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Miami International Holdings Announces Acquisition of Dorman Trading, a Full-Service FCM

PRINCETON, N.J., Oct. 21, 2022 /PRNewswire/ -- Miami International Holdings, Inc. (MIH), owner of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEXTM), and The Bermuda Stock Exchange (BSXTM), announced today that it has completed the acquisition of Dorman Trading, LLC (Dorman Trading), a full-service Futures Commission Merchant (FCM) registered with the Commodity Futures Trading Commission (CFTC). Dorman Trading is a Chicago-based FCM providing execution and clearing services for introducing brokers, retail customers, institutional clients and professional traders. Over the past two decades, Dorman Trading has pivoted from primarily a floor clearing business to one focused on clearing electronic trading. "Dorman Trading is proud of the service-oriented, customer-centric business model we have used to provide clearing services to our customers for the past 40 years," said Daniel P. Dorman, Senior Vice President and Chief Operating Officer of Dorman Trading. Piper Sandler & Co. acted as financial advisor to Miami International Holdings, Inc.About MIAXMIAX's parent holding 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 The Bermuda Stock Exchange (BSX™).

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