Day: October 12, 2021

PRINCETON, N.J. and MINNEAPOLIS, Oct. 12, 2021 /PRNewswire/ — MIAX®, creator and operator of high-performance securities exchanges, products and services, today announced average daily volume (ADV) for SPIKES® Futures in September 2021 reached 7,502 contracts, a new monthly record and representing a 92.2% increase over the 3,904 ADV in August 2021.  In addition, SPIKES Futures volume on September 9, 2021 totaled a new daily record of 14,890 contracts.

An expanding group of market participants, combined with the current zero exchange fee policy is fueling the growth in volume and open interest, tight bid/ask spreads, and available size to trade.  Minneapolis Grain Exchange, LLC (MGEX™) is planning to extend its zero fee exchange policy for SPIKES Futures until December 31, 2021.

“Strong support from our partners is driving adoption and contributing to record volumes in SPIKES Futures,” said Mark G. Bagan, President and CEO of MGEX.  “Our markets are now attracting a broader range of capital market participants, many of whom are seeking a competitive alternative to existing volatility products.”

SPIKES Futures are based on the SPIKES Volatility Index, which was designed by T3 Index and measures the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY), the most actively traded ETF in the world. The futures contracts are listed on MGEX and accessed via the CME Globex® platform.

“Our team is laser-focused on building a solid foundation for volatility trading and expanding the penetration of the SPIKES franchise,” added Joseph W. Ferraro III, Senior Vice President, Deputy General Counsel of MIAX and President of MIAX Futures. “We continue to work with leading liquidity providers to build our suite of volatility products including enhancements to our SPIKES Options products trading on the MIAX Options Exchange.”

The SPIKES Volatility Index is calculated and disseminated every 100 milliseconds, offering best-in-class accuracy and stability as a result of its proprietary price-dragging technology. Futures on the SPIKES Index allow traders to benefit from the Index’s innovative design features, including its truncation methodologies and underlying SPY option component liquidity.

SPIKES Futures contract specifications, trading rules, pricing and interface specifications are available on the MGEX website at www.mgex.com. Additional information regarding SPIKES Futures can be found at www.MIAXoptions.com/spikes/futures.

Corporate Communications Contact:

MIAX
Andy Nybo, SVP, Chief Communications Officer
609-955-2091
anybo@miami-holdings.com

About MIAX

MIAX’s parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX^®), MIAX PEARL, LLC (MIAX Pearl^®), MIAX Emerald, LLC (MIAX Emerald^®), Minneapolis Grain Exchange, LLC (MGEX™), and Bermuda Stock Exchange (BSX™).

MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission (SEC) that leverage MIAX’s industry-leading technology and infrastructure to provide U.S. listed options trading to their member firms. MIAX 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). In addition to options, MIAX Pearl facilitates the trading of cash equities through MIAX Pearl Equities™.

MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and is a Notice Registered Securities Futures Product Exchange with the SEC. MGEX serves as the exclusive market for a variety of products, including Hard Red Spring Wheat and SPIKES Futures. In addition, MGEX is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM, DCO and cash market services in an array of asset classes.

BSX is a leading electronic international securities market regulated by the Bermuda Monetary Authority (BMA) specializing in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities. A full member of the World Federation of Exchanges and affiliate member of the International Organization of Securities Commissions, BSX is globally recognized, including by the SEC.

MIAX’s executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL, Minneapolis, MN, and Hamilton, Bermuda.

To learn more about MIAX visit www.MIAXOptions.com.

To learn more about MGEX visit www.mgex.com.

To learn more about the BSX visit www.BSX.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.

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DUBAI, U.A.E., Oct. 12, 2021 /PRNewswire/ — GEP®, a leading provider of procurement software and services to Fortune 500 and Global 2000 enterprises worldwide, announced today that a leading Dubai-based carrier has selected GEP SMART™, the industry’s premier procurement software platform, to support elements of its source-to-pay (S2P) process. The investment in GEP SMART™ will enable the airline to build stronger relationships with its suppliers to support its growth and deliver greater value to customers as the demand for air travel increases.

The airline, which serves more than 90 destinations via Dubai’s aviation hub, chose GEP SOFTWARE™ to support its transformation of procurement and manage elements of its source-to-pay process. This includes a full range of functions encompassing spend analytics, sourcing, and category, contract, invoice and supplier management, as well as purchase-to-pay.

GEP SMART is a unified, cloud-native source-to-pay platform, built on a data-centric foundation with AI at its core and user-first design. GEP SMART enables global enterprises to drive optimum efficiency, agility, visibility and actionable intelligence into all procurement and purchasing functions, while eliminating burdensome infrastructure and support costs to achieve maximum ROI.

