Thursday, 8 February 2018

MIAX PEARL Achieves over 4% Market Share on Eve of One-Year Anniversary








PRINCETON, New Jersey, Feb. 8, 2018 /PRNewswire/Knowledge Bylanes -- MIAX PEARL announced that it achieved over 4% market share on February 2, 2018, establishing a new market share record on the eve of its one-year anniversary. Successfully launched on February 6, 2017, MIAX PEARL currently lists and trades options on over 2,700 multi-listed classes and has experienced a dramatic increase in market share and contract execution in just one year's time. In addition to its recent market share record, MIAX PEARL also established new monthly and daily contract records of 10,743,160 and 1,186,574 in January 2018 and on February 2, 2018, respectively.
Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX PEARL, said, "We are very pleased with MIAX PEARL's overall performance during its first year of operations and the speed at which the exchange has been embraced by the trading community. With many of our competitors offering similar allocation and pricing models, for MIAX PEARL to achieve over 4% market share in less than a year since launch is a tremendous achievement and of which we are very proud." Continued Gallagher, "We look forward to MIAX PEARL's continued success as it establishes itself as one of the premier trading venues in the U.S."
Kurt M. Eckert, Partner and Head of Market Structure at Wolverine Trading, LLC and current director of both MIAX PEARL and MIAX Options, added, "MIAX PEARL has been an excellent addition to the MIAX Exchange Group and complements the allocation and pricing model of MIAX Options well. It is great to see both MIAX PEARL and MIAX Options having such an impact on the U.S. options exchange space in such a short time period."
John DiBacco, Jr., trader at Virtu Financial LLC and current director of MIAX Options, commented, "Congratulations to MIAX PEARL on its one-year anniversary and its incredible market share growth during that time. Such growth confirms that the technology, risk protections and customer service offered by MIAX PEARL have been widely accepted by customers."
Richard Herr, Managing Director, Investment Banking at Sandler O'Neill + Partners, L.P. and current director of MIAX PEARL, further added, "MIAX PEARL's growth over the past year has been remarkable to watch and I would like to congratulate the entire team on what has been accomplished in the past 12 months."
For further information regarding MIAX PEARL, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com.






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