Miami International Holdings Launches Bloomberg 500 Index on OPRA and MIAX Data Feeds

Miami International Holdings, Inc. (MIH), a prominent player in the financial markets sector, has recently introduced the Bloomberg US Large Cap Price Return Index, identified under the ticker symbol B500 Index, through the Options Price Reporting Authority (OPRA) and MIAX Product Feed (MPF). This announcement, made on April 16, 2025, is poised to reshape the landscape of financial data accessibility in the market.

The company’s chairman and CEO, Thomas P. Gallagher, expressed optimism regarding this development, highlighting its capacity to provide a valuable data source to support the anticipated launch of MIAX Bloomberg 500 Index Futures and Options in the latter half of 2025. With this move, MIH aims to address the industry's demand for alternative means to manage exposure to U.S. equities. Gallagher articulates that the new products will not only feature competitive pricing but will also enhance the product variety and better align contract sizes with the dynamic requirements of retail and institutional investors alike.

The introduction of the MIAX Bloomberg 500 Index Futures is set to occur on the MIAX Futures trading platform, pending necessary regulatory approvals from the Commodity Futures Trading Commission (CFTC). Additionally, the MIAX Bloomberg 500 Index Options will become available on MIAX Options, also pending approval from the Securities and Exchange Commission (SEC). This dual-launch strategy reflects MIH's commitment to expanding its offerings and meeting the evolving needs of its clients.

Umesh Gajria, serving as the Global Head of Index-Linked Products at Bloomberg Index Services Limited, also expressed enthusiasm for the accessibility of the B500 Index. Gajria noted that the broader availability of the BBX data through the MPF and OPRA enables smoother integration into trading strategies, risk assessments, and analytical models. This support is crucial as MIH and Bloomberg prepare to unveil a suite of innovative financial products that leverage the strengths of the B500 Index.

The Bloomberg US Large Cap Price Return Index serves as a comprehensive, rules-based benchmark for the 500 most highly capitalized companies within the U.S. This index is designed to provide a more accurate portrayal of the large-cap segment in U.S. markets, contrasting with other indices that may rely on discretionary methods.

Previously, MIH had communicated intentions to list the MIAX Bloomberg 500 Index Futures and Options on its MIAX exchanges later in 2025, contingent upon fulfilling regulatory obligations. Notably, the MIAX Bloomberg 500 Index Futures will mark the debut of financial futures trading on the MIAX Futures Onyx platform, pending regulatory filing with the CFTC.

The MIH umbrella encompasses several exchanges, including the Miami International Securities Exchange LLC (MIAX), MIAX PEARL, MIAX Emerald, MIAX Sapphire, and the MIAX Futures Exchange, all of which are national securities exchanges that have been constructed using proprietary technology to optimize performance in the highly competitive U.S. options market.

With MIAX Futures, which is also a registered exchange under the CFTC, the organization offers a variety of trading products, including Hard Red Spring Wheat Futures. The entirety of MIAX services positions the company as a forward-thinking leader in the financial market landscape.

Miami International Holdings operates its headquarters and National Operations Center in Princeton, New Jersey, while also maintaining additional offices in Chicago, Illinois, and Miami, Florida. Furthermore, MIAX Futures and MIAXdx have dedicated offices located in Minneapolis, Minnesota, and Princeton, New Jersey respectively, with the Bermuda Stock Exchange (BSX) situated in Hamilton, Bermuda.

As the financial landscape continues to evolve, Miami International Holdings remains dedicated to redefining trading and investment opportunities, providing individual and institutional investors with the necessary tools and information to navigate the complexities of today’s markets.

For more detailed information regarding MIAX and its offerings, interested parties are encouraged to visit MIAX Global and explore further insights into MIAX Futures and MIAXdx services. This launch of the Bloomberg 500 Index represents not just an advancement in technological capabilities but also a notable step towards expanding financial product choices for investors worldwide.