Miami International Holdings (MIH) has started publishing the Bloomberg US Large Cap Price Return Index (Bloomberg 500 Index) through the Options Price Reporting Authority (OPRA) and MIAX Product Feed (MPF).
Umesh Gajria
The exchange operator said the move will support the launches of its MIAX Bloomberg 500 Index futures and options products, planned for the second half of 2025.
MIAX Futures will list MIAX Bloomberg 500 Index futures, subject to certain filings with the Commodities Futures Trading Commission (CFTC). MIAX Bloomberg 500 Index options will also be listed on MIAX Options, subject to approval from the Securities and Exchange Commission (SEC).
Thomas P. Gallagher, chairman and chief executive of MIH said: “The industry is looking for alternative ways to manage its US equity exposure and we believe our new MIAX Bloomberg 500 Index Futures and Options will offer competitive fees, enhanced product choice and more appropriate contract sizes to support the evolving needs of retail and institutional investors.”
The launch of MIAX Bloomberg 500 Index futures will make the product the first financial future to be traded on the MIAX Futures Onyx platform, pending filing with the CFTC.
“We are thrilled that our flagship B500 Index will be more broadly available through both the MPF and OPRA,” said Umesh Gajria, global head of index-linked products at Bloomberg Index Services Limited.
“The availability of BBX will allow the industry to more easily incorporate the data into trading, risk and analytical models, creating the foundation for the B500 suite of products we are building in collaboration with MIAX.”