MIAX PEARL Equities Announces Upcoming Testing Dates Exchange Reaffirms September 2020 Launch Date

PRINCETON, New Jersey, May 13, 2020 /PRNewswire/ — Miami International Holdings, Inc. (MIH), the parent holding company of the MIAX®, MIAX PEARL and MIAX Emeraldoptions exchanges, today announced that the launch of MIAX PEARL Equities, MIH’s first equities exchange, is scheduled to occur on September 25, 2020, pending approval by the U.S. Securities and Exchange Commission (SEC). To meet this launch date, MIAX PEARL recently announced its connectivity and testing schedule (MIAX PEARL Connectivity and Testing Schedule).

Concerning industry testing, on Friday, May 8, 2020, the Nasdaq UTP Plan announced industry testing dates for MIAX PEARL Equities (Nasdaq UTP Plan Testing Dates) and it is anticipated that SIAC will announce one or more industry test dates soon.

Additionally, MIAX PEARL continues to process membership applications, the effectiveness of which will be subject to SEC approval of the proposed rule filing, and provide market participants with the necessary resources and information for the launch of MIAX PEARL Equities.

In addition, the SEC recently extended its time to review the MIAX PEARL’s proposed rule filing to provide for the trading of equity securities under the exchange’s license. MIAX PEARL’s rule filing was published in the Federal Register for public comment on February 2, 2020 and no comments were received.

Commented Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH, “We have and continue to work constructively with the SEC Staff on our proposed rule filing. In response to discussions with SEC Staff, we recently amended the filing to make minor non-substantive changes, align our market-wide circuit breaker rules with changes recently made by other equity exchanges, and to provide market participants greater specificity regarding order processing in our rules as we work toward our September 25, 2020 launch.”

For further information on MIAX PEARL Equities interface and connectivity specifications, please visit: Interface Specifications and Connectivity Specifications.

For further information regarding MIAX PEARL Equities, please visit www.MIAXEquities.com or contact MIAX Trading Operations at TradingOperations@MIAXEquities.com or Sales at Sales@MIAXEquities.com.

Corporate Communications Contact:Dominique Prunetti-Miller
(609) 897-1465
dprunetti@miami-holdings.com

About MIH

Miami International Holdings, Inc. (MIH) is the parent holding company of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX PEARL®) and MIAX Emerald, LLC (MIAX Emerald™ and together with MIAX and MIAX PEARL, the MIAX Exchange Group™), three fully electronic options trading exchanges. MIH also owns a controlling interest in the Bermuda Stock Exchange.

MIAX, MIAX PEARL and MIAX Emerald leverage the MIAX Exchange Group’s industry-leading technology and infrastructure to provide their member firms with traditional pricing and pro rata allocation (MIAX), maker-taker pricing and price-time allocation (MIAX PEARL) market structures, and a hybrid market structure with maker-taker pricing and pro rata allocation (MIAX Emerald).

MIAX Options serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY).

The MIAX Exchange Group’s executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL.

To learn more about MIH and the MIAX Exchange Group visit www.MIAXOptions.com.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements

The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company’s use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.

Online Learning Accelerates in United Arab Emirates Amid COVID-19 Outbreak with Ankabut, Mediasite Partnership

Partnership gives colleges, universities, research institutions in United Arab Emirates cost-effective way to start or expand digital learning initiatives with Mediasite

MADISON, Wis., April 28, 2020 (GLOBE NEWSWIRE) — The use of video learning is rapidly increasing in the Middle East due to a new partnership between Mediasite and Ankabut, the United Arab Emirates’ Advanced National Research and Education Network (NREN). Mediasite is Ankabut’s preferred video provider, offering all colleges, universities and government agencies in the region cost-effective services to start or expand their digital learning initiatives, especially vital now as institutions must turn to online learning amid the COVID-19 pandemic.

