Robinhood has acquired MIAXdx and will launch a new futures and derivatives trading platform next year
BlockBeats News, November 26th, Stock and cryptocurrency trading platform Robinhood is launching a futures and derivatives exchange and clearinghouse, deepening its investment in the prediction markets. Through a partnership with Susquehanna, it has established a new, independently operated joint venture, with Robinhood Markets, Inc. as the majority partner, providing retail demand and distribution channels. Market maker Susquehanna International Group is a key partner and initial liquidity provider on day one, with plans to onboard additional liquidity providers in the future. The joint venture will accelerate its service delivery through the acquisition of MIAXdx.
MIAXdx is a designated contract market (DCM), derivatives clearing organization (DCO), and swap execution facility (SEF) licensed by the U.S. Commodity Futures Trading Commission (CFTC) and a wholly-owned subsidiary of Miami International Holdings, Inc. (MIAX) (NYSE: MIAX). MIAX will continue to hold a 10% strategic equity interest in the exchange. This independent joint venture will offer futures and derivative products to futures commission merchants (FCMs) platforms, including prediction markets, expected to commence operations in 2026.
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