Innovative Partnership: Miami International Holdings & Bloomberg

Miami International Holdings Collaborates with Bloomberg

Miami International Holdings, Inc. (MIH), a leading tech-driven operator in regulated financial markets, has officially entered into a significant licensing agreement with Bloomberg Index Services Limited. This partnership aims to develop a comprehensive suite of index futures, options on futures, and cash options products based on Bloomberg's extensive portfolio of benchmarks. The initial focus will be on launching a variety of equity index products that will be listed exclusively on MIH's exchanges, pending regulatory approval.

Enhancing Investment Opportunities for All

Thomas P. Gallagher, Chairman and CEO of MIH, shared his excitement about this strategic collaboration, emphasizing its potential to transform the financial landscape. "Our work with Bloomberg Indices will allow investors to access a wide array of futures and options products tailored for both retail and institutional equity investors," Gallagher stated. He expressed optimism about the long-term benefits that such a partnership could foster, particularly considering Bloomberg's expansive distribution network and the increasing trend of asset managers aligning their strategies with Bloomberg's indices.

Bloomberg Indices' Commitment to Innovation

Dave Gedeon, CEO of Bloomberg Indices, highlighted the extensive resources invested in developing innovative equity benchmarks. These benchmarks span various geographies and sectors, utilizing a rules-based and transparent methodology to ensure reliability. Gedeon stated, "Our alliance with MIH will give the global investment community new tools to better manage equity risk exposure through our financial derivative products based on Bloomberg equity indices.”

Competitive Landscape in Equity Index Derivatives

MIH's unique combination of expertise in managing futures and options exchanges, paired with Bloomberg's sophisticated index calculation and distribution capabilities, is poised to enhance competition within the equity index derivatives market. Gallagher noted that this initiative could shift the paradigm of how derivatives are traded, ultimately benefiting investors by providing them with diverse and innovative financial products.

Bloomberg’s Extensive Index Offerings

Bloomberg’s global equity index families cover over 99% of the free float market capitalization across 48 countries, making them accessible for various investment strategies, including benchmarking and product development. Since launching its index products in 2019, Bloomberg has escalated its offerings to over 6,000 global equity indices, incorporating transparent methodologies that stakeholders can trust.

About MIAX and its Products

Miami International Holdings, Inc., the parent company of MIAX, owns and operates several exchanges, including MIAX, MIAX Pearl, MIAX Emerald, MIAX Sapphire, the Minneapolis Grain Exchange, and Ledger X under MIAX Derivatives Exchange. Each of these platforms utilizes proprietary technology to ensure high-performance trading capabilities and is designated as a national securities exchange registered with the Securities and Exchange Commission.

MIAX also serves as the exclusive venue for cash-settled options on the SPIKES Volatility Index, a vital measure for investors focusing on expected market volatility, approved for trading by the regulatory bodies. This positioning underscores MIH's commitment to providing top-notch services for both equity and derivative traders.

Exploring New Avenues in the Financial Market

The partnership with Bloomberg signifies a pivotal moment for MIH as it seeks to expand its footprint and deliver more value to investors. The collaboration is expected to introduce innovative financial instruments that will not only cater to the ever-evolving market demands but also enhance the competitive dynamics within the industry.

Conclusion: A Promising Future Ahead

As MIH continues to forge ahead, the implications of this partnership with Bloomberg are substantial. Investors stand to gain unprecedented access to diversified financial products that prioritize both transparency and efficiency. This innovative approach not only reflects MIH’s operational ethos but also its commitment to meeting the diverse needs of the global investment community.

Frequently Asked Questions

1. What is the main goal of the MIH and Bloomberg collaboration?

The primary goal is to develop a suite of index futures, options on futures, and cash options based on Bloomberg's benchmark indices to provide more investment tools for traders.

2. How does this agreement benefit investors?

It enhances the variety of futures and options products available, catering specifically to the needs of both retail and institutional investors.

3. What is unique about Bloomberg’s equity indices?

They offer comprehensive coverage of over 99% of the global free float market capitalization, encompassing various sectors and regions, utilizing transparent methodologies.

4. How many global equity indices does Bloomberg currently have?

Bloomberg calculates more than 6,000 global equity indices, launched as part of its suite of equity products since 2019.

5. What are MIAX's key product offerings?

MIAX offers trading on options across its exchanges and cash equities, with proprietary technology designed for high-performance trading demands.

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