New Futures Contracts Provide Exposure to Four Commercial Real Estate Sectors; First Futures to Launch on October 4, 2021

News provided by

MIAX

Sep 15, 2021, 11: 30 ET

PRINCETON, N.J. and MINNEAPOLIS, Sept. 15, 2021 /PRNewswire/ — MIAX, creator and operator of high-performance securities exchanges, products and services, will launch cash-settled futures contracts on BRIXX(tm) Commercial Real Estate (CRE) Indexes developed by Advanced Fundamentals. The first contract to be listed will be the BRIXX Retail Index futures contract which is expected to begin trading on October 4, 2021. Three additional BRIXX CRE Index futures are expected to be listed in the fourth quarter of 2021. Cash-settled options on the BRIXX CRE Indexes will launch on MIAX, also targeted for fourth quarter of 2021. Regulation approval is required for the launch of futures and options contracts.

BRIXX futures and options will provide investors with targeted exposure to the $16 trillion commercial real estate market, including the Residential, Retail, Office and Hospitality commercial real estate sectors. BRIXX CRE Indexes measure real-time real estate returns and are priced using real-time public market data aggregating over $750 billion in property values. BRIXX CRE Indexes can also be priced using terms real estate professionals understand, such as price per square foot (Residential Office, Retail) or price per room (Hospitality).

“We are pleased to launch the new BRIXX CRE futures, which are based on Advanced Fundamentals’ suite of index products that measure real estate prices without the pricing lag associated with traditional CRE indexes,” said Thomas P. Gallagher, Chairman of MGEX and Chairman & CEO of MIAX. These products offer professional real estate investors an innovative tool that allows them to have real-time access to the market and synthetic exposure.

Cash-settled futures contract will be listed on MGEX through the CME GLOBEX (r) platform. They will be cleared and approved by MGEX which is a wholly owned subsidiary to MIAX’s parent company, Miami International Holdings.

Jesse Stein, Managing Principal of Advanced Fundamentals said “Until now, there has never been a successful real estate derivative product in the U.S. Advanced Fundamentals has completed considerable research and development in this market and created BRIXX CRE indexes to solve inherent deficiencies with existing products. Our index methodology allows us to eliminate any extraneous factors that could negatively impact pricing calculations, and can derive a more realistic valuation of real estate holdings.

John Smollen, Executive Vice President and Head of Exchange Traded Products and Strategic Relations at MIAX said “We believe real estate funds and institutional professionals will be attracted to BRIXX futures and options and that the products have the potential to provide an entirely new asset class of commercial real estate derivatives to the industry. Advanced Fundamentals has invested significant resources in the development of the BRIXX CRE Indexes. We have taken into consideration a lot of industry feedback throughout the process. We look forward to launching the innovative suite of derivatives to the industry.

Oleg Solowukhin, CEO at dxFeed, stated that “BRIXX is a unique set indexes that uses real-time data from public markets to generate unleveraged real-time property valuations. MIAX is happy to make this product available to the public using its index management and development capabilities. “

For more information about the BRIXX CRE Indexes and BRIXX CRE derivatives, please visit https://www.miaxoptions.com/brixx/overview.

Corporate Communications Contacts:

MIAX

Andy Nybo, SVP, Chief Communications Officer

609-524-3272

[email protected]

About MIAX

MIAX’s parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX(r)), MIAX PEARL, LLC (MIAX Pearl(r)), MIAX Emerald, LLC (MIAX Emerald(r)), the Minneapolis Grain Exchange, LLC (MGEX), and the Bermuda Stock Exchange (BSX).

MIAX is a national securities exchange that has been registered with the Securities and Exchange Commission. It uses MIAX’s leading technology and infrastructure to offer U.S. options trading to its member firms. MIAX serves as the exclusive exchange venue for cash-settled options on the SPIKES(r) Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR(r) S&P 500(r) ETF (SPY). MIAX Pearl allows you to trade cash equities via MIAX Pearl Equities ™.

MGEX, a registered exchange with Commodity Futures Trading Commission(CFTC), is a Notice Registered Securities Futures Product Exchange (SEC). MGEX is the exclusive market for many products, including Hard Red Spring wheat and SPIKES Futures. MGEX is also a Designated Contract Market and Derivatives Clearing Organization under the CFTC. It provides DCM, DCO, and cash market services in a variety of asset classes.

The BSX, an electronic international securities market, is regulated by Bermuda Monetary Authority. It specializes in listing and trading capital market instruments, such as equities and debt issues, funds and hedge funds, derivative warrants, insurance-linked securities, and derivative warrants. The BSX, a full member of World Federation of Exchanges and an affiliate member of International Organization of Securities Commissions is internationally recognized, even by the SEC.

MIAX’s executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL, Minneapolis, MN, and Hamilton, Bermuda.

To learn more about MIAX visit http://www.MIAXOptions.com.

To learn more about MGEX visit http://www.mgex.com.

To learn more about the BSX visit http://www.BSX.com.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements

The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. 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 are statements that describe future plans, results, strategies, and expectations. They are usually preceded by words like “may”, ‘future”, or “plan”, or “should”, or “will” or’should”, or “anticipates”, or “draft”, or “eventually”, or “projected”. These statements involve a variety of risks and uncertainties which could cause future events or results to differ materially from the ones projected.

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SOURCE MIAX

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