Miami International Plans Stock Exchange

Miami International Holdings is planning to launch a U.S. stock exchange after rolling out an options market next year, Bloomberg reports. The Miax Equities Exchange will seek to list companies from Central and South America when the Miami-based venue starts operations.

The Miax Options Exchange is estimated to begin trading in the second quarter, pending regulatory approval. Draft regulations for the Miax market are being reviewed by the Securities and Exchange Commission.

Click here for the story from Bloomberg.