Daily Archives: April 13, 2018

MIAX Options and T3 Index to Launch SPIKES Volatility Index; Proprietary Products to Follow on MIAX Exchanges

PRINCETON, New Jersey, April 13, 2018 /PRNewswire/ — MIAX Options® and T3 Index today announced that the SPIKES index (Ticker: SPIKE) will be launched on MIAX Options in April 2018. SPIKES measures the expected 30-day volatility in the SPDR S&P 500 ETF (SPY), one of the most actively traded securities in the world.  Additionally, SPIKES is equipped with proprietary design features such as “price-dragging” to help stabilize the index during times of market stress.

This launch is the first of many joint initiatives between the two companies, following the establishment of an exciting new partnership between T3 Index and MIAX Options’ parent holding company, Miami International Holdings, Inc. (MIH).

SPIKES was created by T3 Index, a research-driven financial indexing firm that specializes in developing innovative volatility and option-related indices across asset classes. Developed in response to the market’s demand for a more rigorous and dependable volatility gauge, the SPIKES index is specifically designed to be highly resilient and more responsive in today’s highly automated markets.

As part of the agreement with T3 Index, MIH has obtained an exclusive, worldwide license to develop exchange-traded products based on T3 Index’s SPIKES and other indices for all of MIH’s exchanges, and a minority ownership interest in T3 Index. MIAX Options intends to launch cash settled options on SPIKES in the second half of 2018. All products remain subject to SEC approval.

Thomas P. Gallagher, Chairman and CEO of MIAX Options, said, “After launching the SPIKES index we will focus on listing several proprietary SPIKES options products that could truly be game changers for our customers and the U.S. options industry in general. By marrying our best-in-class trading technology with T3 Index’s IP and expertise in the volatility space, we envision MIAX Options becoming a volatility product powerhouse. This is a great opportunity for both parties, and we look forward to a mutually beneficial relationship with T3 Index for many years to come.”

“T3 Index’s partnership with MIH is an excellent way to further our mission to develop tools through volatility product innovation that will enable investors greater flexibility in both generating returns and protecting them,” said Simon Ho, Executive Director of T3 Index. “We are thrilled that MIAX Options is launching the SPIKES index and we are working together to offer tradeable products which will give investors more accessible, cost effective ways to invest in volatility. We believe the enhanced design of SPIKES vastly improves index stability and better reflects the nature of today’s predominantly electronic options market. We view this as a huge advantage over the slower, manually traded floor-based S&P 500 index options, and are confident that the launch of these SPIKES options products will be viewed by the trading community as an exceptional alternative to the current volatility product offerings of other exchanges.”

“MIAX Options is excited for the opportunity to launch the SPIKES index and eager to introduce SPIKES-based options products given its unique tracking of SPY” said Joseph W. Ferraro III, Senior Vice President, Deputy General Counsel of MIAX Options. “SPY is the largest exchange-traded fund in the world, and its popularity creates a highly liquid market for the associated options, accounting for approximately half of the notional value traded per day across all U.S. equity options exchanges.”

Added John Smollen, Executive Vice President – Head of Exchange Traded Products and Strategic Relations at MIAX Options, “T3 Index is one of several opportunities we have recently pursued with third parties as part of our commitment to bringing innovative and unique exchange-traded products to our customers. In addition to the SPIKES options products, we are equally enthusiastic about the anticipated launch of other third party-based proprietary products and expect to formally announce them in the coming months.”

For further information regarding MIAX Options, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com.

Corporate Communications Contact:
Dominique Prunetti-Miller
(609) 897-1465
dprunetti@miami-holdings.com

About MIAX Options and MIH
Miami International Securities Exchange, LLC (MIAX Options) is a fully electronic options trading exchange and wholly-owned subsidiary of Miami International Holdings, Inc. (MIH). MIAX Options currently lists and trades options on over 2,700 multi-listed classes. MIAX Options’ unparalleled system throughput is approximately 38 million quotes per second. The average latency for a single quote on MIAX Options is approximately 17.03 microseconds for a full round trip. At the 99th and 99.9th percentiles, the latency on MIAX Options is approximately 25.12 and 54.76 microseconds, respectively. MIAX Options is part of the MIAX Exchange Group along with MIAX PEARL, LLC (MIAX PEARL), MIH’s second options exchange.

