MIAX Options Exchange Announces August 2015 Volume Records
PRINCETON, New Jersey, Sept. 1, 2015 – MIAX Options Exchange (MIAX®) announced today that it established new monthly volume records for total contracts executed on MIAX and average daily volume (ADV) during August 2015. For the month, over 25 million contracts were executed on MIAX, equating to an ADV of over 1.2 million contracts. MIAX’s record monthly ADV represented a 133% increase compared to its August 2014 ADV, while the over 25 million contracts executed on MIAX represented a 133% increase from the approximately 10.8 million contracts executed in August 2014. The increase in the number of contracts executed on MIAX in August even exceeded July 2015’s record of over 24.5 million contracts by more than 500 thousand contracts.
In commenting on August’s results, Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX, stated, “We are pleased with our August 2015 performance results, particularly on August 21st when MIAX established its new single day contract volume record with a total of over 1.9 million executed contracts.” Gallagher commented further, “We look forward to MIAX experiencing increased volume and market share growth for the remainder of 2015, and we thank our MIAX member firms for their continued support.”
Added Douglas M. Schafer, Jr., MIAX’s Executive Vice President and Chief Information Officer, “Our MIAX systems performed as expected and it is gratifying to see that we were able to maintain the same level of service to our member firms without any degradation in the speed of execution at MIAX despite the recent period of extreme volatility experienced in the markets.”
About MIAX and MIH
MIAX, which commenced operations on December 7, 2012, is a fully electronic options trading exchange approved by the SEC as a national securities exchange on December 3, 2012. MIAX has assembled a team with deep rooted experience in developing, operating and trading on options exchanges. Its trading platform has been developed in-house and designed from the ground up for the unique functional and performance demands of derivatives trading. MIAX Options now lists and trades options on over 2,300 multi-listed classes. The MIAX Options Exchange’s unparalleled system throughput is approximately 27 million quotes per second. The average latency for a single quote on MIAX is approximately 28.89 microseconds for a full round trip. At the 99th percentile, the latency on MIAX is approximately 43.90 microseconds. At the 99.9th percentile, the latency on MIAX is approximately 79.01 microseconds. The MIAX executive offices and technology development center as well as the National Operations Center for the MIAX Options Exchange are located in Princeton, New Jersey.
MIAX, Miami International Technologies, LLC (MIAX Technologies) and MIAX Global, LLC (MIAX Global) are wholly-owned subsidiaries of Miami International Holdings, Inc. (MIH). MIAX Technologies is the Company’s technology subsidiary for the sale and/or license of MIAX trading technology. MIAX Global focuses on the Company’s trading, technology and other projects based outside of North America, initially focusing on Europe and Latin America.