MIAX Launches Four Physically-Settled Fertilizer Futures Contracts
Miami International Holdings (MIAX) has expanded its product suite with the launch of four new physically-settled fertilizer futures contracts on the MIAX Futures exchange. The new products include NOLA Urea (MGU), NOLA Mono-ammonium Phosphate (MAP), NOLA Di-ammonium Phosphate (DAP), and NOLA Potassium Chloride (MOP). These contracts will be traded via the Onyx electronic platform and cleared through MIAX Futures Clearing. The launch aims to provide transparency and risk management tools for the global agricultural supply chain, particularly in response to geopolitical volatility affecting maritime trade routes like the Strait of Hormuz. By offering these exchange-traded mechanisms, MIAX intends to facilitate better price discovery for vital inputs used in global food production.
Topics: Commodities Fertilizer Financial Markets Futures Contracts