On Thursday, the MIAX Options Exchange (MIAX) announced it had completed a recent rollout of 388 additional option classes. The exchange now lists options on 983 underlying equities securities representing over 95% percent of the equity options industry volume traded on December 16, 2013.
Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX, said via a press release,??We are pleased to have completed our latest rollout. We have broadened MIAX?s product offerings with this rollout to include a larger segment of the option business and have made MIAX one of the preeminent venues for options trading within one year of launching our exchange.??
In November, MIAX had?1.50% of total options market share and 1.63% equity options market share. The exchange recently celebrated its one-year anniversary of operations on Dec. 7, 2013. In that time, it?achieved an uptime of 100%.
In addition, on Dec. 6, MIAX saw a record number of contracts traded of more than 500,000 contracts; this represented 3.36% of equity options volume.
Doug Schafer, Executive Vice President and Chief Information Officer of MIAX, said in a press release noting its first year of operations, ?As we move into our second year of operation, the MIAX team is laser focused on delivering the additional functionality, features and protections requested by our members while continuing to maintain our reputation for providing a quality customer experience.?
MIAX also recently announced that it had gained approval to join the World Federation of Exchanges (WFE) as a Correspondent Exchange.?