The MIAX Exchange Group has assembled a team with deep rooted experience in developing, operating and trading on options exchanges, and its trading platforms have been developed in-house and designed from the ground up for the unique functional and performance demands of derivatives trading. MIAX Options and MIAX PEARL leverage the MIAX Exchange Group’s industry leading technology and infrastructure to provide their member firms with both traditional (MIAX Options) and maker-taker (MIAX PEARL) pricing structures. The MIAX Exchange Group’s executive offices and National Operations Center are located in Princeton, NJ.  The MIAX Exchange Group also maintains a Miami Operations Center in Miami, Florida, which contains the Miami Annual Meeting and Conference Center and the offices of MIAX Technologies and MIAX Global.

In addition to MIAX Options and MIAX PEARL, MIH is the parent holding company of Miami International Technologies, LLC (MIAX Technologies) and MIAX Global, LLC (MIAX Global). MIAX Technologies is MIH’s technology subsidiary for the sale and/or license of the trading technology developed by the MIAX Exchange Group. MIAX Global focuses on merger, acquisition and joint venture activities of MIH. MIAX Global also provides technology and other services outside of North America, with its initial concentration being on Europe and Latin America.

About T3 Index
T3 Index is a research-driven financial indexing firm, specializing in volatility and option benchmarking. T3 Index is dedicated to developing investible, proprietary indices that track related strategies across a range of asset classes to transform the way people invest and manage risk.

Further information on T3Index can be found at www.t3index.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 MIH, 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. Such forward-looking statements include, but are not limited to, statements concerning the plans, objectives, expectations and intentions and other statements that are not historical or current facts of MIH, together with its subsidiaries, including MIAX Options (collectively, the Company). Forward-looking statements include, but are not limited to, statements about the possible or assumed future results of operations of the Company; the competitive position of the Company; potential growth opportunities available to the Company; the expectation with respect to securities, options and future markets and general economic conditions; the effects of competition on the Company’s business; and the impact of future legislation and regulatory changes on the Company’s business. Forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements.

‫الشركة الصينية الأكبر المنافسة لأير بي أن بي Xiaozhu.com: تشاطر المنازل يتجذر في الصين

بواوي، الصين، 13 نيسان/أبريل، 2018 / بي آر نيوزواير / — يخضع مفهوم “اقتصاد التشارك” ثانية لتسليط الأضواء عليه في آسيا. وخلال منتدى  بواوي 2018 لآسيا، وهو المقابل الآسيوي للمنتدى الاقتصادي العالمي، اجتمعت الشركات المشاركة في اقتصاد التشارك الصينية في ندوة لبحث مستقبل هذه الصناعة. وقد دعي تشن شي، المؤسس المشارك والرئيس التنفيذي لـ Xiaozhu.com، منصة البلاد الرائدة والأسرع نموا في البلاد في قطاع تشارك المنازل، للتحدث في هذه الندوة التي كانت بعنوان “اقتصاد التشارك: بدء العمل.”https://prnewswire2-a.akamaihd.net/p/1893751/sp/189375100/thumbnail/entry_id/1_2prmeuvq/def_height/400/def_width/400/version/100011/type/1

الصورة: https://mma.prnewswire.com/media/675691/CEO.jpg

ووفقا لتقرير مركز المعلومات الحكومي الصيني، نما سوق تشارك المساكن الصينية بنسبة 70.6 ٪ في العام 2017، مما أدى إلى تسارع سرعة النمو. وبعد أكثر من 5 سنوات من النمو، تجذر تقاسم المنازل بصورة عميقة في الصين، وبدأت هذه الظاهرة تنتشر بسرعة إلى مدن الطبقة الدنيا والريف”، كما قال تشن شي. وقال شي إنه على منصة  شياوجو، كانت مدن المستوى 2 مثل تيانجين وتشونغتجنغ وتشانغشا من بين الأسواق الأسرع توسعا في هذا المجال. وعند الحديث عن ربحية منصات اقتصاد المشاركة في الصين، فقد كشف تشن أن شياوجو طورت نموذج عمل صحيا ومربحا.

