Q9 launches YIELD, Dual Cryptocurrency Products

High yielding, short maturity crypto products with up to 200% APY on BTC, ETH and USDC

HONG KONG, Jan. 19, 2022 /PRNewswire/ — Q9 Capital, a crypto investment platform for individuals and institutions, today announced the launch of YIELD allowing clients to monetise their market view on crypto and earn attractive premiums.

YIELD provides clients with an easy way to enter the market within their preferred parameters in exchange for a premium.

Often known as dual currency products (DCPs), these investments provide unique and customisable contracts where investors decide their preferred strike price, yield and maturity period at inception. Investors benefit from knowing their yield upfront with a pre-determined premium, and depending on whether the market price is above or below your strike price at maturity, they receive their proceeds in BTC or USDC. Yields typically range from 40% to 200% APR and can be rolled at maturity.

With interest rates on traditional bank deposits close to zero, investors are now increasingly looking for yield elsewhere in alternative asset classes like cryptocurrencies.

Launched in early 2021, Q9 has now developed one of the broadest product sets in crypto globally. The addition of DCIs further expands and complements Q9’s integrated offering which includes Spot and Leveraged Trading, Custody and Earn.

James Quinn, Managing Partner of Q9, elaborates, “YIELD is a major building block in the development of the Q9 platform. We are incredibly excited to expand our suite of innovative crypto products and 2022 is promising to be a strong year of growth for the platform on the back of this launch”.

DCIs are a non-principal protected structured product with an enhanced yield involving two different cryptocurrencies. Upon subscription, you select the underlying crypto asset, subscription amount, yield and delivery date. Your return will be denominated in the deposit currency or alternate currency, depending on market conditions.

Q9 YIELD is available to international investors and there is no minimum commitment for account opening. For residents of Hong Kong these products are only available for accredited investors.

About Q9 Capital

Q9 Capital is a full-service crypto investment platform for individuals and institutions. We combine innovative products and personalised service to deliver a simple and safe solution for crypto investing. Our best in class products, performance analytics and systematic investment offerings provide investors with the tools they need to accumulate assets, maximize returns and generate income from their crypto investments.

Oil rises to 7-year high as Turkey outage adds to tight supply outlook

Published by
Reuters

By Sonali Paul and Roslan Khasawneh SINGAPORE (Reuters) -Oil prices rose for a fourth day to a seven-year high as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates. Brent crude futures rose $1.04, or 1.2%, to $88.55 a barrel at 0351 GMT, adding to a 1.2% jump in the previous session. The benchmark contract climbed to as much as $89.05, its highest since Oct. 13, 2014. U.S. West Texas Intermediate (WTI) crude futures climbed $1.15, or 1.4%, to $86.58 a barrel, adding to… Continue reading “Oil rises to 7-year high as Turkey outage adds to tight supply outlook”

Miami International Holdings Reports Trading Results for December and Full-Year 2021; MIAX Exchange Group Sets Multiple Volume and Market Share Records

PRINCETON, N.J., Jan. 18, 2022  /PRNewswire/ — Miami International Holdings, Inc. today reported December and 2021 full-year trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group™) and Minneapolis Grain Exchange (MGEX™) with multiple market share and volume records reached over the course of the year.  December and full-year 2021 market share and volume milestones include:

MIAX Exchange Group

  • The MIAX Exchange Group collectively traded a record 1.34 billion multi-listed options contracts in 2021, a 61.8% increase from 2020 and representing an average daily volume (ADV) of 5,309,972 contracts.
  • Total multi-list options contract in December 2021 totaled 113.0 million contracts, representing a market share of 14.22% and a 42.4% increase from December 2020.
  • Total U.S. multi-listed options market share reached a record 14.29% in 2021, 248 basis points higher than the 11.81% market share in 2020 and representing a 21.0% increase in market share.
  • All three MIAX options exchanges reported record annual multi-list option volume totals in 2021, with MIAX Options reporting volume of 522.6 million contracts, a 58.3% increase; MIAX Pearl, 427.0 million contracts, a 45.5% increase; and MIAX Emerald, 388.6 million contracts, a 90.7% increase.
  • MIAX Emerald reported a new annual market share record in 2021, accounting for 4.15% of total industry multi-list option volume.

MIAX Pearl Equities™

  • MIAX Pearl Equities™ reported record volume of 11.07 billion shares in 2021, as compared to 349.8 million shares in 2020 (MIAX Pearl Equities launched in September, 2020).
  • MIAX Pearl equities reported both a monthly volume record of 1.94 billion shares and a market share record of 0.81% in December of 2021.
  • MIAX Pearl Equities volume reached a record daily volume of 161.2 million shares on December 3, 2021, which also represented a daily record market share of 1.15%.

