Business
Miami International Holdings Announces Sale of MIAXdx to Robinhood Markets in Partnership with Susquehanna International Group
Miami International Holdings, Inc. (MIAX®) (NYSE: MIAX), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today announced it has entered into an agreement to sell 90% of the issued and outstanding equity in MIAX Derivatives Exchange (MIAXdx™), a wholly owned subsidiary of MIAX, to Robinhood Markets, Inc. (Robinhood) (NASDAQ: HOOD) in partnership with Susquehanna International Group. MIAX will retain the remaining 10% of the issued an
About this update from Robinhood Markets, Inc.
[{"type":"text","content":"Miami International Holdings to Retain 10% Stake in the Exchange and Clearinghouse","length":82,"tagName":"p","attribs":{}},{"type":"text","content":"PRINCETON, N.J. and MIAMI, Nov. 25, 2025 /PRNewswire/ -- Miami International Holdings, Inc. (MIAX®) (NYSE: MIAX), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today announced it has entered into an agreement to sell 90% of the issued and outstanding equity in MIAX Derivatives Exchange (MIAXdx™), a wholly owned subsidiary of MIAX, to Robinhood Markets, Inc. (Robinhood) (NASDAQ: HOOD) in partnership with Susquehanna International Group. MIAX will retain the remaining 10% of the issued and outstanding equity of MIAXdx.","length":588,"tagName":"p"},{"type":"image","alt":"MIAX Logo (PRNewsfoto/MIAX)","displaySize":"","headline":null,"caption":"MIAX Logo (PRNewsfoto/MIAX)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":156,"url":"https://media.zenfs.com/en/prnewswire.com/85aebe7ce2ae81213782e0cc2fd8e997"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jNR2E0YavwDYOSBHxUdB_Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI3NTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/85aebe7ce2ae81213782e0cc2fd8e997","width":400,"height":156}},"href":"https://mma.prnewswire.com/media/2635716/MIAX_new_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"MIAXdx is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) with regulatory approval from the Commodity Futures Trading Commission (CFTC) to list and clear fully collateralized futures, options on futures and swaps.","length":244,"tagName":"p"},{"type":"text","content":""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. "The transaction with Robinhood closely aligns with our strategy of partnering with industry leaders to offer innovative trading products to the market, and we're excited about the opportunity to gain exposure to prediction markets through this initiative. The transaction represents a logical step forward for MIAX as we continue to focus on strategic growth opportunities within our core exchan...