MIAX PEARL, the newest U.S. equity options exchange, today confirmed that it will launch trading operations on Monday, February 6, 2017 at 9:30 a.m., Eastern Standard Time. MIAX PEARL further confirmed that IBM will be its first symbol listed for options trading. MIAX PEARL is the second exchange offered by its parent holding company Miami International Holdings, Inc. The first exchange, MIAX Options, began operations in December of 2012, and executed 6.81% of U.S. equity options industry volume in 2016. To date, MIAX Options has executed more than 690 million contracts.
"Monday, February 6th will mark a tremendous milestone for us with the launch of MIAX PEARL and the culmination of many hours of hard work and commitment," said Thomas P. Gallagher, Chairman and Chief Executive officer of MIAX PEARL. "We would like to thank our MIAX PEARL Board members, our MIAX PEARL member firms, our stockholders and employees for their efforts toward a successful launch."
"We are excited for MIAX PEARL to officially go live and become the industry's newest price-time exchange," said Douglas M. Schafer, Jr., Executive Vice President and Chief Information Officer of MIAX PEARL. "Our systems have performed exceptionally during industry-wide testing and our member firms are eager to now experience the ultra-low latency and exceptional throughput capabilities of our technology platform during live trading."
Added Barbara J. Comly, Executive Vice President and General Counsel of MIAX PEARL "We are pleased to be launching trading operations on Monday following the receipt of all necessary approvals from the U.S. Securities and Exchange Commission."
For further information regarding MIAX PEARL, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com.
