MIAX News

 
Date  :  

MIAX Options Exchange Commences Third Year of Operations; Announces Operational Highlights for 2014

December 08, 2014 03:08:07 PM

MIAX Options Exchange (MIAX) announced that it commenced its third year of operations today, having launched on December 7, 2012. “As we begin our third year of operations, we would like to thank our members and supporters for their continued confidence in MIAX,” said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX. Continued Gallagher, “We are very proud of what MIAX has been able to accomplish during the last two years. We are looking forward to building on our current success in 2015 by offering several new products and functionality, all while continuing to provide a quality customer experience with MIAX and growing our market share.” [{"fileName":"MIAX_Press_Release_12082014.pdf"
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MIAX Options Hits One Million Contracts Traded and Receives 2014 Information Security Executive Northeast Project Award

October 10, 2014 06:14:28 PM

MIAX Options Exchange (MIAX) announced today that it executed in excess of 1,000,000 contracts in a single day for the first time today, representing a new single-day record for the exchange.  In total, MIAX executed 1,049,727 contracts, which represented a 4.38% market share of overall equity options volume.

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MIAX Options Announces Increased Trading Volume Results

October 02, 2014 11:53:20 AM

MIAX Options Exchange (MIAX) announced today that for the month of September 2014 MIAX’s percentage of overall equity options volume and in MIAX-listed classes was 4.08% and 4.29%, respectively, both of which are new monthly records and represent two and one-half times September 2013 volumes.  For the third quarter of 2014, MIAX’s percentage of overall equity options volume and in MIAX-listed classes was 3.91% and 4.09%, respectively, and represent two and one-half times third quarter 2013 volumes.  In September 2014, MIAX achieved new record monthly and daily volumes, as MIAX executed 13,603,238 contracts for the month, or three times the volume of September 2013, and on September 19, 2014, MIAX executed over 872,000 contracts for the first time. [{"fileName":"MIAX_Press_Release_10022014.pdf"
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OCC AND THE U.S. OPTIONS EXCHANGES ANNOUNCE NEW RISK CONTROL STANDARDS TO STRENGTHEN INDUSTRY PROTECTIONS

September 29, 2014 03:30:57 PM

OCC and the U.S. options exchanges announced today the adoption of risk control standards that include price reasonability checks, drill-through protections, activity-based protections and kill-switch protections, pending regulatory approval. [{"fileName":"OCC_Press_Release_09292014.pdf"
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MIAX Options Exchange Announces Completion of PRIME Rollout

August 25, 2014 03:02:55 PM

MIAX Options Exchange (MIAX) announced today that it has completed the rollout of the MIAX Price Improvement Mechanism (PRIME™), which began on August 8, 2014. PRIME has now been deployed across all symbols trading on MIAX and allows MIAX Exchange members access to improved pricing for their customers’ orders when exposing an order for improved price discovery. PRIME is a new order type on the MIAX Options Exchange and requires additional certification. Contact MIAX Trading Operations at TradingOperations@MIAXOptions.com or (609) 897-7302 to discuss any specific issues and to arrange interface testing.

MIAX Press Release 08252014




SROs Select Short List Bids for the Consolidated Audit Trail

July 02, 2014 09:07:59 AM

The national securities exchanges and FINRA (collectively, the self-regulatory organizations, or SROs) have selected six bids from the list of ten RFP responses that were submitted to build and maintain the Consolidated Audit Trail (CAT). [{"fileName":"CAT_Press_Release_07012014.pdf"
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SROs Launch Study to Analyze Implementation Cost of the Consolidated Audit Trail

June 23, 2014 04:47:13 PM

The national securities exchanges and FINRA (collectively, the self-regulatory organizations, or SROs) today began distributing a cost study questionnaire to gather information to assess and manage the financial impact of anticipated Consolidated Audit Trail (CAT) reporting requirements on the broker-dealer community. The SROs are obligated to submit to the Securities and Exchange Commission (SEC) a national market system (NMS) plan to create, implement and maintain a consolidated order tracking system, or the CAT. The SROs are currently working together to identify an optimal design for the CAT and this study is a key part of that deliberative process. The SROs have requested that recipients return the completed questionnaire by August 6, 2014. [{"fileName":"CAT_Press_Release_06232014.pdf"
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Miami International Holdings Announces Appointment of Paul V. Stahlin, Former Chairman of the AICPA, to Its Board

