MIAX Sapphire™ Options Alerts

Regulatory Alert, Trading Alert

MIAX Sapphire

August 06, 2024 | 10:06 AM

MIAX Sapphire Options - Loss of Communication

Pursuant to MIAX Sapphire Options Rule 519C, Interpretation .02, a loss of communication is determined: on an MEO port by the...

Regulatory Alert, Trading Alert

MIAX Sapphire

August 05, 2024 | 02:53 PM

MIAX Sapphire Options - Market Maker Aggregate Risk Manager Settings and Notification Instruction

The MIAX Sapphire Options system will maintain an MM Counting Program that will count the number of contracts executed by...

Trading Alert, Regulatory Alert

MIAX Sapphire

August 05, 2024 | 02:51 PM

MIAX Sapphire Order Monitor Protections

Should a Member fail to designate a value for any of the MIAX Sapphire Order Monitor protections, the default value...

Regulatory Alert, Trading Alert

MIAX Sapphire

August 05, 2024 | 02:42 PM

MIAX Sapphire Options Price Protection Process

Price protection prevents an order from being executed beyond the price designated in the order’s price protection instructions. Market participants...

Regulatory Alert, Trading Alert

MIAX Sapphire

August 05, 2024 | 02:35 PM

MIAX Sapphire Options - Member Firm Portal Used as the Approved Electronic Interface for Performing Post-Trade Adjustments

Post-trade adjustments that do not affect the contractual terms of a trade are to be performed by the Exchange Member...

Regulatory Alert, Trading Alert

MIAX Sapphire

August 05, 2024 | 02:33 PM

MIAX Sapphire Options - Contrary Exercise Advice

MIAX Sapphire Options Exchange Members are required to submit Contrary Exercise Advices electronically to FINRA at EED@finra.org.   Option holders have until...

Regulatory Alert, Trading Alert

MIAX Sapphire

August 05, 2024 | 02:32 PM

MIAX Sapphire Options - Obvious Error and Appeal Submission of Notification

A party believing it participated in a transaction that was the result of an Obvious or Catastrophic Error must submit...

Trading Alert, Regulatory Alert

MIAX Sapphire

August 05, 2024 | 02:30 PM

MIAX Sapphire Options - Market Maker Self-Assignment Process

A MIAX Sapphire Options Member that has qualified as a Market Maker may register to make markets in either an...