Excellence in Every Exchange

About MIAX

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MIAX Markets

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MIAX® operates four U.S. options exchanges with technology, pricing models and trading protocols designed to support the unique demands of U.S. derivatives markets.

MIAX Options®

A pro-rata allocation model rewards market makers for providing continuous two-sided quotes.

MIAX Pearl®

A price-time priority allocation model with maker-taker pricing encourages liquidity-seeking strategies.

MIAX Emerald®

A pro-rata allocation model with maker-taker pricing encourages large bid-offer quantities and liquidity-seeking strategies.

MIAX Sapphire®

A price-time allocation model with taker-maker pricing, and a state-of-the-art open outcry trading floor in Miami.

MIAX Pearl® Equities is a fully-automated, electronic equities trading platform leveraging MIAX’s proprietary technology infrastructure.

MIAX Pearl® Equities

Access U.S. equity securities through a price-time allocation model with a maker-taker fee structure.

MIAX Futures® is a vertically-integrated futures exchange and clearing platform for futures and options on futures exclusive to MIAX, with trading powered by MIAX Futures Onyx.

MIAX Futures®

A designated contract market (DCM) and derivatives clearing organization (DCO).

MIAX’s offshore exchanges unlock access to diverse global asset classes with innovative regulatory and legislative frameworks

The Bermuda Stock Exchange (BSX)

Uniquely located between Europe and the Americas, BSX offers a distinctive offshore advantage, delivering world-class listing services for all asset classes supporting the global capital markets.

The International Stock Exchange (TISE)

Headquartered in Guernsey, Channel Islands, TISE provides financial markets and securities services to public and private companies, and is best known as Europe’s leading professional bond market.

QUIK Options for MIAX

Option Analytics for Everyone

Access advanced tools, insights and analytics tailored for all levels of options traders. Everything you need to make data-driven decisions, all in one place. Brought to you by MIAX and QUIKOptions

Cybersquatting Alert

MIAX is aware of various firms using domain names claiming association with MIAX. Please be advised that MIAX does not offer trading to individual investors. Further information can be found here.

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Market Data

Members can access proprietary market data from across the MIAX family of exchanges to support their investment strategies.