Day: August 16, 2022

PRINCETON, N.J., Aug. 16, 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) and The Bermuda Stock Exchange (BSX) and T3 Index today jointly announced the launch of two new ConvexityShares exchange traded funds (ETFs) developed to provide investors with access to a new product designed to manage volatility exposure.

ConvexityShares ETFs offer exposure to SPDR^® S&P 500^® ETF (SPY) volatility and track the SPIKES Futures Short-Term Index (SPKF), which uses input prices of the front two SPIKES^® Futures contracts to measure a daily rolling position to provide exposure to the front end of the SPIKES Futures curve. The ConvexityShares ETFs include the ConvexityShares 1x SPIKES Futures ETF (Ticker: SPKX) and the ConvexityShares Daily 1.5x SPIKES Futures ETF (Ticker: SPKY). Each of these ETFs will be listed for trading on NYSE Arca Inc.

“MIAX is pleased to partner with T3 Index to provide a new way to trade volatility,” said Thomas P. Gallagher, Chairman and CEO of MIH. “The launch of ConvexityShares ETFs is an important milestone for the SPIKES Volatility Products franchise, bringing much-needed competition to the marketplace and providing a powerful tool to help market participants manage risk and capitalize on changes in market volatility.”

“MIAX and T3 Index have developed a strong partnership as we developed and launched our portfolio of SPIKES Volatility Products,” said Joseph W. Ferraro III, President of MIAX Futures. “This launch expands our volatility trading ecosystem and showcases our commitment to offer new and innovative products to the trading community.”

The launch of the ConvexityShares ETFs offers traders and investors a new, alternative tool to hedge and capitalize on volatility and is an important enhancement to the current SPIKES^® Volatility Products portfolio that T3 and MIAX have jointly created since launching the SPIKES Volatility Index (Ticker: SPIKE) in 2019. The SPIKES index is a measure of the expected 30-day volatility in SPY and the basis for SPIKES Volatility Products.

“In an increasingly volatile and complex market, the launch of ConvexityShares ETFs provides more choice and opportunity in how traders hedge volatility,” said Simon Ho, CEO of T3 Index. “Both the SPIKES Volatility Index and the SPIKES Futures Short-Term Index seek to offer new indexes that are reliable, accurate and an alternative to what’s currently available for volatility traders.”

For more information about ConvexityShares and to download the prospectus, please visit www.convexityshares.com.

More information on the SPIKES index 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), and The Bermuda Stock Exchange (BSX).

MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission (SEC) that are enabled by our 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 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, SPIKES Futures and TAX 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.

MIAX’s executive offices and National Operations Center are located in Princeton, N.J., 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 BSX visit www.bsx.com.

About T3 Index

T3 Index is a research-driven financial indexing firm specializing in volatility and option benchmarking, and is the developer of the SPIKES Index. T3 Index is dedicated to creating investible, proprietary indices that track related strategies across a range of asset classes to transform the way people invest in and manage risk. For more information on T3 Index and its range of volatility, crypto and interest-rate indices, please visit www.t3index.com.

About ConvexityShares

ConvexityShares Trust (the Trust) is a Delaware statutory trust formed on April 12, 2021 and is currently organized into two separate series. The Trust is a series trust formed pursuant to the Delaware Statutory Trust Act, of which ConvexityShares Daily 1.5x SPIKES Futures ETF and ConvexityShares 1x SPIKES Futures ETF (each, a Fund and collectively, the Funds) are currently the only series. Each Fund is a commodity pool that continuously issues common shares of beneficial interest (Shares). Shares represent units of fractional undivided beneficial interest in and ownership of a series of the Trust. The Shares of each Fund are listed for trading on NYSE Arca, Inc. (NYSE Arca or the Exchange) under the ticker symbol shown above next to each Fund’s name.

