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Miami International to Introduce 10th U.S. Options Exchange

Miami International Holdings Inc. plans to open a U.S. options exchange that would be the 10th in the nation, a company executive said.

The Miami International Securities Exchange is expected to begin trading in the second quarter of 2012, Shelly Brown, the Princeton, New Jersey-based company’s senior vice president for strategic planning and operations, said today. The official exchange filing will be submitted to the Securities and Exchange Commission within three months, he said.