Last week MIAX PEARL Equities said it has begun trading in all NMS test symbols and will launch its first symbol on September 29. The exchange will roll out additional symbols from October 2.
The MIAX equities platform will supplement its existing three US equity options exchanges which have had significant market share gains this year according to a new report from Burton-Taylor International Consulting, part of TP ICAP’s data & analytics division.
Andy Nybo, managing director at Burton-Taylor, said in a statement: “Although incumbent exchanges are well-positioned to fend off competitive threats posed by these new entrants, the new exchanges will have a considerable impact on equity market structure resulting in shifting market shares, greater structural complexity, and changes in industry governance practices.”
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