Miami International Holdings Announces Completion of Dorman Trading's Acquisition

Miami International Holdings, Inc. (MIH), which owns the options exchange Miami International Securities Exchange (MIAX), announced that it has finished the acquisition of Dorman Trading, LLC (Dorman Trading), one of the oldest, family-operated Futures Commission Merchant (FCMs) in the world.

Fazzaco Hall of Fame 2022 to Make Debut Soon

Dorman Trading, a full-service FCM registered with the Commodity Futures Trading Commission (CFTC) and member of the National Futures Association, provides execution and clearing services for introducing brokers, retail customers, institutional clients and professional traders. Over the past 20 years, Dorman Trading has pivoted from primarily a floor clearing business to one focused on clearing electronic trading.

Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH, said: "The acquisition of Dorman Trading is an important part of our strategy to continue growing the products and services we can offer in futures trade execution, listing and clearing. We are thrilled to complete this acquisition and look forward to supporting Dorman Trading in expanding its capabilities and the services it offers to customers."

Daniel P. Dorman, Senior Vice President and Chief Operating Officer of Dorman Trading, said: "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. We are excited to grow our capabilities and services as we embark on this next step in our history, combining Dorman Trading's experience as an FCM with MIH's resources and vision."