Fintech PR
MIAX Receives Editors’ Choice Award for Outstanding Futures and Options Trading Venue at The Trade’s Leaders in Trading Awards 2024
MIAMI and PRINCETON, N.J., Nov. 21, 2024 /PRNewswire/ — Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today announced that its MIAX® exchange received the Editors’ Choice Award for “Outstanding Futures and Options Trading Venue” at The Trade’s Leaders in Trading Awards 2024.
“We are honored MIAX has been recognized as the Outstanding Futures and Options Trading Venue among a distinguished group of nominees,” said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH. “This recognition is a testament to the talent and dedication of our most important asset, our people. We remain committed to delivering state-of-the-art trading technology to our customers across options, futures and other asset segments in 2025 and beyond.”
“2024 has been a pivotal year for MIAX, with the launch of MIAX Sapphire™, our fourth U.S. options exchange, and continued development of MIAX Futures™ Onyx, our new matching engine for MIAX Futures Exchange,” said Douglas M. Schafer, Jr., Executive Vice President and Chief Information Officer of MIH. “Starting with the launch of our first exchange in 2012, our MIAX exchanges have collectively delivered 99.9998% operational uptime to-date, which represents a validation of our rigorous development process and relentless focus on providing our clients trading platforms designed to support the high performance quoting demands of the U.S. options industry.”
The Leaders in Trading Awards for North America acknowledges the biggest achievers in The Trade’s Algorithmic Trading, Execution Management and Outsourced Trading surveys, as well as honoring top desks and traders in its coveted Buy-Side Awards and other market players in the Editors’ Choice categories.
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®), MIAX Sapphire LLC (MIAX Sapphire™), MIAX Futures Exchange, LLC (MIAX Futures™), MIAX Derivatives Exchange (MIAXdx™), The Bermuda Stock Exchange (BSX) and Dorman Trading, LLC (Dorman Trading).
MIAX, MIAX Pearl, MIAX Emerald and MIAX Sapphire are national securities exchanges registered with the Securities and Exchange Commission that are enabled by MIAX’s in-house built, proprietary technology. MIAX offers trading of options on all four 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 Futures 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. MIAX Futures is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM and DCO services in an array of asset classes.
MIAXdx is a CFTC regulated exchange and clearinghouse and is registered as a Designated Contract Market (DCM), Derivatives Clearing Organization (DCO), and Swap Execution Facility (SEF) with the CFTC.
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 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 U.S. offices located in Chicago, IL and Miami, FL. MIAX Futures offices are located in Minneapolis, MN. MIAXdx offices are located in Princeton, N.J. BSX offices are located in Hamilton, Bermuda. Dorman Trading offices are located in Chicago, IL.
To learn more about MIAX visit www.miaxglobal.com.
To learn more about MIAX Futures visit www.miaxglobal.com/miax-futures.
To learn more about MIAXdx visit www.miaxdx.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
[email protected]
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The fintech landscape continues to redefine itself, driven by innovation, partnerships, and groundbreaking strategies. Today’s roundup focuses on the latest digital wallet offerings, evolving payment trends, strategic collaborations, and notable funding achievements. This editorial explores the broader implications of these developments, casting light on how they shape the future of fintech and beyond.
Beacon’s Digital Wallet for Immigrants: A Gateway to Financial Inclusion
Beacon Financial, a leading player in financial technology, recently launched a digital wallet tailored to meet the unique needs of immigrants moving to Canada. This offering bridges a critical gap, enabling seamless financial integration for newcomers navigating a foreign system.
By combining intuitive technology with user-centric features, Beacon aims to empower immigrants with tools for payments, savings, and remittances. This aligns with the growing demand for tailored financial products that resonate with specific demographics.
Op-Ed Insight:
Financial inclusion is more than just a buzzword; it’s a moral imperative in the fintech space. Products like Beacon’s digital wallet highlight the industry’s potential to create tangible change. As global migration trends increase, such offerings could inspire similar initiatives worldwide.
Source: Fintech Futures.
