Market regulation · 23/02/2026

Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Delay Implementation of a New Selective Liquidity Auto Purge (“SLAP”) Feature, Which Provides More Granular Mass Cancellation Functionality

MIAX Sapphire, LLC has filed a proposed rule change to delay the implementation of a new Selective Liquidity Auto Purge (SLAP) feature, which offers more granular mass cancellation functionality.