Miami International Holdings, Inc.

MIAX Launches Physically-settled Fertilizer Futures on MIAX Futures

MIAX successfully launched four physically-settled fertilizer futures contracts — NOLA Urea (MGU), NOLA Mono-ammonium Phosphate (MAP), NOLA Di-ammonium Phosphate (DAP), and NOLA Potassium Chloride (MOP) — on its MIAX Futures exchange. The contracts trade on the MIAX Futures Onyx electronic platform and clear through MIAX Futures Clearing, targeting risk management and price discovery in a fertilizer supply chain exposed to Strait of Hormuz volatility. The launch deepens MIAX's commodity-futures footprint with support from CHS, a leading agribusiness; no financial impact figures were disclosed.

•4d ago

MIAX Announces Bloomberg Equity Index Futures Now Available on NinjaTrader

MIAX announced that Tini B500 and Tini B100 Bloomberg equity index futures are now available to eligible NinjaTrader customers, extending retail distribution to a platform serving roughly 4.5 million users. The futures trade exclusively on MIAX Futures with no exchange fees for retail traders and free market data, clearing at OCC; additional retail brokers are expected to offer them beginning in Q4 2026. MIAX also plans cash options on both indexes via MIAX Options, aiming for margin and capital efficiencies across the Bloomberg equity index complex — a modest but positive step in its retail growth push.

•10d ago

Miami International Holdings Reports September 2026 Trading Results

MIAX reported September 2026 trading volumes, with a record YTD options ADV of 11.0 million contracts, up 22.0% from the same period in 2025. The group's YTD options market share hit a record 17.1%, versus 16.7% a year ago, even though September market share of 16.7% trailed both the prior year and August. MIAX Pearl equities volumes fell sharply (September ADV down 49.7% YoY), while futures agricultural ADV rose 34.5% and financial futures continued to ramp after their May launch.

•19d ago

Miami International Holdings Announces OCC Clearing Membership for its FCM

MIAX announced its futures commission merchant Dorman Trading is now a clearing member of The Options Clearing Corporation, the world's largest equity derivatives clearing organization. OCC membership lets the FCM offer clients cost and operational efficiencies when trading the Bloomberg equity index futures MIAX launched in May 2026, including Tini B100, Tini B500 and B500 Index Futures. MIAX also increased the FCM's net capital by $40 million, bringing adjusted net capital to roughly $68 million as of August 31, 2026, to support an expanded client base.

•1mo ago

Miami International Holdings Reports August 2026 Trading Results

MIAX Exchange Group posted a record year-to-date average daily volume of 11.0 million options contracts through August 2026, a 25.5% increase from the same period in 2025. August options ADV came in at 11.5 million contracts, up 21.1% year-over-year, and YTD market share hit a record 17.1% versus 16.5% in the prior-year period, with August share reaching 18.4%. Offsetting the strength, MIAX Pearl equities ADV fell 33.7% year-over-year to 112 million contracts with market share slipping from 1.0% to 0.7%, while the newly launched financial futures business averaged just 1,557 contracts per day in August.

•1mo ago

TISE Reports H1 2026 Listing Results; Sets Records for Total Number and Value of Listings

TISE, a wholly-owned subsidiary of Miami International Holdings, reported record H1 2026 results with 442 new securities listed, bringing total listings to 4,861. Total market value of listed securities reached a record £813 billion, up 4.7% year-over-year, driven by growth in high-yield bonds and securitisations. CEO Cees Vermaas noted the exchange's resilience despite macro uncertainty, highlighting TISE's position as a leading European bond listing venue with issuers from 39 territories.

•2mo ago

MIAX: 10-Q · periodic report

Miami International Holdings reported Q2 2026 revenue of $387.6 million, up 18.3% year over year, with net income attributable of $44.2 million, up 87.9%, and diluted EPS of $0.40 versus $0.30 a year earlier. First-half net income of $214.4 million was inflated by a $50.6 million gain on the January 2026 sale of 90% of MIAXdx (LedgerX) to a Robinhood-Susquehanna joint venture and an $85.6 million tax benefit from a valuation allowance release and share-based compensation items. The quarter absorbed a $30.0 million litigation settlement charge related to Nasdaq's trade secret suit, which was paid on July 20, 2026 after the court dismissed all claims with prejudice, leaving MIAX free to operate and build its exchanges without any license from Nasdaq. The balance sheet is essentially debt-free with $660.5 million of cash, following the August 2025 IPO that raised $396.8 million gross and funded repayment of the $178.4 million 2029 senior secured term loan. Watch items include heavy customer concentration (three customers were 16%, 15% and 12% of Q2 revenue) and continued operating losses in the Equities and Futures segments.