About GEP SOFTWARE

GEP SOFTWARE^TM provides award-winning digital procurement and supply chain platforms that help global enterprises become more agile, resilient, competitive and profitable.

With beautifully rendered interfaces and flexible workflows, GEP^® provides users fresh, intuitive digital workspaces that yield extraordinary levels of user adoption and meaningful gains in team and personal productivity.

GEP products capitalize on machine learning and cognitive computing, advanced data and semantic technologies, IoT, mobile and cloud technologies, and are designed to incorporate continual innovations in technology.

GEP’s software integrates quickly and easily with third-party and legacy systems, such as SAP, Oracle and all other major ERP and F&A software. And with superb support and service, GEP is an industry leader in customer satisfaction and loyalty.

A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, Procurement Leaders and Spend Matters.

GEP SOFTWARE is part of Clark, NJ-based GEP — the world’s leading provider of procurement and supply chain strategy, software and managed services. To learn more, visit www.gepsoftware.com.

Media Contact
Derek Creevey
Director, Public Relations
GEP
Phone: +1 732-382-6565
Email: derek.creevey@gep.com

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BOSTON, Oct. 12, 2021 /PRNewswire/ — Recorded Future, the world’s largest provider of intelligence for enterprise security, today announced the expansion of its Intelligence Platform with the Identity Intelligence module, the source of truth for validating digital identity authenticity. Digital identities are the passport to access today’s online world, and threat actors are aggressively exploiting this universal but susceptible dataset of Personally Identifiable Information (PII). Providing clarity to this expansive attack surface, Recorded Future is able to disrupt adversaries by enabling intelligence-driven validation of identities across the digital world.

Today’s authentication efforts are insufficient in combating the increase in fraud targeted at digital identities. This past year, 61 percent of breaches involved credential data, signifying that a new approach to digital identity verification is needed. Organizations need real-time collection of compromised identities to identify, verdict, and respond to fraudulent accounts quickly and confidently.

Recorded Future uncovers, correlates, and synthesizes compromised identities into actionable intelligence, helping protect organizations from financial, legal, and reputational consequences. With automated monitoring, it enables a proactive defense and reduces the risk of damage to the business by immediately finding and remediating compromised identities before they can be used in an attack.

“Recorded Future intelligence provides critical awareness for us and our clients. The new Identity Intelligence module automates correlations and surfaces breach data that previously required significant processing to achieve. This real-time visibility into identity exposure enables us to better protect our clients and reduce risk.” — Eric Ooi, Director of Security and Research, Iron Vine Security, LLC

Identity Intelligence from Recorded Future
Recorded Future offers critical details for fraudulent identities related to an organization’s employees, partners, and customers from an unparalleled range of open source, dark web, and technical sources. Identity Intelligence from Recorded Future provides real-time visibility and evidence enabling security and IT teams to quickly identify compromised identities and immediately initiate downstream response workflows.

Eliminating the need to manually aggregate, correlate, and triage compromised data, Recorded Future’s Identity Intelligence module empowers authentication and identity teams to:

• Detect exposed accounts in real time
• Respond to compromises before the business is impacted
• Gain unmatched visibility into open and dark web sources

“In a digital-first world, strong identity authentication is vital to not only securing an organization but protecting your whole ecosystem from damages and business impact. There is currently a false sense of security by relying on physical identities, and taking a proactive stance requires an intelligence-centric approach. Our unmatched access and breadth of data enables us to surface the intelligence needed to validate identities and disrupt adversaries.” — Craig Adams, Chief Product and Engineering Officer, Recorded Future

The expansion of the Recorded Future Intelligence Platform, the single authoritative source for intelligence, further enables organizations to build holistic, security programs across a wide range of business areas within the enterprise with actionable, relevant insights. Learn more about the Recorded Future Identity Intelligence module at: https://www.recordedfuture.com/solutions/identity-intelligence

About Recorded Future
Recorded Future is the world’s largest provider of intelligence for enterprise security. By combining persistent and pervasive automated data collection and analytics with human analysis, Recorded Future delivers intelligence that is timely, accurate, and actionable. In a world of ever-increasing chaos and uncertainty, Recorded Future empowers organizations with the visibility they need to identify and detect threats faster; take proactive action to disrupt adversaries; and protect their people, systems, and assets, so business can be conducted with confidence. Recorded Future is trusted by more than 1,000 businesses and government organizations around the world. Learn more at www.recordedfuture.com and follow us on Twitter at @RecordedFuture.

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