Nasdaq and Miami International Holdings have resolved a multi-year patent dispute that began in 2017, with a court dismissing all related claims and confirming Miami International Holdings can operate and develop exchanges without restriction. The dismissal with prejudice removes the risk of ongoing or renewed litigation on these specific claims, clearing a long-running legal overhang for Nasdaq. The outcome addresses questions around technology rights and market access between the two exchange groups, though it also shows that parts of Nasdaq's patent portfolio can be challenged successfully. With this dispute closed, Nasdaq can focus more fully on its exchange and technology platforms without allocating management time or legal budget to the case.
Miami International Holdings, Inc.Court dismissal with prejudice confirms Miami International Holdings can operate and develop exchanges without restriction, removing legal overhang.
Nasdaq IncResolution of multi-year patent dispute removes litigation risk and legal overhang, allowing focus on exchange and technology platforms.