CQG, a global provider of high-performance technology solutions for market makers, traders, brokers, commercial hedgers and exchanges, today announced that it will offer day-one access to MIAX Futures Exchange in connection with the planned launch of the exchange’s new Onyx matching engine in June 2025.
The move will ensure that when Onyx goes live on MIAX Futures, CQG clients will be able to access MIAX Futures products on day one through CQG’s front-end offerings and API connections as part of CQG’s network of exchanges.
Last month, Miami International Holdings, Inc. (MIH) announced the renaming of Minneapolis Grain Exchange, LLC (MGEX), a wholly owned subsidiary of MIH, to MIAX Futures Exchange as part of MIH’s strategy to broaden the range of futures and options products listed on the exchange, including agricultural and financial futures.
The announcement came the month after MIH announced it had entered into a licensing agreement with Bloomberg Index Services Limited to develop a suite of index futures, options on futures and cash options products based on a portfolio of benchmarks.
CQG CEO Ryan Moroney said:
“We’ve been delighted to work closely with MIH on the development of its new trading engine and to be among the first to enable clients to trade on the MIAX Futures Onyx platform. Our clients are already trading the Minneapolis Hard Red Spring Wheat contract on MIAX Futures and are excited to have additional financial futures products to trade in conjunction with other products on our network, utilizing the full range of CQG tools at their fingertips. We look forward to supporting the exchange to ensure that our clients have seamless access to MIAX Futures products as it transitions to the new engine.”
Thomas P. Gallagher, Chairman and CEO of MIH, said:
“We are pleased to have CQG providing connectivity to the MIAX Futures Onyx platform as part of its expected launch in Q2 2025. CQG’s sophisticated trading infrastructure will provide its network of professional traders with direct access to our current and planned derivatives products and aligns with our strategy of expanding access to MIAX Futures through industry-leading trading platforms.”
