MIAX Options® Exchange announced today that it won the "Most Innovative Exchange Technology" category at the Fund Technology and WSL Awards 2019. The Fund Technology and WSL Awards 2019 recognize and reward providers catering to asset managers and institutional traders that have demonstrated exceptional customer service and innovative product development over the past 12 months. This is the first time MIAX Options has won in this category. Previously, MIAX Options was named "Best Overall Exchange" in 2017 and won "Best Infrastructure/Technology Initiative by Exchange/ATS" in 2015, 2016 and 2018.
MIAX Options is a fully electronic options exchange that is part of the MIAX Exchange Group™ along with MIAX PEARL™. A third exchange, MIAX Emerald, is scheduled to join the MIAX Exchange Group on March 1, 2019, subject to the SEC's final approval of this launch date. The entire MIAX Exchange Group leverages the industry-leading technology of MIAX Options.
"We are honored to be recognized for our exchange technology that was designed and built completely in-house by the MIAX technology teams," said Matt Rotella, Senior Vice President and Chief Technology Officer of MIAX. "This award highlights our commitment to designing and implementing innovative exchange technology for our member firms, and we would like to thank the Fund Technology and WSL Awards 2019 judges for this recognition."
Added Douglas M. Schafer, Jr., Executive Vice President and Chief Information Officer of MIAX, "In an industry based heavily on the function, quality and performance of technology, this award is a tremendous achievement for the MIAX technology teams that work in concert to bring best-of-breed solutions to the exchange marketplace, and I applaud them for their vision and drive. We are very proud of the exchange technology that we have built and look forward to providing continued technological innovation to the exchange industry."
About MIAX Options and MIH
Miami International Securities Exchange, LLC (MIAX Options) is a fully electronic options trading exchange and wholly-owned subsidiary of Miami International Holdings, Inc. (MIH). MIAX Options currently lists and trades options on approximately 2,800 multi-listed classes. MIAX Options' unparalleled system throughput is approximately 38 million quotes per second. The average latency for a single quote on MIAX Options is approximately 16.49 microseconds for a full round trip. At the 99th and 99.9th percentiles, the latency on MIAX Options is approximately 23.71 and 67.64 microseconds, respectively. MIAX Options is part of the MIAX Exchange Group along with MIAX PEARL, LLC (MIAX PEARL™), MIH's second options exchange. A third options exchange, MIAX Emerald, LLC (MIAX Emerald), is expected to join the MIAX Exchange Group on March 1, 2019, subject to the SEC's final approval of this launch date.
