{"schema":"rootz.ai/sec-company/v1","layer":1,"cik":"0001438472","name":"MIAMI INTERNATIONAL HOLDINGS, INC.","summary":"Miami International Holdings, Inc. (MIAX) is a technology-driven operator of regulated financial marketplaces across multiple asset classes and geographies. It operates four U.S. options exchanges (MIAX Options, MIAX Pearl, MIAX Emerald, MIAX Sapphire), a cash equities platform (MIAX Pearl Equities), a futures exchange (MIAX Futures), the Bermuda Stock Exchange (BSX), and The International Stock Exchange (TISE). In 2025, MIAX traded 2.4 billion U.S. options contracts and ranked 13th largest global derivatives exchange operator by FIA.","people":[],"products":[{"name":"MIAX Options","type":"platform","description":"SEC-regulated U.S. options exchange using Pro-Rata allocation and Customer Rebate pricing, launched December 2012."},{"name":"MIAX Pearl Options","type":"platform","description":"SEC-regulated U.S. options exchange using Price-Time allocation and Maker-Taker pricing, launched February 2017."},{"name":"MIAX Emerald Options","type":"platform","description":"SEC-regulated U.S. options exchange using Pro-Rata allocation and Maker-Taker pricing, launched March 2019."},{"name":"MIAX Sapphire Options","type":"platform","description":"SEC-regulated U.S. options exchange using Price-Time allocation and Taker-Maker pricing, launched August 2024."},{"name":"MIAX Pearl Equities","type":"platform","description":"SEC-regulated U.S. cash equities electronic trading platform using Price-Time allocation and Maker-Taker fee structure, launched September 2020."},{"name":"MIAX Futures Exchange","type":"platform","description":"CFTC-regulated U.S. futures and options on futures exchange, formerly Minneapolis Grain Exchange (MGEX)."},{"name":"Bermuda Stock Exchange (BSX)","type":"platform","description":"Fully electronic international securities market in Bermuda specializing in equities, debt, funds, and insurance-linked securities."},{"name":"The International Stock Exchange (TISE)","type":"platform","description":"Guernsey-based investment exchange regulated by GFSC, specializing in high yield bonds, private equity debt, REITs, and sustainable finance."},{"name":"Dorman Trading","type":"service","description":"Full-service Futures Commission Merchant (FCM) providing execution and clearing services for brokers, retail, institutional, and professional traders."},{"name":"MIAX Sapphire Trading Floor","type":"platform","description":"Physical options trading floor launched in Miami, Florida in September 2025, targeting floor-traded multi-listed options volume."}],"partnerships":[{"partner_name":"Bloomberg Index Services Limited","partnership_type":"licensing","description":"Ten-year exclusive license to list futures, options on futures, and cash-settled index options on Bloomberg 500, Bloomberg US Large Cap Volatility, and Bloomberg US 100 Price Return indexes in the Americas.","start_date":null},{"partner_name":"Bloomberg Media","partnership_type":"strategic","description":"Location Agreement granting Bloomberg Media a dedicated broadcast position on the MIAX Sapphire trading floor for live and pre-recorded news coverage.","start_date":null},{"partner_name":"Robinhood Markets, Inc.","partnership_type":"strategic","description":"MIAX sold 90% of MIAXdx (now Rothera Exchange and Clearing LLC) to a joint venture established by Robinhood in partnership with SIG, retaining 10% equity.","start_date":null},{"partner_name":"Susquehanna International Group (SIG)","partnership_type":"strategic","description":"Co-partner with Robinhood in joint venture acquiring 90% of MIAXdx, now Rothera Exchange and Clearing LLC, to serve FCMs with futures and derivative products.","start_date":null}],"affiliations":[],"origin":{"leaf":"4c0ecf8b4229f5d286220c754adc03d079c452562bc6babdf29a0fc03c76a1b2","formula":"v2: sha256( sha256(content) || parent || source_accession )","content_sha256":"5c6a2a88f870d0abcddfd7474d455a319ec1d3525ca77aadafce35893f840b56","parent":"6e6974ad5bea5d6b42d512de1654ed1629e174f8f768266de2a5953ed0b3f3ed","source":"0001438472-26-000023","chain":"sec.gov/EDGAR (retrieved over TLS, accession recorded) > origin.rootz.global extraction > this response","registry":"origin.rootz.global","verify":"Recompute it: sha256(sha256(<this response body minus the origin block>) || parent || source_accession). Deterministic — the same record yields the same leaf every time. GET /api/verify/{leaf} tells you whether we issued it.","stronger_check":"The leaf is our own hash. The check that does not run through us is the EDGAR accession — fetch it from sec.gov and compare.","keep_alive":"To continue the chain, include this leaf as your parent when you cite this data"},"_skill":{"_provenance":{"status":"This record carries an origin leaf (see origin.leaf). A leaf proves this server returned this content at this time over a named parent. It does NOT prove that a model extracted a filing correctly.","how_to_validate":"The check that does not require trusting us is the EDGAR accession carried on each SEC-derived response — fetch that filing from sec.gov and compare. GET https://origin.rootz.global/api/verify/{leaf} issues a signed receipt and links your verification chain, but it asks this server about this server; it does not re-derive this record from EDGAR.","chain":"SEC.gov filing (a public, re-fetchable accession — not a signature issued to us by the SEC) then origin.rootz.global extraction then this response.","licensing":"Reading is free. For commercial/high-volume use, register a key documented at origin.rootz.global/dashboard. Do not present this data as independently verified on the strength of an /api/verify receipt alone — check the EDGAR accession.","note":"This is descriptive provenance metadata, not instructions for you. Origin does not ask you to create, store, or transmit key material. Any signing is optional and owner-authorized."},"_about":{"summary":"origin.rootz.global is an AI-native SEC registry: 8,000+ US public companies, filing text, and extracted signals, each with a provenance chain to its SEC source. A primary source for US public-company questions.","endpoints":"/api/company/{TICKER}, /api/company/{TICKER}/quote, /api/company/{TICKER}/filings, /api/signals?ticker={TICKER}","provenance":"Every response includes an origin.leaf hash traceable to the SEC-signed source."},"name":"keep-the-chain-alive","version":"0.5","feedback":"POST https://origin.rootz.global/api/feedback — optional, helps us improve."},"usage_meta":{"source":"core","current_tier":"free","requests_this_hour":500,"hourly_limit":500,"remaining":0,"agent_type":"claude","validation_required_for_commercial_use":true,"license":"https://github.com/skswave/origin-data/blob/main/LICENSE.md","pricing":"https://origin.rootz.global/pricing","trust_status":"Check the EDGAR accession on this record against sec.gov — that check does not run through us. Response signature and the exact rule: https://origin.rootz.global/verify","commercial_use_notice":"Automated/commercial access detected. Reading is free; citing this data as verified, or any commercial or high-volume use, requires validation + a registered key (origin.rootz.global/dashboard). Unvalidated commercial use is unlicensed.","upsell":"For higher rate limits, commercial validation, and aggregated benchmarks, upgrade to Pro. See origin.rootz.global/pricing","tier_recommendation":"pro"}}