Miami Options Exchange Gets SEC Approval, Will Start Dec. 7
MIAX Options Exchange plans to start trading on Dec. 7 as the 11th U.S. equity derivatives market.
“The approval of the MIAX Options Exchange is a significant milestone,” Thomas P. Gallagher, the company’s chairman and chief executive officer, said in a statement. “We are excited to enter into the U.S. options space and commence trading.”
The exchange’s trading platform was developed internally by the company, the statement said.
The company is planning a stock exchange and a futures market. The SEC must approve the equities venue before it can be introduced while the Commodity Futures Trading Commission must assess any application to start a futures exchange.
The company’s headquarters and technology development unit are in Princeton. Additional offices will be in Miami.
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