Miami International Holdings Announces OCC Clearing and Settlement Agreement for MIAX Futures Exchange

Rhea-AI Summary

Miami International Holdings (NYSE: MIAX) announced a clearing and settlement agreement between MIAX Futures and the Options Clearing Corporation (OCC). The deal enables eligible MIAX Futures participants to seek potential capital efficiencies via cross-margining against complementary products on MIAX exchanges and other markets.

MIAX Futures is also rolling out Bloomberg equity index futures on a phased schedule starting May 17, 2026, while continuing to clear its flagship Minneapolis Hard Red Spring Wheat and other agricultural products.

Positive

• OCC clearing agreement enables cross-margining for MIAX Futures participants
• Potential capital efficiencies for OCC member firms trading MIAX Futures products
• MIAX Futures becomes OCC’s fifth participant exchange under the MIAX name
• Phased launch of Bloomberg equity index futures starting May 17, 2026
• Expansion beyond agricultural products into equity index futures

Negative

• None.

News Market Reaction – MIAX

-2.48%

-2.48% Session close to close

In the May 20 session, MIAX declined 2.48%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement expands MIAX Futures’ relationship with OCC, enabling clearing, settlement, and cr...

Analysis

This announcement expands MIAX Futures’ relationship with OCC, enabling clearing, settlement, and cross-margining for its growing Bloomberg equity index futures lineup. The agreement coincides with the phased launch of Tini Bloomberg 100 Index Futures on May 17, 2026 and additional Bloomberg products scheduled into June. In recent months, MIAX reported record trading activity and strong Q1 2026 earnings, while multiple insider Form 4 filings show planned sales. Investors may watch adoption of the new contracts and ongoing volume trends as key indicators.

Key Figures

Tini 100 Futures launch: May 17, 2026 (May 18, 2026 trade date) Tini 500 Futures listing: May 31, 2026 (June 1, 2026 trade date) Bloomberg 500 Futures listing: June 7, 2026 (June 8, 2026 trade date) +1 more

4 metrics

Tini 100 Futures launch May 17, 2026 (May 18, 2026 trade date) First Bloomberg equity index futures product on MIAX Futures

Tini 500 Futures listing May 31, 2026 (June 1, 2026 trade date) Scheduled launch of Tini Bloomberg 500 Index Futures

Bloomberg 500 Futures listing June 7, 2026 (June 8, 2026 trade date) Scheduled launch of Bloomberg 500 Index Futures

OCC participant exchanges Fifth under MIAX name MIAX Futures becomes OCC’s fifth participant exchange under MIAX brand

Historical Context

5 past events · Latest: May 19 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 19	Product launch	Positive	-1.7%	Launch of Tini Bloomberg 100 Index Futures and schedule for additional Bloomberg futures.
May 15	Investor conferences	Positive	-1.2%	Announcement of CEO and CFO participation in multiple June investor conferences.
May 06	Trading update	Positive	+4.4%	Record YTD and April 2026 trading metrics and higher market share across exchanges.
May 06	Earnings results	Positive	+4.4%	Q1 2026 revenue and earnings growth with strong adjusted EBITDA and guidance reaffirmation.
Apr 22	Marketing campaign	Positive	+0.6%	Launch of nationwide "Excellence in Every Exchange" campaign supporting Bloomberg futures rollout.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent MIAX news has generally been positive in tone, yet price reactions have been mixed, with some product and conference announcements seeing modest selloffs while strong operational and earnings updates aligned with gains.

Recent Company History

Over the past month, MIAX has reported several growth-oriented milestones. On May 6, it posted record April trading metrics and strong Q1 2026 results, with those updates followed by a +4.36% move. Earlier, an April 22 advertising campaign highlighted upcoming Bloomberg equity index futures. More recently, news of launching Tini Bloomberg 100 Index Futures on May 19 and participation in June investor conferences saw modest negative reactions. Today’s OCC clearing and settlement agreement further advances the Bloomberg-linked futures strategy and builds on the existing OCC relationship.

