MIAX Technologies®
Our MIAX Technologies® are a key component of our business strategy and crucial to our success. We developed our own proprietary technology platform differentiated by its throughput, latency, reliability and wire-order determinism.
Our trading platform was custom built in-house by our experienced technology team to meet the unique functional and performance demands of equities and derivatives trading. It employs monitoring, security, and risk management tools that enable significant benefits for market participants trading on MIAX’s exchanges. We believe our innovative technology platform, coupled with our award-winning customer service, sets us apart from the competition:
“Best Trading Platform” for 2023 and 2024
“Best Options Trading Platform” for 2022
“Most Innovative Exchange Technology” for 2019 to 2021*
*Awards listed are from the annual Fund Intelligence Operations and Services Awards (formerly the Fund Technology & WSL Awards).
The MIAX trading platform was developed in-house and designed for the unique functional and performance demands of today’s electronic markets.
Our performance and scalability is designed to manage quotes and order volumes for as large number of instruments to minimize potential latency.
Our system provides participants with a consistent low-latency experience even in times of market stress allowing for higher quality markets.
The MIAX Emerald system is extremely deterministic and sequences orders that arrive within single digit nanoseconds of each other which is critical to the predictability of execution.
Our interface solutions facilitate well-defined, easy-to-implement, industry-accepted integration approaches.
We deploy the same technology platform across all our equities and options markets, providing a consistent customer experience that optimizes efficiency, versatility, resiliency and scalability. This allows us to quickly launch new markets and products.
Our platform undergoes continuous automated testing to ensure high reliability alongside advanced monitoring and systems security.
Our platform is highly resilient, with MIAX exchanges delivering 99.9998% operational uptime since inception. Our exchanges also maintain geographically diverse disaster recovery centers to ensure continuous operation.