Should a Member fail to designate a value for any of the MIAX Sapphire Order Monitor protections, the default value listed below will be applied:
- Order Size Protection: 10,000 contracts
- Open Order Protection: 30,000 orders
- Open Contract Protection: 1,000,000 contracts
The Exchange has established a default threshold setting of $.10 for Market Orders to sell.
Please refer to MIAX Sapphire Options RC 2024-16 for further information.
For questions or to establish a pre-set threshold setting value, contact Trading Operations at TradingOperations@miaxglobal.com or calling (609) 897-7302.
Please direct questions to the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.
