Miami International Holdings Unveils State-of-the-Art Options Trading Floor to Boost Financial Markets

Miami International Holdings Unveils MIAX Sapphire

On September 16, 2025, Miami International Holdings, Inc. (often referred to as MIAX) proudly announced the opening of its new options trading floor, MIAX Sapphire, located in the vibrant city of Miami, Florida. This monumental launch marks a significant advancement in regulated financial markets, especially for multi-listed options trading.

The new MIAX Sapphire trading floor is a state-of-the-art facility that occupies an impressive 38,400 square feet on the ninth floor of the modern 545 Wyn building, situated in Miami's burgeoning Wynwood district. With panoramic views of the Miami skyline, the floor is designed to meet the dynamic needs of market participants, featuring a sophisticated trading floor, office spaces, conference rooms, and even a Bloomberg TV broadcast studio.

A Game-Changer for Miami's Financial Landscape

Tom Gallagher, the Chairman and CEO of MIAX, emphasized the signage of this event as a pivotal move for the company, stating that it significantly enhances MIAX's presence in Miami, a city that is swiftly gaining recognition as a crucial global financial center. "The favorable business climate, strategic tax advantages, and an expanding talent pool of financial professionals make Miami an ideal location for our new trading floor," Gallagher noted. The recent developments further reinforce Miami's reputation as 'Wall Street South'.

MIAX Sapphire is not just the first national securities exchange trading floor in Miami; it is only the second open outcry trading floor to launch in the last half-century in the United States. The new trading floor is distinct because it operates alongside MIAX's existing electronic exchange, which was launched in August 2024, offering a comprehensive platform for U.S. multi-listed options.

Tailored for Modern Needs

Douglas Schafer, Executive Vice President and Chief Information Officer at MIAX, shared insights into the design and technology underpinning the MIAX Sapphire. The floor was meticulously crafted through close collaboration with various member firms to ensure it meets the complex requirements of the U.S. options industry. Notably, the design took into account essential factors such as sound quality, lighting, sight lines, and layout, thus creating an optimal environment for market operatives.

The trading floor is powered by proprietary technology developed by MIAX, aimed at maximizing liquidity, enhancing price discovery, and automating various manual processes that are usually found in legacy exchanges. This technological advancement is expected to significantly improve efficiency within the trading ecosystem.

The Future of Trading in Miami

As the fourth national securities exchange in the U.S. dedicated to multi-listed options, MIAX is not only expanding its geographical footprint but is also enhancing the trading experience for participants. The MIAX Sapphire will serve as a hub for innovation and development in the financial markets, positioning Miami as a key player in the world of finance.

In conclusion, with the launch of the MIAX Sapphire trading floor, Miami International Holdings is not just paving its way; it is indeed revolutionizing the financial markets landscape in South Florida. The future looks promising as Miami continues to develop a robust platform for global financial activities, and the MIAX Sapphire stands at the forefront of this exciting evolution.

For more information about the services offered at MIAX and the MIAX Sapphire trading floor, please visit www.miaxglobal.com.