CGQ: Offering Day-One Access to MIAX Futures Exchange
Unlock Seamless Access to MIAX Futures with CQG
Background and Renaming
Last month, Miami International Holdings, Inc. (MIH) took a significant step by renaming Minneapolis Grain Exchange, LLC (MGEX), a wholly owned subsidiary of MIH, to MIAX Futures Exchange. This move is part of MIH's strategy to expand the range of futures and options products listed on the exchange, encompassing agricultural and financial futures. It came just a month after MIH entered into a licensing agreement with Bloomberg Index Services Limited to develop a suite of index futures, options on futures, and cash options products based on a portfolio of benchmarks.This renaming and the subsequent licensing agreement showcase MIH's commitment to diversifying and enhancing its offerings in the futures market. It sets the stage for a more comprehensive and dynamic trading environment.
The decision to rename MGEX to MIAX Futures Exchange is likely to attract the attention of traders and investors alike, as it brings together a new set of opportunities and products.
CGQ's Role and Client Benefits
CQG CEO Ryan Moroney expressed his delight in working closely with MIH on the development of the new trading engine and being among the first to enable clients to trade on the MIAX Futures Onyx platform.Clients are already trading the Minneapolis Hard Red Spring Wheat contract on MIAX Futures and are excited to have additional financial futures products to trade in conjunction with other products on the CQG network. They can utilize the full range of CQG tools at their fingertips, providing them with a comprehensive trading experience.
Moroney emphasized CQG's commitment to supporting the exchange and ensuring that clients have seamless access to MIAX Futures products as it transitions to the new engine. This dedication to client satisfaction is a key aspect of CQG's business model.
MIH's Perspective
Thomas P. Gallagher, Chairman and CEO of MIH, stated that they are pleased to have CQG providing connectivity to the MIAX Futures Onyx platform as part of its expected launch in Q2 2025.CGQ's sophisticated trading infrastructure will offer professional traders direct access to MIH's current and planned derivatives products. This alignment with MIH's strategy of expanding access to MIAX Futures through industry-leading trading platforms is a significant development.
By partnering with CQG, MIH aims to provide traders with a seamless and efficient trading environment, leveraging the strengths of both companies.
About CQG
CQG provides the industry's highest performing solutions for traders, brokers, commercial hedgers, and exchanges globally. Its services include trading, market data, advanced technical analysis, risk management, and account administration.The firm partners with the vast majority of futures brokerage and clearing firms and provides Direct Market Access (DMA) to more than 45 exchanges through its global network of co-located Hosted Exchange Gateways. CQG technology serves as the front end for a variety of exchanges and is increasingly employed as the over-the-counter matching engine for important new markets.
Its server-side order management tools for spreading, market aggregation, and smart orders are renowned for their speed and ease of use. The market data feed consolidates 85 sources, including exchanges worldwide for futures, options, fixed income, foreign exchange, and equities, as well as data on debt securities, industry reports, and financial indices.
As one of the longest-serving technology solutions providers in the industry, CQG has won numerous awards for its trading software, technical analysis, and multi-asset trading platform. With headquarters in Denver and sales and support offices and data centers in key markets globally, CQG provides services in more than 60 countries.
For more information, visit www.cqg.com.Source: CGQ