Miami International Holdings Plans Wheat Trading Migration to MIAX

Author: Addison Perry Updated: 01-23-2025 09:28 AM

Miami International Holdings Sets New Trading Platform for Wheat

Miami International Holdings, Inc. (MIH), renowned for its technology-driven approach in regulating financial markets, has revealed exciting plans to transition Minneapolis Hard Red Spring Wheat (HRSW) futures to the innovative MIAX Futures Onyx platform. Slated for the second quarter of 2025, this transition is poised to enhance the trading experience for all participants involved.

Commitment to the Agricultural Sector

MIH has established a strong legacy within the agricultural industry, highlighted by their long-standing relationships with key market participants in Minneapolis. According to Thomas P. Gallagher, Chairman and CEO of MIH, the launch of this new trading platform is a testament to their dedication to supporting agricultural advancements. He emphasized the importance of collaboration over the years as they aim to promote liquidity along with competitive fee schedules, enabling farmers and traders to thrive.

Comprehensive Modernization Efforts

The upcoming launch aligns with MIH’s broader strategy of modernizing its trading platforms. The MIAX Futures Onyx will culminate years of development aimed at enhancing their trading and clearing infrastructures. This includes cutting-edge measures for risk management, such as backtesting and stress testing capabilities that support real-time calculations. Customers will benefit from an extensive range of new products coupled with enhanced clearing services that MIAX will present.

Innovation Through Industry Feedback

Throughout the process of developing MIAX Futures Onyx, MIH sought vital feedback from the industry to shape its design. Gallagher expressed optimism that this platform will redefine industry standards, prioritizing speed, reliability, and innovation when it goes live. The company continues to prioritize an efficient trading environment, ensuring participants can navigate the futures market better than ever before.

About MIAX and Its Future Directions

Miami International Holdings is the parent company of several significant trading exchanges, including the Miami International Securities Exchange, MIAX Pearl, and MIAX Emerald. With state-of-the-art proprietary technology, MIAX has made its mark as a leader in options trading while maintaining a robust clearing process through MIAX Futures. The extensive suite of services offered reflects MIAX’s commitment to providing innovative solutions for trading needs.

Contact Information

For media inquiries, Andy Nybo, Senior Vice President and Chief Communications Officer at MIH, is available at (609) 955-2091. Interested individuals seeking to learn more about MIAX are encouraged to reach out directly for additional insights and updates regarding the MIAX Futures Onyx launch.

Frequently Asked Questions

1. When will the trading migration for Minneapolis Hard Red Spring Wheat take place?

The migration is scheduled for the second quarter of 2025 as part of MIAX’s expansion efforts.

2. What is MIAX Futures Onyx?

MIAX Futures Onyx is a new trading platform aimed at enhancing the trading and clearing processes for agricultural products like HRSW.

3. How will this migration benefit traders and market participants?

The migration promises to provide significant improvements in trading efficiencies, liquidity support, and an expanded product range.

4. Who is leading the initiative at MIH?

Thomas P. Gallagher, the Chairman and CEO of MIH, is at the forefront of this initiative.

5. How can stakeholders find more information about the new platform?

Stakeholders are encouraged to contact MIAX directly for updates or resources related to the MIAX Futures Onyx platform.

About The Author

Hello, I'm 30-year-old financial writer and expert Addison Perry, and I love to simplify the intricacies of the financial industry. I've committed myself over the years to deciphering the subtleties of investing techniques and economic trends and converting them into doable guidance that anybody can use. My goal with writings and books is to make money interesting and approachable so that readers may take charge of their financial futures.

My enthusiasm to empowerment and education has propelled me through my career in finance. I write because I think that everyone should be able to make educated financial decisions, and I try to provide that. Regardless of experience level with investing, my work is intended to provide insightful analysis and practical advice to enable you to thrive in the always changing financial environment. I appreciate you traveling with me toward success and financial literacy.

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