Miami International Holdings, Inc. MIAX

What this company does

Miami International Holdings, Inc. operates markets across multiple asset classes, including options and cash equities as well as futures and options on futures. As of December 31, 2025, the company employed 439 individuals across MIH and its subsidiaries, with 392 located primarily at its Princeton, New Jersey; Minneapolis, Minnesota; and Chicago, Illinois operations. It operates across a broad range of asset classes, with exchanges in the options, equities and futures and options on futures markets and a regulated futures clearing house. It operates four fully automated electronic options exchanges in the United States, each a national securities exchange regulated by the SEC with a different allocation and pricing model. Its MIAX Pearl Equities exchange is a fully automated electronic equities trading platform that leverages MIAX's technology and infrastructure. Its MIAX Futures subsidiary is a fully electronic, vertically integrated futures exchange and clearing house that was established in 1881. Its Bermuda Stock Exchange subsidiary, BSX, is a fully electronic, vertically integrated international securities market headquartered in Bermuda that lists and trades equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities. The company received SEC approval for its first options exchange, MIAX Options, which officially launched in December 2012 with a Pro-Rata allocation model and Customer Rebate pricing structure.

Written from the business description in Miami International Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 6 March 2026. Every sentence was checked against that document before publication.