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MIAX Launches MIAX Sapphire
MIAX’s fourth options exchange utilizes Taker-Maker pricing and a Price-Time allocation model while leveraging MIAX-based technology and infrastructure with a physical trading floor launching in Miami, Florida in the second quarter of 2025.
MIAX’s expansion in the U.S. options space has been accomplished entirely through organic growth and the successful launch of four options exchanges since 2012 is a significant achievement for our company. The launch of the MIAX Sapphire electronic exchange is an important first step towards opening our state-of-the-art physical trading floor in Miami in 2025, and further expanding our presence in Florida.
- Thomas P. Gallagher, Chairman and Chief Executive Officer, MIH
MIAX Secures Investment for Strategic Growth from Warburg Pincus
The investment by Warburg Pincus will accelerate the next phase of MIAX’s global expansion as it executes on its strategy of building a diversified revenue stream across multiple asset classes.
We are pleased to welcome Warburg Pincus as a strategic partner and look forward to leveraging its highly respected expertise and deep network of relationships in global financial services.,” said Thomas P. Gallagher, Chairman and CEO of MIH. “The investment will provide MIH with additional funding to expand strategic partnerships in financial futures and proprietary products and will also provide capital to pursue acquisitions in the U.S. and internationally to accelerate our continued growth.
MIAX announces Index Licensing Agreement with Bloomberg
The licensing agreement with Bloomberg Index Services Limited will support the development of a suite of index futures, options on futures, and cash options products based on its portfolio of benchmarks.
Our collaboration with Bloomberg Indices will provide the financial industry with access to a broad range of futures and options products designed to meet the needs of both retail and institutional equity investors,” said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH. “We are very encouraged with the long-term potential for our collaboration, particularly given the depth and breadth of Bloomberg’s global distribution capabilities and the growing trend of asset managers, funds, and other investors benchmarking to Bloomberg indices.
MIAX Completes Acquisition of LedgerX, now MIAXdx
MIAX expands its operations with the acquisition of CFTC-regulated exchange and clearinghouse, LedgerX, before changing it's name to MIAXdx.
The acquisition of LedgerX represents an important part of our growth strategy, expanding our ability to offer new and innovative products to the swaps and futures industry,” said Thomas P. Gallagher, Chairman and CEO of MIH. “We are pleased to complete this acquisition and welcome the LedgerX team to the MIH family as we continue to execute on our strategy of operating regulated financial markets both in the U.S. and internationally.
MIAX Acquires Dorman Trading, a Full-Service FCM
MIAX expands its U.S. Futures operations with the acquisition of CFTC-registered Futures Commission Merchant, Dorman Trading.
Dorman Trading is proud of the service-oriented, customer-centric business model we have used to provide clearing services to our customers for the past 40 years. We are excited to grow our capabilities and services as we embark on this next step in our history, combining Dorman Trading’s experience as an FCM with MIAX’s resources and vision.
Read more- Daniel P. Dorman, Senior Vice President and Chief Operating Officer of Dorman Trading, Traders Magazine
MIAX Expands into Equities with MIAX Pearl Equities Launch
MIAX launched its first equities exchange, MIAX Pearl® Equities, leveraging the technology built for our options exchanges and offering trading in U.S. cash equities with price-time allocation and maker-taking pricing.
This caps an incredibly exciting few weeks that included the announced plan of merger with the Minneapolis Grain Exchange and the successful closing of a strategic equity rights transaction for MIAX Pearl Equities,” Douglas M. Schafer, Jr., executive vice president and chief information officer of MIH, said. “We look forward to our member firms experiencing the performance, reliability, customer service and low-cost that MIAX Pearl Equities brings to the equities marketplace.
- Douglas M. Schafer, Jr., Executive Vice President and Chief Information Officer, MIH
MIAX Acquires Full Ownership of Minneapolis Grain Exchange (MGEX™), now MIAX Futures
MIAX acquires a historically-recognized futures exchange, creating new access to clearing house services as a Designated Clearing Organization (DCO) and Derivatives Contract Market (DCM), and later renames it MIAX Futures.
When you’re leading an organization that’s been around for nearly 140 years, you do feel a sense of pride in that long history,” said Mark Bagan. “I’m very proud to preserve that.
Read more- Kavita Kumar, Star Tribune
MIAX Expands Globally through the Acquisition of The Bermuda Stock Exchange
BSX specializes in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants, and insurance linked securities.
Working alongside the MIH team during the past year has proven highly beneficial for both parties, and MIH’s decision to now acquire 100% ownership of BSX speaks to growth opportunities that MIH sees in our exchange. BSX is excited to add to the company’s bottom line and continued success.
Read more- Greg Wojciechowski, Bernews
MIAX Launches MIAX Emerald
MIAX’s third options exchange, MIAX Emerald®, provides a pro-rata allocation and maker-taker pricing model, and with its launch provides MIAX with access to 88% of total U.S. options market volume.
OCC congratulates the Miami International Securities Exchange on the successful launch of MIAX Emerald.
Read more- John Davidson, OCC chief executive officer, Press Release, OCC
MIAX Launches MIAX Pearl
MIAX's second fully-electronic options exchange, MIAX Pearl® serves as a counterpart to MIAX Options by providing a price-time allocation and maker-taker pricing model while leveraging our award-winning technology platform.
OCC congratulates the Miami International Securities Exchange on the successful launch of MIAX Pearl,” Craig Donohue, OCC executive chairman and CEO, said. “We are pleased to provide central counterparty clearing and settlement services to our newest participant exchange. As a Systemically Important Financial Market Utility and the foundation for secure markets, we look forward to the continued success of MIAX Pearl and continued growth of the U.S. exchange-traded options industry.
Read more- Editorial Staff, Traders Magazine
MIAX® Launches its First Fully-Electronic Options Exchange
MIAX launched MIAX Options®, its first fully-electronic options exchange for the trading of OCC-issued standardized options on equities and ETFs.
The approval of the MIAX Options Exchange is a significant milestone,” Thomas P. Gallagher, the company’s chairman and chief executive officer, said in a statement. “We are excited to enter into the U.S. options space and commence trading.
Read more- Nina Mehta, Bloomberg