US Stock Market Move | The new futures and derivatives trading platform will be launched next year, Robinhood (HOOD.US) rose over 6.5%.

On Wednesday, Robinhood (HOOD.US) stock price surged, rising over 6.5% to $123.17 as of the time of writing. On the news front, Robinhood is launching a futures and derivatives exchange and clearinghouse to deepen its investment in the prediction market. By partnering with Susquehanna, a market maker, to establish a new independent joint venture, Robinhood will act as the controlling partner and provide retail demand and distribution channels. Susquehanna International Group will be a key partner and initial liquidity provider on the first day, with plans to introduce other liquidity providers in the future. The joint venture will accelerate its service delivery through the acquisition of MIAXdx. MIAXdx is a designated contract market (DCM), derivatives clearing organization (DCO), and swap execution facility (SEF) licensed by the Commodity Futures Trading Commission (CFTC), and a wholly-owned subsidiary of Miami International Holdings (MIAX.US). MIAX will continue to maintain a strategic 10% ownership in the exchange. This independent joint venture will provide futures and derivative products for futures commission merchants (FCMs), including the Robinhood prediction market, which is expected to start operating in 2026.