MIAX Opens First National Options Trading Floor in Miami

Miami International Holdings, Inc. (NYSE: MIAX) has officially launched MIAX Sapphire, a state-of-the-art options trading floor in Miami, marking the city’s first national securities exchange presence and only the second open outcry trading floor in the U.S. in 50 years.

Located on the ninth floor of the 545 Wyn building in Wynwood, MIAX Sapphire spans 38,400 square feet, offering panoramic skyline views, advanced trading infrastructure, office space, conference facilities, and a Bloomberg TV broadcast studio. The floor was designed with precise attention to sound quality, lighting, sight lines, and operational layout, aiming to enhance workflow for market participants.

Miami Emerges as “Wall Street South”

“The launch of MIAX Sapphire is a pivotal milestone,” said Thomas P. Gallagher, Chairman and CEO of MIAX. “Miami is quickly emerging as a major global financial center due to its business climate, tax advantages, and growing financial talent pool. Opening the city’s first trading floor reinforces Miami’s status as Wall Street South and strengthens our presence in our namesake city.”

Tech-Driven, Efficiency-Focused Trading

MIAX Sapphire is built around the company’s proprietary technology platform, which automates many legacy exchange processes while maximizing liquidity and supporting robust price discovery. “We collaborated closely with our member firms to create a modern trading floor tailored to the complex needs of the U.S. options market,” said Douglas M. Schafer, Executive VP and CIO of MIAX.

By combining cutting-edge infrastructure with traditional open outcry trading, MIAX aims to deliver both technological efficiency and human-driven market dynamics, positioning Miami as a hub for options trading innovation in the U.S.