MIAX completes acquisition of FTX subsidiary LedgerX
The deal was announced in April and approved by the bankruptcy judge on May 4. The Miami International Securities Exchange (MIAX), owned by Miami International Holdings, has completed the acquisition of LedgerX, which was one of the FTX assets court-approved for sale in January. LedgerX is an exchange and clearinghouse regulated by the United States Commodity Futures Trading Commission (CFTC). The acquisition of LedgerX was “an important part of our growth strategy, expanding our ability to offer new and innovative products to the swaps and futures industry," CEO of Miami International Holdings (MIH) Thomas Gallagher said in a statement. MIAX is one of a suite of financial companies owned by MIH. Leslie Lamb, the CEO of OPNX, the cryptocurrency exchange founded by Three Arrows Capital (3AC) founders Kyle Davies and Su Zhu and Coinflex, claimed MIAX was an investor in that firm as well in an April 21 tweet. The parties entered into a purchase agreement for MIAX’s acquisition o...