“Lecture capture and video learning in the United Arab Emirates continues to evolve, and we are seeing increased demand and expansion of the use of Mediasite in the region, especially during the current climate,” said Rob Lipps, Executive Vice President, Sonic Foundry, the maker of Mediasite. “The UAE market values flexibility for how Mediasite is deployed, and this partnership allows for an in-country, multi-tenant cloud services environment — a game-changer for the region, because it is creating a reliable, feasible and economical way for institutions to embrace video learning.”

Lipps continued: “We are extremely excited to begin this partnership with Ankabut and look forward to helping even more instructors and learners around the region experience the power of Mediasite to transform the way they teach and learn.”

Ankabut, an initiative of long-time Mediasite user Khalifa University in Abu Dhabi, connects schools and agencies together across the United Arab Emirates (UAE). It provides IT infrastructure to remove barriers to technology use and empower institutions to incorporate educational technologies in classrooms and training rooms.

The partnership with Mediasite lets the participating institutions connect any number of their Mediasite video capture solutions to Ankabut’s secure, centrally managed Mediasite deployment. This provides institutions a scalable in-country infrastructure to record, deliver and manage video. Institutions can purchase Mediasite directly through Ankabut, which will host the deployment for them.

“Ankabut’s partnership with Sonic Foundry aims at offering the education sector in UAE a video communication platform to be consumed as a cloud software service that leverages Ankabut’s high speed NREN network, as well as Ankabut Cloud Services,” said Fahem Al Nuaimi, CEO, Ankabut. “Mediasite will enable education institutions to optimize costs, improve efficiency and focus on their usage of videos such as lecture capture, video streaming and sharing. The availability of this platform for academic institutions in UAE enhances their distance learning solutions amid the COVID-19 pandemic.”

Mediasite’s Lipps will present “Enable Digital Learning Campus-Wide with Mediasite Video” on 18, May at the Ankabut Virtual Users Meeting 2020.

Trusted by 5,200 educational institutions, corporations, health organizations and government entities in 65 countries, the Mediasite video content management and webcasting system quickly and cost-effectively automates the capture, management, delivery and search of live and on-demand videos.

About Ankabut
Ankabut is the United Arab Emirates’ Advanced National Research and Education Network (NREN) offering academic institutions connectivity to other education networks around the world. In addition to connecting universities, Ankabut can connect schools and public institutions together across the UAE with an effective cost model. Ankabut also co-operates on a national, GCC, regional and international arena representing the UAE in conferences, exhibitions and forums. Ankabut aims to offer professional and innovative IT services with a focus on the research and educational sector. Services includes Cloud, Connectivity, IT infrastructure, manage service and professional services such as IT Consultancy, Project Management, Licenses, Training and Development. Ankabut interconnects more than 80 tenants with a 10G backbone and 1G access links.  It enables a closed community network that allows the transfer of real-time services such as voice and video communication, time-critical services such as grid computing interconnect (cloud computing), public internet services, web hosting (C panel), co-locating, Edu- roam, High Performance Computing (HPC), Learning Management System (LMS), Virtual Desktop Interface (VDI), Mozoon system and Sierra Library Management System.

Ankabut supports initiatives in the e-learning environment, library content and distribution systems and research collaboration.  Ankabut believes that identifying these initiatives and offering network, processing and storage support is the best way to develop a collective collaborative approach to research and education. The Ankabut Project is jointly funded by ICT Fund, Khalifa University and member support. Ankabut is managed by Khalifa University, and the CEO of Ankabut is Mr. Fahem Al Nuaimi.

About Sonic Foundry®, Inc.
Sonic Foundry (OTC: SOFO) is the global leader for video capture, management and streaming solutions. Trusted by more than 5,200 educational institutions, corporations, health organizations and government entities in over 65 countries, its Mediasite Video Platform quickly and cost-effectively automates the capture, management, delivery and search of live and on-demand streaming videos. Learn more at www.mediasite.com and @mediasite.

© 2020 Sonic Foundry, Inc. Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their respective owners.

