#USA #Miami #Miami International #Robinhood #MIAXdx

Miami International Holdings Completes Sale of MIAXdx

Miami International Holdings, Inc. (MIAX®) recently announced the completion of a significant transaction involving the sale of 90% of its subsidiary, MIAX Derivatives Exchange (MIAXdx™), to a joint venture formed by Robinhood Markets, Inc. in collaboration with Susquehanna International Group. This strategic move is not just a sale; it is a part of MIAX's broader strategy focused on growth and modernizing financial markets.

Dive into the Details of the Sale

The transaction, reported on January 21, 2026, marks a pivotal moment for MIAX, which has predominantly focused on building and operating regulated financial markets across various assets. Despite the substantial sale, MIAX has retained a 10% equity stake in MIAXdx, which allows the company to maintain a connection to the ongoing development and operations of the exchange. MIAXdx is recognized as both a Designated Contract Market (DCM) and a Derivatives Clearing Organization (DCO) and holds the required regulatory approval from the Commodity Futures Trading Commission (CFTC).

The Chairman and CEO of MIAX, Thomas P. Gallagher, emphasized that this sale aligns with their commitment to collaborate with industry leaders to enhance their growth strategies. By doing so, MIAX seeks to tap into the emerging realm of prediction markets while still having a vested interest in MIAXdx’s performance and success.

The Implications for the Market

With Robinhood, a well-known name in the online trading space, taking the helm alongside Susquehanna, the future of MIAXdx looks promising. JB Mackenzie, Vice President and General Manager of Futures and International at Robinhood, expressed the intent to significantly improve customer experiences within this burgeoning asset class. The joint venture's ability to leverage technology and innovation will surely set a new precedent in the derivatives space, potentially increasing market participation and accessibility for retail traders.

The collaboration between these two powerhouses could spur modernization efforts in predicting market trends, aiming for a more streamlined and user-friendly trading platform. This kind of evolution in the trading landscape is critical as investors increasingly seek out platforms that cater to their needs in a fast-moving digital finance environment.

A Snapshot of MIAX’s Growth

Miami International Holdings has firmly established itself as a pivotal force in the financial markets, operating multiple exchanges that span options, futures, equities, and international markets. Its portfolio includes notable exchanges such as MIAX® Options, MIAX Pearl®, MIAX Emerald®, MIAX Sapphire®, MIAX Pearl Equities™, MIAX Futures™, The Bermuda Stock Exchange (BSX), and The International Stock Exchange (TISE). Moreover, MIAX owns Dorman Trading, a full-service Futures Commission Merchant, further diversifying its business model.

As the financial landscape continues to evolve, partnerships like the one between MIAX, Robinhood, and Susquehanna mark significant advancements in market structure, aiming to create robust and efficient trading environments. This transaction not only enhances MIAX's strategic footing but also aligns with the growing demand for innovative trading solutions among a diverse range of investors.

Conclusion

The sale of MIAXdx to the joint venture is a significant milestone for MIAX, underscoring its commitment to innovation and adaptability in the financial services sector. As the landscape shifts towards technology-driven solutions, MIAX’s ability to leverage its expertise while partnering with market leaders like Robinhood presents a promising outlook for the future of MIAXdx and its contributors in the emerging predictive market arena.