Juniper Research Highlights 2025’s Payment Trends
Juniper Research’s latest report unveils pivotal payment trends poised to dominate in 2025. Central themes include the adoption of instant payment networks, a surge in embedded finance solutions, and the rise of crypto-backed financial products.
The research underscores the rapid adoption of real-time payment systems, fueled by increasing consumer demand for speed and efficiency. Meanwhile, embedded finance promises to blur the lines between traditional banking and non-financial services, delivering personalized and context-specific solutions.
Op-Ed Insight:
As the lines between financial services and technology continue to blur, these trends emphasize the industry’s shift toward convenience and personalization. The growing role of crypto-based solutions reflects an evolving consumer mindset, where decentralization and digital-first experiences gain precedence.
Source: Juniper Research.
MeaWallet and Integrated Finance Partner to Revolutionize Digital Wallets
MeaWallet, a prominent fintech solutions provider, has partnered with Integrated Finance to advance digital wallet capabilities and secure card data access for fintech companies. This collaboration focuses on empowering fintechs to deliver better, safer digital payment experiences.
MeaWallet’s role as a technology enabler aligns seamlessly with Integrated Finance’s goal of simplifying complex financial infrastructures. Together, they aim to create scalable, robust platforms for secure payment solutions.
Op-Ed Insight:
Partnerships like this underscore the importance of collaboration in driving innovation. As security concerns grow in tandem with digital payment adoption, solutions addressing these challenges are essential for maintaining consumer trust. The fintech ecosystem thrives when synergy and innovation coalesce.
Source: MeaWallet News.
Nucleus Security Among Deloitte’s Fastest-Growing Companies
Nucleus Security has achieved a remarkable milestone, ranking 85th on Deloitte’s 2024 Technology Fast 500 list. This achievement is attributed to its robust cybersecurity solutions, which cater to the increasingly digital fintech environment.
With cyberattacks becoming more sophisticated, fintech companies are under immense pressure to safeguard their platforms. Nucleus Security’s growth reflects the rising demand for comprehensive, scalable security solutions that protect sensitive financial data.
Op-Ed Insight:
In a digital-first world, robust cybersecurity isn’t optional—it’s fundamental. The recognition of companies like Nucleus Security signals the growing importance of protecting fintech infrastructure as the industry scales globally.
Source: PR Newswire.
OpenYield Secures Funding to Transform the Bond Market
OpenYield has announced a successful funding round, aiming to revolutionize the bond market through innovative technology. The platform promises greater transparency, efficiency, and accessibility in fixed-income investments.
This funding underscores the growing appetite for digitizing traditionally opaque financial markets. By leveraging cutting-edge technology, OpenYield seeks to democratize bond investments, making them accessible to a broader audience.
Op-Ed Insight:
The bond market, long viewed as complex and inaccessible, is ripe for disruption. OpenYield’s efforts to modernize this space highlight fintech’s transformative potential to democratize finance and empower individual investors.
Source: PR Newswire.
Key Takeaways: Shaping the Future of Fintech
Today’s developments underscore several critical themes in the fintech landscape:
- Personalization and Inclusion: Products like Beacon’s wallet highlight the importance of understanding and addressing specific user needs.
- Collaborative Ecosystems: Partnerships, like that of MeaWallet and Integrated Finance, emphasize the power of collaboration in solving industry challenges.
- Emerging Technologies: Juniper Research’s predictions affirm the continued influence of blockchain, embedded finance, and instant payment networks.
- Security at the Core: The recognition of Nucleus Security underscores the essential role of cybersecurity in fintech.
- Market Transformation: OpenYield’s funding signifies the ongoing disruption of traditional financial markets, paving the way for broader accessibility.
The post Fintech Pulse: Daily Industry Brief – A Dive into Today’s Emerging Trends and Innovations appeared first on News, Events, Advertising Options.
