06:00 PM EST, 11/25/2025 (MT Newswires) -- Miami International ( MIAX ) said late Tuesday it has entered into an agreement to sell 90% of its equity in unit, MIAX Derivatives Exchange, to Robinhood Markets ( HOOD ) in partnership with Susquehanna International.

The company will keep its remaining 10% stake in the unit.

Miami International ( MIAX ) said it expects the transaction to close in first quarter of 2026.

Shares in Miami International ( MIAX ) rose over 3% in recent after-hours trading.