Our History of Growth
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2022
MIAX® Launches its First Fully-Electronic Options Exchange
MIAX launched MIAX Options®, its first fully-electronic options exchange for the trading of OCC-issued standardized options on equities and ETFs.
The approval of the MIAX Options Exchange is a significant milestone,” Thomas P. Gallagher, the company’s chairman and chief executive officer, said in a statement. “We are excited to enter into the U.S. options space and commence trading.
Read more- Nina Mehta, Bloomberg
MIAX Launches MIAX Pearl
Its second fully-electronic options exchange, MIAX Pearl® serves as a counterpart to MIAX Options by providing a price-time allocation and maker-taker pricing model while leveraging our award-winning technology platform.
OCC congratulates the Miami International Securities Exchange on the successful launch of MIAX Pearl,” Craig Donohue, OCC executive chairman and CEO, said. “We are pleased to provide central counterparty clearing and settlement services to our newest participant exchange. As a Systemically Important Financial Market Utility and the foundation for secure markets, we look forward to the continued success of MIAX Pearl and continued growth of the U.S. exchange-traded options industry.
Read more- Editorial Staff, Traders Magazine
MIAX Launches MIAX Emerald
MIAX’s third options exchange, MIAX Emerald®, provides a pro-rata allocation and maker-taker pricing model, and with its launch provides MIAX with access to 88% of total U.S. options market volume.
OCC congratulates the Miami International Securities Exchange on the successful launch of MIAX Emerald.
Read more- John Davidson, OCC chief executive officer, Press Release, OCC
MIAX Expands into Equities with MIAX Pearl Equities Launch
MIAX launched its first equities exchange, MIAX Pearl® Equities, leveraging the technology built for our options exchanges and offering trading in U.S. cash equities with price-time allocation and maker-taking pricing.
This caps an incredibly exciting few weeks that included the announced plan of merger with the Minneapolis Grain Exchange and the successful closing of a strategic equity rights transaction for MIAX Pearl Equities,” Douglas M. Schafer, Jr., executive vice president and chief information officer of MIH, said. “We look forward to our member firms experiencing the performance, reliability, customer service and low-cost that MIAX Pearl Equities brings to the equities marketplace.
Read more- Press Releases, AP News
MIAX Acquires Full Ownership of Minneapolis Grain Exchange (MGEX™)
MIAX acquires a historically-recognized futures exchange, creating new access to clearing house services as a Designated Clearing Organization (DCO) and Derivatives Contract Market (DCM).
When you’re leading an organization that’s been around for nearly 140 years, you do feel a sense of pride in that long history,” said Mark Bagan. “I’m very proud to preserve that.
Read more- Kavita Kumar, Star Tribune
MIAX Expands Globally through the Acquisition of The Bermuda Stock Exchange
BSX specializes in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants, and insurance linked securities.
Working alongside the MIH team during the past year has proven highly beneficial for both parties, and MIH’s decision to now acquire 100% ownership of BSX speaks to growth opportunities that MIH sees in our exchange. BSX is excited to add to the company’s bottom line and continued success.
Read more- Greg Wojciechowski, Bernews
MIAX Acquires Dorman Trading, A Full-Service FCM
MIAX expands its U.S. Futures operations with the acquisition of CFTC-registered Futures Commission Merchant, Dorman Trading.
Dorman Trading is proud of the service-oriented, customer-centric business model we have used to provide clearing services to our customers for the past 40 years. We are excited to grow our capabilities and services as we embark on this next step in our history, combining Dorman Trading’s experience as an FCM with MIAX’s resources and vision.
Read more- Daniel P. Dorman, Senior Vice President and Chief Operating Officer of Dorman Trading, Traders Magazine