Robinhood & SIG Acquire Majority Stake in MIAXdx, Major Step for Derivatives Expansion

A significant deal has been struck as Robinhood Markets and Susquehanna International Group (SIG) acquire a 90% stake in MIAXdx, formerly LedgerX. This move marks a major expansion by Robinhood into the U.S. derivatives space and sets them up to compete with established players like CME Group and Cboe. MIAXdx operates as a CFTC-approved exchange, enabling listing and clearing of fully collateralized futures, options, and swaps. This platform stands out for its ability to offer these products without margin or leverage requirements, making it an attractive option for firms seeking compliance within the derivatives space.