#USA #Miami #Miami International #options trading #MIAX Sapphire

Introduction

On September 16, 2025, Miami International Holdings, Inc. (often referred to as MIAX) proudly announced the opening of the MIAX Sapphire options trading floor in Miami, Florida. This cutting-edge facility marks a significant milestone for MIAX as it enhances the accessibility and efficiency of the multi-listed options market for its participants.

A Strategic Move

Thomas P. Gallagher, the Chairman and CEO of MIAX, emphasized that this launch signifies a pivotal moment for the company. He stated, "The launch of the new MIAX Sapphire trading floor is a pivotal milestone for MIAX, as we are now able to offer our market participants access to 100% of the multi-listed options market." Gallagher highlighted the fact that Miami is increasingly recognized as a global financial center, thanks to its thriving business environment, advantageous tax policies, and a growing pool of financial talent. The establishment of the trading floor positions Miami as "Wall Street South," bolstering its financial reputation.

MIAX Sapphire's Unique Features

The MIAX Sapphire trading floor is remarkable not only for its innovative technological integration but also for its physical features. Spanning 38,400 square feet on the ninth floor of the 545 Wyn building located in Miami's vibrant Wynwood district, the trading floor provides breathtaking panoramic views of the city skyline. The facility is equipped with a state-of-the-art trading floor, ample office space, modern conference facilities, and even a Bloomberg TV broadcast studio, making it a comprehensive hub for financial activities.

Design elements focusing on sound quality, lighting, and sight lines were meticulously planned to create an optimal environment for market participants. This attention to detail facilitates better decision-making and communication among traders, enhancing the overall trading experience.

Advanced Technology Integration

MIAX's Executive Vice President and Chief Information Officer, Douglas M. Schafer, noted the collaboration with member firms was crucial in the development of this modern trading floor. The MIAX Sapphire is underpinned by proprietary technology aimed at maximizing liquidity, improving price discovery, and automating many of the time-consuming manual processes traditionally associated with legacy exchanges. This innovative approach not only boosts efficiency but also elevates the trading experience for all stakeholders involved.

MIAX Sapphire represents the fourth national securities exchange focused on U.S. multi-listed options that MIAX has launched, complementing its electronic exchange introduced in August 2024. This dual approach serves the growing needs of the market, offering both physical and electronic trading capabilities for greater flexibility and accessibility.

About MIAX and Its Vision

Miami International Holdings, Inc. operates a diverse array of exchanges across various asset classes and geographical regions, including options, futures, equities, and international markets. With nine exchanges under its umbrella, including MIAX Options, MIAX Pearl, and MIAX Emerald, MIAX is committed to creating regulated financial markets that cater to a wide array of trading needs. The launch of MIAX Sapphire further underscores the company's dedication to innovation and excellence in the trading landscape. For more information about MIAX and its offerings, interested parties can visit www.miaxglobal.com.

Conclusion

The successful launch of MIAX Sapphire signals a new chapter for trading in Miami, emphasizing its role as an emerging global financial center. As the options market continues to evolve, MIAX's commitment to leveraging technology and responsive design ensures that traders and market participants will have the tools and resources necessary to thrive in this dynamic environment.