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Miami International Holdings MIAX · USD

Financials · US listing · 🇺🇸 United States

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35.13

+1.89%

Close of 9 Nov 2026, in USD

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About Miami International Holdings

From its filings with the US Securities and Exchange Commission

SEC filings

Miami International Holdings is based in Princeton, New Jersey and is incorporated in Delaware. Its shares trade on NYSE under the ticker MIAX. The SEC classifies its business as security brokers, dealers & flotation companies. In the fiscal year to 31 December 2025, it reported revenue of $1.36bn and a net loss of $70.0m. At that date it held total assets of $1.26bn and shareholders' equity of $881.0m.

In its own words

We are a technology-driven leader in building and operating regulated financial marketplaces across multiple asset classes and geographies. Our MIAX Exchanges, MIAX Futures Exchange and Bermuda Stock Exchange marketplaces are enabled by our in-house built, proprietary technology. We believe the speed and performance of our proprietary technology coupled with our fully integrated, award-winning customer service, sets us apart from our competitors.

Our MIAX Exchange trading platform was originally built to meet the high-performance quoting demands of the U.S. options trading industry. We are regarded as a market leader relative to many of our peers with respect to our technology, based on feedback from our customers. We differentiate our trading platform with our throughput, latency, reliability and wire-order determinism.

We maintain a broad portfolio of U.S. exchange and clearing licenses, in both securities and futures. We operate markets across a diverse number of asset classes including options and cash equities as well as futures and options on futures. Our markets currently include: options on our exchanges regulated by the SEC through MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire; U.S. equities through MIAX Pearl Equities — also regulated by the SEC; U.S.

Quoted from its 10-K, filed 6 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Financials
Industry
Capital Markets
Listed since
14 Aug 2025
Employees
439
Head office
7 ROSZEL ROAD, PRINCETON, NJ, 08540
Incorporated in
DE
Classification
Security Brokers, Dealers & Flotation Companies
Filer status
Non-accelerated filer

Leadership

Pay as last reported

  • Mr. Thomas GallagherChairman of the Board, Chief Executive Officer$10.4m
  • Mr. Lance EmmonsChief Financial Officer, Executive Vice President
  • Mr. Cees VermaasChief Executive Officer of TISEG
  • Mr. Douglas SchaferExecutive Vice President, Chief Information Officer$7.0m
  • Mr. Edward DeitzelExecutive Vice President, Chief Regulatory Officer, Chief Compliance Officer of the MIAX Exchanges, since 2015
  • Mr. Harish JayabalanExecutive Vice President, Chief Risk Officer, Chief Information Security Officer
  • Ms. Barbara ComlyExecutive Vice President, General Counsel, Corporate Secretary
  • Mr. Shelly BrownExecutive Vice President - Strategic Planning and Business Development$4.8m
  • Mr. John SmollenExecutive Vice President - Head of Exchange Traded Products and Strategic Relations
  • Mr. John BeckelmanDirector
  • Mr. Lee BeckerDirector
  • Mr. Kurt EckertDirector

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • The company operates a proprietary in-house trading platform.
  • Its technology supports multiple asset classes and geographies.
  • MIAX PRIME and MIAX Technologies are key product offerings.

Weaknesses

  • The company has a small workforce of 439 employees.
  • Its IPO occurred recently in August 2025.
  • Reliance on a single headquarters in Princeton limits diversity.

Opportunities

  • Expansion into the futures segment offers new revenue streams.
  • Growth in ETP transaction services can increase volume.
  • Developing advanced systems for cash equities trading is a priority.

Threats

  • Competition from other multi-asset exchange operators is intense.
  • Regulatory changes in the US financial services sector pose risks.
  • Market volatility may impact options and equities trading volumes.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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