A wholly-owned subsidiary of Miami International Holdings, owners of the Bermuda Stock Exchange, has won an award at the Fund Intelligence Operations and Services Awards 2021.

The MIAX Exchange Group, consisting of the Miami International Securities Exchange (MIAX), MIAX Pearl and MIAX Emerald national securities exchanges, won the Most Innovative Exchange Technology category at the awards for the third consecutive year.

The company said this year’s other nominees were Cboe, KopenTech, LTSE, MEMX, and Nasdaq.

Matt Rotella, senior vice-president, chief technology officer of MIAX, said: "We are thrilled to have won this award for the third year in a row, and would like to thank the judges for again recognising the innovative exchange technology that the MIAX Exchange Group provides our member firms.

“Winning this award highlights the drive and determination of our technology and operations teams to make the MIAX Exchange Group's technology the best in the industry and showcases their talent and ability to continually make this possible. In an industry where technology is a key component of success, and with our exchange technology being completely designed and built in-house, the most innovative exchange technology category is very important to us."

The Fund Intelligence Operations and Services Awards recognise and reward excellence and outstanding contributions made by business, operations and technology leaders at asset management and service provider firms over the past year.

Miami International Holdings acquired 100 per cent ownership of the BSX last December after taking a majority interest in the exchange in November 2019. The BSX is a wholly owned subsidiary of MIH.