وعندما سئل عن الحركات النشطة في الآونة الأخيرة لشركة أير بي أن بي في الصين، قال تشن إن هذا مثال على كيفية تعلم الشركات الأجنبية من الشركات الصينية، من حيث التوطين والابتكار في الأعمال. إن قدرة شياوجو التنافسية، كما أكد تشن، تكمن في القدرة القوية على العمل دون اتصال على الإنترنت، والتي تفرض متطلبات عالية على فلسفة الفريق وأعماله. لقد كرست الشركة جهدا كبيرا في بناء نظام الخدمة والبنية التحتية منذ البداية، وهو ما يختلف عن المنافس الأميركي.

تعتبر Xiaozhu.com، التي تأسست في العام 2012، واحدة من أكبر منصات تشاطر المنازل في الصين. وفي تشرين الثاني/نوفمبر 2017، أعلنت الشركة أنها جمعت 120 مليون دولار في أحدث جولة تمويل لها، بقيادة شركة جاك ما- المدعومة من يونفنغ كابيتال.

الاتصال: بانلان شي،
86-185-2258-1743+،shipanlan@xiaozhu.com

 

VFS Global Launches One-stop Visa Centres for Malaysia in Riyadh and Jeddah in KSA

RIYADH , Saudi Arabia and DUBAI, United Arab Emirates, April 13, 2018/PRNewswire/ –The world’s leading outsourcing and technology services specialist for diplomatic missions worldwide, VFS Global, today announced the opening of two one-stop Malaysia visa centres, bringing enhanced convenience to the Kingdom’s visa applicants traveling to the Southeast Asian country.https://prnewswire2-a.akamaihd.net/p/1893751/sp/189375100/thumbnail/entry_id/1_6z530vgj/def_height/400/def_width/400/version/100011/type/1

(Logo: http://mma.prnewswire.com/media/624234/VFS_Global_Logo.jpg )

The one-stop centres – in Riyadh and Jeddah – have been launched in cooperation with the Embassy of Malaysia in Saudi Arabia and in partnership with S5 Systems and Megan Gayabina and the facilities management provider of VFS Global, Al Etimad Modern Business Solutions.

In a statement, VFS Global said that both Riyadh and Jeddah centres have started functioning from 10 April, 2018. Both the centres are located in main commercial districts of the cities to ensure easy access for the applicants.

Speaking at the official opening of the Jeddah centre, Dato Mohammad Ali Bin Selamat, Consul General of Malaysia in Jeddah, said, Well coordinated models such as the OSC seeks to optimize a multi-dimensional approach and ensure consistency in the application to provide the best, streamlined and efficient visa service. The OSC is also flexible with its visa submission time to allow more applications to be submitted as part of the new customer friendly initiative.

The inauguration was held in the presence of senior officials from the Malaysian Consulate and VFS Global, including the Malaysian Consul General of Jeddah, together with Ms. Marita Bachhav, Head of Operations – KSA, Kuwait, Bahrain, Leabanon & Jordan, VFS Global, amongst others.

The VFS Global one-stop centre in Riyadh is located on the first floor of Dove Plaza, Omm Al Hamam Street while in Jeddah it is on the ground floor of TasHeel Commercial Plaza, Suwaid Bin Sakher Street, Off Jundub Bin Kaab Street (Off Prince Sultan Street) in Al Mohammadiyah District 1.

Visa applicants from the Kingdom can direct their queries and appointment requests to the call centre number in Jeddah on +966122908248 and for Riyadh on 0114826166. For more information, applicants can also access the website via http://www.malaysiavisa-osc.com.my

Commenting on the launch, Mr. Vinay Malhotra, Regional Group COO for Middle East, South Asia & China, VFS Global, said, It is an honour to launch two new one- stop centres that will provide travellers to Malaysia from the KSA an all-encompassing and professionally managed visa processing services. With the growth in trade and tourism between Malaysia and the KSA, we are confident that the new centres will be able to meet the rising volumes of applicants aspiring to travel to Malaysia.

In KSA, VFS Global currently provides visa application processing services on behalf of 21 client governments, since commencing operations in the country in 2007.