Key Terms

clearing and settlement, cross-margining, equity derivatives, derivatives clearing organization, +1 more

5 terms

clearing and settlement financial

"announced a clearing and settlement agreement between MIAX Futures™ and the Options Clearing Corporation"

The process that happens after a trade where the buyer’s and seller’s details are checked, matched and the actual transfer of money and securities is completed so ownership changes hands. It matters to investors because it guarantees that trades become final and reduces the risk of mistakes, lost payments or double-selling; think of it like an independent escrow service that makes sure both the keys and the cash change hands on time.

cross-margining financial

"to realize potential capital efficiencies by cross-margining products listed on MIAX Futures"

Cross-margining is a brokerage practice that lets an investor use cash or collateral from one account or position to meet margin requirements for other accounts or related trades, effectively reducing the total amount of cash they must hold. Think of it like combining several wallets so a shortfall in one can be covered by money in another; this frees up capital and lowers costs but also links the risks, so losses in one area can more quickly affect your entire portfolio.

equity derivatives financial

"the Options Clearing Corporation (OCC), the world's largest equity derivatives clearing organization"

Equity derivatives are financial contracts whose value is tied to a stock or a group of stocks, like a bet or an insurance policy based on a share's future price. They matter to investors because they let you protect against losses, amplify gains with less upfront cash, or take a position without owning the stock directly, which affects market risk, liquidity and how prices move.

derivatives clearing organization regulatory

"MIAX Futures, a registered derivatives clearing organization (DCO) and designated contract market (DCM)"

A derivatives clearing organization is a regulated financial middleman that stands between buyers and sellers of futures, options, and other contracts to make sure trades are completed even if one side cannot pay. It collects collateral, nets offsetting positions, and runs backup plans for defaults, like an insurance pool for trades. Investors care because it reduces the chance of sudden losses from a counterparty failure, supports market liquidity, and makes derivatives trading safer and more reliable.

designated contract market regulatory

"a registered derivatives clearing organization (DCO) and designated contract market (DCM)"

A designated contract market is a regulated, public exchange where standardized futures and options contracts are bought and sold, similar to a supervised marketplace with clear rules and a referee to enforce them. It matters to investors because trading on such an exchange provides transparent prices, predictable contract terms and built‑in safeguards that reduce counterparty risk, making it easier to assess value and execute trades reliably.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MIAMI and PRINCETON, N.J., May 20, 2026 /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 a clearing and settlement agreement between MIAX Futures™ and the Options Clearing Corporation (OCC), the world's largest equity derivatives clearing organization.

The agreement allows MIAX Futures market participants who are members of OCC to realize potential capital efficiencies by cross-margining products listed on MIAX Futures against complementary products listed by MIAX Futures and other securities exchanges (including the MIAX exchanges) and futures markets.

"We are pleased to build on our longstanding relationship with OCC and bring its suite of clearing and risk management services to MIAX Futures market participants," said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX. "This agreement will provide our market participants with significant capital efficiencies when trading financial futures including our new Bloomberg equity index futures that began trading on MIAX Futures on May 17."

"We are pleased to welcome MIAX Futures as OCC's fifth participant exchange under the MIAX name," said Andrej Bolkovic, Chief Executive Officer of OCC. "MIAX Futures will benefit from our full range of clearing and risk management capabilities available to all our participating exchanges, and provide our clearing members with potential capital efficiencies through our internal cross-margining program. We look forward to continued collaboration with MIAX to promote operational excellence and innovation while supporting the continued growth of exchange-traded options and futures."

Mr. Gallagher added, "I want to personally acknowledge and thank the OCC team for their support as we worked to finalize the clearing and settlement agreement in time for the May 17 launch of the Tini™ Bloomberg 100 Index Futures contract."

