MIAX and SIG Index Licensing to Launch Corporate Tax Rate Futures on MGEX
Set to Launch on May 24, 2021
PRINCETON, N.J., April 22, 2021 /PRNewswire/ MIAX
, creator and operator of high-performance securities exchanges, products and services, and SIG Index Licensing, LLC (SIG Index Licensing) will launch cash-settled futures contracts on SIG Index Licensing s U.S. Corporate Tax Rate Index. The new futures contracts will begin trading on May 24, 2021.
Corporate Tax Rate Futures will offer corporations and investors an efficient way to manage risk in uncertain corporate tax rate environments. The futures contracts will be the first of their kind and come at a time when global corporate tax rates are subject to changing governmental corporate tax policy and post-stimulus tax recovery plans.
(0)
PRINCETON, N.J., April 15, 2021 /PRNewswire/ Miami International Holdings (MIH), the parent holding company of MIAX
, today announced expanded roles for two key members of company senior management and the addition of two new vice presidents in MIAX Futures. The appointments will play a key role in MIH s futures and proprietary product expansion efforts.
MIH is pleased to announce the following expanded roles for members of senior management:
Mark G. Bagan has been named Executive Vice President, U.S. Futures Strategy of MIH. In this capacity, he will oversee the company s overall futures strategy. Bagan will also continue in his current role as President and Chief Executive Officer of the Minneapolis Grain Exchange (MGEX), an MIH exchange subsidiary.
MIAX and Vesica Advance Strategic Partnership
MIAX s Parent Holding Company Completes Follow-on Investment in Vesica Technologies and Parties Finalize License Agreement for Options and Equities Data Analytics
PRINCETON, N.J. and LOS ANGELES, April 12, 2021 /PRNewswire/ Miami International Holdings (MIH), the parent holding company of MIAX
, and Vesica Technologies (Vesica), a trading analytics startup making financial data more accessible to individuals, today announced that MIH has completed a follow-on equity investment in Vesica and the finalization of their licensing agreement. The parties previously announced MIH s initial investment and partnership in late 2020.
As part of the license agreement, Vesica s SHIFT Search
Miami International Holdings Reports March 2021 Trading Results, MIAX Exchange Group Sets New Monthly Market Share and Volume Records
, MIAX Pearl (together, the MIAX Exchange Group) and the Minneapolis Grain Exchange (MGEX).
In U.S. options, the MIAX Exchange Group collectively executed over 116.9 million multi-listed options contracts for a combined average daily volume (ADV) of 5,083,825 contracts, representing a total U.S. multi-listed options market share of 13.65%. The 13.65% market share represents an increase of over 18% from March 2020.
In U.S. equities, MIAX Pearl Equities executed 486,857,188 shares.
In U.S. futures, MGEX executed 259,617 contracts.
Multi-Listed Options Trading Volume for MIAX Exchange Group, Current Month
MGEX Announces Top 5 Day And Top 20 Month Date
01/04/2021
MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), welcomes March 2021 into the record book as the 18th best overall month in history with a total of 259,617 contracts. Furthermore, this past month is the second-best March in history just missing the first place spot by 6%. Electronically, 232,794 contracts were traded in the month of March, making it the 16th best electronic month in the MGEX record book. The Exchange had a total of 6,859 options traded, which is the highest in its history for March.
Additionally, March 31st entered the record book as the 5th best overall day with a total of 29,558 contracts. March 31st also was the 5th best electronic day with a total of 28,403 contracts. At the close of market, open interest was reported at 91,782 contracts, which is 14% higher compared to this time last year. Options open interest represents 12,543 contracts of the total op