MIAX Announces Key Leadership Changes to Drive Growth in Futures Market

MIAX Leadership Expansion: A New Chapter in Futures

Miami International Holdings, Inc. (MIAX®) has made significant strides in its leadership structure, announcing expanded roles for two pivotal figures—Shelly Brown and Joseph W. Ferraro III. These appointments are designed to spearhead strategic growth initiatives at MIAX Futures™, demonstrating the company's commitment to strengthening its position in the financial markets.

Effective immediately, Shelly Brown has taken the helm as Chief Executive Officer of MIAX Futures. This new position allows him to take charge of the exchange's growth strategy, which includes the much-anticipated launch of futures on the Bloomberg 500 Index, set to debut in the first quarter of 2026, depending on regulatory approval from the Commodity Futures Trading Commission (CFTC). Brown's journey with MIAX has been notable, as he joined the company in 2011 and played an integral role in boosting the options business, achieving an impressive monthly market share of 19.4% in October.

Thomas P. Gallagher, the Chairman and CEO of MIAX, highlighted Brown's extensive expertise in the sector, stating, "Shelly is a seasoned executive with a profound understanding of the roadmap for launching key futures products. There’s no one better positioned to lead these initiatives than him."

On the other hand, Joseph W. Ferraro has been elevated to the President of MIAX Products, LLC, a subsidiary focused on developing and licensing proprietary products. His role centers around managing relationships concerning index products while bolstering the company's proprietary offerings, especially those related to Bloomberg's equity index derivatives. Ferraro will continue to serve as the Senior Vice President and Deputy General Counsel, a position he has held since 2016, during which he played a crucial role in notable deals including MIAX's acquisition of MIAX Futures and its index licensing agreement with Bloomberg.

Gallagher expressed confidence in Ferraro's ability to further enhance MIAX's product portfolio in his new role. He emphasized, "Joe's expertise in guiding the acquisition and development of MIAX Futures is invaluable as we expand our proprietary product offerings. With our robust MIAX technology now operational, I trust both Shelly and Joe to oversee essential operations within our futures sector."

As a pioneer in financial technology, MIAX operates nine exchanges across diverse asset classes, including options, equities, and now futures. The firm has positioned itself as a leader in regulated financial markets globally. This expansion in leadership comes at a time when the futures market is ripe for innovation and increased participation, signifying MIAX's proactive approach to market demands as it gears up to embrace the burgeoning interests in futures trading.

To learn more about MIAX and its newly appointed leaders, visit MIAX Global and stay updated on the latest in financial technology advancements.

This strategic shift underscores MIAX's future-focused outlook and its commitment to delivering innovative financial solutions, ensuring they remain at the forefront of the evolving trading landscape.