| FUTURES-COMMISSION-MERCHANTS |
FUTURES-COMMISSION-MERCHANTS |
90%
|
Receivable from broker-dealers, futures commission merchants and clearing organizations are as follows |
| DORMAN-TRADING |
DORMAN-TRADING |
80%
|
Dorman Trading is a Chicago-based FCM registered with the CFTC, providing execution and clearing services for introducing brokers, retail customers, institutional clients and professional traders on … |
| FISI |
Financial Institutions, Inc. |
72%
|
nds. Dorman Trading deposits its own funds and its customers’ funds with banks and other financial institutions, including other FCMs under omnibus arrangements to effect daily cash settlements and, … |
| FISI |
Financial Institutions, Inc. |
72%
|
Reciprocal relationship from FISI graph: Reciprocal relationship from MIAX graph: Reciprocal relationship from FISI graph: Reciprocal relationship from MIAX graph: Reciprocal relationship from FISI g… |
| HOOD |
Robinhood Markets, Inc. |
72%
|
Reciprocal relationship from HOOD graph: Reciprocal relationship from MIAX graph: Reciprocal relationship from HOOD graph: Reciprocal relationship from MIAX graph: Item 1. Business The following desc… |
| HOOD |
Robinhood Markets, Inc. |
72%
|
Item 1. Business The following description of our business should be read in conjunction with the information included elsewhere in this Annual Report on Form 10-K for the year ended December 31, 202… |
| MS-PE |
Morgan Stanley |
72%
|
Reciprocal relationship from MS-PE graph: Reciprocal relationship from MIAX graph: Reciprocal relationship from MS-PE graph: Reciprocal relationship from MIAX graph: Reciprocal relationship from MS-P… |
| MS-PK |
Morgan Stanley |
72%
|
aw from our options exchanges or impose additional market-maker financial requirements, or if market-makers were unable to transfer to another clearing member or other liquidity providers were unable… |
| ADMIS-INTERNATIONAL-LTD |
ADMIS-INTERNATIONAL-LTD |
62%
|
cultural futures products, and additional financial futures products on the MIAX Futures Onyx trading platform, subject to certain regulatory filings. The MIAX Futures DCO operates on proprietary tec… |
| BOFA-SECURITIES-INC |
BOFA-SECURITIES-INC |
62%
|
aw from our options exchanges or impose additional market-maker financial requirements, or if market-makers were unable to transfer to another clearing member or other liquidity providers were unable… |
| BOFA-SECURITIES-INC-FOG-EQUITIES-LLC |
BOFA-SECURITIES-INC-FOG-EQUITIES-LLC |
62%
|
aw from our options exchanges or impose additional market-maker financial requirements, or if market-makers were unable to transfer to another clearing member or other liquidity providers were unable… |
| CBOE-FUTURES-EXCHANGE-LLC |
CBOE-FUTURES-EXCHANGE-LLC |
62%
|
cultural futures products, and additional financial futures products on the MIAX Futures Onyx trading platform, subject to certain regulatory filings. The MIAX Futures DCO operates on proprietary tec… |
| CHICAGO-MERCANTILE-EXCHANGE-INC-GROUP |
CHICAGO-MERCANTILE-EXCHANGE-INC-GROUP |
62%
|
cultural futures products, and additional financial futures products on the MIAX Futures Onyx trading platform, subject to certain regulatory filings. The MIAX Futures DCO operates on proprietary tec… |
| CO-LLC |
CO-LLC |
62%
|
aw from our options exchanges or impose additional market-maker financial requirements, or if market-makers were unable to transfer to another clearing member or other liquidity providers were unable… |
| COMMODITY-EXCHANGE-INC |
COMMODITY-EXCHANGE-INC |
62%
|
cultural futures products, and additional financial futures products on the MIAX Futures Onyx trading platform, subject to certain regulatory filings. The MIAX Futures DCO operates on proprietary tec… |
