Futures

The MIAX Futures Exchange will launch four new physically settled Fertilizer Futures products in Q4 2026, subject to the submission of certain filings with the CFTC and pending all relevant regulatory review periods. Market participants should ensure clearing arrangements are in place with MIAX Futures Clearing Members, as the new futures products will clear through the MIAX Futures Clearing House.

The new products will go live on the MIAX Futures Onyx Commodities Trading Platform in the CH4 Data Center with the following features.

1. New Products:
   1. Urea - Product Group Code ‘MGU'
   2. Mono-Ammonium Phosphate - Product Group Code ‘MAP’
   3. Di-Ammonium Phosphate - Product Group Code ‘DAP’
   4. Potassium Chloride - Product Group Code ‘MOP’
2. New Feature Details:
   1. Cross Product Spreads will be supported upon product launch as follows:
      1. Cross Product Spreads will be available for all Fertilizer Futures Products.
      2. For additional details regarding the availability of Cross Product Spreads, please refer to:
         1. Previous alert published on June 23, 2026
         2. MIAX Futures Onyx Product Settings Guide
3. Firm Test Bed:
   1. The new products are available in the Firm Test Bed (FTB2).

MIAX Futures Onyx Resources:

1. Please visit the MIAX Futures Onyx site for the most recent information
2. Onyx Interface Specifications
3. Onyx Functionality
4. Onyx Trading Connectivity
5. Onyx Market Data & Vendor Agreements
6. Onyx Approved Vendors
7. Onyx Audit Trail Requirements
8. Onyx Trading Platform Access & Preferred Rate Program
9. Onyx Listings
10. Onyx Product Settings
11. MIAX Futures Fees

For additional information, please contact MIAX Futures Trading Operations at MIAXFuturesTradingOperations@miaxglobal.com or (609) 897-7303.

To learn more about MIAX Futures, please contact Sales@miaxglobal.com or (609) 897-8177 or visit miaxglobal.com.

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