Day: November 1, 2022

PRINCETON, N.J., Nov. 1, 2022 /PRNewswire/ — Miami International Holdings, Inc. (MIH), owner of Miami International Securities Exchange, LLC (MIAX^®), MIAX PEARL, LLC (MIAX Pearl^®), MIAX Emerald, LLC (MIAX Emerald^®), Minneapolis Grain Exchange, LLC (MGEX), The Bermuda Stock Exchange (BSX) and Dorman Trading, LLC announced today that SPIKES^® Futures and Options are now trading in penny ($0.01) increments.

Effective October 31, 2022, the SPIKES Futures minimum price increment is $0.01, creating the potential for tighter bid/ask spreads, reduced trading costs and the opportunity for improved execution prices. The change to 0.01 index points will result in a $10 tick value per contract for SPIKES Futures, compared to the previous $50 tick value.

The minimum trading increment for all series of SPIKES options is $0.01 if the options series is trading at less than $3.00 or $0.05 if the options series is trading at $3.00 or higher.

“MIAX remains focused on providing innovative solutions to address the challenges facing end-users in the evolving volatility trading ecosystem,” said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH. “We believe penny increments will provide traders with a more efficient way to trade volatility, allowing greater precision in trading strategies, improved execution prices and potentially lowering overall trading costs.”

SPIKES Futures and Options are traded on the SPIKES Volatility Index (Ticker: SPIKE), which updates every 100 milliseconds for pinpoint accuracy. The index is a measure of the expected 30-day volatility in the SPDR^® S&P 500^® ETF (SPY). SPIKES Futures are offered by MGEX and trade electronically via the CME Globex^® platform under the symbol “SPK.” SPIKES Options trade under the symbol “SPIKE” on the MIAX Options Exchange and are cash-settled with monthly expirations. More information about SPIKES products can be found here.

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), The Bermuda Stock Exchange (BSX) and Dorman Trading, LLC.

MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission (SEC) that are enabled by MIAX’s in-house built, proprietary technology. MIAX offers trading of options on all three exchanges as well as cash equities through MIAX Pearl Equities. The MIAX trading platform was built to meet the high-performance quoting demands of the U.S. options trading industry and is differentiated by throughput, latency, reliability and wire-order determinism. MIAX also 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).

MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and offers trading in a variety of products including Hard Red Spring Wheat Futures and also serves as the exclusive market for SPIKES Futures. 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 fully electronic, vertically integrated international securities market headquartered in Bermuda and organized in 1971. BSX specializes in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants, and insurance linked securities.

Dorman Trading LLC is a full-service Futures Commission Merchant registered with the CFTC.

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

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

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

To learn more about BSX visit www.bsx.com.

To learn more about Dorman Trading visit www.dormantrading.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.

Media Contact:
Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091
anybo@miami-holdings.com

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ABU DHABI, UAE, Nov. 1, 2022 /PRNewswire/ — With a wide range of new applications, Jereh introduces the company’s latest technologies and solutions of oil & gas industries to energy professionals at ADIPEC 2022, the global energy industry’s largest, most important and influential event.

Following the deep concerns of global energy development, this year, under the theme of “High-efficient, Eco-friendly, Achieve a sustainable future!”, Jereh presents innovative solutions including high-end equipment, technical services, EPC and operation for upstream and midstream of oil and gas development and production chain, as well as new energy and environment management industries.

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office, and Chairman of the Executive Committee of ADNOC’s Board of Directors visited Jereh stand and showed his interest and appreciation of Jereh’s support to ADNOC.

At the event, Jereh glassesless 3D video has received unparalleled attention, showing four types of oilfield equipment including cementing unit, fracturing unit and CTU.

With the transformation of oilfield stimulation in the Middle East, cost reduction and efficiency has become major concerns. Equipped with robust electric motor and 7000hp plunger pump, Jereh E-Frac solution can satisfy operation of large displacement, high pressure and long duration. Running on electricity generated by Jereh Turbine Genset rather than diesel, the fleet ensures a cleaner, more efficient and economical way for fracturing operations.

Jereh also unveiled its model of surface engineering project. In the Middle East, for the Middle East. With experience of more than 20 years in the industry, Jereh has ranked among the international oil and gas field surface EPC engineering. In 2021, Jereh successfully signed the ADNOC pilot production facility project in the UAE. In the same year, Jereh was awarded the JPF-5 project of KOC with a contract value of over $426 million.

While remaining at the forefront in oil & gas industry, Jereh actively explores its possibilities on environment protection. From the transformation of drive mode, exploitation and utilization of unconventional energy to integrated environmental management solutions, Jereh targets future energy with fewer emissions, and works towards a clean earth.

Possessing 10 global R&D centers and high-end equipment manufacturing bases, Jereh is able to offer reliable and customized products and services in the Middle East including UAE, Saudi Arabia, Turkey, Kuwait, Oman, etc.

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• Ingredients from Brazilian biodiversity – Oils, butter, syrups and extracts from pulps or seeds of Brazilian biomes Amazon, Cerrado and Caatinga;
• Plant-Based Butter – 100% natural and sustainable product, without any type of chemical additive or artificial color;
• Cold Pressed Oils – Special cold extraction and are directed to the food market, to the nutraceutical, functional food, and food supplements segments;
• Organic Liquid Sugars – Extracted with aggregated technology and developed focused on the food and beverage industries, do not have any type of chemical additive, artificial or pesticide component;
• Bio Abundance Program – It reinforces the company’s commitment to Brazilian forests.