Ownership or “membership” interests in the Sponsor are owned by persons referred to as “members.” T3i US Holdings Inc. (T3 Holdings) and MIAX Futures, LLC (MIAX Futures) are the members of the Sponsor. MIAX Futures and T3 Holdings own 51% and 49%, respectively, of the membership interests of the Sponsor. MIAX Futures is wholly-owned by Miami International Holdings, Inc. (MIH), which is the parent holding company of Miami International Securities Exchange, LLC (MIAX^®), MIAX PEARL, LLC (MIAX Pearl^®) and MIAX Emerald, LLC (MIAX Emerald^®), three fully electronic options trading exchanges, MIAX Pearl Equities, a fully electronic equities exchange, and Minneapolis Grain Exchange, LLC (MGEX). MIH is also the sole owner of the Bermuda Stock Exchange (BSX). T3 Holdings and T3i Pty Ltd are each wholly-owned subsidiaries of Triple Three Partners Pty Ltd and, thus, the Sponsor may be considered to be an affiliate of T3 Index.

Disclosures

This material must be preceded or accompanied by a prospectus.

For more information about ConvexityShares, and to view the Prospectus visit www.convexityshares.com.

Important Risk Information

The Funds may be highly volatile and generally are intended for short-term investment purposes only. Investors cannot directly invest in an index.

The funds are commodity pools regulated by the Commodity Futures Trading Commission. These funds are not investment companies regulated under the Investment Company Act of 1940 and are not afforded its protections. Please read the Prospectus carefully before investing.

Shares of the Funds are not insured by the Federal Deposit Insurance Corporation (FDIC), may lose value and have no bank guarantee.

The leveraged ConvexityShares ETF seeks a return that is 1.5x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ConvexityShares’ returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period.

This information must be preceded or accompanied by a prospectus. We advise you to consider the funds’ objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other important information about the funds. Please read the prospectus carefully before you invest.

The return of the leveraged fund for a period longer than a single day is the result of its return for each day compounded over the period and usually will differ in amount and possibly even direction from the leveraged funds stated goal. These differences can be significant. An investor in any of the funds could potentially lose the full principal value of his/her investment within a single day.

Futures may be affected by Backwardation: a market condition in which a futures price is lower in the distant delivery months than in the near delivery months. As a result, a fund may benefit because it would be selling more expensive contracts and buying less expensive ones on an ongoing basis; and Contango: A condition in which distant delivery prices for futures exceeds spot prices, often due to costs of storing and inuring the underlying commodity. Opposite of backwardation. As a result, a Fund’s total return may be lower than might otherwise be the case because it would be selling less expensive contracts and buying more expensive ones.

Foreside Fund Services, LLC is the Marketing Agent to the ConvexityShares SPIKES Futures ETFs.

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) or T3 Index (T3) 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 and T3 remain the property of their respective owners. Unless specifically identified as such, the Company’s and T3’s use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and either of the Company or T3. Any references by the Company and T3 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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HONG KONG, Aug. 16, 2022 /PRNewswire/ — Mecobit Solar, a global company with an emphasis on high-quality solar at an affordable price, announces product improvements to its Solar System products that power cryptocurrency miners and other existing miners. Mecobit Solar System products include a portable solar station, Solar Panel kits (complete), and Solar Unit M4000.

Mecobit solar system customers can now use backup energy during a grid outage to help keep indispensable appliances running or power things like home appliances, dryers, pool pumps, electric vehicle chargers, and even Cryptocurrency mining rigs.

Some cryptocurrencies, including Bitcoin, are created by a process called proof of work which requires computers to “mine” the currency by solving complex puzzles. Powering those computers involves large amounts of electricity. Bitcoin is infamous for wasting enough electricity to add 40 million tons of carbon dioxide to the atmosphere a year — but now, a growing cadre of miners around the world are developing green, and lucrative, new strategies worth a fortune all their own.

As the share of solar-powered hash rate seems likely to grow, many see the potential for renewable energy use in Bitcoin mining as a virtuous cycle — Mecobit provides unique incentives in Cryptocurrency mining, which propel operations to leverage the cheapest power possible and encourage more operations worldwide to convert to renewable energy sources, like solar.

As governments agree to reduce levels of carbon emissions and introduce additional incentives like investment tax credits, the share of mining operations using solar power will likely increase. And while solar power may be considered green and renewable, there are significant problems with solar, including the limits of sunlight hours and shipping costs. To help reduce shipping costs, Mecobit pays for shipping and import tariffs, enabling customers to acquire everything they need to get started with no further costs beyond the cost of the device itself.

