Miami International Holdings announces passing of MGEX CEO Mark Bagan

Miami International Holdings, Inc. (MIH) today announced the passing of Mark G. Bagan, Executive Vice President – U.S. Futures Strategy of MIH and Chief Executive Officer of Minneapolis Grain Exchange (MGEX).

Mr. Bagan began his career at MGEX in 1987, holding various positions until his appointment to President and Chief Executive Officer in July 2005. During his tenure, Mr. Bagan was instrumental in guiding MGEX to record volume levels for MGEX’s flagship contract, Hard Red Spring Wheat, and in transitioning MGEX futures contracts to exclusively electronic trading.

In 2020, Mr. Bagan oversaw the acquisition of MGEX by MIH on behalf of MGEX, and continued to lead MGEX following the closing of the transaction until his passing.

“We are deeply saddened by the unexpected passing of Mark,” said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH. “Mark provided us with a strong foundation for our growth opportunities in futures markets, and his dedication, wisdom and unwavering commitment to MGEX and the entire MIAX organization have been an inspiration for us all. Our thoughts and prayers are with his wife and family at this difficult time. He will be greatly missed.”