Miami International Holdings, Inc. (MIH) has announced the promotion of Joseph Bracco to Executive Vice President, Global Head of Sales.
Having joined in 2015, Joseph Bracco brings over 40 years of financial markets experience to his new role. During his tenure at MIH, he has played a significant role in initiating and maintaining relationships within the trading community, along with developing strategic initiatives for new products and platforms.
His current focus includes the MIAX Sapphire trading floor, expansion of MIAX Futures, and further development of MIAX Pearl Equities.
Bracco’s career prior to MIH includes nearly eight years at BATS Global Markets, Inc., where he held senior positions in sales and strategic relations. He also spent over 20 years in sales and trading roles at Cantor Fitzgerald, eSpeed, and BGC Partners.
“A key factor to our success”
Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH, said, “Joe’s expertise in developing and managing client relationships has been instrumental to the growth of MIH, and this promotion is a recognition of his substantial contributions to the company. His ability to execute on our growth plans while scaling them to meet the demands of our larger organization has been a key factor to our success.”
Joseph Bracco, Executive Vice President, Global Head of Sales, said, “I’m incredibly grateful for the opportunity to be a part of MIAX’s evolution throughout the last decade and proud to have played a major part in growing market share across our platforms. I truly appreciate this recognition and look forward to working with our current and future market participants to expand our industry footprint as we launch new products across the U.S. derivatives markets.”
In recent years, Miami International Holdings has expanded its reach across multiple asset classes. The organization has launched new initiatives aimed at growing its trading platforms and introducing innovative market solutions.
In 2023, MIH announced the launch of MIAX Sapphire, a new trading floor in Miami designed to offer enhanced access to derivatives markets. The platform is expected to bring advanced trading opportunities to both institutional and retail investors. MIAX Sapphire is the company’s fourth options exchange and aligns with MIH’s goal of increasing market accessibility.
MIH also expanded its international presence with the acquisition of the Bermuda Stock Exchange (BSX) in 2020. The acquisition solidified MIH’s position in the global financial market and marked a significant step in its strategy to diversify its offerings in equities, debt issues, and insurance-linked securities.
Further, MIH has continued to develop its proprietary trading technology. Its in-house systems support trading across multiple platforms, including MIAX Pearl and MIAX Emerald, which cater to both options and cash equities trading.
