SEC Extends Review on MIAX Sapphire's Commodity Options Rules
Published Date: 5/1/2025
Notice
Summary
MIAX Sapphire wants to let people trade options on special commodity-based trust shares by changing their rules. The SEC is taking extra time to review this idea carefully, so no decisions will happen before early May 2025. This change could open new trading opportunities for investors and the exchange.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Proposal to Trade Options on Commodity Trust Shares
MIAX Sapphire filed a proposed rule change on March 5, 2025 (with partial amendments on March 11 and March 12, 2025, and published for comment on March 19, 2025) to amend Exchange Rule 402 so the exchange could list and trade options on Commodity‑Based Trust Shares. The Commission has extended its review and must act by June 17, 2025. This proposal could open new trading opportunities for investors and the exchange.
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