Services at the new Malaysia one-stop centres are intuitively designed to facilitate quicker and more streamlined visa application submission processes. The centres, managed by professionally trained and courteous staff, will provide services for extended working hours as compared to the previous ones, ensuring an enhanced customer experience.

Some of the key features of the centres include convenience in terms of location, automated queue governance for smooth flow of applicants, photo copy and photo booth facilities, SMS and courier return delivery services, helpline and email support and a dedicated website for easy access to information including visa categories, requirements, check-list and applicable fees. Apart from these, VFS Global staff is well trained in 100% secure handling of passports, documents and personal information.

Click here to view pictures: http://www.vfsglobal.com/news_events/events.asp

Malaysia One-stop Centres:

Riyadh: 1st floor, Dove Plaza (Hyper Panda), Omm Al Hamam street, Omm Al Hamam, KSA

Jeddah: TasHeel Commercial Plaza , Ground Floor – Suwaid Bin Sakher Street, Off Jundub Bin Kaab Street (Off Prince Sultan Street), Al Mohammadiyah District 1, KSA

Helpline Riyadh: 0114-826-166

Helpline Jeddah: +966 12 290 8248

Website: http://www.malaysiavisa-osc.com.my

Business hours: 0900 hrs. to 1700 hrs. (Sunday to Thursday)

Submission Timings: 0900 hrs. – 1200 hrs. | (Sun to Thurs) (except holidays as declared by the Embassy/Consulate)

Passport Collection: 1500 hrs. – 1700 hrs. | (Sun to Thurs) (except holidays as declared by the Embassy/Consulate)

*VFS Global will be responsible only for accepting applications for the Embassy of Malaysia in Riyadh and the Consulate General of Malaysia in Jeddah. All applications submitted will continue to be assessed and processed by the Embassy and the Consulate. Timelines for turnaround of visas are as per the discretion of the Embassy/Consulate.

About VFS Global:

VFS Global is the world’s largest outsourcing and technology services specialist for governments and diplomatic missions worldwide. With 2587 Application Centres, operations in 137 countries across five continents and over 167 million applications processed as on 31 March 2018, VFS Global is the trusted partner of 58 client governments. VFS Global’s worldwide operations are certified ISO 9001:2008 for Quality Management System, ISO 27001:2013 for Information Security Management System and ISO 14001:2004 for Environmental Management System. For more information, please visit http://www.vfsglobal.com

Media Contact:
Peter Brun
PeterB@vfsglobal.com
Source: VFS Global

GCL-Poly Establishes 20GW Joint Venture Using CCZ Technology

Your inability cannot see my ability, punch-line of the fashion showcase by Nauman Arfeen at Fashion Pakistan Week – Spring Summer Edition 2018.

Karachi, March 12: Special children are precious and one of us! They can do wonders for our country as a nation. If only they are given a proper platform to exhibit their capabilities and talent.

This was the message in one of the showcase in the second and final day of the Fashion Pakistan Week (FPW) which displayed the creations of our nation’s noted fashion designer, Nauman Arfeen.

The gem of the day was the impressive walk of the special Olympians who walked for Nauman Arfeen, flaunting their medals and winning applause of the overwhelmed audience for these unsung heroes of Pakistan.

This brave display of courage and dedication stressed the need to give the required platform to the special Olympians at governmental level.

The show was made a big success due to the cooperation, leadership and dedication of Ronak Lakhani, chairperson Special Olympics Pakistan whose great role made it all possible and to highlight the achievements of our nation’s pride, the special child Olympians.

About Special Olympics

Special Olympics is the world’s largest sports organization for children and adults with intellectual disabilities, providing year-round training and competitions to athletes and Unified Sports partners in nearly 172 countries. Their headquarters in Karachi, Pakistan is chaired by Ms. Ronak Lakhani who is awarded with the Sitara-e-Imtiaz in recognition of her selfless services to differently-abled persons.

About Nauman Arfeen

Nauman Arfeen is a name famous for his fashion designing skills. He caters all genders and all ages. His exquisite, unique and intricate designs are not only recognized in Pakistan but also all across the globe. His turbans are traditionally hand wrapped and the crowning glory of his brand. A groom is incomplete without his sherwani. Women swear is blooming with time and his attires are to drool over. Even the kids are dressed to perfection by Nauman Arfeen.