MIAX to Launch BRIXX ™ Commercial Real Estate Futures Suite on MGEX
“We are delighted to launch the new BRIXX CRE futures, which are based on Advanced Fundamentals’ suite of index products that measure real estate prices without the price lag associated with traditional CRE indices,” said Thomas P. Gallagher, Chairman of MGEX and Chairman and CEO of MIAX. “These products offer professional real estate investors an innovative tool that allows real-time access and synthetic exposure to the physical real estate market.
The cash-settled futures contracts will be listed on MGEX through the CME GLOBEX® platform and will be cleared by MGEX, a wholly owned subsidiary of MIAX’s parent company, Miami International Holdings.
Jesse stein, Managing Director of Advanced Fundamentals said, “Until now, there has never been a successful real estate derivative in the United States. Advanced Fundamentals has carried out considerable research and development in this market and created BRIXX CRE Indices to address the inherent shortcomings of existing products. Using our index methodology, we can eliminate unnecessary factors that negatively impact price calculations and are able to derive a more realistic value for real estate holdings. ”
John smollen, Executive Vice President and Head of Exchange Traded Products and Strategic Relations at MIAX said: “We believe that real estate funds and institutional professionals will be attracted to BRIXX futures and options and that the products have the potential. to provide a whole new class of commercial real estate assets. real estate derivatives to industry. Advanced Fundamentals has dedicated significant resources to the design of the BRIXX CRE Indices, incorporating considerable industry input throughout the design process and we look forward to launching this innovative suite of derivatives for the industry.
Oleg Solodukhin, CEO of dxFeed, said: “BRIXX is a unique set of indices that use real-time public market data to generate real-time real estate valuations without leverage. We are pleased to use our development and index management capabilities to enable MIAX to bring this innovative product to the general public. “
For more information on the BRIXX CRE indices and BRIXX CRE derivatives, please visit https://www.miaxoptions.com/brixx/overview.
Corporate communications contacts:
Andy Nybo, Senior Vice President, Head of Communications
MIAX’s parent company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), the Minneapolis Grain Exchange, LLC (MGEX) and the Bermuda Stock Exchange (BSX).
MIAX, MIAX Pearl, and MIAX Emerald are national exchanges registered with the Securities and Exchange Commission (SEC) that take advantage of MIAX’s state-of-the-art technology and infrastructure to provide their member companies with listed options trading in United States. MIAX serves as the exclusive trading venue for cash-settled options on SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected volatility over 30 days in the SPDR® S&P 500® ETF (SPY). In addition to options, MIAX Pearl facilitates spot equity trading through MIAX Pearl Equities ™.
MGEX is a stock exchange registered with the Commodity Futures Trading Commission (CFTC) and is a securities futures exchange registered with the SEC. MGEX serves as the exclusive marketplace for a variety of commodities, including hard red spring wheat and SPIKES futures. Additionally, MGEX is a designated contract marketplace (DCM) and derivatives clearing organization (DCO) reporting to the CFTC, providing DCM, DCO and spot market services across a range of asset classes.
The BSX is a leading international electronic securities market regulated by the Bermuda Monetary Authority (BMA) specializing in the listing and trading of capital market instruments such as stocks, debt issues, funds, hedge funds, derivative warrants and insurance-related securities. A full member of the World Federation of Stock Exchanges and an affiliate member of the International Organization of Securities Commissions, BSX is recognized worldwide, notably by the SEC.
MIAX’s executive offices and national operations center are located at Princeton, New Jersey, with additional offices located in Miami, Florida, Minneapolis, Minnesota, and Hamilton, Bermuda.
To learn more about MIAX visit www.MIAXOptions.com.
To learn more about MGEX visit www.mgex.com.
To find out more about the BSX visit www.BSX.com.
Disclaimer and Caution Regarding Forward-Looking Statements
The press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and does not constitute an offer, solicitation or sale in any state whatever. or the jurisdiction in which such an offer; the solicitation or sale would be illegal. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and are usually preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipate”, “draft”, “possibly” or “planned”. You are cautioned that these statements are subject to a multitude of risks and uncertainties which could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ. substantially from those projected. in forward-looking statements.
All third party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company’s use of third-party trademarks does not indicate any relationship, sponsorship or endorsement between the owners of such trademarks and the Company. Any reference by the Company to third party trademarks serves to identify the corresponding third party goods and / or services and should be considered fair use in name under trademark law.