MIAMI and PRINCETON, N.J., Nov. 3, 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 that MIAX Options® submitted proposed rule filings to the Securities and Exchange Commission (SEC) to offer cash-settled binary index options — including contracts based on its exclusively-licensed Bloomberg equity indices — and cash-settled binary options tied to company key performance indicators (KPIs), on one or more of its SEC-registered exchanges, pending regulatory review. The filings mark the first step in the launch of binary options for its SEC-exchange customers.
“Investors increasingly want event-driven exposure, whether that’s where a benchmark closes or whether a company hits a specified performance metric,” said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX. “We believe that pairing binary options contracts with our Bloomberg index franchise and with company-reported KPIs is an important initiative as we build out our proprietary product offerings.”
The planned binary index options will allow market participants to take a view on whether a broad-based index benchmark, such as the Bloomberg® 500 (B500) Index or Bloomberg 100 (B100) Index, will finish above or below a stated level at expiration. Subject to SEC review and operational readiness, MIAX plans to launch the binary index options, which will clear and settle at The Options Clearing Corporation (OCC), in 2027.
The planned KPI binary options will allow market participants to gain exposure to specific and objective performance metrics that a public company reports in its SEC filings, such as revenue, earnings per share, or another disclosed operating figure, measured against a predetermined threshold. The timeline for launch of the KPI binary options will be announced at a later date and will be subject to SEC review and operational and clearing readiness.
Binary options are classified as security options by the SEC, meaning they operate under the same regulatory guidelines and with the same customer protections as traditional U.S.-listed options. This structure delivers institutional-grade liquidity, clear market transparency, and rigorous oversight, alongside several other advantages.
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 and Notice Registered Broker-Dealer with the National Futures Association for purposes of facilitating transactions of security futures. To learn more about MIAX, please visit www.miaxglobal.com.
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
This press release contains 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,” “expect,” “anticipates,” “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 MIAX’s 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.
Trading in securities, options, futures, options on futures, or other financial instruments involves risk and is not suitable for all investors. Any trades undertaken will be at the sole risk of the relevant investor and should always be made in compliance with the local laws and applicable regulations. Neither MIAX nor its subsidiaries are registered or licensed to provide, or purport to provide, financial services of any kind in any jurisdiction where MIAX or its subsidiaries are not authorized to do business or where such distribution would be contrary to the local laws and regulations.
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MIAX Contacts:
Media
media@miaxglobal.com
Investors
investor.relations@miaxglobal.com
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