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Market Incident

Public · Developing

AI compiled from Infoway · 3 analyzed stories

MIAX Files with the SEC to Offer Cash-settled Binary Index Options and KPI Binary Options on its SEC-registered Exchanges

MIAX Options submitted proposed rule filings to the SEC to offer cash-settled binary index options, including contracts based on licensed Bloomberg equity indices, and cash-settled binary options tied to company key performance indicators on its SEC-registered exchanges, pending regulatory review.

Published:

Updated:

What happened

MIAX Options filed proposed rules with the SEC for cash-settled options based on equity indexes and company performance measures. The proposals are still under review. MIAX plans to launch the index options in 2027 if review and operational preparations allow; it gave no launch date for the company-measure options.

Global impact / market context

The filings do not mean these products are available. If approved and launched, they would give investors new ways to trade on index levels or company performance measures, with cash paid to settle the contracts.

What to watch

  1. Check for updates on the SEC’s review, because the proposals are not final.
  2. Check whether MIAX reports that preparations for the index options are ready, because its 2027 plan depends on operational readiness.
  3. Check whether MIAX gives a launch timeline for the company-measure options, because no date has been provided.

Affected assets

  • Bloomberg 100 Index
  • Bloomberg 500 Index
  • Miami International Holdings, Inc.

Evidence