Miami International Securities Exchange ("MIAX") announced today that it has selected Cisco's ultra-low latency intelligent network infrastructure for the trading platform of the MIAX Options Exchange, a fully-electronic options exchange planning to commence operations in late September 2012, subject to SEC approval. MIAX's experienced technology team worked closely with Cisco Channel Partner, Continental Resources Inc., to develop an intelligent networking infrastructure to meet the unique demands of a high-speed trading environment. As a result, the MIAX Options Exchange trading platform was designed from the ground up to address the highly secure, functional and high-performance demands of the derivatives market.
Frank Ziegler, senior vice president of Systems Infrastructure at MIAX: "After a rigorous evaluation of industry-leading vendors and testing in our data center, we found that the technological capabilities and roadmap offered by the Cisco Nexus 3000 ultra-low latency network infrastructure were perfectly aligned to support the high-speed trading requirements of the MIAX Options Exchange. The Cisco Nexus 3000 and Nexus 5000 based intelligent network infrastructure created a stable, reliable network, which is essential to the value that the MIAX Options trading platform will bring to the traders on our exchange."
David Yen, senior vice president of Data Center Group at Cisco: "Cisco is focused on transforming how the network drives business innovation. We developed the Cisco Nexus 3000 switching series to provide high-speed trading environments with a highly secure, high-performance, ultra-low latency reliable network platform. By delivering Cisco's intelligent high-performance network infrastructure as part of its options trading platform, the MIAX Options Exchange is providing a trading platform with the proper protections, latency, and throughput to give its trading community a competitive advantage."