TEL AVIV, Israel, Nov. 21, 2024 /PRNewswire/ — Israel Corporation Ltd. (TASE: ILCO) (“ILCO”) announced today its third quarter results for the period ending September 30, 2024.
|
Selected Financial Figures for the Third Quarter 2024: |
||
|
$m |
Q3/24 |
Q3/23 |
|
ILCO share in ICL profit1 |
49 |
59 |
|
Financing income, G&A and other expenses at ILCO headquarter level |
– |
(1) |
|
Tax income of ILCO Headquarters |
– |
– |
|
Net profit to company’s shareholders |
49 |
58 |
Liquidity at the ILCO Headquarters Level2
As of September 30, 2024, total financial liabilities were $722 million, and investments in liquid assets amounted to $843 million of which $313 million are pledged deposits.
Net cash1 as of September 30, 2024, totaled $84 million. The net cash includes the fair value of derivatives transactions, which increases the economic value of the financial liabilities by $37 million. As of June 30, 2024, the net cash was $64 million.
Additional updates
On March 27, 2024, ILCO Board of Directors decided on distribution of dividend at the sum of $37m, this in accordance with the company’s dividend policy announced in January 2023. The payment date was April 17, 2024.
On July 17, 2024, S&P Maalot, reaffirmed ILCO’s credit rating of ilA+/stable.
ILCO financial results of ILCO are mainly affected by the results of its investees. For more details see detailed financial report.
|
ILCO Total Assets, Net |
|
|
$m |
30/09/2024 |
|
Assets |
|
|
ICL (~567m shares, market value4) |
2,427 |
|
AKVA Group (~6.6m shares, market value4) |
35 |
|
Other5 |
11 |
|
Total Assets |
2,473 |
|
ILCO’s Net Cash |
84 |
|
Total Assets, net |
2,557 |
About Israel Corporation
Israel Corporation Ltd. (TASE: ILCO) (“ILCO”) is a reputable public investment company, which owns and invests in high quality companies with established managements and go-to markets.
In November 2019, ILCO announced its updated strategy, ILCO plans to expand its portfolio through new investments over the next few years. ILCO plans to focus mainly on the food (inc. tech), agriculture (inc. tech), healthcare and industry 4.0 sectors. For more details please see the following link to ILCO updated Strategy Presentation
ILCO strives to generate return on its investment through active board participations and its operational and managerial expertise.
ILCO current core holdings include c.44% stake in ICL Group (NYSE:ICL, TASE:ICL) and c.18% stake in AKVA Group (OB:AKVA). ILCO is publicly traded on the Tel Aviv Stock Exchange under the ticker ILCO and is included in the TA-35 Index.
For further information on ILCO, see ILCO’s publicly available filings, which can be found on the Tel Aviv Stock Exchange website at http://maya.tase.co.il.
Please also see ILCO company website http://www.israelcorp.com for additional information.
Convenience Translation
The financial information found in this press release is an English summary based on the original Hebrew financial statements and is solely for the convenience of the reader. The binding version is the original in Hebrew.
Forward Looking Statements
This press release may contain forward-looking statements, which may not materialize and are subject to risks and uncertainties that are not under the control of ILCO, which may cause actual results to differ materially from those contained in the disclosures.
Investor Relations Contact
Idan Hizki
Vice President, Business Development & Investor Relations
Tel: +972 3 684 4500
[email protected]
1. Amortization of excess cost
2. Israel Corp and its wholly owned and controlled headquarter companies.
3. Following the end of the quarter, $6m were np longer pledged
4. As of September 30, 2024
5. Includes 1.508m shares in Nordic Aqua Partners (OB:NOAP), after the end of the quarter NOAP successfully completed a financing round of ~NOK 366m, in which ILCO participated slightly above its pro-rata share ending with total shares of 1.98m.
View original content:https://www.prnewswire.co.uk/news-releases/israel-corp-reports-results-for-third-quarter-of-2024-302313398.html
Fintech PR
Trustero Secures $10M+ Series A Funding Led by Bright Pixel Capital to Revolutionize AI-Driven Security and Compliance
Funding to Accelerate Development of AI-Powered Governance, Risk, and Compliance (GRC) Intelligence Layer
PALO ALTO, Calif., Nov. 21, 2024 /PRNewswire/ — Trustero, a Silicon Valley innovator in AI-powered Security and Compliance, announced today the close of a $10.35 million Series A funding round led by Bright Pixel Capital (formerly Sonae IM), with participation from existing investors Engineering Capital, Zetta Ventures Partners, and Vertex Ventures US. Trustero is proving that AI can drive real revenue and operational breakthroughs in GRC, a space traditionally dominated by complex, high-cost, and manual processes.
