About MIAX

Miami International Securities Exchange, LLC (the MIAX Options Exchange or MIAX Options) and MIAX PEARL, LLC (MIAX PEARL, and together with MIAX Options, collectively, MIAX) are wholly-owned subsidiaries of Miami International Holdings, Inc. (MIH). 

MIAX has deep rooted experience in developing, operating and trading on exchanges. The initial focus of MIH was to leverage management’s expertise and relationships in the equity options space to launch the MIAX Options Exchange, a fully electronic options exchange for the trading of OCC issued standardized options on equities and ETFs. Trading on MIAX Options commenced on December 7, 2012 following its approval from the SEC as a National Securities Exchange. MIAX Options now lists and trades options on over 2,600 multi-listed classes. 

MIAX PEARL is MIH’s second fully electronic options trading exchange and has leveraged the industry leading technology and infrastructure developed by MIAX to serve as a counterpart to MIAX Options by providing a price-time allocation and maker-taker pricing model. Trading on MIAX PEARL commenced on February 6, 2017 following its approval from the SEC as a National Securities Exchange. MIAX PEARL along with MIAX Options and the MIAX Options Complex Order System now provides members of the MIAX exchange group with access to approximately 75% of the total U.S. options market volume.