MIAX sells 90% of derivatives exchange to Robinhood

Miami International Holdings Inc. (NYSE: MIAX) announced it has agreed to sell 90% of its MIAX Derivatives Exchange subsidiary to Robinhood Markets Inc. (NASDAQ: HOOD) in partnership with Susquehanna International Group. MIAX will retain a 10% stake in the exchange.

The transaction involves MIAXdx, which operates as both 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.

"Through our retained equity stake, the transaction announced today will provide MIAX with access to the growing prediction markets on an expedited basis," said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX.

JB Mackenzie, VP and GM of Futures and International at Robinhood, stated, "We're excited to continue working with MIAX as investors in this exchange. MIAX is a market leading exchange operator and we look forward to exploring future partnership opportunities to deliver products that meet the needs of Robinhood's customers."

The deal is expected to close in the first quarter of 2026, subject to customary closing conditions and certain filings with the CFTC.

MIAX operates nine exchanges across options, futures, equities and international markets. The company describes itself as a technology-driven leader in building and operating regulated financial markets across multiple asset classes.

You May Also Be Interested In

• Morgan Stanley Starts Sampo Oyj (SAMPO:FH) (SAXPY) at Equalweight
• KeyBanc Downgrades Skyworks Solutions (SWKS) to Sector Weight
• Piper Sandler Upgrades Patterson-UTI Energy (PTEN) to Overweight