Miami International Holdings, Inc. (MIH), owner of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEX™), The Bermuda Stock Exchange (BSX™), and Dorman Trading LLC announced today the celebration of the 10-year anniversary of the launch of MIAX Options® with a ceremonial bell ringing at its Princeton, N.J. headquarters.
"Today is a truly momentous day in the history of Miami International Holdings as we celebrate the 10-year anniversary of the launch of MIAX Options," said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH. "I would like to thank all of our investors, directors and member firms for their unwavering support over the past decade. I also would like to extend my gratitude to all of our employees who have worked tirelessly to build MIAX Options into what it has become today."
Since its launch on December 7, 2012, over 2.6 billion contracts have been executed on MIAX Options, with the exchange experiencing 99.999% operational uptime since inception. MIAX Options has reported a number of key milestones during 2022, including record year-to-date volume of 501.2 million contracts through November and a single day volume record of 3.9 million contracts on November 11, 2022.
"Our focus on providing industry-leading technology, superior customer service and outstanding risk protections have all contributed to the success of MIAX Options," said Douglas M. Schafer, Executive Vice President and Chief Information Officer. "The growth of MIAX Options is a result of the dedication of our employees who have focused on providing a technology-first, customer centric approach to building an exchange that caters to the exacting needs of our customers and trading communities."
"The 10-year anniversary of MIAX Options and its growth record are a clear testament to our strategy of working with our member firms to build a marketplace designed to meet the needs of today's electronic options markets," added Shelly Brown, Executive Vice President of Strategic Planning and Operations. "We will continue to work with our members and the industry to provide new technology and tools to support the constantly evolving options markets."