About Mecobit
Mecobit was founded in 2015 with the goal of developing and marketing the world’s solar-powered cryptocurrency miners, which can use either Ethash, SHA-256, or Scrypt technology. The company was the first solar-powered cryptocurrency mining enterprise in the world with the goal of revolutionizing the solar panel industry by providing more power at a more affordable price. Mecobit is headquartered in London, England, and has offices in cities across the world, including Hong Kong. The company’s website, www.mecobit.com provides additional information on the company and its products.

CONTACT: Ben Lukas, ben.lukas@mecobit.com, +852-3001 1453

BEIJING, Aug. 16, 2022 /PRNewswire/ — On August 8, 2022, CCTV News joined Huawei at the Intelligent Collaboration 2022 New Product Launch, which officially released the HUAWEI IdeaHub S2 – the first ever HarmonyOS collaboration flat panel. The IdeaHub S2 is another success to add to Huawei’s portfolio of innovative, industry-leading solutions, creating better value for customers.

At the event, Sun Quan, President of Huawei Intelligent Collaboration Domain, explained how ubiquitous connectivity and intelligence are the catalyst for changing habits in our work and daily life. Based on an advanced smart office system, Huawei is able to build an effective communication and collaboration strategy for the global team.

Sun Quan said, “We hope to make the efficient, intelligent working style inclusive to everyone, not just to Huawei employees. This is our mission, and with it, we release the next-generation IdeaHub S2, the industry’s first intelligent product to run on HarmonyOS. We look forward to working with partners and customers to create more value, and bring digital to every workspace, so that everyone can enjoy a smart working style.”

The new HUAWEI IdeaHub S2 injects intelligence into all scenarios, including the workplaces, schools, and homes. It integrates a series of cutting-edge technologies, such as FHD video conferencing, Bring Your Own Meeting (BYOM), Wi-Fi 6 for direct projection, Multi-Window, and App Multiplier, making it a perfect choice to help every workspace to go digital.

All-Scenario Intelligent Meetings with High-Level Security Certification

HUAWEI IdeaHub S2 is designed based on Huawei’s accumulated expertise of professional video conferencing technologies in nearly 30 years. It provides end-to-end capabilities in video collection, coding, transmission, decoding, and display, rendering true-to-life video images for a superb FHD experience. In addition, mainstream cloud conferencing apps, such as Huawei Cloud Meeting and HUAWEI CLOUD WeLink, can be directly used on the IdeaHub S2 without an additional OPS, improving cost-effectiveness and user experience.

The product adopts a BYOM design that allows you to seamlessly transfer meetings on a mobile phone or PC to the panel, signaling the shift toward intelligent meetings.

Further, HUAWEI IdeaHub S2 is certified by the CC EAL5+, the highest security certification for commercial systems. The IdeaHub S2 provides cloud-pipe-device-chip full-link protection, including API permissions, sensitive information protection, and access recording.

Smart Office and Ecosystem of Extensive Apps

HUAWEI IdeaHub S2 adopts the new Wi-Fi Direct technology that implements one-step projection. Now, you can simply enable Wi-Fi on your device to start projection. This combines perfectly with the intelligent whiteboard with an industry-low latency of 16 ms, ensuring writing is as easy as with pen and paper.

In addition, the Multi-Window feature is supported, allowing you to effortlessly multitask, such as browse information and write on the whiteboard at the same time, boosting the working efficiency. Over 1000 apps are ready with the App Multiplier function for easy content navigation in dual windows, giving you a larger area to perform tasks. The IdeaHub S2 features six open capabilities over meeting, whiteboard, projection, user interface (UI), management, and enterprise customization, allowing quick integration for partners’ apps.

The new HUAWEI IdeaHub series offers full-stack solutions for office, education, and homes, delivering a premium, intelligent experience for any industry or environment. Apart from the next-gen IdeaHub S2, which is setting a trend for digital office transformation, the all-new IdeaHub B2 is tailored for meetings, while IdeaHub Board 2 is tailored for education. For more details about HUAWEI IdeaHub S2, please visit: https://e.huawei.com/en/products/cloud-communications/ideahub/ideahub-s2

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Validus platform also to support ACX derivatives market when launched

NEW YORK, ABU DHABI, SINGAPORE and LONDON, Aug. 16, 2022 /PRNewswire/ — Eventus, a leading global provider of multi-asset class trade surveillance and market risk solutions, and AirCarbon Exchange (ACX), the global exchange revolutionizing the Voluntary Carbon Market (VCM), today announced that ACX has selected Eventus as its partner to introduce the first comprehensive market surveillance program for the VCM, which was created to drive financing activities that reduce greenhouse gas emissions globally.

