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NYSE lists MIAX, revealing ambitions for September expansion of Miami trading floor

Tech-focused trading platform MIAX launches on the NYSE following a $345 million fundraising, offering services in options, stocks, and futures, while preparing to establish its new base in Miami.

stockmarket expansion: MIAX, a trading platform, set to debut on the New York Stock Exchange with...
stockmarket expansion: MIAX, a trading platform, set to debut on the New York Stock Exchange with plans for a Miami trading floor expansion in September.

NYSE lists MIAX, revealing ambitions for September expansion of Miami trading floor

Miami International Holdings, a technology-driven company, is making waves in the financial market as it gears up to open a state-of-the-art trading floor in Miami this September. The company, listed on the New York Stock Exchange under the ticker MIAX, has already made a significant impact with its proprietary technology, believed to offer faster and better performance compared to its competitors.

The company's focus is on building and operating regulated financial marketplaces across multiple asset classes and geographies. Miami International Holdings does not list exchange-traded funds (ETFs), but it does trade options on ETFs, including the iShares Bitcoin Trust ETF, iShares Ethereum Trust, Grayscale Ethereum Mini Trust, and Bitwise Ethereum ETF.

The company's founder and CEO, Thomas Gallagher, recently rang the opening bell on the NYSE floor, marking a significant milestone in its journey. Miami International Holdings raised over $345 million in its IPO Wall Street debut, and shares priced at $23, rising over 33% on the first day of trading.

The company's success is reflected in its market share, which currently stands at 16.2%. Total options volume across all classes for Miami International Holdings rose 42.9% year-over-year to a record 1.1 billion contracts.

As of the last update, the prices for the ETFs traded by Miami International Holdings are as follows: iShares Bitcoin Trust ETF (IBIT) at $64.58, up $0.40 (0.62%); iShares Ethereum Trust (ETHE) at $35.30, up $1.16 (3.40%); and Grayscale Ethereum Mini Trust (ETHA) at $32.38, up $1.08 (3.45%). The price for Miami International Holdings' own shares (MIAX) is $32.89, up $0.23 (0.70%).

Miami International Holdings is also known for its fully integrated, award-winning customer service. With its innovative technology and commitment to customer service, Miami International Holdings is poised to continue its growth and success in the financial market.

A notable figure associated with a Bitcoin-related ETF that has nearly doubled in value over the past 12 months is Barry Silbert, the founder and CEO of the Digital Currency Group and the recently appointed chairman of the Grayscale Bitcoin Trust ETF. Silbert's involvement in the digital currency market underscores the growing importance of cryptocurrencies in the financial market, a sector where Miami International Holdings is making its mark.

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