MIAX Files with the SEC to Offer Cash-settled Binary Index Options and KPI Binary Options on its SEC-registered Exchanges
Key Highlights
- ➤MIAX filed SEC proposals for cash-settled binary index options.
- ➤MIAX proposes KPI binary options tied to company-reported performance metrics.
- ➤Binary index options could launch in 2027, pending SEC review.
- ➤Planned contracts include exclusively licensed Bloomberg 500 and Bloomberg 100 indices.
- ➤Thomas P. Gallagher said binary options expand MIAX’s proprietary product offerings.
Expert Statements
Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX
“Investors increasingly want event-driven exposure, whether that's where a benchmark closes or whether a company hits a specified performance metric.”
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.”
MIAX Files with the SEC to Offer Cash-settled Binary Index Options and KPI Binary Options on its SEC-registered Exchanges PR Newswire
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.
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