ACX will use the Eventus Validus platform for trade surveillance, transaction monitoring and anti-money laundering (AML) in its spot and forthcoming derivatives markets globally.

Due to the emerging nature of carbon credits as an asset class, markets for carbon credits currently operate without the controls of more conventional financial instruments such as commodity derivatives. ACX launched in 2019 with a vision of bringing efficiency and liquidity to these voluntary markets, as well as to increase transparency and trust to levels seen in more established markets.

Thomas McMahon, CEO and Co-Founder of ACX said: “A key principle of ACX’s vision is our decision to partner with Eventus to develop, for the first time in the history of the VCM, a comprehensive market surveillance platform to monitor prohibited activities such as market manipulation or money laundering. With trade surveillance set to go live on ACX later this year, we expect that the enhanced integrity that this provides will further open up the Voluntary Carbon Market to as broad a range of participants as possible and hence increase the necessary investment in global carbon reduction and offset programs.”

ACX undertook a “rigorous assessment process” for potential trade surveillance partners, not only considering whether the system could appropriately support ACX’s market, but also whether it would allow ACX to meet all of its regulatory requirements on an ongoing basis in the multiple jurisdictions in which it operates. As a soon-to-be fully regulated Investment Exchange by the Financial Services Regulatory Authority in the Abu Dhabi Global Market, ACX is required to operate an effective market surveillance and transaction monitoring program to identify, record, detect and prevent conduct amounting to market misconduct and/or “financial crime,” such as any attempt to breach international sanctions.

McMahon said: “Given the nascent nature and constant pace of development of the VCM, ACX required a market surveillance partner that not only provides a robust service but is agile enough to be regularly enhanced and refined as these markets grow and evolve. We identified Eventus as the partner best able to allow us to meet these requirements, particularly given the experienced team and flexibility of the Validus platform, enabling us to easily customize it to our unique requirements. Validus is also able to support both our established spot market for voluntary carbon credits, alongside the related derivative contracts that ACX intends to launch next year.”

Eventus CEO Travis Schwab said: “It’s truly exciting for us to play a role in ensuring the safety of these important markets, which can help attract liquidity as well as reinforce investor confidence. AirCarbon Exchange is leading the way – particularly in markets such as Singapore, the UAE and Africa – in establishing a robust carbon offset marketplace that can stand the test of time and grow, making a significant contribution to the future of our planet. Our deep experience in established markets, as well as more emerging exchange venues, enables us to offer ACX expertise, along with the full functionality and scalability of the Validus platform, as the exchange seeks to grow and promote further adoption of this valuable emissions-reducing tool.”

Eventus is a leading global provider of multi-asset class trade surveillance and market risk solutions. Its powerful, award-winning Validus platform is easy to deploy, customize and operate across equities, options, futures, foreign exchange (FX), fixed income and digital asset markets. Validus is proven in the most complex, high-volume and real-time environments of tier-1 banks, broker-dealers, futures commission merchants (FCMs), proprietary trading groups, market centers, buy-side institutions, energy and commodity trading firms, and regulators. The company’s rapidly growing client base relies on Validus and Eventus’ responsive support and product development teams to overcome its most pressing regulatory challenges. For more, visit  www.eventus.com.

AirCarbon Exchange (“ACX”) is a global exchange revolutionizing the voluntary carbon market. The Exchange’s client base comprises corporate entities, financial traders, carbon project developers and other industry stakeholders. ACX provides its participants with an efficient and transparent trading platform which is easy to use, frictionless and with the lowest transaction fees available on the market. Its underlying distributed ledger technology will allow the carbon market to scale efficiently to meet global ambitions of Net Zero.

ACX was recognized as the Best Carbon Exchange globally in Environmental Finance’s prestigious Voluntary Carbon Market Rankings 2021 – the largest and most closely watched survey of the world’s Voluntary Carbon Market. ACX was also named as the ‘Best Solution in Energy Trading’ by Wired UK and Publicis Sapient at their Global EnergyTech Awards, which spotlighted the companies that are ‘Winning the Race to Reinvent Energy’.

For more information or to trade carbon, please reach out to info@aircarbon.co or visit www.aircarbon.co.

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