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MIAX Exchange Group - Options & Equities Markets - Reminder: Reg SCI / SIFMA BCP Pre-Test On Saturday, September 23, 2023

Date 14/09/2023

Overview:

As previously announced in the April 11, 2003 Alert, the MIAX Exchange Group will be participating in the 2023 SIFMA BCP Testing on Saturday, October 14, 2023.  All Members that are required to test with MIAX Options, MIAX Pearl Options, MIAX Emerald Options and/or MIAX Pearl Equities Exchanges in accordance with Regulation Systems Compliance and Integrity (Regulation SCI) were notified on April 4th and April 5th, 2023.  However, all Members are encouraged to test. 

Miami International Holdings Announces That MGEX Has Filed A Petition For Rehearing Following Court's Decision To Vacate SEC's Exemptive Order Related To SPIKES Volatility Index Futures

Date 14/09/2023

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 (MGEXTM), LedgerX LLC (LedgerX), The Bermuda Stock Exchange (BSX), and Dorman Trading LLC today announced that MGEX has filed a petition for panel rehearing and rehearing en banc of the U.S. Court of Appeals for the District of Columbia's July 28, 2023 decision to vacate the U.S. Security and Exchange Commission's Exemptive Order related to SPIKES® Volatility Index Futures (the "Order"). The Order permits the listing of SPIKES Futures as a futures contract on MGEX, which serves as the exclusive market for this contract.

Fiserv Named To TIME World’s Best Companies 2023 - Company Recognized For Employee Satisfaction, Revenue Growth And Sustainability

Date 14/09/2023

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial technology solutions, was today named to the inaugural TIME World’s Best Companies list, presented by TIME and Statista Inc., the world-leading statistics portal and industry ranking provider.

IOSCO Seeks Feedback On Proposed Good Practices On Leveraged Loans And CLOs And Publishes Its Thematic Analysis On Emerging Risks In Private Finance

Date 14/09/2023

IOSCO today publishes two reports analysing important market risks. It has called for an improvement in practices in the leveraged loan market and highlighted weak transparency in private finance.

LME Announces Evolution Of Closing Price Methodology

Date 14/09/2023

• New methodology aims to bring greater determinism, transparency and standardisation to the Closing Price discovery process
• Extending the use of VWAPs in Closing Price methodology for most liquid contracts
• Existing methodology to remain in place for other contracts
• Phased implementation from January 2024 to ensure participant readiness.

Trading Technologies Named To Crain's Chicago Business Best Places To Work 2023

Date 14/09/2023

Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, has just been named to the Crain's Chicago Business Best Places to Work list for 2023.

Retail Investors In Japan Are Increasing Their Use Of ETFs

Date 14/09/2023

Retail investors in Japan are continuing to increase their use of ETFs. Retail investors are trading and investing in ETFs listed in the United States via on-line brokers platforms in Japan. The ETFs that are being used have been registered for sale in Japan by the US ETFs issuers. Once registered for sale online broker platforms can decide to make the ETFs available on their platforms. These US listed ETFs that are registered for sale in Japan do not have a listing on an exchange in Japan. 

Commonwealth Artificial Intelligence Consortium To Meet In New York To Advance AI Action Plan

Date 14/09/2023

Members of the Commonwealth Artificial Intelligence Consortium (CAIC) will meet next week in the margins of United Nations General Assembly sessions in New York, to endorse concrete plans to harness the transformative power of artificial intelligence (AI) for sustainable development.

European Central Bank Raises Interest Rates By 0.25%

Date 14/09/2023

Inflation continues to decline but is still expected to remain too high for too long. The Governing Council is determined to ensure that inflation returns to its 2% medium-term target in a timely manner. In order to reinforce progress towards its target, the Governing Council today decided to raise the three key ECB interest rates by 25 basis points.

Saxo Bank Announces H1 2023 Results

Date 14/09/2023

The Saxo Bank Group reported an operating profit of DKK 520 million compared to DKK 388 million for the same period last year corresponding to an increase of 34%.