methodology for assessment and collection of ORF for transactions that occur on the Exchange.
December 29, 2025
MIAX Futures-DCM-25-48
Effective / Approved
Rule Certification Submission Pursuant to CFTC Regulation 40.6(a); Extension of the MIAX Futures Minneapolis Hard Red Spring Wheat (“HRSW”) Market Maker Program
December 11, 2025
SR-PEARL-2025-50
Pending
Amend MIAX Pearl Equities Exchange Rule 2614, Orders and Order Execution and Rule 2617, Order Execution and Routing, to allow the Post Only order instruction to be applied to orders in securities priced below $1.00 per share
December 10, 2025