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MIAX Futures Exchange offers access to futures products as a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO).

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MIAX Futures

June 26, 2025 | 02:30 PM

MIAX Futures Exchange - Onyx Trading Platform - Migration Changes

As previously announced in the June 24, 2025 Alert, MIAX Futures will migrate Minneapolis Hard Red Spring Wheat (HRSW) Futures from CME Globex to the new MIAX Futures Onyx Trading Platform this Sunday, June 29, 2025 (Trade Date: June 30, 2025).

Please review the full MIAX Futures Onyx FAQ here.

Key changes following Migration:

  1. The allocation model for Minneapolis HRSW will be FIFO, compared to Globex Split FIFO Pro-Rata.
  2. Minneapolis HRSW will be in the price format of dollars on Onyx (compared to cents on Globex). Daily settlement prices will also be disseminated in dollars. Please reach out to your ISV on their price format and symbology.
  3. MIAX Futures will offer two market data feeds:  MIAX Futures Exchange Depth of Market (DoM) & Top of Market (ToM). MIAX Futures market data Policies and Fees are published on our website.
  4. Minneapolis HRSW Options will only be available via Block Trades. See alert and Onyx Block Trades FAQ here.
  5. The closing time of the regular trading session for Minneapolis HRSW contracts will be 2:20 p.m. ET as previously announced in the June 13, 2025 Alert.
  6. All existing Good till Cancel (GTC) and Good till Date (GTD) orders should be cancelled and re-entered into Onyx after trading closes on Friday, June 27, 2025, as previously announced in the June 24, 2025 Alert.
  7. Set up or amendment of the following risk controls for the next trading day must be submitted to MIAX Futures Trading Operations by 1:00 p.m. ET; otherwise, the request will be processed for the following trading day:
    1. Creating a new or deleting an existing Cumulative Risk Metrics (“CRM”) Margin Group or adding Custom Warning Levels to an existing CRM Group
    2. Amending settings related to the Duplicate Order Check
    3. Amending settings related to the Order Rate Check
    4. Turning ON or OFF “Auto Cancel on Disconnect (ACOD)” or “Auto Cancel on System Failure (ACOSF)” for a Drop or a Session
What will stay the same following Migration?:
  1. The MIC code will remain the same with XMGE.
  2. The MIAX Futures product symbol will remain the same with MWE. A list of approved vendors can be found here.
  3. Clearing will continue through the MIAX Futures Clearing House. For daily settlement prices, continue referring to the file found here.
  4. Existing open positions will remain at MIAX Futures Clearing. Positions DO NOT need to be closed out before migration on June 29, 2025.
  5. Contract specifications for Minneapolis HRSW will remain the same.
For more information, please contact MIAX Futures Trading Operations at MIAXFuturesTradingOperations@miaxglobal.com or (609) 897-7303.

To learn more about MIAX Futures, please contact MIAXFutures@miaxglobal.com.

To register or revise MIAX Futures Alert subscriptions, visit MIAX Email Subscriptions.