Miami International Holdings (MIAX) announced it has entered into an agreement to sell 90% of the issued and outstanding equity in MIAX Derivatives Exchange, or MIAXdx, a wholly owned subsidiary of MIAX, to Robinhood Markets (HOOD) in partnership with Susquehanna International Group. MIAX will retain the remaining 10% of the issued and outstanding equity of MIAXdx. MIAXdx is a Designated Contract Market and Derivatives Clearing Organization with regulatory approval from the Commodity Futures Trading Commission to list and clear fully collateralized futures, options on futures and swaps. The transaction is expected to close in the Q1 of 2026 and is subject to customary closing conditions and certain filings with the CFTC.
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