ION is to provide seamless, day-one connectivity to MIAX Futures’ new matching engine, Onyx, as the exchange transitions its Minneapolis Hard Red Spring Wheat (HRSW) Futures from CME Globex in Q2 2025. This support ensures that users of ION’s cleared derivatives front-office trading platform will have immediate access to execution and clearing services on the new system.
Additionally, ION will enable trading of MIAX Futures’ upcoming Bloomberg 500 (B500) Index futures, anticipated for launch in the second half of 2025, subject to regulatory approval by the Commodity Futures Trading Commission (CFTC). Onyx, developed using proprietary MIAX technology, is designed to power trading in both agricultural and financial futures and options across various markets.
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