Media Relations:
Nicole Wise, Director of Communications
920.226.0269
nicolew@sonicfoundry.com

Zeus Adds Thinnest, Most Flexible Extruded PTFE Catheter Liner to StreamLiner™ Product Family

New Over-The-Wire (OTW) Liners Bridge the Gap Between Film Cast and Extruded Liners

ORANGEBURG, South Carolina, March 4, 2020 /PRNewswire/ — Zeus Industrial Products, Inc. (Zeus), a leading polymer solutions provider and material science innovator, has expanded its StreamLiner™ family of thin, extruded PTFE catheter liners. Using a proprietary process, Zeus can now extrude liners over-the-wire (OTW) in sizes comparable to film cast tubing, but with greater strength. The new StreamLiner OTW UT, the thinnest extruded liner yet, offers a nominal wall thickness as low as 0.0004″ (0.0102 mm) with a tolerance of +/- 0.0002″ (0.0051 mm).

By extruding over wire, Zeus has produced the desired combination of wall thickness, flexibility, and strength. Zeus’ StreamLiner OTW products allow medical device manufacturers to develop safer, smoother and stronger catheters that can navigate deeper into a patient’s vasculature.

With the release of StreamLiner OTW, Zeus offers medical device manufacturers several advantages:

  • A product with a similar wall thickness and the flexibility of film cast PTFE liners but with greater strength.
  • Shorter lead times to speed time-to-market and reduce operational costs. Zeus’ in-house wire drawing capabilities increase wire availability, reduce turnaround times and shorten delivery schedules.
  • Simplified production processes. Zeus supplies straight, cut-to-length liners that allow you to take the product from packaging to production and eliminate multiple timely processes.

Specific catheter applications for the StreamLiner OTW family include occlusion balloon catheters, micro catheters, mechanical and aspiration thrombectomy catheters, intermediate catheters, guiding catheters with and without balloons, and support catheters.

COMMENTS

“Zeus continues to lead with its technological innovations in PTFE liners. Using a state-of-the-art process, our new StreamLiner OTW lineup opens the doors to new possibilities for catheter manufacturers. Currently, no other polymer solution provider can supply an extruded PTFE liner with comparable wall thickness, flexibility and strength. Zeus is the only company in the market capable of delivering flexible PTFE liners extruded over wire with the lowest wall thickness.” – Bob Chaney, Senior Vice President, Global Sales & Marketing, Zeus Industrial Products, Inc.

“StreamLiner OTW bridges the gap between film cast liners and free extruded liners by providing extremely thin walls, flexibility, and strength. These features enable more catheter design options, which ultimately translates to better tractability, deliverability and overall performance – all without compromising patient safety.” – Matt Allen, Senior Product Line Manager, Zeus Industrial Products, Inc.

QUICK FACTS

  • Zeus has launched StreamLiner OTW, a new product lineup within its StreamLiner™ family of thin, extruded PTFE catheter liners.
  • StreamLiner OTW uses a proprietary process that extrudes PTFE liners over-the-wire in a range of sizes with comparable wall thickness and flexibility to film cast tubing, but with greater strength.
  • The new product lineup offers nominal wall thicknesses as low as 0.0004″.
  • The new liners are provided in discrete straight lengths over silver-plated copper.

RESOURCES

Click here to request free samples.

Zeus Industrial Products: Learn more about the company and its products on the Zeus website; or call toll-free 1-800-526-3842 or +1-803-268-9500 outside the U.S.

ABOUT ZEUS INDUSTRIAL PRODUCTS, INC.

Zeus Industrial Products, Inc., is headquartered in Orangeburg, SC, USA. Its core business is the development and precision extrusion of advanced polymeric materials. The company employs over 1,700 people worldwide with manufacturing and sales facilities in Aiken, Columbia, Gaston, and Orangeburg, South Carolina; Branchburg, New Jersey; Chattanooga, Tennessee; Guangzhou China; and Letterkenny, Ireland. Zeus products and services serve companies in the medical, automotive, aerospace, fiber optics, energy, and fluid management markets. For more information, visit www.zeusinc.com.

