Miami International Holdings Announces Expanded Roles for Shelly Brown and Joseph W. Ferraro

Rhea-AI Summary

Miami International Holdings (NYSE: MIAX) announced expanded roles for Shelly Brown and Joseph W. Ferraro III, effective November 10, 2025, to support MIAX Futures strategic growth initiatives.

Shelly Brown was appointed Chief Executive Officer of MIAX Futures and Chief Strategy Officer of Miami International Holdings; he will oversee growth and the planned launch of futures on the Bloomberg 500 Index in Q1 2026, subject to Commodity Futures Trading Commission filings. Brown has been with the company since 2011 and helped the options business reach a 19.4% monthly market share in October.

Joseph Ferraro was appointed President of MIAX Products, LLC, while retaining his role as Senior Vice President, Deputy General Counsel; he will manage index product relationships and expand proprietary offerings, building on prior work including the 2020 MIAX Futures acquisition, an exclusive Bloomberg licensing agreement, and the Onyx platform launch.

Positive

• Planned launch of Bloomberg 500 futures in Q1 2026 (CFTC filings pending)
• Options market share reached 19.4% in October 2025
• Shelly Brown promoted to CEO MIAX Futures and Chief Strategy Officer
• Joe Ferraro promoted to President of MIAX Products while retaining legal role
• Company cites significant investments in MIAX Futures technology infrastructure
• Existing exclusive index licensing relationship with Bloomberg referenced

Negative

• None.

New Appointments to Support Strategic Growth Initiatives in Futures

PRINCETON, N.J. and MIAMI, Nov. 10, 2025 /PRNewswire/ -- Miami International Holdings, Inc. (MIAX^®) (NYSE: MIAX), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today announced expanded roles for Shelly Brown and Joseph W. Ferraro III—key members of its senior management team—to support strategic growth initiatives at MIAX Futures™. These appointments are effective today.

Mr. Brown was appointed Chief Executive Officer of MIAX Futures. In this role, he will oversee the execution of the exchange's growth strategy including the upcoming launch of futures on the Bloomberg 500 Index in the first quarter of 2026, subject to regulatory filings with the Commodity Futures Trading Commission. In addition, Mr. Brown was appointed Chief Strategy Officer at Miami International Holdings. He has been with the company since 2011, contributing significantly to the growth of its options business which reached a monthly market share of 19.4% in October.

"Shelly is a seasoned executive in our industry with a deep understanding of the roadmap to launching several key futures products in our pipeline," said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX and Chairman of MIAX Futures. "I can't think of anyone who brings more operational knowledge and efficiency to the table than him." 

Mr. Ferraro was appointed President of MIAX Products, LLC, a subsidiary of MIAX focused on the development and licensing of new proprietary products. He will leverage his extensive industry experience to manage index product relationships and expand the company's proprietary product offering, with a current focus on Bloomberg equity index derivatives products. Mr. Ferraro will also continue in his existing role as Senior Vice President, Deputy General Counsel at MIAX. He joined the company in 2016, playing a key role in its 2020 acquisition of MIAX Futures, exclusive index licensing agreement with Bloomberg, and MIAX Futures Onyx trading platform launch.

"Joe's expert guidance in the acquisition and development of MIAX Futures will continue to help further our proprietary product offering in this expanded role," Mr. Gallagher added. "We have made significant investments in developing MIAX Futures' technology infrastructure to prepare for expanded product offerings. With our signature MIAX technology now in place, I am confident in the abilities of both Shelly and Joe to lead critical operational aspects of our futures business and strategy."

About MIAX
Miami International Holdings, Inc. (NYSE: MIAX) is a technology-driven leader in building and operating regulated financial markets across multiple asset classes and geographies. MIAX operates nine exchanges across options, futures, equities and international markets including MIAX^® Options, MIAX Pearl^®, MIAX Emerald^®, MIAX Sapphire^®, MIAX Pearl Equities™, MIAX Futures™, MIAXdx™, The Bermuda Stock Exchange (BSX) and The International Stock Exchange (TISE). MIAX also owns Dorman Trading, a full-service Futures Commission Merchant. To learn more about MIAX, please visit www.miaxglobal.com.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are based on management's current expectations and are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. Additional risks and uncertainties that may cause actual results to differ materially include the risks and uncertainties listed in Miami International Holdings, Inc.'s (together with its subsidiaries, the Company) public filings with the Securities and Exchange Commission. In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise.

All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company's use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.

Contact:

Investors
investor.relations@miaxglobal.com

Media
media@miaxglobal.com

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SOURCE MIAX

FAQ

What roles did MIAX appoint Shelly Brown to on November 10, 2025?

Shelly Brown was named Chief Executive Officer of MIAX Futures and Chief Strategy Officer at Miami International Holdings, effective November 10, 2025.

When will MIAX launch futures on the Bloomberg 500 Index (MIAX)?

MIAX plans to launch futures on the Bloomberg 500 Index in Q1 2026, subject to Commodity Futures Trading Commission filings.

What role did Joseph W. Ferraro III receive at MIAX on November 10, 2025?

Joseph W. Ferraro III was appointed President of MIAX Products, LLC and will continue as Senior Vice President, Deputy General Counsel.

How large was MIAX's options market share mentioned in the announcement?

The company reported a monthly options market share of 19.4% in October 2025.

Will Joe Ferraro continue legal responsibilities after his promotion (MIAX)?

Yes, he will remain in his existing role as Senior Vice President, Deputy General Counsel while serving as President of MIAX Products.

What prior MIAX initiatives are linked to the promoted executives' experience?

The announcement cites the 2020 acquisition of MIAX Futures, an exclusive Bloomberg index licensing agreement, and the MIAX Futures Onyx platform launch.