Miami International Holdings, Inc. (MIH) announced today that the new MIAX Sapphire options physical trading floor will be located at 545 Wyn Building in the Wynwood area of Miami.
The new MIAX Sapphire Exchange will be MIAX’s fourth national securities exchange for US multi-listed options and will operate both an electronic exchange and a physical trading floor. The electronic exchange is expected to launch in the second quarter of 2024, with physical trading to go live in the second half of 2024, subject to regulatory approval.
The MIAX Sapphire trading floor will be the first national securities exchange to operate in Miami, Florida and will include next-generation trading floor space, ancillary office space for MIAX employees and market participants, conference facilities and broadcast media space. Additional tenants at 545 Wyn include Sony Music and PwC.
“As the second largest international financial hub on the East Coast, Greater Miami is at the forefront of financial services innovation, which is consistent with MIH’s history and culture,” said Rodrick T. Miller, President and CEO , Miami-Dade Beacon Council. “The new MIAX Sapphire trading floor will serve as a key financial tenant for the Wynwood area, leveraging diverse local talent and attracting additional financial firms to our thriving business ecosystem. We are proud to have supported MIAX’s expansion to Miami and will continue to work with them as they engage with our community.”