Miami International Holdings Acquires LedgerX

Miami International Holdings, Inc. (MIH), owner of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEXTM), The Bermuda Stock Exchange (BSX), and Dorman Trading LLC, announced that it has entered into a purchase agreement (the Purchase Agreement) to acquire all of the issued and outstanding membership interests of LedgerX, LLC (LedgerX) from Ledger Holdings, Inc. (LHI) in connection with the bankruptcy proceedings involving FTX Trading Ltd. and certain of its affiliated entities, pursuant to which LHI is a party.

LedgerX is a Commodity Futures Trading Commission (CFTC) regulated exchange and clearinghouse headquartered in Miami, Florida and is registered as a Designated Contract Market (DCM), Derivatives Clearing Organization (DCO) and Swap Execution Facility (SEF) with the CFTC.

The consummation of the transactions contemplated under the Purchase Agreement is subject to the satisfaction of a number of conditions set forth in the Purchase Agreement, including, among other things, the entry of a final sale order by the United States Bankruptcy Court for the District of Delaware, compliance with applicable regulatory obligations and the absence of any objections to the consummation of the transaction by the CFTC.

Source: Miami International Holdings