Tribute to Murray Stahl: A Valued Leader at Miami International Holdings

Tribute to a Remarkable Leader: The Legacy of Murray Stahl

On April 9, 2026, Miami International Holdings, Inc. (NYSE: MIAX) announced with heavy hearts the passing of Murray Stahl, an esteemed member of its Board of Directors. His presence not only shaped the company’s trajectory but left a lasting impact on everyone who had the pleasure of knowing him.

Thomas P. Gallagher, Chairman and CEO of MIAX, expressed deep sorrow and shared his personal reflections on Murray’s contributions. Gallagher stated, "I am deeply saddened by the passing of our beloved friend and colleague Murray Stahl. Our deepest condolences are with the Stahl family and Murray's colleagues at Horizon Kinetics. He was an exceptional leader and a treasured member of our Board whose spirit and support left a lasting influence on MIAX." This sentiment reflects the strong bond that Murray fostered throughout his distinguished career, both at MIAX and in the broader financial community.

Murray Stahl was not just a board member; he was a beacon of wisdom and kindness. Serving on the MIAX board since July 2025, he also played a crucial role in MIAX Futures™ since its inception and was a guiding figure on the Bermuda Stock Exchange (BSX) Council since 2014. He was notably recognized as the CEO, Chairman, and co-founder of Horizon Kinetics Holding Corporation, as well as the leader at FRMO Corp. His diverse board responsibilities included significant roles at Texas Pacific Land Corporation and several privately held firms, marking his influence across various sectors.

The depth of Murray's impact is underscored by his dedication to fostering an environment where respect and generosity flourished. Gallagher fondly recalled, "I feel fortunate to have known and worked alongside Murray for over 15 years. He will be remembered not only for his incredible professional achievements, but also for his character, generosity, and the respect he showed to everyone around him." His legacy serves as a reminder of the importance of integrity and kindness in business.

The financial markets and the MIAX family will greatly miss the visionary leadership that Murray provided. His abilities to inspire trust and collaboration within teams were exemplary. As the financial sector faces evolving challenges, the principles he championed will continue to serve as a foundation for innovation and growth at MIAX.

In remembrance of his impact, MIAX will carry forward the values that Murray exemplified during his time with the company. This commitment to excellence, integrity, and service to others will guide MIAX in honoring his memory and the profound influence he had on the company’s culture.

Murray’s passing represents not just the loss of a leader but the loss of a valued friend to many. As MIAX looks toward the future, it carries with it the spirit of Murray Stahl, committed to achieving the aspirations that he so passionately supported. To learn more about Miami International Holdings and its initiatives, visit www.miaxglobal.com.