Federal Register #SR-SAPPHIRE-2026-16

SEC Notice: MIAX Sapphire Proposed Rule Change for Trading Floor Operations

This notice from the U.S. Securities and Exchange Commission (SEC) announces a proposed rule change by MIAX Sapphire, LLC regarding trading floor operations: - Government Buyer: - United States Securities and Exchange Commission (SEC) - MIAX Sapphire, LLC (self-regulatory organization submitting the rule change) - No products or services are being procured; this is a regulatory notice, not a purchasing action - No OEMs or vendors are involved - Key Details of the Proposed Rule Change: - Clarifies and amends rules for the physical trading floor - Addresses responsibilities of floor brokers, qualified floor orders, and clerks - Details operational procedures for order processing and execution - Specifies priority rules, allocation methods, and compliance requirements - The SEC is seeking public comments on the proposed changes - Locations referenced: - SEC headquarters in Washington, DC - MIAX Sapphire Trading Floor in Miami, Florida

Description

The Securities and Exchange Commission has issued a notice regarding a proposed rule change filed by MIAX Sapphire, LLC. The proposal aims to make clarifying amendments to the rules governing the trading floor operations, including responsibilities of floor brokers, qualified floor orders, and clerks. The changes seek to more accurately describe order processing and execution procedures on the exchange's physical trading floor. The notice invites public comments and provides detailed references to the rule changes and related regulatory compliance.

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