PRINCETON, N.J., July 7, 2022 /PRNewswire/ — Miami International Holdings, Inc. (MIH), the parent company of MIAX Options®Pearl MIAX® and MIAX Emerald® exchanges (collectively, MIAX®), announced today that United States District Court of the District of New Jersey entered into a stipulation and an order (the Order) in Nasdaq, Inc., et al c. Miami International Holdings Inc., et al (Civil Action No.: 3:17-cv-06664-ZNQ-DEA) dismissing with prejudice all six patent infringement claims asserted by Nasdaq against MIH and its affiliates. The decree was signed on June 30, 2022 by the Honorable Zahid N. Quraishi – United States District Court Judge for the District of New Jersey.
The order was issued following MIH obtaining rulings before the Patent Trial and Appeals Board (PTAB) of the United States Patent and Trademark Office (USPTO) to invalidate all Nasdaq patents asserted against MIH.
MIH was represented in the PTAB proceedings by Reed Smith LLP and Fish & Richardson PC
MIAX’s parent company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEX™) and Bermuda Stock Exchange (BSX™).
MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission (SEC) that are powered by state-of-the-art, proprietary technology, built in-house, delivering industry-leading speed and performance to their members. companies trading options listed on all three exchanges as well as cash equities through MIAX Pearl Equities™. MIAX also serves as the exclusive trading venue for cash-settled options on SPIKES® Volatility Index (Ticker: SPIKE), a measure of expected 30-day volatility in the SPDR® S&P500® ETF (SPY).
MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and is a futures exchange registered with the SEC. MGEX serves as the exclusive marketplace for a variety of commodities including Hard Red Spring Wheat, SPIKES Futures, BRIXX Commercial Real Estate Futures and TAX Futures. MGEX is a Designated Contracts Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM, DCO and spot market services across a range of asset classes.
BSX is one of the leading international electronic securities markets regulated by the Bermuda Monetary Authority (BMA), specializing in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance-linked securities. A full member of the World Federation of Exchanges and an affiliate member of the International Organization of Securities Commissions, BSX is recognized globally, including by the SEC.
MIAX’s executive offices and national operations center are located in Princeton, New Jerseywith additional offices located in Miami, Florida, Minneapolis, Minnesotaand Hamilton, Bermuda.
To learn more about MIAX, visit www.MIAXOptions.com.
To learn more about MGEX, visit www.mgex.com.
To learn more about BSX, visit www.bsx.com.
Disclaimer and Caution Regarding Forward-Looking Statements
The press release does not constitute an offer to sell or a solicitation of an offer to buy securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and does not constitute an offer, solicitation or sale in any state. or the jurisdiction in which this offer; the 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 describe future expectations, plans, results or strategies and are generally preceded by words such as ” may”, “future”, “plans” or “expected”, “shall” or “should”, “expects”, “anticipates”, “draft”, “possibly” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ. significantly from those projected. in forward-looking statements.
All third party marks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company’s use of third party marks does not indicate any relationship, sponsorship or endorsement between the owners of such marks and the Company. Any reference by the Company to third-party trademarks serves to identify the corresponding third-party goods and/or services and will be considered nominative fair use under trademark law.
Andy NyboSenior Vice President, Director of Communications
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