SEC 10-Q•2mo ago

Miami International Holdings Reports Second Quarter 2026 Results

Miami International Holdings reported record Q2 2026 net revenue of $141.1 million, up 35% year-over-year, driven by a 25% increase in options volume and higher revenue per contract. Adjusted EBITDA surged 57% to $76.8 million with margins expanding by over 700 basis points to 54%, though GAAP operating income was flat due to a $30 million litigation settlement charge. The company tightened its full-year 2026 guidance for adjusted operating expenses to $260-$270 million, down from the prior range, while raising expectations for share-based compensation and depreciation.

•2mo ago

Miami International Holdings Reports July 2026 Trading Results

MIAX Exchange Group reported record year-to-date average daily volume of 10.9 million contracts through July 2026, a 26.3% increase from the prior year. The group also achieved a record YTD market share of 16.9%, driven by a 28% year-over-year jump in July options volume to 11.0 million contracts. Conversely, equities volume on MIAX Pearl declined 39% month-over-month to 117 million shares, highlighting a divergence between asset classes.

•2mo ago

MIAX: 8-K · litigation

Miami International Holdings announced that the U.S. District Court for the District of New Jersey entered an Order of Dismissal With Prejudice regarding all claims and counterclaims in its litigation with Nasdaq, Inc. The Order resolves all matters related to the lawsuit, which was originally filed by Nasdaq in September 2017. As a result of the dismissal, the Company is not required to obtain a license or consent from Nasdaq to operate its business. The Company retains the freedom to operate, modify, and create new exchanges and trading platforms, as well as commercialize its technology without infringement claims based on the Litigation. The lawsuit included proceedings before the Patent Trial and Appeal Board, which in 2019 invalidated six patents asserted by Nasdaq against the Company. The litigation stay was lifted in June 2022, leading to the final resolution announced today.

SEC 8-K•3mo ago

Miami International Holdings Reports June 2026 Trading Results

MIAX Exchange Group achieved record year-to-date average daily volume of 10.9 million multi-list options contracts through June, up 26.0% from the same period in 2025. YTD market share reached 16.9%, an increase from 16.4% in the prior-year period, driven by 37.7% ADV growth in June. MIAX Futures launched financial futures in May; June agricultural ADV was 16,203 contracts while financial futures posted 5,740 contracts.

•3mo ago

Miami International Holdings Reports May 2026 Trading Results

MIAX reported a record year-to-date average daily volume of 10.8 million contracts for its options exchanges, representing a 23.7% increase over the same period in 2025. The MIAX Exchange Group also set a new YTD market share record of 17.1%, up from 16.4% in the prior-year period, driven by strong growth in the U.S. multi-list options segment. MIAX Futures launched Tini™ Bloomberg 100 Index Futures in mid-May, which generated an average daily volume of 13,105 contracts during its first 10 trading days.

•4mo ago

OCC Begins Clearing for MIAX Futures Exchange

MIAX Futures Exchange is now live with clearing and settlement services provided by the Options Clearing Corporation (OCC). The exchange began listing Bloomberg equity index futures on May 17, 2026, and OCC is now its clearing partner, marking the fifth participant exchange under the MIAX name. MIAX CEO Thomas P. Gallagher stated that OCC’s services will provide meaningful capital efficiencies through cross-margining for market participants trading on the MIAX Futures Onyx platform.

•5mo ago

Miami International Holdings Reports First Quarter 2026 Results

Miami International Holdings reported record Q1 revenue of $128.6 million, up 40% year-over-year, driven by a 27% increase in options volume and market share gains to 17.3%. Adjusted EBITDA surged 66% to $66.1 million with margins expanding 800 basis points to 51%, while adjusted diluted EPS rose to $0.42. The company reaffirmed its full-year 2026 adjusted operating expense guidance of $265-$275 million and ended the quarter with $550.8 million in cash.

•5mo ago

Miami International Holdings Reports Trading Results for April 2026

MIAX Exchange Group achieved a record year-to-date average daily volume of 10.8 million multi-list options contracts through April 2026, representing a 23.9% increase compared to the prior year. The group also set a YTD market share record of 17.2%, up from 16.1% in the same period last year, driven by sustained volume growth. Conversely, MIAX Futures volume declined 30.5% year-over-year in April, while MIAX Pearl equities ADV fell 13.9%.

•5mo ago