MIAX Goes Full Zoom: Virtual Trading Floor Launches
Published Date: 1/21/2025
Notice
Summary
MIAX Sapphire is launching a Virtual Trading Floor with a new rule to make trading more flexible and tech-friendly. This change affects traders using the exchange and kicks in right away, aiming to boost efficiency without extra costs. The SEC is open to feedback for the next 60 days before finalizing anything.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Virtual Trading Floor Launched Immediately
If you trade on the MIAX Sapphire exchange, the exchange adopted Rule 2090 to create a Virtual Trading Floor that is effective upon filing on January 3, 2025. The Exchange says the Virtual Trading Floor is meant to boost trading efficiency and will not impose extra costs; the SEC is accepting comments through February 11, 2025.
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