May 28, 2014 05:09:18 PM

Miami International Holdings, Inc. (MIH ), the parent holding company of the MIAX Options Exchange (MIAX), announced today that Paul V. Stahlin, former Chairman of the American Institute of Certified Public Accountants (AICPA), has been appointed to the Company’s Board of Directors. Mr. Stahlin will also serve as Chairman of the Audit Committee of MIH. [{"fileName":"MIAX_Press_Release_05282014.pdf"
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OCC AND THE U.S. OPTIONS EXCHANGES ADOPT NEW PRE- AND POST-TRADE RISK CONTROL PRINCIPLES

May 22, 2014 03:00:32 PM

OCC and the U.S. options exchanges announced today the adoption of pre- and post-trade risk control principles that are designed to enhance the monitoring of trading activity on a real-time basis and reduce the risk of errors or other inappropriate activity that poses a material risk of significant market disruption. The new principles, which are consistent with ongoing initiatives by the U.S. options exchanges to enhance exchange risk controls, will supplement enhanced OCC post-trade controls that are currently under development. [{"fileName":"OCC_Press_Release_05212014.pdf"
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MIAX Options Exchange Reaches Listing of Classes Representing Over 95% of Industry Volume

December 19, 2013 11:49:15 AM

MIAX Options Exchange (MIAX) announced today that it has completed the recent rollout of 388 additional option classes. MIAX now lists options on 983 underlying equities securities representing over 95% percent of equity options industry volume traded on December 16, 2013.   [{"fileName":"MIAX_Press_Release_12192013A.pdf"
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MIAX Options Exchange Celebrates First Anniversary and Hits Milestones

December 11, 2013 11:27:22 AM

MIAX Options Exchange (MIAX) celebrated its one year anniversary on December 7th and announced that it achieved an uptime of 100% in its first year of operation. MIAX also celebrated another milestone as a record number of contracts traded on MIAX on December 6, 2013 - in excess of 500,000 contracts - representing 3.36% of equity options volume. [{"fileName":"MIAX_Press_Release_12112013A.pdf"
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MIAX Options Exchange to List Twitter Options; Merrill Lynch Appointed as Twitter Primary Lead Market Maker

November 13, 2013 11:50:45 AM

MIAX Options Exchange (MIAX) announced today that it will list options on Twitter (Ticker: TWTR) as soon as the Twitter stock meets listing criteria.  Merrill Lynch has been appointed to serve as the Primary Lead Market Maker (PLMM) for all Twitter options.  Contract specifications will be determined and made available prior to trading once The Options Clearing Corporation has approved the trading of Twitter options.    [{"fileName":"MIAX Press Release - 11132013A.pdf"
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Self-Regulatory Organizations Response to SEC for Strengthening Critical Market Infrastructure

November 12, 2013 11:09:39 AM

Joint Press Release by SROs regarding collaborative effort to protect the integrity of US trading markets and enhance investor confidence. [{"fileName":"MIAX_Press_Release_11122013A.pdf"
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MIAX Options Exchange Announces Information Sharing Agreement with the Johannesburg Stock Exchange

November 05, 2013 11:33:03 AM

MIAX Options Exchange (MIAX) announced today that it has recently entered into an agreement to share market surveillance information with the JSE Limited (JSE) of South Africa. The agreement signed by Shaun Davies, Director of Market Regulation of the JSE, and Edward Deitzel, EVP and Chief Regulatory Officer of MIAX, marks the beginning of a collaborative relationship between the JSE and MIAX. Cooperation on information sharing will facilitate the listing and trading of options on certain Exchange Traded Funds (ETFs), such as the Vanguard FTSE Emerging Markets ETF, a highly traded ETF offering customers exposure to both South African companies and those in other emerging markets. [{"fileName":"MIAX Press Release - 11052013A.pdf"
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MIAX Options Exchange Enters into Strategic Transaction with Six Exchange Members

October 01, 2013 01:37:05 PM

The MIAX Options Exchange (MIAX) today announced it has completed its equity rights transaction whereby six leading order flow providers and market making MIAX Exchange Member firms entered into strategic agreements providing these members with the right to invest in the Exchange’s parent holding company, Miami International Holdings, Inc. (MIH) in exchange for payment of an initial purchase price or the prepayment of certain transaction fees and the achievement of certain liquidity addition volume thresholds on the Exchange. The MIAX Exchange Member firms involved in the transaction are: Bank of America-Merrill Lynch, Interactive Brokers Group, KCG Holdings, Inc., Morgan Stanley, Susquehanna International Group and Wolverine. The terms of the agreement are contained in a MIAX Rule filing that was filed on September 13, 2013 with the United States Securities and Exchange Commission. MIAX Press Release - 10012013A




MIAX Options Exchange Executives Attend SEC Industry Meeting

September 13, 2013 09:04:43 AM

Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX Options Exchange (MIAX), and Barbara J. Comly, Executive Vice President and General Counsel of MIAX, met yesterday with Securities and Exchange Commission Chair Mary Jo White, market regulators and other U.S. options and stock exchange executives to discuss industry reform and devise a plan to better manage technology problems following recent trading interruptions.