Logo – https://mma.prnewswire.com/media/790870/Zeus_Logo.jpg

MIAX Exchange Group Reports February 2020 Trading Results and New Records; Recognized for Most Innovative Technology for Second Year in a Row at Fund Technology and WSL Awards; Tom Jarck Joins Exchange Group as Volatility Products Specialist

PRINCETON, New Jersey, March 3, 2020 /PRNewswire/ — Miami International Holdings, Inc. (MIH) today reported February 2020 trading results for its three fully electronic options exchanges – MIAX®, MIAX PEARL® and MIAX Emerald™ (together, the MIAX Exchange Group™). The MIAX Exchange Group collectively executed over 55.4 million equity option contracts in February for a combined average daily volume (ADV) of 2,919,913 contracts, representing a total U.S. equity options market share of 10.92%, all of which were new monthly records. Additionally, the MIAX Exchange Group set new daily records for equity option contracts executed (5,199,080) and equity option market share (12.14%), while MIAX, MIAX PEARL and MIAX Emerald all set new individual exchange daily records for contracts executed (2,181,676; 2,780,300; and 257,830, respectively).

Fund Technology and WSL Awards 2020

MIH is pleased to announce that the MIAX Exchange Group won the “Most Innovative Exchange Technology” category at the Fund Technology and WSL Awards 2020. The Fund Technology and WSL Awards 2020 recognize and reward providers catering to asset managers and institutional traders that have demonstrated exceptional customer service and innovative product development over the past 12 months. This marks the second consecutive year that the MIAX Exchange Group has won this category.

“We are honored to be recognized for our exchange technology for a second year in a row, as we continuously strive for technology innovation and excellence to enable our member firms the best trading experience possible in the exchange marketplace,” said Douglas M. Schafer, Jr., Executive Vice President and Chief Information Officer of MIH. “This award represents a great accomplishment for our MIAX technology teams, and we would like to thank the Fund Technology and WSL Awards 2020 judges for again recognizing the MIAX Exchange Group.”

Tom Jarck Joins MIAX Exchange Group as Volatility Products Specialist

MIH is further pleased to announce that industry veteran Tom Jarck has joined the MIAX Exchange Group as Volatility Products Specialist. He will be part of the MIAX Business team.

Tom previously worked on several of the largest Wall Street bank equity index volatility trading desks in director and managing director roles, including Citigroup, Deutsche Bank, and most recently at Societe Generale.

Tom’s role at the MIAX Exchange Group will be product development, marketing and education, focusing primarily on volatility products that will include options on the SPIKES® Volatility Index (SPIKES; Ticker: SPIKE), listed on MIAX Options, and futures on SPIKES, which will be available on the Minneapolis Grain Exchange (MGEX), subject to regulatory approval.

Commented Shelly Brown, Executive Vice President, Strategic Planning and Business Development of MIH, “We are very pleased to welcome Tom to the MIAX Business team. His expertise and knowledge of the volatility universe that includes trading, technical skills, reputation, exchange mechanics and a vast network of contacts, is truly unmatched in the industry. Tom will be a valuable addition, not only to the MIAX Exchange Group, but also to MGEX and T3 Index, taking a prominent role in the growth of the SPIKES volatility product suite.”

