Difference between revisions of "MIAX Options Exchange"
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Through August 2013 MIAX had captured .68% of the exchange traded equity options volume in 2013. | Through August 2013 MIAX had captured .68% of the exchange traded equity options volume in 2013. | ||
| − | In October 2013 MIAX Options Exchange agreed to sell a stake in itself to six of its largest members. The deal gives Bank of America Merrill Lynch, Morgan Stanley, Wolverine, Interactive Brokers, Susquehanna International Group, and KCG Holdings the right to purchase up to 19.9 percent each of MIAX's parent company Miami International Holdings over a two-year period. The company is currently owned by Kuwaiti consortium IFA Group and other investors based in the U.S. and overseas. | + | In October 2013 MIAX Options Exchange agreed to sell a stake in itself to six of its largest members. The deal gives Bank of America Merrill Lynch, Morgan Stanley, Wolverine, Interactive Brokers, Susquehanna International Group, and KCG Holdings the right to purchase up to 19.9 percent each of MIAX's parent company Miami International Holdings over a two-year period. The company is currently owned by Kuwaiti consortium IFA Group and other investors based in the U.S. and overseas.<ref>{{cite web|url=http://www.tradersmagazine.com/news/MIAX-Trades-Ownership-Stake-for-Order-Flow-in-Deal-with-Six-Big-Members-111586-1.html?ET=tradersmagazine:e2384:1170180a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=tm_xtra_100213|name=MIAX Trades Ownership Stake for Order Flow in Deal with Six Big Members|org=Traders Magazine|date=October 2, 2013}}</ref> |
==JLN Options Interview with MIAX== | ==JLN Options Interview with MIAX== | ||
Revision as of 15:13, 2 October 2013
| MIAX Options Exchange | |
| |
| Founded | 2012 |
|---|---|
| Headquarters | Princeton, NJ |
| Key People | Thomas P. Gallagher, Chairman and CEO |
| Employees | 75 |
| Products | Equity Derivatives Exchange |
| Website | http://www.miaxoptions.com/- |
| Releases | Company News |
The MIAX Options Exchange is a U.S. equity derivatives market. It received regulatory approval on Dec. 3, 2012 and began operations on Dec. 7, 2012.[1] MIAX acts as its own self-regulatory organization.
The national operations center for MIAX is housed at a facility in Princeton, New Jersey. Additional executive offices, as well as a multi-purpose training, meeting and conference center are located in a facility in Miami, Florida.
MIAX is owned by Miami International Holdings, Inc., based in Princeton, New Jersey.[2]
Through August 2013 MIAX had captured .68% of the exchange traded equity options volume in 2013.
In October 2013 MIAX Options Exchange agreed to sell a stake in itself to six of its largest members. The deal gives Bank of America Merrill Lynch, Morgan Stanley, Wolverine, Interactive Brokers, Susquehanna International Group, and KCG Holdings the right to purchase up to 19.9 percent each of MIAX's parent company Miami International Holdings over a two-year period. The company is currently owned by Kuwaiti consortium IFA Group and other investors based in the U.S. and overseas.[3]
JLN Options Interview with MIAX
Sun rises on Miami Options Exchange:
Shelly Brown and Doug Schafer talk about the new Miami Options Exchange
The much anticipated MIAX Options Exchange launched December 7, 2013, making it the 11th options exchange in the United States. Jim Kharouf, editor-in-chief of John Lothian News, spoke with Shelly Brown, senior vice president, strategic planning and operations with MIAX Options, and Doug Schafer, executive vice president, chief information officer and director of the exchange at the Options Industry Conference in Las Vegas. They say MIAX’s 72-person team has two things that differentiate it from the pack - speed and a regulator approval-pending order function that’s designed to tighten quotes and reward market makers for tighter quoting. They also touched on its next two exchanges that will be based in Miami, with a Latin American view. [1]
Key People
- Thomas P. Gallagher, MIAX's Chairman and Chief Executive Officer
- Shelly Brown, Sr. Vice President, Strategic Planning & Operations
References
- ↑ Press Release. PR Newswire.
- ↑ Miami Options Exchange Gets SEC Approval, Will Start Dec. 7. Bloomberg.
- ↑ MIAX Trades Ownership Stake for Order Flow in Deal with Six Big Members. Traders Magazine.