MIAX Press Release - 09132013A




MIAX Options Exchange Announces MOU with Taiwan Stock Exchange; Listing of Options on EEM; and Commencement of Construction of Miami Office

September 04, 2013 01:04:05 PM

MIAX Options Exchange (MIAX) announced today that it has recently entered into a Memorandum of Understanding (MOU) with the Taiwan Stock Exchange (TWSE) for mutual cooperation and information sharing. The MOU signed by Sush-Der Lee, Chairman of TWSE, and Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX, marks the beginning of a collaborative relationship between the TWSE and MIAX. Cooperation on information sharing will facilitate the listing and trading of options on certain Exchange Traded Funds (ETFs) as well as certain indexes linked to TWSE listed stocks. MIAX also announced that on September 4, 2013, MIAX will begin listing Options on the iShares MSCI Emerging Markets ETF (Symbol: EEM), a highly traded ETF offering customers exposure to both Taiwanese companies and those in other emerging markets.

MIAX Press Release - 09042013A




MIAX Options Exchange Announces Equity Rights Program For Members of the Exchange

August 22, 2013 10:30:21 AM

The MIAX Options Exchange (“MIAX” or the “Exchange”) announced today that it anticipates implementing an equity rights program for Exchange members (the “Program”). Under the Program, participating Exchange members would be issued units representing the right to acquire equity in the MIAX’s parent holding company, Miami International Holdings, Inc., in exchange for a cash payment and the achievement of certain volume thresholds on the Exchange over a 23 month period. The purpose of the Program is to promote the long-term interests of MIAX by providing incentives designed to encourage MIAX market participants to contribute to the growth and success of MIAX, by being active liquidity providers and takers to provide enhanced levels of trading volume to MIAX’s market, through an opportunity to increase their proprietary interests in MIAX’s enterprise value. The implementation of the Program remains subject to review by the Securities and Exchange Commission and the publishing of a Form 19b-4 filing for notice and comment.

MIAX Press Release -08222013A




MIAX Options Exchange Announces Priority Customer Rebate Program For Exchange Members

June 28, 2013 08:30:27 AM

The MIAX Options Exchange (“MIAX” or the “Exchange”) announced today that it will implement a Priority Customer Rebate Program (the “Program”) for the period beginning July 1, 2013 and ending September 30, 2013. Under the Program, MIAX will credit each Exchange member a per contract amount resulting from each Priority Customer order transmitted by such member which is executed on the Exchange in all multiply-listed option classes, provided the member meets certain volume thresholds in a month. The purpose of the Program is to encourage Exchange members to direct greater Priority Customer order flow to the Exchange, allowing MIAX to compete more effectively for such transactions with other options exchanges that have implemented similar rebate programs.

MIAX Press Release - 06282013A




MIAX Options Exchange Announces Temporary Transaction Fee Waiver For MIAX Market Makers, Completion of Symbol Roll Out and Performance Statistics

May 31, 2013 08:30:14 AM

The MIAX Options Exchange (“MIAX” or the “Exchange”), the newest U.S. equity options exchange, announced today that it will temporarily waive all transaction fees that apply to MIAX market makers for the period beginning June 3, 2013 and ending July 31, 2013. Non-market maker transaction fees and other fees including connectivity and data fees will still remain in effect during this time.

MIAX Press Release - 05312013A




The MIAX Options Exchange Joins the Options Industry Council

February 11, 2013 02:07:29 PM

The MIAX Options Exchange (MIAX) has become a member of The Options Industry Council (OIC). MIAX joins OCC, its member firms and the other OIC exchanges in helping promote the responsible use of equity options through education.

MIAX Press Release - 02112013A




MIAX Options Exchange Successfully Launches

December 07, 2012 06:42:35 PM

MIAX Options Exchange (“MIAX”), the newest U.S. equity options exchange, announced a successful launch today of its much anticipated trading operations with the rollout of its first symbol, Cliffs Natural Resources Inc. (“CLF”). MIAX achieved approximately 4.21% of market share of CLF on its first day of trading.

