Miami International Holdings Completes Acquisition of Minneapolis Grain Exchange

December 18, 2020

Willkie represented MIH, the parent holding company of the MIAX Exchange Group™, in the transaction.

On December 4, Willkie client Miami International Holdings, Inc. (MIH), the parent holding company of the MIAX Exchange Group™, and the Minneapolis Grain Exchange (MGEX), a Designated Contract Market and Derivatives Clearing Organization, announced the completion of MIH's previously announced acquisition of MGEX for a combination of cash and MIH common stock. MGEX will continue as a wholly owned subsidiary of MIH.

With this acquisition, MIH adds a well-established futures platform on which to continue its expansion and which will allow MIH to list both options and futures on new products that will be exclusive to its exchanges.

Established in 1881, MGEX is one of the oldest trading venues in America and historically concentrated on trading in agricultural products, including hard red spring wheat contracts.

The Willkie team was led by partners James Burns and Laura Delanoy, and included associates Tej Prakash and Augustine Donati.