#b#Miami Holdings Expands on Roszel#/b#
Miami International Securities Exchange (MIAX) is expanding at its headquarters at 7 Roszel Road by 12,700 square feet, the company has announced. Along with the expansion, the company is extending its lease until at least 2020.
The expansion will increase the company’s total space to 27,000 square feet, and will house MIAX’s technology development center and recently completed, state-of-the-art National Operations Center (the “NOC”) for the MIAX Options Exchange, a fully electronic options exchange planning to commence operations in late September, subject to SEC approval. It is intended to serve the Latin American market.
“This additional square footage has enabled us to expand our technology development operations and complete the build-out of our NOC,” said Thomas P. Gallagher, MIAX’s executive chairman. “We look forward to providing a significant number of employment opportunities and ancillary business to New Jersey for many years to come.” Gallagher added, “Being headquartered in Princeton places us in close proximity to both Philadelphia and New York City and allows us direct access to the financial services industries, software developers, and engineers that are located in these cities.”
MIAX will use the facility to centralize all command and control operations for the MIAX Options Exchange. The NOC supports 22 individual workstations and in excess of 100 display devices to allow staff to monitor and control the various systems hosted at five geographically diverse data centers. In addition, the Exchange’s customer service support team will also be based in the facility.
Currently, the MIAX executive offices, technology development center and NOC are all located on Roszel Road.
Additional executive offices, as well as a multi-purpose training, meeting, and conference center will be located in a state-of-the-art facility in Miami, Florida.
“MIAX has assembled a team with deep-rooted experience in developing, operating and trading on options exchanges,” says the press release by the company, which is a wholly owned subsidiary of Miami International Holdings (MIH), also located at 7 Roszel Road. “The initial focus of MIH is to leverage management’s expertise and relationships in equity options to launch the MIAX Options Exchange.”
MIAX says it intends to launch the MIAX Equities Exchange once the MIAX Options Exchange is operational and plans to pursue Latin American equity listings.
“The vision for the MIAX Equities Exchange is to become a marketplace that enables access to the Latin American markets, a place where global Hispanic entrepreneurs can seek capital and growth opportunities, and an exchange where Latin American companies will want to be listed,” says the release. “MIAX believes that Miami is the ideal location for taking advantage of the rapidly developing business opportunities emanating from the Americas, and that Latin American companies will be interested in listing on the MIAX because of its presence in Miami.”
Miami International Holdings, 7 Roszel Road, Fifth Floor, Princeton 08540; 609-524-7194; fax, 609-524-7190. www.miami-holdings.com.
Morgan Stanley Smith Barney, 1200 Lenox Drive, Suite 300, Lawrenceville 08648; 609-884-7900. Robert Beylickjian, branch manager. www.morganstanleysmithbarney.com.
An item in the May 2 edition of U.S. 1 incorrectly reported that the Clarke Group at Morgan Stanley Smith Barney opened an office at 997 Lenox Drive in Lawrenceville. In actuality, the entire Morgan Stanley office, including the Clarke Group, moved from 997 Lenox Drive to 1200 Lenox Drive in May, 2011.
John Stuart Mamer, 65, died on April 23. He worked at Mathematica Policy Research for more than 35 years, retiring as the senior vice president for information services.
Perry Robert Lausten, 52, died on May 1. He was employed as a financial consultant at Robert Half Technologies.