Miami International Holdings Honored With 2025 Innovation Award
Acknowledgment of Innovation
Miami International Holdings, Inc. (MIH), a prominent player in technology-driven financial markets, proudly announces that it has been honored with the esteemed 2025 TabbFORUM NOVA Award. This recognition underscores the dedication of organizations in the financial industry towards technological advancement and innovation, reflecting their commitment to achieving excellence.
Recent Technological Advancements
Over the past year, MIH has embarked on numerous technology initiatives, including the successful launch of a trading and settlement platform for The Bermuda Stock Exchange (BSX). Additionally, MIH is on track to launch its MIAX Futures™ Onyx platform in June 2025, marking a significant milestone in enhancing the trading and clearing infrastructure within the MIAX Futures domain.
Modernizing Futures Trading
The impending introduction of the MIAX Futures™ Onyx platform is designed to streamline the substantial trading activities MIH engages in. This modernization effort aims to address the growing demands of traders and enhance user experience across all transactions. This initiative demonstrates MIH's commitment to not only keep pace but also to lead in trading technology advancements.
MIAX Sapphire Trading Floor
In conjunction with the Onyx platform, MIH plans to open its MIAX Sapphire Trading Floor in June 2025. This facility will serve as a physical counterpart to its electronic options exchange, fostering an innovative environment for trading activities. Positioned as a hub for financial transactions, the Sapphire Trading Floor reflects MIH’s focus on enhancing participant engagement within a state-of-the-art setting.
Commitment to High Performance
The leadership of MIH emphasizes the need to innovate continuously. Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH, expressed gratitude for the recognition received among esteemed peers, citing the dedicated efforts in enhancing proprietary technology to cater to evolving market needs. Douglas M. Schafer Jr., Executive Vice President and Chief Information Officer, remarked on the team's dedication to delivering high-performance trading systems integral to the market's success.
Mentality Behind Innovation
The annual TabbFORUM NOVA Awards commend financial institutions for their unyielding push towards technological advancements. MIH's selection results from extensive research conducted by TabbFORUM, considering nominations and recommendations from the broader financial community. The process evaluated the impact of innovation on organizational performance and industry leadership.
About MIAX
MIAX, the parent company of Miami International Holdings, Inc., operates various national securities exchanges, including Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), and MIAX Futures Exchange, LLC (MIAX Futures™), to name a few. These exchanges are built on MIAX’s proprietary technology, thoroughly designed to meet the escalating demands of the U.S. options trading landscape.
Core Services and Exchanges
With its registered exchanges, MIAX offers extensive trading services, including options and cash equities. The MIAX trading platform is characterized by robust throughput, low latency, and reliable operational performance. MIAX Futures also provides diverse trading options in various financial products, showcasing its capacity to adapt to market changes with agility.
Looking Ahead
The future looks promising for MIH as it continues to expand its influence in the financial sector through innovative solutions and technology partnerships. The company is poised to leverage its expertise in technology to further enhance market efficiency and improve experiences for traders across various exchanges.
Frequently Asked Questions
What award did Miami International Holdings recently receive?
Miami International Holdings was honored with the 2025 TabbFORUM NOVA Award for its innovations in financial technology.
What is the significance of the TabbFORUM NOVA Award?
The TabbFORUM NOVA Award acknowledges organizations in the financial industry for their technological advancements and sustained achievements.
What new platforms is MIH launching?
MIH is set to launch the MIAX Futures™ Onyx platform and MIAX Sapphire Trading Floor in June 2025.
How does MIH contribute to financial markets?
MIH enhances financial markets through innovative technologies, improving trading systems, and providing comprehensive trading services.
What is the focus of MIH's technology initiatives?
MIH's technology initiatives focus on high performance, speed, reliability, and meeting market participants’ unique demands.
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