Detailed Monthly Trading Results Are as Follows:

Trading Volume for MIAX Exchange Group,

Current Month

Year-to-Date Comparison
Equity Options ContractsFeb-20Feb-19% Chg.Jan-20% Chg.Feb-20Feb-19% Chg.
Trading Days1919214040
U.S. Equity Options
Industry
508,015,456316,391,08160.6%471,771,7107.7%979,787,166691,614,04041.7%
MIAX Exchange Group55,478,34131,548,21475.9%48,596,33214.2%104,074,67368,852,98151.2%
MIAX23,177,00713,553,13671.0%20,949,52710.6%44,126,53429,273,02450.7%
MIAX PEARL28,680,07017,995,07859.4%23,902,82720.0%52,582,89739,579,95732.9%
MIAX Emerald3,621,2643,743,978-3.3%7,365,242
Equity Options ADVFeb-20Feb-19% Chg.Jan-20% Chg.Feb-20Feb-19% Chg.
U.S. Equity Options Industry26,737,65616,652,16260.6%22,465,32019.0%24,494,67917,290,35141.7%
MIAX Exchange Group2,919,9131,660,43275.9%2,314,11126.2%2,601,8671,721,32551.2%
MIAX1,219,842713,32371.0%997,59722.3%1,103,163731,82650.7%
MIAX PEARL1,509,477947,10959.4%1,138,23032.6%1,314,572989,49932.9%
MIAX Emerald190,593178,2856.9%184,131
Equity Option Market Share for MIAX Exchange Group,

Current Month

Year-to-Date Comparison
Equity Options Market
Share
Feb-20Feb-19% Chg.Jan-20% Chg.Feb-20Feb-19% Chg.
MIAX Exchange Group10.92%9.97%9.5%10.30%6.0%10.62%9.96%6.7%
MIAX4.56%4.28%6.5%4.44%2.7%4.50%4.23%6.4%
MIAX PEARL5.65%5.69%-0.7%5.07%11.4%5.37%5.72%-6.2%
MIAX Emerald0.71%0.79%-10.2%0.75%

For further information regarding the MIAX Exchange Group, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com.

Corporate Communications Contact:Dominique Prunetti-Miller
(609) 897-1465
dprunetti@miami-holdings.com

About MIH and the MIAX Exchange Group

Miami International Holdings, Inc. (MIH) is the parent holding company of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX PEARL®) and MIAX Emerald, LLC (MIAX Emerald™ and together with MIAX and MIAX PEARL, the MIAX Exchange Group™), three fully electronic options trading exchanges. MIH also owns a controlling interest in the Bermuda Stock Exchange.

MIAX, MIAX PEARL and MIAX Emerald leverage the MIAX Exchange Group’s industry-leading technology and infrastructure to provide their member firms with traditional pricing and pro rata allocation (MIAX), maker-taker pricing and price-time allocation (MIAX PEARL) market structures, and a hybrid market structure with maker-taker pricing and pro rata allocation (MIAX Emerald).

MIAX Options serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY).

The MIAX Exchange Group’s executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL.

To learn more about MIH and the MIAX Exchange Group visit www.MIAXOptions.com.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements

The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company’s use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.

 

Miami International Holdings Executive Thomas P. Gallagher Elected Chairman of Bermuda Stock Exchange  

PRINCETON, New Jersey and HAMILTON, Bermuda, Feb. 20, 2020 /PRNewswire/ — Miami International Holdings, Inc. (MIH), the parent holding company of the MIAX Exchange Group and majority stock owner of the Bermuda Stock Exchange (BSX), today announced that its Chairman and CEO Thomas P. Gallagher has been elected Chairman of the Council (Board of Directors) of the BSX. Outgoing Chairman David A. Brown will remain on the Council as Deputy Chairman, replacing Jeff Conyers.

“We are pleased to welcome Tom as the new Chairman of the Council,” said Greg Wojciechowski the President and CEO of the BSX. “His expertise in the exchange sector will be invaluable to the BSX, providing the leadership necessary to implement our long-term growth strategy and vision.   Wojciechowski further commented, “The BSX management team is very excited to be part of the next chapter in the BSX’s development as we work with MIAX to bring new opportunities to the BSX and continue our efforts to develop Bermuda’s domestic capital market.”

