Miami International Holdings Enhances Leadership with New Roles for Brown and Ferraro

Miami International Holdings Enhances Leadership Team

Miami International Holdings, Inc. (MIAX) recently announced significant changes within its leadership structure, aimed at driving strategic growth for MIAX Futures™, a vital part of its operations. This announcement comes at a pivotal time as the company prepares for the upcoming launch of futures on the Bloomberg 500 Index slated for early 2026.

New Roles and Responsibilities

Shelly Brown has been appointed as the Chief Executive Officer of MIAX Futures, alongside being designated the Chief Strategy Officer of Miami International Holdings. His wealth of experience since joining the company in 2011 has proven invaluable, particularly in augmenting the options business, which achieved an impressive monthly market share of 19.4% as of October. Brown’s extensive knowledge in the industry positions him well to lead MIAX Futures' growth strategy.

In his new role, Brown will focus on executing the exchange’s ambitious plans, including ensuring a smooth launch of new futures products that are in the pipeline. MIAX Chairman and CEO, Thomas P. Gallagher, expressed confidence in Brown’s capabilities, stating that he brings a level of operational knowledge that is crucial to the future success of the MIAX Futures exchange.

Joseph W. Ferraro III, meanwhile, steps into a prominent role as the President of MIAX Products, LLC, a subsidiary dedicated to developing and licensing proprietary products. Ferraro's responsibilities will include managing relationships connected with index products, aiming to enhance the company’s proprietary offerings, particularly focusing on Bloomberg equity index derivatives. He will also continue serving as Senior Vice President and Deputy General Counsel at MIAX, a position he has held since 2016. Ferraro played a key role in the successful acquisition of MIAX Futures and the establishment of a licensing agreement with Bloomberg.

Gallagher praised Ferraro's adept management and profound understanding of product development in his expanded capacity, emphasizing the significance of the technological infrastructure that MIAX has invested in, which is essential for launching new products.

A Strong Future Ahead

The management transitions come as MIAX prepares for increased competition within the financial markets, where technological advancements and strategic initiatives are critical for growth. The leadership expansions reflect MIAX's commitment to enhancing its market presence and service offerings.

As MIAX gears up for the launch of its futures on the Bloomberg 500 Index, the leadership changes highlight the firm’s strategic focus on innovative product development and market expansions. The capability and experience of both Brown and Ferraro are poised to steer MIAX towards its goal of maintaining a leading position in the financial market operations sector.

In conclusion, with new leadership roles for both Shelly Brown and Joseph W. Ferraro, MIAX demonstrates its strategic intent to not only grow its product offerings but also to continue enhancing its operational efficiency. This is a crucial step towards competing at a higher level in the dynamic landscape of financial markets.