MIAX Options Exchange Successfully Launches

MIAX Options Exchange Successfully Launches PR Newswire PRINCETON, New Jersey, Dec. 8, 2012 PRINCETON, New Jersey, Dec. 8, 2012 /PRNewswire/ -- MIAX Options Exchange ("MIAX"), the newest U.S. equity options exchange, announced a successful launch today of its much anticipated trading operations with the rollout of its first symbol, Cliffs Natural Resources Inc. ("CLF"). MIAX achieved approximately 4.21% of market share of CLF on its first day of trading. Thomas P. Gallagher, MIAX's Chairman and Chief Executive Officer said, "Today marks a tremendous milestone for MIAX with the launch of our options exchange, and we are excited to commence trading operations on MIAX. Continued Gallagher, "We would like to thank all of our exchange members and order flow providers, members of the options industry, our investors and employees for their efforts toward a successful launch." "We are very satisfied with the performance of our systems during the first day of live trading," said Doug Schafer, Executive Vice President and Chief Information Officer at MIAX. Schafer continued, "All reports from our members have been overwhelmingly positive as our trading platform performed to their expectations. We are confident that the MIAX systems will be able to meet the trading needs of our members going forward." MIAX will begin rolling out additional symbols later this month, the details of which will be made available at www.MIAXOptions.com.