Plans are underway to open an options trading floor in Miami.
Miami International Holdings and its subsidiary MIAX said in a press release last month that it had filed with the Securities and Exchange Commission to open a new national securities exchange operating both electronically and with a physical trading floor for U.S. options.
The exchange is expected to begin electronic trading operations in the second quarter of 2024, followed by the opening of the physical trading floor in Miami in the second half of 2024, subject to SEC approval, the release said.
According to the SFBJ, MIAX recently leased 38,409 square feet of office space at the 545WYN building in Wynwood.
The company cited “Florida’s favorable personal and corporate income tax structure,” as a benefit. MIAX has its executive offices and National Operations Center in New Jersey, but also has an office in Brickell.
Physical trading floors are said to be used for more complex options trades.