MIAX Press Release - 12072012A




MIAX Options Exchange Waives Transaction Fees Until the End of the Year; Confirms December 7, 2012 Launch Date

December 06, 2012 07:24:37 PM

MIAX Options Exchange (“MIAX”), the newest U.S. equity options exchange, announced today that it will waive transaction fees until the end of the year, other than select transaction and regulatory fees applicable to members trading options on and using services provided by MIAX. MIAX also confirmed that it will launch trading operations on December 7, 2012, as previously announced.

MIAX Press Release - 12062012A




MIAX Receives Approval Order from the United States Securities and Exchange Commission to Become Newest Equity Options Exchange; Trading to Commence on December 7, 2012

December 04, 2012 12:42:32 PM

MIAX Options Exchange ("MIAX") announced today that on December 3, 2012, it received an Approval Order from the United States Securities and Exchange Commission ("SEC") of its Application for Registration as a National Securities Exchange, and thus MIAX will act as its own self-regulatory organization. [Release No. 34-68341; File No.10-207.] Trading on MIAX, a fully electronic options trading exchange, is scheduled to commence on December 7, 2012.

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MIAX Announces Additional Mock Trading Testing Dates for November

October 31, 2012 09:35:12 AM

MIAX Options Exchange ("MIAX") announced today that in preparation for the launch of its Options Trading Platform, MIAX is planning additional industry mock trading testing for November on the following dates:

  • Saturday 11/10/12  9:00 a.m.  1:00 p.m. ET
  • Saturday 11/17/12  9:00 a.m.  1:00 p.m. ET
MIAX Press Release - 10312012A




Miami International Securities Exchange Announces Additional Mock Trading Testing Dates

September 24, 2012 10:13:47 AM

Miami International Securities Exchange, LLC (“MIAX”) announced today that in preparation for the launch of its Options Trading Platform, MIAX is
planning additional industry mock trading testing on the following dates:

  • Saturday 10/13/12 – 9:00 a.m. – 1:00 p.m. ET
  • Saturday 10/20/12 – 9:00 a.m. – 1:00 p.m. ET
  • Saturday 10/27/12 – 9:00 a.m. – 1:00 p.m. ET
MIAX Press Release - 09242012A




Miami International Securities Exchange Announces Mock Trading Testing Dates

August 16, 2012 05:30:50 PM

Miami International Securities Exchance, LLC ("MIAX"), in preparation for the launch of its Options Trading Platform, has announced industry participation mock trading dates. The MIAX Options Exchange, which will be a fully-electronic options exchange, is planning to commence operations in October 2012, subject to SEC approval.

MIAX Press Release - 08162012A




SEC Publishes MIAX Form 1 Application on Website

August 16, 2012 05:30:30 PM

Miami International Securities Exchange, LLC ("MIAX") announced today that on August 15, 2012 its Form 1 Application was published on the U.S. Securities and Exchange Commission's (the "SEC") website along with a Notice of Filing of the application (the "Notice"). The MIAX Options Exchange, which will be a fully-electronic options exchange, is planning to commence operations in October 2012, subject to SEC approval.
 

MIAX Press Release - 08162012B




MIAX to Offer High Performance Trading Platform Built On Cisco Ultra-low Latency Intelligent Network

August 16, 2012 05:30:15 PM

Princeton, NJ and San Jose, Calif.  August 16, 2012  Miami International Securities Exchange, LLC (MIAX) announced today that it had selected Ciscos ultra-low latency intelligent network infrastructure for the trading platform of the MIAX Options Exchange.
 

MIAX Press Release - 08162012C




Miami International Securities Exchange Expands its Princeton, NJ Office Space

May 04, 2012 04:21:49 PM

Miami International Securities Exchange, LLC (“MIAX”) announces the expansion of its headquarters located at 7 Roszel Road in Princeton, New Jersey by approximately 12,700 square feet and the extension of its lease term until at least 2020. With the expansion, MIAX now occupies a total of approximately 27,000 square feet of Class A space at its Princeton headquarters. This additional space is being utilized to house MIAX’s technology development center and recently completed, state-of-the-art National Operations Center (the “NOC”) for the MIAX Options Exchange, a fully-electronic options exchange planning to commence operations in late September 2012, subject to SEC approval.

MIAX Press Release - 05042012A




Miami International Securities Exchange Files Form 1 Application with the SEC

May 02, 2012 09:14:34 AM

Miami International Securities Exchange, LLC ("MIAX") announced today that on April 26, 2012 it filed a Form 1 Application with the U.S. Securities and Exchange Commission ("SEC") to become a national securities exchange for the trading of options. The MIAX Options Exchange, which will be a fully-electronic options exchange, is planning to commence operations in late September 2012, subject to SEC approval.
 

MIAX Press Release - 05022012A




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