Said Gallagher, “It is a privilege to be elected by the Council as the incoming Chairman. On behalf of the Council, I would like to thank David Brown and Jeff Conyers for their service and contributions over the past 20 plus years as Chairman and Deputy Chairman, respectively. Through their guidance, the BSX is in a position to take full advantage of opportunities such as the Bermuda government’s recently enacted Digital Asset Business Act, or DABA, which will enable us to move into new products and asset classes in the digital asset space.”

Commented Bermuda Premier the Hon. E. David Burt JP, MP, “The MIAX Exchange Group has deep rooted experience in developing, operating and trading on exchanges. Their investment in the BSX and specific interest in utilizing opportunities provided by Bermuda’s Digital Asset Business Act is a testament to Bermuda’s fintech efforts. The BSX is well placed to provide a critical part of the infrastructure necessary to support the development of the industry.  MIH’s selection of Bermuda for their investment demonstrates that Bermuda continues to be a business-friendly jurisdiction with a stellar reputation. It also showcases the interest that exists in the quality regulation and structures we have put in place to accommodate growth in the digitization of financial assets. The Bermuda government welcomes the BSX and MIH taking advantage of this innovative fintech regulatory framework and looks forward to the BSX advancing its offerings into the new era of digital assets.”

The BSX also announced today that Greg Wojciechowski will continue to serve in his role as President and Chief Executive Officer of BSX. Additionally, MIH announced today that Mr. Wojciechowski has been appointed President of MIAX Global, LLC. MIAX Global focuses on MIH’s merger, acquisition and joint venture activities as well as the company’s trading, technology and other projects based outside of North America, initially focusing on Europe and to expand into Latin America, the Middle East and Africa.

Added Gallagher, “I look forward to working with the other Council members and management and we intend to initially focus on growing BSX’s existing debt and insurance-linked securities listings by offering a competitive exchange venue and enhancing BSX sales and marketing efforts. We are also actively pursuing new opportunities to bring innovative products to the BSX and further exploring synergies with MIH now that its acquisition of a controlling interest in the BSX has been finalized.”

Further commented Barbara J. Comly, Executive Vice President and General Counsel of MIH, “Both MIH and the BSX look forward to jointly working with the Bermuda Monetary Authority’s Executive Chair Jeremy Cox, Deputy Chief Executive Officer Craig Swan, and the rest of the BMA on a variety of new projects.”

For further information regarding MIH and the MIAX Exchange Group, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com.

For further information regarding the BSX please visit www.bsx.com.

Corporate Communications Contacts:
MIH
Dominique Prunetti-Miller
(609) 897-1465
dprunetti@miami-holdings.com
BSX
Jacintha Hughes
(441) 292-7212
jhughes@bsx.com

About MIH

Miami International Holdings, Inc. (MIH) is the parent holding company of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX PEARL®) and MIAX Emerald, LLC (MIAX Emerald™ and together with MIAX and MIAX PEARL, the MIAX Exchange Group™), three fully electronic options trading exchanges. MIH also owns a controlling interest in the Bermuda Stock Exchange.

MIAX, MIAX PEARL and MIAX Emerald leverage the MIAX Exchange Group’s industry-leading technology and infrastructure to provide their member firms with traditional pricing and pro rata allocation (MIAX), maker-taker pricing and price-time allocation (MIAX PEARL) market structures, and a hybrid market structure with maker-taker pricing and pro rata allocation (MIAX Emerald).

MIAX Options serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY).

The MIAX Exchange Group’s executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL.

To learn more about MIH and the MIAX Exchange Group visit www.MIAXOptions.com.

About the BSX

Established in 1971 the Bermuda Stock Exchange (BSX) is now the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities (ILS). Bermuda has recently emerged as a center of excellence for the creation, support and listing of global ILS structures and the BSX has over 440 listed ILS structures which represents over 80% of the global issuances of these securities.

The BSX, recognized by the United States Securities and Exchange Commission as a Designated Offshore Securities Market, is a member of the World Federation of Exchanges, an associate member of IOSCO and is located in an O.E.C.D. member nation. The BSX has Approved Stock Exchange status under Australia’s Foreign Investment Fund (FIF) taxation rules; Designated Investment Exchange status by the UK’s Financial Services Authority; Recognized Stock Exchange by the UK HM Revenue and Customs; Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.

