MIAX Acquires LedgerX to Expand Swaps and Futures Offerings

MIAX's Strategic Acquisition

The Miami International Securities Exchange (MIAX), part of Miami International Holdings (MIH), has successfully acquired LedgerX. This move follows court approval for the sale of LedgerX, previously an asset of FTX. MIAX's acquisition is a strategic step to enhance its portfolio and capabilities within the swaps and futures industry.

Expanding Market Capabilities

LedgerX, a regulated exchange and clearinghouse by the United States Commodity Futures Trading Commission, brings significant advantages to MIAX. This acquisition is pivotal to MIAX's growth strategy, allowing the company to introduce new and innovative products tailored for the swaps and futures market. The move positions MIAX to better serve its clients and expand its market reach.

MIH's Broader Financial Network

MIAX is part of a larger network of financial companies owned by Miami International Holdings. This acquisition aligns with MIH's overarching strategy to broaden its financial offerings and strengthen its position in the competitive financial services sector.

The integration of LedgerX into MIAX's operations is expected to provide enhanced services and products, reinforcing MIAX's commitment to growth and innovation in the financial industry. By acquiring LedgerX, MIAX is set to leverage new opportunities and solidify its standing as a leader in the exchange and clearinghouse market.