SÃO PAULO, Nov. 1, 2022 /PRNewswire/ — Concepta Ingredients, Sabará Group’s business unit specialized in providing natural solutions for the food and beverage industry, is participating for the first time in one of the most important events in the world for the food sector: Gulfood Manufacturing, in Dubai, United Arab Emirates. The fair brings together more than 1,600 exhibitors from 60 countries from November 8^th to 10^th and presents the trends and innovations for 2022, in the sectors of Ingredients, Processing, Packaging, Supply Chain Solutions and Control and Automation.

In its booth, Concepta Ingredients exhibits its biodiversity portfolio with organic and conventional ingredients, composed of Plant-Based Butter, products originating from Açaí (Açaí Powder, Syrup, Oil and Extract), the range of Muscovado and Demerara Liquid Sugars and Cupuaçu Butter, besides the Brazil Nut, Licuri, Toasted Babaçu, Passion fruit, Sacha Inchi and Patauá Oils. Another highlight is the Cold Pressed Vegetable Oils range, launched in 2022, which contains products made from Sunflower, Sesame, Linseed and Safflower.

André Sabará, Commercial Director of Concepta Ingredients, reinforces the importance of being part of an event of such magnitude, where it is expected to receive more than 30 thousand professionals from the food and beverage industries. “Concepta actively participates in several fairs, and this is an important opportunity to establish new connections and relationships, besides showing the work we develop with Brazilian ingredients”, he pointed out. “It is essential to present our products in different markets, such as the Middle East, valuing the wealth of Brazil and of course always exchanging knowledge with professionals from other countries”, he explained.

Recently, the company started operating in Dubai. Juliana Camillo, responsible for developing new businesses in the region, highlighted the importance of the fair to ensure greater visibility for the brand in the Middle East.

“This operation was opened to serve customers from the Middle East and North Africa with more agility, as we can count on a local stock. At Gulfood Manufacturing, we want to position ourselves with the presentation of Concepta Ingredients’ most important products, always reinforcing the appreciation of Brazilian biodiversity inputs and the work built over the years by the company”, she concluded.

Bio Abundance Program
During the fair, Concepta Ingredients also presents the Bio Abundance Program, launched in 2022, which reinforces the commitment to Brazilian forests. The initiative is based on five pillars: connecting people in a virtuous value chain between the forest wealth and the market; keeping the forest standing; respecting the people and communities that inhabit it; encouraging the use of ingredients from Brazilian biomes; and promoting socioeconomic inclusion and reducing social inequality.

The Bio Abundance Program contributes to the indirect preservation of about 345 thousand hectares of native vegetation, spread among the Amazon, Cerrado and Caatinga biomes, and involves about 2,100 families.

Products and uses

Arboreto Range – ingredients from Brazilian Biodiversity

The products from Brazilian biodiversity are the result of several projects, which are based on the conservation of the forest and contribute directly to the development of communities. The range is composed of oils, butters, syrups and extracts from pulps or seeds from the Brazilian biomes Amazon, Cerrado and Caatinga, with emphasis on Açaí, Passionfruit, Licuri, Patauá, Brazil Nut and Cupuaçu.

Plant-Based Butter
Concepta Ingredients Plant-Based Butter, also part of the Arboreto range, is 100% natural and sustainable, without any type of chemical additive or artificial dye, and stands out for pure production with organic certification. Because it has no gluten and is free of trans fat, canola, soy and sodium, it is suitable for flexitarian and vegan diets, a healthy alternative to milk butter.

Cold Pressed Vegetable Oils
The range of Cold Pressed Vegetable Oils has conventional ingredients, with special cold extraction and is directed to the food market, mainly to the nutraceutical, functional food and food supplements segments. Sunflower, Sesame, Linseed and Safflower products have a higher concentration of bioactive components and are able to preserve the flavor, color and aroma characteristics of the seeds.

Organic Liquid Sugars
The Liquid Muscovado and Demerara Sugars, in turn, come from organic management, extracted with aggregated technology and developed with a focus on the food and beverage industries. Those ingredients do not have any type of chemical additive, artificial or pesticide component.

Muscovado Sugar, for example, does not undergo any kind of refinement, thus preserving the minerals and phytosterols from sugarcane. Demerara Sugar is less refined than standard sugar, thus ensuring the presence of sugarcane nutrients.

Gulfood Manufacturing – Dubai
Location: Dubai World Trade Centre
Date: November 8^th-10^th
Concepta Booth: #G8-30
For more information and enrollment: https://www.gulfoodmanufacturing.com/

About Concepta Ingredients:
Concepta Ingredients is part of Sabará Group and is specialized in natural and technological solutions developed in accordance with Bio Abundance Program. From a work based on innovation and research, the company offers organic and conventional ingredients, supported in the training of families and indirect conservation of areas of different biomes in Brazil. Its complete portfolio has technological inputs from international partners and ingredients from biodiversity to meet the most specific demands of the industries in where it is present.

About Sabará Group
Sabará Group, with over 65 years of history, is genuinely Brazilian and recognized for its capacity for innovation and adaptation. For three generations, the Group has overcome challenges and excels in its markets. The company’s commitment to the welfare of people around the world goes beyond the offering of innovative products and services. Its activities take into account future generations with a focus on solutions to ensure sustainability. Through its various branches of activity, Sabará Group operates throughout the national territory and has a presence in countries in South America, North America and Europe. It is specialized in the development of high performance technologies, solutions and raw materials, aimed at the water treatment markets in sanitation and industry, nutrition and animal health and the food and beverage industries. The development of its products relies on 100% national knowledge and technology, a factor which contributes to Brazil becoming a reference in product research for a sustainable world.