#USA #Miami #MIAX #Horizon Kinetics #Murray Stahl

In Memoriam: Honoring the Legacy of Murray Stahl at MIAX

On April 9, 2026, Miami International Holdings, Inc. (NYSE: MIAX) shared with deep sorrow the news of the passing of Murray Stahl, a distinguished member of its Board of Directors. Murray was not just a board member but a pivotal figure whose contributions significantly shaped the organization and its mission. As the Chairman and Chief Executive Officer Thomas P. Gallagher noted, the loss of Murray is felt profoundly by all who knew him.

Murray Stahl joined the MIAX Board in July 2025. His rich background included leadership positions at Horizon Kinetics Holding Corporation, where he served as CEO, Chairman, and co-founder, as well as being CEO of FRMO Corp and holding board positions at Texas Pacific Land Corporation and other private firms. His influence extended beyond the roles he held; he was known for his exceptional leadership and integrity.

Murray's impact on MIAX can hardly be overstated. For more than 15 years, Gallagher worked alongside him, witnessing not only his impressive professional capabilities but also his generosity and respect towards his peers. Murray believed passionately in the vision MIAX pursued, consistently offering unwavering support that inspired others. His deep understanding of the financial markets and strategic insight were invaluable to MIAX as it built its reputation as a technology-driven leader in the financial sector.

In addition to his involvement with MIAX, Murray dedicated his expertise to the Bermuda Stock Exchange (BSX) Council, contributing significantly to the growth and governance of regulated financial markets on an international scale. His extensive experience in building and operating exchanges positioned him as a thought leader and practitioner in the field.

Murray's passion was evident not only in his professional commitments but also in his interactions with colleagues and stakeholders. He spent time cultivating relationships built on trust and mutual respect, fostering a culture of collaboration that benefited all those around him. His leadership style was characterized by a personal touch, where he engaged with team members authentically and inspired them to excel.

As MIAX moves forward, the organization will honor Murray's memory and continue to build on the foundation he helped lay. His spirit will endure in the values that MIAX upholds, particularly in the areas of innovation, integrity, and community support. The MIAX family extends its condolences to Murray's family and all who had the privilege of knowing him.

As the financial sector continues to evolve, Murray's legacy remains a guiding force for MIAX. The board members and colleagues will strive to carry forward the principles that he championed, embodying the love for the markets and commitment to excellence that he exemplified.

In conclusion, Murray Stahl leaves behind not just a professional legacy, but also personal connections that will linger in the hearts of those who knew him. Miami International Holdings is thankful for his contributions and will continue to honor his memory in all future endeavors.

For those interested, further information about MIAX's initiatives and updates can be found on their official website, www.miaxglobal.com.