MIAX Options Receives Wall Street Letter Award for Best Infrastructure / Technology Initiative by an Exchange / ATS
February 6, 2015 - Miami International Securities Exchange, LLC (MIAX) announced today that it is the recipient of an award from Wall Street Letter, a publication of Pageant Media, recognizing MIAX for its “Best Infrastructure / Technology Initiative by an Exchange / ATS.” MIAX Press Release
MIAX Options Exchange Enters into 2015 Strategic Transaction
On February 2, 2015, MIAX closed an equity rights transaction with Citadel Securities, KCG Americas, Morgan Stanley & Co., Optiver US, Susquehanna Securities, Timber Hill and Wolverine Trading. The 2015 Equity Rights Program runs through June 2017. MIAX Equity Rights Program MIAX Press Release
MIAX Options Introduces MIAX RPM™
MIAX Options’ Risk Protection Monitor (RPM) allows both EEMs and Clearing Firms to define maximum order rate and executed contract rate limits specific to each member’s risk tolerance.
MIAX PRIME provides a fully electronic price improvement auction open to all members, providing Agency Orders an opportunity to receive better execution prices. PRIME will accept PRIME Orders priced at the NBBO or better for any size.
The average latency for a single quote is 27.41 microseconds for a full round trip • At the 99th percentile, the average latency is 61.93 microseconds • At the 99.9th percentile, the average latency is 99.43 microseconds MIAX Option’s unparalleled system throughput is in excess of 27 million quotes per second.
These numbers are based on the measurement of all production quotes throughout the trading day including the market opening. The latency measurements include the entire round trip to and from the outer edge of the MIAX network interface which includes the time to fully accept, process, and acknowledge all quotes.
MIAX Announces Availability of the MIAX Order (MOR) Feed
The MOR feed is a high speed real-time feed that publishes all actionable orders in addition to Series Update, System State and Underlying Trading Status messages. The feed is available to all MIAX participants.
The AIS Feed provides a timely delivery of important notification messages such as Liquidity Seeking Events, Series Update and System State messages. AIS is now the only MIAX interface offering real-time notification of Liquidity Seeking Events.