Miami International Holdings CEO Thomas Gallagher: Our edge is technology

Market Position & Growth - Miami International Holdings (MAX) has increased its market share by 1000 basis points (10%) in the last nine years since Q1 2016 [2] - The company attributes its growth to its technology, which proved crucial during the market volatility of March 2020 [3] - Double-digit revenue growth has been recorded, with the last recorded growth at 20% [9] Competitive Advantages - Technology and relationships with major consolidator firms are key competitive advantages [4] - Low latency and high throughput are crucial technological differentiators, ensuring stability during volatile markets [7][8] - Determinism, ensuring order execution based on arrival time, is another technological advantage [9] Strategic Initiatives - An equity rights program has led to approximately 20% of the company's stock being owned by market participants [5] - Launching a new trading floor in Miami called MYX Sapphire on September 12th, driven by customer demand [10][11] - Signed a 10-year agreement with Bloomberg to launch an index called the B500 [14] Market Opportunities - Explosive growth in the options business was anticipated, leading to the company's formation [6] - The company sees secular tailwinds in the industry, including explosive retail growth [12] - Additional capital will be used to launch a new suite of products [13]