MIAX Sapphire Options Exchange Releases Technical Documents

As previously announced in our May 1, 2023 Alert, the target launch date for the MIAX Sapphire Options electronic exchange is Q1 2024, pending SEC approval. Technical documents, website support, important dates and exchange code information for the MIAX Sapphire Options Exchange are included below.

Interface Specifications 

Connectivity Guide

  • The MIAX Express Network Interconnect Connectivity Guide now includes information for the MIAX Sapphire Options Exchange and can be found on the MIAX website at MIAX Connectivity Guide

MIAX Sapphire Options Exchange Website Support and Alert Notifications:

  • The miaxglobal.com website now supports the MIAX Sapphire Options Exchange
  • Support for MIAX Sapphire Options Exchange Alert Notifications has been added. To revise a current MIAX Alert subscription or to register a new subscription, please visit MIAX Email Subscriptions.

Important Dates:

  • Access to the Firm Test Bed is targeted for Q4 2023
  • The MIAX Sapphire Options Exchange User Manual will be available in Q4 2023

MIAX Sapphire Options Exchange Codes:

  • MIC code:  SPHR
  • OCC Exchange code:  S
  • OPRA:  S
  • COATS:  R
  • CAT IM Spec
    • Destination: SPHR
    • Market Center ID: SPHR
    • Sender IMID Exchange ID: SPHR
  • CAT PP Spec
    • Participant ID: SPHR
  • Blue sheet
    • Requestor Code:  7
    • Exchange Code:  KS


Additional updates will be provided through future Alerts.

Source: MIAX