Miami International Holdings and Bloomberg Unveil Index Licensing Agreement

Miami International Holdings (MIH) and Bloomberg Index Services have entered into a licensing agreement to develop a suite of index futures, options on futures, and cash options products. According to a story in The Trade news, the offering is based on Bloomberg Indices’ portfolio of benchmarks and combines MIH’s expertise in operating the relevant exchanges with Bloomberg’s advanced technological capabilities to “bring much-needed competition to the equity index derivatives industry,” said Thomas Gallagher, chair and chief executive of MIH. In the first instance, MIH will offer several equity index products to be exclusively listed and traded on MIH’s exchanges, subject to regulatory approval.