CLEARING HOUSE PERFORMANCE BONDS AND GUARANTEE FUNDS (Tables)

6 Months Ended

Jun. 30, 2026

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Performance Bonds and Guarantee Funds

As of June 30, 2026 and December 31, 2025, the Company had performance bonds and guarantee funds totaling $393.8 million and $305.7 million respectively, as summarized below (in thousands):

	June 30, 2026
	Cash		U.S. Treasury Bills (1)		Total
Margin deposits	$	55,834	$	282,082	$	337,916
Security deposits	47,445		8,477		55,922
Total performance bonds and guarantee funds	$	103,279	$	290,559	$	393,838

	December 31, 2025
	Cash		U.S. Treasury Bills (1)		Total
Margin deposits	$	22,073	$	226,684	$	248,757
Security deposits	48,005		8,984		56,989
Total performance bonds and guarantee funds	$	70,078	$	235,668	$	305,746

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1.The U.S. Treasury Bills are not reflected in the condensed consolidated balance sheets, as MIAX Futures does not take economic ownership of these securities or have the right to sell or re-pledge.