Miami International Holdings, Inc. (NYSE: Miax) today announced the successful launch of Miax Sapphire Options Trading Floor in Miami, Florida.
“The launch of the new Miax Sapphire Trading Floor is a central milestone for Miax, as we are now able to offer our market participants access to 100% of the multiple registration options market,” said Thomas P. Gallagher, president and chief executive of Miax. “Miami quickly emerges as an important global financial center as a result of its business climate, favorable tax advantages and a growing team of financial service professionals.
Miax Sapphire is the first national capital market exchange to open a trading floor in Miami and only the second open trading floor to start in the last 50 years. The installation of 38,400 square feet covers the ninth floor of the WYN 545 building in the Wynwood area of Miami, with panoramic views of the city horizon. Its features include a state -of -the -art trading flooring, office spaces, conference facilities and a Bloomberg TV studio.
The floor of the transactions was designed with special attention to the quality of the sound, the lighting, the vision lines and the securing the optimum provision for market participants.
“We have worked closely with our companies to build a modern commercial floor designed meticulously to support the complex needs of the US choices industry,” said Douglas M. Schafer, executive vice president and head of information at Miax. “Miax Sapphire is fueled by our signature, privately owned technology aimed at maximizing liquidity and enhancing price discovery, while automation of manual processes inheritance in heritage exchanges to increase efficiency.”
Miax Sapphire is Miax’s fourth national capital market work on US multi -layered choices and operates both an electronic exchange that started in August 2024 and the natural floor.