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Tag Archives: MIAX Options Exchange

Room For One More: MIAX Due To Open 15th US Options Exchange Blog,Options

MIAX options, the youngest exchange group in the US options industry, announced plans to launch MIAX Pearl in the fourth quarter. The new exchange, introduced at the Options Industry Conference in Palos Verdes, Calif., is pending regulatory approval. MIAX Pearl will offer a maker-taker pricing model. While much is made of the proliferation of US options markets and possible oversaturation of exchanges, MIAX executives believe they need to create the new market to continue their growth. Shelly Brown, senior vice president, strategic planning for MIAX, said MIAX was created in 2012 when 75 percent of the options volume flowed through…

JLN Options: Markets Are Jumpy Over Coming Leap Second; Investors Turn To Gold ETF Options As Hedges; Hedge Funds Trim Bullish Nasdaq Bets as Cost of Protection Soars Newsletter,Options

Observations & Insight Swimming With the Sharks in Miami Beach: Shelly Brown of MIAX Talks Competition Sarah Rudolph, JLN As the the newest independent options exchange, having launched on December 7, 2012, MIAX has had impressive growth considering the odds of competing against 11 other established exchanges. We spoke with MIAX’s CEO Shelly Brown at the Options Industry Conference in Miami Beach earlier this month about what MIAX is doing to stay competitive and about the challenges the industry is facing as a whole. The exchange’s market model is what sets it apart, Brown said. MIAX is a pro-rata allocation,…

Swimming With the Sharks in Miami Beach: Shelly Brown of MIAX Talks Competition Interview,Options

Sarah Rudolph

As the the newest independent options exchange, having launched on December 7, 2012, MIAX has had impressive growth considering the odds of competing against 11 other established exchanges. We spoke with Shelly Brown, senior vice president, strategic planning and operations at MIAX, at the Options Industry Conference in Miami Beach earlier this month about what the exchange is doing to stay competitive and about the challenges the industry is facing as a whole. The exchange’s market model is what sets it apart, Brown said. MIAX is a pro-rata allocation, conventional fee exchange with payment for order flow, closest to the…

Mostly Sunny: MIAX Options Exchange Grabbing Some Market share Blog,Options

As options exchanges jostle for position in a crowded field, the monthly OCC options market share report sometimes tells an interesting story. MIAX Options Exchange is one of them. MIAX posted total equity options market share of 4.38 percent in January, a nice jump from 2.65 percent a year earlier, according to the OCC Options Exchange market share data. Another notable leap was at BATS, which posted an 8.78 percent market share in January, up from 3.28 percent a year earlier, and up from 6.3 percent in December. (See Kansas City Swinging Hot BATS – http://jlne.ws/1LIKSPh) And it’s not just…

John Lothian Newsletter: Miami Options Exchange Gets SEC Approval; Eurex Exchange launches derivatives trading system; Interest-Rate Swap Futures Surpass $130 Million at CME Group John Lothian Newsletter,Newsletter

New options exchange MIAX gets a green light from the SEC, and will be able to open its doors as planned on December 7. Eurex Exchange launches the next generation of its derivatives trading system, beginning the months-long process of migrating its offerings onto the new platform. CME Group’s new interest rate swap futures contracts sees solid interest from traders.

John Lothian Newsletter: Miami International Sees September Launch For Stock-Options Exchange; Swaps clearing likely mandated by year-end: CFTC; LME signs up for high speed push John Lothian Newsletter,Newsletter

Miami International Holdings plans to start its new venture, the MIAX Options Exchange (in New Jersey, not Miami), in September 2012. The CFTC hopes to get a clearing mandate for swaps by year’s end. The LME wades deeper into electronic trading with fast data from Fixnetix. One more big basket of volume reports awaits in the Exchanges section; more stories throughout from the ISDA conference; and the top box today contains a JLN Metals interview with Chris Gale of Latin Resources Limited.