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MIAX and Vesica Advance Strategic PartnershipMIAX's Parent Holding Company Completes Follow-on Investment in Vesica Technologies and Parties Finalize License Agreement for Options and Equities Data Analytics PRINCETON, N.J. and LOS ANGELES, April 12, 2021 /PRNewswire/ -- Miami International Holdings (MIH), the parent holding company of MIAX®, and Vesica Technologies (Vesica), a trading analytics startup making financial data more accessible to individuals, today announced that MIH has completed a follow-on equity investment in Vesica and the finalization of their licensing agreement. The parties previously announced MIH's initial investment and partnership in late 2020. As part of the license agreement, Vesica's SHIFT SearchSM (SHIFT) platform will be made available for options and equities data through the MIAX website, www.MIAXOptions.com. The first phase of SHIFT for options data is now live and accessible via the MIAX website. "We are pleased to complete our follow-on investment and excited to be launching SHIFT on our website to make financial data more transparent and readily available to all users," said Thomas P. Gallagher, Chairman and CEO of MIH. "This is a big win for investors, as users who access SHIFT through the MIAX website will be able to use the tool free of charge at this time, giving investors a better understanding of institutional market flow. Vesica Founder and CEO Saad Hussain has assembled a great team and search platform at Vesica, and we are eager to continue collaborating on a variety of projects that we anticipate will accelerate growth for both companies." Designed and developed by Vesica, SHIFT provides information on daily market movements, volatility, and major trades, giving traders a "front page view" of financial markets. Users who enter the SHIFT platform via the MIAX website will be able to access the tool, which provides institutional-grade data, free of charge at this time. "We thank MIH for its additional investment and continued vote of confidence in Vesica, our team and our technology," commented Mr. Hussain. "Our partnership with MIH represents a very unique opportunity for Vesica. By aligning with a diversified, multi-asset exchange group and one of the most recognizable names in the exchange industry, we will be able to bolster our business and expand SHIFT's addressable market. Together, we will help investors make better decisions by giving them immediate access to useful financial information." "Whether it's seasoned professionals like brokers and analysts or retail traders with less experience, transparent markets are critical and highly beneficial to our customers and our industry as a whole," said John Sollen, EVP and Head of Exchange Traded Products and Strategic Relations at MIH. "We believe allowing all users access to institutional-grade data is a much needed step in the right direction for our industry and we have found the right partner in Vesica." For further information regarding MIAX, please visit www.MIAXOptions.com or contact MIAX Trading Operations at [email protected]. For further information regarding Vesica, please visit https://www.vesicatech.com/. Corporate Communications Contacts: MIAX Natalie Kay, Karma Agency Vesica About MIAX The MIAX, MIAX Pearl and MIAX Emerald options exchanges leverage MIAX's industry-leading technology and infrastructure to provide their member firms with traditional pricing and pro rata allocation (MIAX), maker-taker pricing and price-time allocation (MIAX Pearl) market structures, and a hybrid market structure with maker-taker pricing and pro rata allocation (MIAX Emerald). 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). Under MIAX Pearl's exchange license, MIAX Pearl Equities™ provides its members with best-in-class performance through a combination of high determinism, low latency and high throughput. MIAX Pearl Equities has maker-taker pricing and a price-time allocation model. MIAX's executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL. To learn more visit www.MIAXOptions.com. About Vesica Vesica Technologies is based in sunny Los Angeles, CA. To learn more about Vesica Technologies visit www.vesicatech.com Disclaimer and Cautionary Note Regarding Forward-Looking Statements All third-party trademarks (including logos and icons) referenced by the Company or Vesica remain the property of their respective owners. Unless specifically identified as such, the Company's or Vesica's use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company or Vesica. Any references by the Company or Vesica 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. Logo - https://mma.prnewswire.com/media/1396492/MIAX_Logo.jpg |