MIAX Parent to Launch Equities Exchange

Miami International Holdings, Inc., the parent holding company of the MIAX, MIAX PEARL and MIAX Emerald options exchanges, announced that it has partnered with a number of industry-leading liquidity providers and market makers to launch a cash equities exchange under MIAX PEARL’s exchange license. MIAX PEARL Equities is expected to launch in Q2 2020, subject to SEC approval. The transaction will provide participants with the right to invest in MIH in exchange for the prepayment of certain transaction fees and the achievement of certain liquidity volume thresholds on MIAX PEARL Equities. Among the firms participating, MIH announced new partners CTC Trading Group and Hudson River Trading, as well as the continued support from existing members IMC, Simplex Trading, Susquehanna Securities, and Two Sigma Securities.