A significant partnership has been established aimed at enhancing trading efficiency in the futures market. Trading Technologies International, a provider of technology solutions for capital markets, will provide immediate connectivity to MIAX Futures Exchange’s newly developed trading platform, Onyx. This platform is set to facilitate trading in futures contracts, starting with the flagship Minneapolis Hard Red Spring Wheat (Minneapolis HRSW) futures upon its launch scheduled for the second quarter of 2025.
In addition to supporting the Minneapolis HRSW futures, Trading Technologies is also preparing to enable trading for the Bloomberg 500 Index futures, which MIAX Futures plans to introduce later in 2025, subject to regulatory approvals from the Commodity Futures Trading Commission (CFTC).
The anticipation around the Onyx platform reflects a strong demand from traders for enhanced trading capabilities in the futures market. An executive from Trading Technologies expressed excitement about this development and emphasized the importance of providing seamless access to both established futures products and new offerings. With tools designed for efficient execution and intercommodity spread trading, the company aims to make the transition for traders as smooth as possible.
Moreover, MIAX Futures is enthusiastic about the collaboration, which is seen as essential for ensuring that clients can continue trading without disruption. The board of directors for MIAX Futures acknowledges that functionality and support from Trading Technologies will allow users to maintain their trading practices and access new futures products comfortably.
The launch of the Onyx trading engine is part of a broader strategy to modernize trading infrastructure for futures, reflecting current market demands and the necessity for sophisticated trading solutions. This development is expected to attract a range of institutional and professional traders who are looking for robust platforms that offer both stability and innovation in trading.
This initiative is poised to set a new standard in futures trading, as the combination of advanced technology and client-focused access is anticipated to benefit traders significantly. The integration of the new features and tools provided by Trading Technologies is expected to enhance the overall trading experience, thus contributing positively to the futures market’s evolution. The market looks forward to witnessing the impact of this partnership when the Onyx platform goes live.