Miami International Holdings, Inc. (MIH) today announced that the SEC has approved MIAX Emerald’s application for registration as a national securities exchange. MIH expects to launch its third options exchange on February 22, 2019. Following launch, MIAX Emerald will be the newest member of the MIAX Exchange Group, which currently consists of MIAX Options® and MIAX PEARL™, and its hybrid market model with pro rata allocation and maker-taker pricing will enable the MIAX Exchange Group further meet the needs of its member firms by providing access to a specific market segment.
“Receiving approval from the SEC to launch our third options exchange since 2012 is a tremendous achievement, and we look forward to MIAX Emerald officially joining the MIAX Exchange Group in February 2019,” said Thomas P. Gallagher, Chairman and CEO of MIH. “Though the approval of MIAX Emerald took an entire company effort, and I would especially like to recognize and thank Barbara J. Comly, General Counsel of MIH, and her legal team for spearheading the application process. The efficiency with which they were able to formally file MIAX Emerald’s Form 1 Application in August and obtain approval within five months is truly remarkable.”
“We are very pleased that the SEC has approved MIAX Emerald’s application,” said Barbara J. Comly, Executive Vice President and General Counsel of MIH. “We would like to thank Chair Clayton and all of the SEC Commissioners and Commission Staff for their support throughout the entire approval process and vote of confidence in the launch of MIAX Emerald.”
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.
