Miami International Holdings, Inc. Overview
Pro stress-test →Miami International Holdings operates various markets across options, futures, and cash equities through MIAX Options, MIAX Pearl, MIAX Emerald, MIAX Sapphire, and equities exchanges. The company is a technology-driven leader formed in 2007 that operates global financial exchanges and execution services, owning several U.S. exchanges for equities, equity options, and commodities.
Strategic Profile
Pro stress-test →MIH owns LedgerX, the first-ever approved exchange and clearinghouse for derivatives contracts in digital currencies in the U.S. MIAX Exchange Group executed a record 2.4 billion multi-listed options contracts in 2025, a 41.1% increase over 2024. In September 2025, the company announced plans to launch financial futures on MIAX Futures using its proprietary Onyx trading platform.
Competitive Landscape
Pro stress-test →Miami International Holdings is rated a buy due to its underappreciated market position and strong proprietary technology. The company competes with traditional exchange operators like Cboe Global Markets and Nasdaq, leveraging specialized technology and digital asset capabilities to differentiate in multi-asset exchange markets.
Industry Context
Miami International Holdings, Inc. operates in Financial Exchanges & Market Infrastructure.
Key facts
Founded: 2007 · Headquarters: Princeton, New Jersey · Employees: N/A · Revenue: $109.5M · Market cap: $2.5B