Miami Exchange Preps Trading Floor in Wynwood During Options Boom
- MIAX is building both a physical and electronic trading venue
- Options volume has soared since the pandemic lockdowns
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Miami International Holdings Inc. plans to operate a trading floor in its namesake city for the first time.
The company, also known as MIAX, is building a 38,400-square-foot (3,500-square-meter) options trading pit and offices in Miami’s Wynwood neighborhood, according to Chief Communications Officer Andy Nybo. Its new options exchange will be part electronic, set to open in the second quarter of 2024, and part a physical trading floor, which will go live later in the year. The combination gives MIAX the ability to offer trading in either an old-school open-outcry or modern, electronic format.