Miami International Holdings Announces OCC Clearing and Settlement Agreement for MIAX Futures Exchange
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
"We are pleased to welcome MIAX Futures as OCC's fifth participant exchange under the MIAX name," said
MIAX Futures is listing Bloomberg equity index futures using a phased launch schedule. The first product,
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.
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