“With Trustero, organizations no longer need to be weighed down by compliance. We offer human-quality, actionable GRC intelligence in seconds, without the high fees,” said Phillip Liu, CEO of Trustero. “The Trust Graph is our secret weapon, allowing us to ingest diverse data sources from GRC platforms, cloud providers, and more, delivering insights instantly.”
Trustero’s founder and CEO, Phillip Liu, is a visionary tech entrepreneur with a proven track record. Formerly, he founded SignalFx, a leader in cloud monitoring solutions, which was acquired by Splunk for over $1 billion. His early experience at Facebook and Opsware further distinguished him as a trusted name in Silicon Valley. Now, he turns his focus to Compliance and Security, seeing a new opportunity to revolutionize the field with AI, bringing agile, cost-effective solutions to an industry struggling with resource-intensive and manual workflows.
Since its founding in 2020, Trustero has grown significantly by helping organizations reduce compliance costs and the time commitments of their senior executives. Companies with complex compliance demands like Chassi, an AI-analytics platform, have experienced the most substantial time and cost savings. They added Trustero AI to their ISO 27001 compliance program in 2024. “For the rest of the company, the time savings was about 10-to-1. For me, it was closer to 100-to-1!” said Chassi CFO, Justin Dooley. “We also saved 75% on our internal audit costs because all the data was ready for the auditors.”
The new capital will be instrumental in driving Trustero’s development of more powerful and accurate AI for security and compliance, scaling operations, expanding market reach, and adding top-tier talent from AI engineering and GRC. Trustero has already made one executive hire since raising their Series A, bringing in George Totev as Chief Information Security Officer. He’s tasked with enhancing the company’s security capabilities and driving innovation in AI-driven GRC solutions.
George comes from Snowflake, where he led the Customer Trust team, managing 30+ certifications and customer security compliance. Previously, he built Atlassian’s Risk & Compliance function and held key roles at Visa, Goldman Sachs, Symantec, and The World Bank.
Trustero’s technology is backed by its patented Trust Graph, which delivers unprecedented speed, accuracy, and cost savings in GRC intelligence. The Trust Graph is the core engine that enables Trustero to answer complex security questions in seconds, perform gap analyses across frameworks like FedRAMP and ISO 27001, and provide powerful audits, evidence mapping, and remediation guidance. This innovation differentiates Trustero from traditional GRC programs that rely on high-cost external consultants or limited manual processes.
“Companies are overwhelmed by the growing compliance demands driven either by evolving regulations or increasing customer compliance requirements. With Trustero, compliance and security teams go beyond simple compliance automation, by having a human-like AI-advisor that interprets not only the controls but also the evidence, in a manner comparable to how a human would,” explains Daniela Coutinho, Manager at Bright Pixel Capital.
Fernando Martins, Director at Bright Pixel Capital, added, “We are excited to support such a strong team, led by an experienced and technical leader, as they enter their next growth phase.”
About Bright Pixel Capital
Bright Pixel Capital, formerly known as Sonae IM, is the technology investment arm of the multinational group Sonae. With special focus on cybersecurity, infrastructure software, retail technologies, business applications and emerging tech, it has a portfolio of more than 60 companies, from early to growth stages. Bright Pixel Capital Capital Capital acts as a partner that brings specialized know-how, global footprint, and a wealth of experience in helping companies from early stage to IPO. Find out more at brpx.com.
About Trustero
Trustero’s AI automates governance, risk, and compliance functions such as compliance audits, security questionnaires, tailored remediation guidance, and third-party risk evaluations. Founded in 2020 by Phillip Liu, Trustero is the first to bring generative AI into the GRC space, enabling organizations to achieve and maintain compliance with unmatched speed, efficiency, and accuracy. For more information, visit Trustero.
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