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Miami International Holdings, Inc. (MIH) today announced that MIAX Emerald will launch trading operations on February 22, 2019, pending SEC approval. MIAX Emerald will officially join MIH's other exchanges, MIAX Options® and MIAX PEARL™, as part of the MIAX Exchange Group. Specifically designed as a hybrid market model with pro rata allocation and maker-taker pricing, MIAX Emerald will serve to complement the market models of MIAX Options and MIAX PEARL and expand the MIAX Exchange Group's trade execution capabilities into a market segment currently not offered to its member firms.
"We are pleased to announce the launch date of our newest options exchange, MIAX Emerald," said Thomas P. Gallagher, Chairman and CEO of MIH. "February 22, 2019 will mark another great achievement in the history of our company and create a MIAX Exchange Group capable of addressing all of the electronic trading needs of our member firms. Additionally, with the addition of MIAX Emerald, the MIAX Exchange Group will be better poised to handle any future U.S. trading volume shift into a given market segment due to the unique market model of each of our exchanges."
For more information on MIAX Emerald interface specifications, please visit: https://www.miaxoptions.com/interface-specifications/emerald.
MIAX Emerald pricing information will be made available at a later date. Please contact MIAX Trading Operations at TradingOperations@MIAXOptions.com or (609) 897-7302 to coordinate connectivity and interface testing.
For further information regarding the MIAX Exchange Group, please visit www.MIAXOptions.com. To learn more about trading on the MIAX Exchanges, please contact Sales at Sales@MIAXOptions.com or MIAX Trading Operations at TradingOperations@MIAXOptions.com.
