December 7, 2022

Miami International Holdings Commemorates 10-Year Anniversary of the MIAX Options Exchange Launch

Media Contact:
Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091

PRINCETON, N.J. — December 7, 2022 — Miami International Holdings, Inc. (MIH), owner of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEX™), The Bermuda Stock Exchange (BSX™), and Dorman Trading LLC announced today the celebration of the 10-year anniversary of the launch of MIAX Options® with a ceremonial bell ringing at its Princeton, N.J. headquarters.

“Today is a truly momentous day in the history of Miami International Holdings as we celebrate the 10-year anniversary of the launch of MIAX Options,” said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH. “I would like to thank all of our investors, directors and member firms for their unwavering support over the past decade. I also would like to extend my gratitude to all of our employees who have worked tirelessly to build MIAX Options into what it has become today.”

Since its launch on December 7, 2012, over 2.6 billion contracts have been executed on MIAX Options, with the exchange experiencing 99.999% operational uptime since inception. MIAX Options has reported a number of key milestones during 2022, including record year-to-date volume of 501.2 million contracts through November and a single day volume record of 3.9 million contracts on November 11, 2022.

“Our focus on providing industry-leading technology, superior customer service and outstanding risk protections have all contributed to the success of MIAX Options,” said Douglas M. Schafer, Executive Vice President and Chief Information Officer. “The growth of MIAX Options is a result of the dedication of our employees who have focused on providing a technology-first, customer centric approach to building an exchange that caters to the exacting needs of our customers and trading communities.”

“The 10-year anniversary of MIAX Options and its growth record are a clear testament to our strategy of working with our member firms to build a marketplace designed to meet the needs of today’s electronic options markets,” added Shelly Brown, Executive Vice President of Strategic Planning and Operations. “We will continue to work with our members and the industry to provide new technology and tools to support the constantly evolving options markets.”

About MIAX

MIAX’s parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEX™), and Bermuda Stock Exchange (BSX™).

MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission (SEC) that leverage MIAX’s industry-leading technology and infrastructure to provide U.S. listed options trading to their member firms. MIAX serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY). In addition to options, MIAX Pearl facilitates the trading of cash equities through MIAX Pearl Equities™.

MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and is a Notice Registered Securities Futures Product Exchange with the SEC. MGEX serves as the exclusive market for a variety of products including Hard Red Spring Wheat, SPIKES Futures, BRIXX™ Commercial Real Estate Futures and TAX Futures. MGEX is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM, DCO and cash market services in an array of asset classes.

BSX is a fully electronic, vertically integrated international securities market regulated by the Bermuda Monetary Authority (BMA) specializing in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities. A full member of the World Federation of Exchanges and affiliate member of the International Organization of Securities Commissions, BSX is globally recognized, including by the SEC.

MIAX’s executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL, Minneapolis, MN, and Hamilton, Bermuda.

To learn more about MIAX visit

To learn more about MGEX visit

To learn more about BSX visit


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