📈MIAX Sapphire Proposes Options Trading Rule Change for ETFs
Self-Regulatory Organizations; Notice of Filing of a Proposed Rule Change, as Modified by Partial Amendment Nos. 1 and 2, by MIAX Sapphire, LLC To Amend Exchange Rule 402, Criteria for Underlying Securities, To List and Trade Options on Commodity-Based Trust Shares
Summary
MIAX Sapphire, LLC has filed a proposed rule change to amend Exchange Rule 402, allowing for the listing and trading of options on Commodity-Based Trust Shares. This amendment aims to streamline the process for introducing new options products, potentially increasing market competition and providing investors enhanced risk management tools.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change by MIAX Sapphire to amend Exchange Rule 402 for options trading on Commodity-Based Trust Shares presents significant implications for businesses and financial markets. This allows companies and financial institutions to launch options products tied to commodities more efficiently, reducing time-to-market and costs, thus enhancing liquidity and hedging opportunities for market participants.