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MIH completes purchase of LedgerX LLC

Thomas Gallagher, chairman and CEO of Miami International Holdings Inc and chairman of the Bermuda Stock Exchange (File photograph)

Miami International Holdings Inc, the parent company of the Bermuda Stock Exchange, has completed the acquisition of LedgerX LLC from Ledger Holdings Inc in connection with the bankruptcy proceedings of FTX Trading Ltd and its affiliated debtors.

LedgerX is a Commodity Futures Trading Commission-regulated exchange and clearing house and is registered as a designated contract market, derivatives clearing organisation and swap execution facility with the commission.

"The acquisition of LedgerX represents an important part of our growth strategy, expanding our ability to offer new and innovative products to the swaps and futures industry," said Thomas P. Gallagher, chairman and CEO of MIH.

"We are pleased to complete this acquisition and welcome the LedgerX team to the MIH family as we continue to execute on our strategy of operating regulated financial markets both in the US and internationally."

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Published May 19, 2023 at 2:46 pm (Updated May 21, 2023 at 7:13 pm)

MIH completes purchase of LedgerX LLC

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