MIAX Futures is listing Bloomberg equity index futures using a phased launch schedule. The first product, Tini Bloomberg 100 Index Futures, listed on May 17, 2026 (May 18, 2026 trade date). Tini Bloomberg 500 Index Futures are scheduled to be listed on May 31, 2026 (June 1, 2026 trade date). Bloomberg 500 Index Futures are scheduled to be listed on June 7, 2026 (June 8, 2026 trade date).

MIAX Futures, a registered derivatives clearing organization (DCO) and designated contract market (DCM), will continue to clear its flagship product — Minneapolis Hard Red Spring Wheat (HRSW) — and all other agricultural products listed on the exchange.

About MIAX
Miami International Holdings, Inc. (NYSE: MIAX) is a technology-driven leader in building and operating regulated financial markets across multiple asset classes and geographies. MIAX operates eight exchanges across options, futures, equities and international markets including MIAX^® Options, MIAX Pearl^®, MIAX Emerald^®, MIAX Sapphire^®, MIAX Pearl Equities™, MIAX Futures™, The Bermuda Stock Exchange (BSX) and The International Stock Exchange (TISE). MIAX also owns Dorman Trading, a full-service Futures Commission Merchant. To learn more about MIAX, please visit www.miaxglobal.com.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are based on management's current expectations and are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. Additional risks and uncertainties that may cause actual results to differ materially include the risks and uncertainties listed in Miami International Holdings, Inc.'s (together with its subsidiaries, the Company) public filings with the Securities and Exchange Commission. In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise.

All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company's use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.

MIAX Contacts:

Investors
investor.relations@miaxglobal.com 

Media
media@miaxglobal.com

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SOURCE MIAX

FAQ

What did Miami International Holdings (NYSE: MIAX) announce about MIAX Futures and OCC?

Miami International Holdings announced a clearing and settlement agreement between MIAX Futures and the Options Clearing Corporation. According to MIAX, the agreement allows OCC member firms trading on MIAX Futures to pursue potential capital efficiencies through cross-margining against complementary products on MIAX and other exchanges.

How does the OCC clearing agreement affect MIAX Futures market participants (MIAX)?

The OCC agreement gives eligible MIAX Futures participants access to OCC’s clearing and risk management services. According to MIAX, these participants may realize potential capital efficiencies by cross-margining MIAX Futures products with complementary positions on MIAX exchanges and other securities and futures markets.

When did Tini Bloomberg 100 Index Futures start trading on MIAX Futures (MIAX)?

Tini Bloomberg 100 Index Futures began listing on MIAX Futures on May 17, 2026, with a May 18, 2026 trade date. According to MIAX, this is the first product in a phased launch of Bloomberg equity index futures on the exchange.

What are the launch dates for Tini Bloomberg 500 and Bloomberg 500 Index Futures on MIAX Futures?

Tini Bloomberg 500 Index Futures are scheduled to list May 31, 2026, with a June 1, 2026 trade date. According to MIAX, Bloomberg 500 Index Futures are scheduled to list June 7, 2026, with trading dated June 8, 2026.

What ongoing products will MIAX Futures continue to clear after the OCC agreement?

MIAX Futures will continue clearing its flagship Minneapolis Hard Red Spring Wheat futures and all other agricultural products listed on its exchange. According to MIAX, the OCC arrangement complements rather than replaces its existing clearing of these established agricultural contracts.

What does becoming OCC’s fifth participant exchange under the MIAX name mean for MIAX Futures?

Being OCC’s fifth participant exchange under the MIAX name gives MIAX Futures access to OCC’s full clearing and risk management capabilities. According to MIAX, this status also offers OCC clearing members potential capital efficiencies via OCC’s internal cross-margining program.

How might the MIAX Futures and OCC agreement influence MIAX (NYSE: MIAX) investors?

The agreement expands MIAX Futures’ clearing framework and supports new equity index futures launches. According to MIAX, offering cross-margining and Bloomberg index futures may enhance the exchange’s appeal to market participants, which investors could watch as a factor in platform growth.