Miami International Holdings, the parent holding company of the MIAX Exchange Group, completed the merger with Minneapolis Grain Exchange, a designated contract market and derivatives clearing organization. MIH will acquire MGEX in the combination of cash and common stock following a demutualization of MGEX by its members. Financial terms were not disclosed. "This strategic combination achieves our goal of diversifying our product and service offerings with attractive benefits to our existing and new member firms while simultaneously creating exciting new revenue drivers. MGEX provides MIH with a well-established futures platform on which to continue our expansion and puts MIH in control of our own product ecosystem, allowing us to list both options and futures on new products that will be exclusive to our exchanges," Thomas P. Gallagher, MIHChairman and CEO.