Company coverage
Research snapshot 2026-08-31
Research activity
MIAX 39 trade records · 1 option records · 2025-11-03 → 2026-06-09Moat
StrongMIAX operates nine specialized exchanges (options, futures, equities) with strong structural moats rooted in regulatory licensing, order flow accumulation, and network effects. Users prefer the exchange with the most liquidity, and more volume attra…
Physical assets
StrongMIAX owns the newly launched 38,400 sq ft MIAX Sapphire trading floor in Miami's Wynwood district — one of only two open outcry trading floors launched in five decades, with a Bloomberg TV broadcast studio. Exchange operating centers and data center…
Software / hardware
Software70%
Hardware30%
Growth. Nine-exchange platform captures derivatives volume explosion (+41% YoY) while MIAX Sapphire trading floor and data licensing create new high-margin revenue streams. Primary assets. 9 regulated exchanges (options, futures, equities), MIAX Sap…
- manual · sw-hw
Growth. Nine-exchange platform captures derivatives volume explosion (+41% YoY) while MIAX Sapphire trading floor and data licensing create new high-margin revenue streams. Primary assets. 9 regulated exchanges (options, futures,…
- manual · physical-assets
MIAX owns the newly launched 38,400 sq ft MIAX Sapphire trading floor in Miami's Wynwood district — one of only two open outcry trading floors launched in five decades, with a Bloomberg TV broadcast studio. Exchange operating cen…
- manual · moat
MIAX operates nine specialized exchanges (options, futures, equities) with strong structural moats rooted in regulatory licensing, order flow accumulation, and network effects. Users prefer the exchange with the most liquidity, a…
| Date | Action | Type | Relative size |
|---|---|---|---|
| 2026-06-09 | SELL | Equity | +43% |
| 2026-06-09 | SELL | Equity | +100% |
| 2026-06-02 | BUY | Equity | +2% |
| 2026-06-02 | BUY | Equity | +2% |
| 2026-06-02 | BUY | CALL option | +24% |
| 2026-05-11 | BUY | Equity | +4% |
| 2026-04-24 | BUY | Equity | +2% |
| 2026-04-20 | EXPIRED | Equity | 0% |
| 2026-03-26 | BUY | Equity | +21% |
| 2026-03-11 | BUY | Equity | +12% |
| 2026-02-23 | BUY | Equity | +21% |
| 2026-02-18 | BUY | Equity | +10% |
| 2026-02-13 | BUY | Equity | +7% |
| 2026-02-10 | BUY | Equity | +8% |
| 2026-02-06 | BUY | Equity | +21% |
| 2026-02-02 | BUY | Equity | +8% |
| 2026-01-23 | BUY | Equity | +8% |
| 2026-01-22 | BUY | Equity | +6% |
| 2026-01-16 | BUY | Equity | +1% |
| 2026-01-09 | BUY | Equity | +1% |
| 2026-01-08 | BUY | Equity | +2% |
| 2026-01-07 | BUY | Equity | +4% |
| 2026-01-07 | BUY | Equity | +0% |
| 2026-01-02 | BUY | Equity | +0% |
Notes
Full portfolio moat / asset analysis
MIAX operates nine specialized exchanges (options, futures, equities) with strong structural moats rooted in regulatory licensing, order flow accumulation, and network effects. Users prefer the exchange with the most liquidity, and more volume attracts more participants — a self-reinforcing cycle. Regulatory barriers to entry are extremely high (SEC/NFA app…
Full portfolio moat / asset analysis
MIAX owns the newly launched 38,400 sq ft MIAX Sapphire trading floor in Miami's Wynwood district — one of only two open outcry trading floors launched in five decades, with a Bloomberg TV broadcast studio. Exchange operating centers and data centers are critical, defensible assets.
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