2025-23656Notice

MIAX Sapphire Removes 'Route to Floor' Order Type Definition

Published Date: 12/23/2025

Notice

Summary

MIAX Sapphire is updating its rules by removing the definition of a 'Route to Floor Order' from its order types. This change affects traders using the exchange’s electronic and physical trading floor, simplifying how orders are handled. The update was filed in December 2025 and aims to keep the exchange’s rules clear without impacting fees or timing.

No Economic Impacts Identified for this Document

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Key Dates

Effective Date
Published Date
12/5/2025
12/23/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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