Miami International Holdings, Inc. (MIH), head of the manufacture and operation of financial markets in multiple categories of assets, today announced the successful launch of Miax Futures Onyx, a privately owned technological platform designed for the power of the trade in the future.
“Developed by the World Class Technology Group with the same proven systems that feed Miax® exchanges, we believe that the Miax Futures Onyx technology platform sets a new standard for fast and reliable trading technology for the future fulfillment industry,” said Thomas P. Gallagher and Mi. “We remain committed to supporting the agricultural industry and look forward to continuous cooperation with Minneapolis Hrsw market participants who have entrusted Futures Miax (formerly Minneapolis’s Cereals) for more than a century.”
The launch of Miax Futures Onyx is in line with MIH’s strategy to build and operate all its purchases in privately owned Miax technology and is expected to significantly extend the range of products and clearance services offered to Miax Futures customers. The Bloomberg 500 Futures Index will negotiate on the platform as soon as it begins in the second half of 2025, pending deposit with the Futures Futures (CFTC).
In addition, this launch marks the migration of future future Miax Futures (Minneapolis Hrsw), which are negotiating on the new platform and completing modernization after the inland and clearing of Miax infrastructure.
“The new Miax Onyx trade platform was built on House in privately owned technology to cover high performance order processing requires a unique to the US Commercial Contracting Industry of Future Fulfillment,” said Matthew J. Rotella, executive vice -president of Miax. “Industry feedback and the extension of Miax’s proven technology were critical elements for the design and development of Miax Futures Onyx and we are pleased to continue the inheritance of the exchange with a modern platform that allows us to better serve market participants with extensive products and services.”
Miax Futures was acquired by MIH in 2020.