Federal Register #SR-SAPPHIRE-2026-36

SEC notice of MIAX Sapphire’s proposed options fee and rebate changes

The SEC notice concerns proposed options fee and rebate changes by MIAX Sapphire, LLC, not a government purchase. - Government agency: U.S. Securities and Exchange Commission (SEC). - Filing entity: MIAX Sapphire, LLC, which proposes changes to the MIAX Sapphire Options Exchange Fee Schedule. - Proposed changes: Reduce Professional Customer initiating and contra-side fees for QCC and cQCC transactions, adjust related rebates, and establish tiered fees for certain Away Market Maker-facilitated customer QFO and cQFO transactions on the Trading Floor. - Comparable fee structures cited: BOX Exchange LLC and Nasdaq PHLX LLC. - Procurement status: This is a regulatory notice inviting public comment. No products or services are being requested, and no quantities, part numbers, or performance period are specified.

Description

MIAX Sapphire, LLC proposes changes to its Options Exchange Fee Schedule. The proposal reduces initiating and contra-side fees for Professional Customer QCC and cQCC transactions, and adjusts rebates for those transactions. It also establishes a tiered fee structure for Away Market Maker facilitation of customer QFOs or cQFOs on the Trading Floor. The notice invites public comments on whether the proposed rule change is consistent with the Securities Exchange Act.

View original listing