Bermuda Stock Exchange Reports Record-Breaking Success For 2020 - Miami International Holdings Completes Acquisition Of BSX, Creating Opportunity And Promise For Bermudaâs Domestic Capital Market Date
BSX demonstrates resilience in response to COVID-19 pandemic
Another record-setting year for ILS listings
Exchange upholds its commitment to the continuing development of Bermuda’s domestic capital market
The Bermuda Stock Exchange (the Exchange or BSX) today released results for the year ending 31 December 2020, continuing its ongoing history of both product and technological innovation.
In making the year-end announcement, BSX President and Chief Executive Officer Greg Wojciechowski said, “It was an active and significant year for the BSX, which included its continued integration into Miami International Holdings, Inc.’s (MIH) group of securities exchanges. MIH obtained a controlling interest in the BSX in late 2019 and full ownership at the end of 2020. This
/PRNewswire/ Miami International Holdings, Inc. (MIH) today reported 2020 year-end options trading results for its three national securities exchanges –.
Miami International Holdings Acquires 100% Ownership of The Bermuda Stock Exchange
PRINCETON, N.J. and HAMILTON, Bermuda, Dec. 18, 2020 /PRNewswire/ Miami International Holdings (MIH), the parent holding company of MIAX
, and the Bermuda Stock Exchange (BSX) today announced that MIH has acquired 100% ownership of the BSX. MIH previously announced the acquisition of a majority interest in the exchange in November 2019. The BSX will continue its operations as a wholly owned subsidiary of MIH.
This acquisition aligns directly with MIH s corporate strategy, allowing the company to expand its world-class technology, derivatives trading and regulatory expertise to address emerging markets, such as digital assets, and provide the BSX with additional support in the evolving global (re)insurance risk market.
Futures Now Trading on the SPIKES Volatility Index
PRINCETON, N.J. and MINNEAPOLIS, Dec. 15, 2020 /PRNewswire/ Miami International Securities Exchange, LLC (MIAX) and the Minneapolis Grain Exchange (MGEX) today announce that a successful first day of futures trading on the SPIKES Volatility Index (SPIKES) took place yesterday on December 14. SPIKES Futures are a significant step forward for the volatility marketplace, adding necessary competition, choice and innovation, said Thomas P. Gallagher, Chairman and CEO of MIAX. With SPIKES Futures, investors have access to an advanced, competitively priced volatility trading product that further rounds out the SPIKES Volatility Products portfolio. We are excited that SPIKES Futures liquidity providers successfully began actively quoting yesterday, providing a tight market for SPIKES Futures right out of the gate.
MIAX and MGEX Announce SPIKES Futures December 14 Relaunch
PRINCETON, N.J. and MINNEAPOLIS, Dec. 10, 2020 /PRNewswire/ Miami International Securities Exchange, LLC (MIAX
) and the Minneapolis Grain Exchange (MGEX) today announce the planned December 14 relaunch of futures on the SPIKES Index (SPIKES Futures) on MGEX via the CME Globex platform. S&P 500 ETF (SPY), the most actively traded ETF in the world, and was developed by T3 Index, a firm that develops proprietary indexes. Available on MGEX via the CME Globex platform, SPIKES Futures (Ticker: SPK) offers a trading experience consistent with industry best practice tick size, notional value and contract specifications. SPIKES Futures introduces an innovative, efficient, accurate and cost-effective choice to the current volatility trading market. SPIKES Options are currently listed on MIAX.