Miami International Holdings, Inc. (MIH) today announced that the new MIAX Sapphire options physical trading floor will be located in the 545 Wyn building in Miami’s Wynwood district.

The new MIAX Sapphire exchange 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 in the second quarter of 2024, with the physical trading going live in the second half of 2024, subject to regulatory approval.

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. Additional tenants in the 545 Wyn location include Sony Music and PwC.

“As the second largest international finance hub on the east coast, Greater Miami is at the forefront of financial services innovation, which is consistent with MIH’s history and culture,” said Rodrick T. Miller, President and Chief Executive Officer, Miami-Dade Beacon Council. “The new MIAX Sapphire trading floor will serve as a key financial tenant for the Wynwood district, tapping into diverse local talent and attracting additional financial firms to our thriving business ecosystem. We are proud to have supported MIAX’s expansion in Miami and will continue to partner with them as they engage with our community.”