About Bermuda

Bermuda is known as the “World’s Risk Capital” and its innovative approach to providing solutions to the global reinsurance market is well respected. Having a critical mass of the world’s most respected participants in the reinsurance industry located in Bermuda has resulted in the country growing to be the third largest global reinsurance market.

The Bermuda Monetary Authority (BMA), the country’s financial regulatory body has sought and been granted Solvency II equivalence by the European Insurance and Occupational Pensions Authority. In late 2019 the National Association of Insurance Commissioners in the United States announced that Bermuda has been granted Reciprocal Jurisdiction Status effective as of January 1, 2020 approving Bermuda as a Qualified Jurisdiction.

Given the above, Bermuda occupies a very unique niche to provide innovative products to the global insurance/reinsurance market and the BSX has a unique opportunity to work with the global insurance market to help drive the convergence of these industries while bringing new products to market which could leverage the exchange trading and settlement infrastructure in place at the BSX.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements

The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company) or the Bermuda Stock Exchange (BSX), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

All third-party trademarks (including logos and icons) referenced by the Company or the BSX remain the property of their respective owners. Unless specifically identified as such, the Company’s or the BSX’s use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company or the BSX. Any references by the Company or the BSX to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.

 

SEC Publishes MIAX PEARL Equities Rules; Trading Expected to Begin in September 2020

PRINCETON, N.J., Feb. 10, 2020 /PRNewswire/ — Miami International Holdings, Inc. (MIH), the parent holding company of the MIAX®, MIAX PEARL and MIAX Emerald™ options exchanges (the MIAX Exchange Group), today announced that the Securities and Exchange Commission (SEC) has published MIAX PEARL’s proposal to adopt rules governing the trading of equity securities under its exchange license. MIAX PEARL is expected to begin trading equity securities in September 2020, subject to SEC approval.

The SEC publication of the proposed rule change is available here: https://www.sec.gov/rules/sro/pearl/2020/34-88132.pdf
https://www.sec.gov/rules/sro/pearl/2020/34-88132-ex5.pdf

Important MIAX PEARL Equities testing dates are as follows:

  • Firm Test Bed will be available in June 2020
  • Certification testing will be available in July 2020
  • Industry Mock Testing will be in August/September 2020
  • Targeted Go Live is in September 2020 (pending SEC approval)

For further information on MIAX PEARL Equities interface and connectivity specifications, please visit: https://miaxequities.com/interface-specifications/pearl-equities and https://miaxequities.com/connectivity?gid=equities.

For further information regarding MIAX PEARL Equities, please visit www.MIAXEquities.com or contact MIAX Trading Operations at TradingOperations@MIAXEquities.com or Sales at EQSales@MIAXEquities.com.

Corporate Communications Contact:
Dominique Prunetti-Miller
(609) 897-1465
dprunetti@miami-holdings.com

Miami International Holdings, Inc. (MIH) is the parent holding company of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX PEARL®) and MIAX Emerald, LLC (MIAX Emerald™ and together with MIAX and MIAX PEARL, the MIAX Exchange Group™), three fully electronic options trading exchanges.

MIAX, MIAX PEARL and MIAX Emerald leverage the MIAX Exchange Group’s industry-leading technology and infrastructure to provide their member firms with traditional pricing and pro rata allocation (MIAX), maker-taker pricing and price-time allocation (MIAX PEARL) market structures, and a hybrid market structure with maker-taker pricing and pro rata allocation (MIAX Emerald).

MIAX Options serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY).

The MIAX Exchange Group’s executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL.

MIH also owns a controlling interest in the Bermuda Stock Exchange.

To learn more about MIH and the MIAX Exchange Group visit www.MIAXOptions.com.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements

The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company’s use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.