History of MIAX Pearl Equities in Timeline

MIAX Pearl Equities is an American stock exchange based in Princeton, New Jersey, with additional offices in Miami, Florida, where its parent company, Miami International Holdings, is located. It functions as a marketplace for trading stocks and other equities.

March 2019: MIH Announces Plans to Launch MIAX Pearl Equities

In March 2019, Miami International Holdings (MIH) announced its plans to launch a new US stock exchange, which would later be named MIAX Pearl Equities, with the goal of complementing its options offerings and eventually entering the listings business.

August 18, 2020: SEC Approves MIAX Pearl Equities Filing

On August 18, 2020, the Securities Exchange Commission approved Miami International Holdings' filing to register the MIAX Pearl Equities stock exchange, clearing the path for its launch.

September 2020: MIAX Pearl Equities Launched

In September 2020, MIAX Pearl Equities was launched. This launch coincided with the launch of the Long-Term Stock Exchange and Members Exchange, increasing the total number of US stock exchanges to 16.

September 29, 2020: MIAX Pearl Equities Begins Trading

On September 29, 2020, MIAX Pearl Equities began trading. Initially, it offered trading for a single low-volume symbol, Netgear (NTGR), before gradually expanding to include all US listed stocks.

May 2022: Miami International Holdings Submits Paperwork for U.S. IPO

In May 2022, MIAX's parent company, Miami International Holdings, announced that it had confidentially submitted paperwork with regulators for a U.S. IPO.

April 2024: MIAX Pearl Equities Clearing Members

As of April 2024, the clearing members of MIAX Pearl Equities include major banks such as Goldman Sachs and JP Morgan, and equity market makers like Jane Street Capital and Hudson River Trading.