Miami International Holdings, Inc. (MIH) today announced the Securities and Exchange Commission (SEC) has approved MIAX Sapphire LLC’s application for registration as a national securities exchange.
MIAX Sapphire will be MIAX’s fourth national securities exchange for U.S. multi-listed options and will operate both an electronic exchange and physical trading floor.
The electronic exchange is expected to launch on August 12, 2024, with the opening of the physical trading floor to follow in 2025. The MIAX Sapphire trading floor will be the first national securities exchange to establish operations in Miami, Florida, and will include a next-generation trading floor, ancillary office space for MIAX employees and market participants, conference facilities and broadcast media space.
“The launch…
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