| DORMAN-TRADING-LLC |
DORMAN-TRADING-LLC |
62%
|
Item 1. Business The following description of our business should be read in conjunction with the information included elsewhere in this Annual Report on Form 10-K for the year ended December 31, 202… |
| EXCHANGE-GROUP |
EXCHANGE-GROUP |
62%
|
ers. Fee models used by exchanges are complex and can be differentiated by a number of factors including the type of customer executing the trade, the number of legs in a trade, the price of the opti… |
| HOLDINGS-LLC |
HOLDINGS-LLC |
62%
|
ended March 31, 2026, the Company received prepaid fees of $ 5.2 million and recognized deferred transaction revenue of $ 4.8 million. During the three months ended March 31, 2025, the Company receiv… |
| LEDGERX-LLC |
LEDGERX-LLC |
62%
|
Item 1. Business The following description of our business should be read in conjunction with the information included elsewhere in this Annual Report on Form 10-K for the year ended December 31, 202… |
| MIAX-EXCHANGE-GROUP |
MIAX-EXCHANGE-GROUP |
62%
|
ubstantial time and money developing new services and product offerings and improving current product or service offerings. We anticipate launching several new products in the future, such as additio… |
| MIAX-FUTURES-EXCHANGE-LLC |
MIAX-FUTURES-EXCHANGE-LLC |
62%
|
Item 1. Business The following description of our business should be read in conjunction with the information included elsewhere in this Annual Report on Form 10-K for the year ended December 31, 202… |
| MIH-EAST-HOLDINGS-LIMITED |
MIH-EAST-HOLDINGS-LIMITED |
62%
|
dated financial statements. 37 Table of Contents Item 2. Management’s Discussion And Analysis Of Financial Condition And Results Of Operations This section presents management’s perspective on our fi… |
| MINNEAPOLIS-GRAIN-EXCHANGE-LLC |
MINNEAPOLIS-GRAIN-EXCHANGE-LLC |
62%
|
Item 1. Business The following description of our business should be read in conjunction with the information included elsewhere in this Annual Report on Form 10-K for the year ended December 31, 202… |
| NASDAQ-ISE-LLC |
NASDAQ-ISE-LLC |
62%
|
the rules of the applicable exchange of which Dorman Trading is a member. Although the rules governing different exchange memberships vary, in general Dorman Trading’s guarantee obligations would ari… |
| NATURE-OF-OPERATIONS-MIAMI-INTERNATIONAL-HOLDING |
NATURE-OF-OPERATIONS-MIAMI-INTERNATIONAL-HOLDING |
62%
|
discount and issue cost 3 1,012 Settlement of interest payable in common stock 61 — Depreciation and amortization 8,088 6,170 Share based compensation expense 8,673 9,485 Provision for accounts recei… |
| NODAL-CLEAR-LLC |
NODAL-CLEAR-LLC |
62%
|
cultural futures products, and additional financial futures products on the MIAX Futures Onyx trading platform, subject to certain regulatory filings. The MIAX Futures DCO operates on proprietary tec… |
| PEER-GROUP |
PEER-GROUP |
62%
|
t, the potential future performance of our common stock. 68 Table of Contents 8/14/25 8/25 9/25 10/25 11/25 12/25 Miami International Holdings, Inc. 100.00 122.25 130.97 142.16 148.37 144.37 S&P 500 … |
| SUSQUEHANNA-INTERNATIONAL-GROUP |
SUSQUEHANNA-INTERNATIONAL-GROUP |
62%
|
t, the potential future performance of our common stock. 68 Table of Contents 8/14/25 8/25 9/25 10/25 11/25 12/25 Miami International Holdings, Inc. 100.00 122.25 130.97 142.16 148.37 144.37 S&P 500 … |
| WEDBUSH-SECURITIES-INC |
WEDBUSH-SECURITIES-INC |
62%
|
cultural futures products, and additional financial futures products on the MIAX Futures Onyx trading platform, subject to certain regulatory filings. The MIAX Futures DCO operates on proprietary tec… |