Minneapolis Grain Exchange

  • MGEX reported record volume of 3,873,016 futures and options contracts in 2021, an increase of 40.0% from 2020.
  • Hard Red Spring Wheat trading set annual records in both futures and options, with total volume of 2,997,693 and 123,079 contracts, respectively in 2021.
  • SPIKES® Futures volume totaled 752,240 contracts in 2021, after MIAX received approval from the U.S. Securities and Exchange Commission to relaunch SPIKES Futures in December 2020.  New trading incentives enacted on July 1, 2021 contributed to volume totals in the second half of 2021, with 741,819 contracts traded, compared to 10,421 contracts traded in the first half of 2021. ADV for SPIKES® Futures in the second half of 2021 was 5,795 contracts, compared to 84 contracts in the first half of 2021.

Additional MIAX Exchange Group volume records are highlighted in the tables included below.

Multi-Listed Options Trading Volume for

 MIAX Exchange Group, Current Month

Year-to-Date Comparison
Multi-Listed Options Contracts Dec-21 Dec-20 % Chg Nov-21 % Chg Dec-21 Dec-20 % Chg
Trading Days 22 22 21 252 253
U.S. Equity Options Industry 794,555,696 719,646,140 10.4% 898,166,403 -11.5% 9,366,823,566 7,004,304,148 33.7%
MIAX Exchange Group 113,005,405 79,347,042 42.4% 124,657,770 -9.3% 1,338,112,960 827,187,596 61.8%
MIAX Options 42,812,426 31,200,513 37.2% 50,452,313 -15.1% 522,549,941 330,036,680 58.3%
MIAX Pearl 31,633,894 22,347,253 41.6% 34,378,589 -8.0% 427,001,176 293,410,388 45.5%
MIAX Emerald 38,559,085 25,799,276 49.5% 39,826,868 -3.2% 388,561,843 203,740,528 90.7%
Multi-Listed Options ADV Dec-21 Dec-20 % Chg Nov-21 % Chg Dec-21 Dec-20 % Chg
U.S. Multi-Listed Options Industry 36,116,168 32,711,188 10.4% 42,769,829 -15.6% 37,169,935 27,684,997 34.3%
MIAX Exchange Group 5,136,609 3,606,684 42.4% 5,936,084 -13.5% 5,309,972 3,269,516 62.4%
MIAX 1,946,019 1,418,205 37.2% 2,402,491 -19.0% 2,073,611 1,304,493 59.0%
MIAX Pearl 1,437,904 1,015,784 41.6% 1,637,076 -12.2% 1,694,449 1,159,725 46.1%
MIAX Emerald 1,752,686 1,172,694 49.5% 1,896,518 -7.6% 1,541,912 805,299 91.5%
Multi-Listed Options Market Share for

MIAX Exchange Group, Current Month

Year-to-Date Comparison
Multi-Listed Options Market Share Dec-21 Dec-20 % Chg Nov-21 % Chg Dec-21 Dec-20 % Chg
MIAX Exchange Group 14.22% 11.03% 29.0% 13.88% 2.5% 14.29% 11.81% 21.0%
MIAX 5.39% 4.34% 24.3% 5.62% -4.1% 5.58% 4.71% 18.4%
MIAX Pearl 3.98% 3.11% 28.2% 3.83% 4.0% 4.56% 4.19% 8.8%
MIAX Emerald 4.85% 3.58% 35.4% 4.43% 9.4% 4.15% 2.91% 42.6%
Equities Trading Volume for

MIAX Pearl Equities, Current Month

Year-to-Date Comparison
Equities Shares (millions) Dec-21 Dec-20 % Chg Nov-21 % Chg Dec-21 Dec-20 % Chg
Trading Days 22 22 21 252 NM
U.S. Equities Volume – Industry 238,596 240,220 -0.7% 233,151 2.3% 2,869,009 NM NM
MIAX Pearl Volume 1,940 268 NM 1,610 20.5% 11,066 NM NM
MIAX Pearl ADV 88 12 NM 77 15.0% 44 NM NM
MIAX Pearl Market Share 0.81% 0.11% NM 0.69% 17.7% 0.39% NM NM
NM – Not meaningful
Futures & Options Trading Volume for

MGEX, Current Month

Year-to-Date Comparison
Futures & Options Contracts Dec-21 Dec-20 % Chg Nov-21 % Chg Dec-21 Dec-20 % Chg
Trading Days 22 22 21 252 253
MGEX Volume 215,062 211,067 1.9% 420,826 -48.9% 3,873,016 2,766,442 40.0%
MGEX ADV 9,776 9,594 1.9% 20,039 -51.2% 15,369 10,935 40.6%

2021 Market Share and Volume Records:

miax MIAX Exchange Group Options Records
Single Day Market Share 16.82% August 6, 2021
Volume 8,126,083 March 5, 2021
Monthly Market Share 15.53% July 2021
Volume 127,701,099 June 2021
Annual Market Share 14.29% 2021
Volume 1,388,112,960 2021
miax
Options
MIAX Options Records
Single Day Volume 3,203,327 November 5, 2021
Monthly Volume 55,410,315 June 2021
Annual Volume 522,549,941 2021

 

 

 

miax
Pearl Options
MIAX Pearl Options Records
Single Day Market Share 6.92% March 5, 2021
Volume 3,506,013 March 5, 2021
Monthly Market Share 6.09% March 2021
Volume 52,194,814 March 2021
Annual Volume 427,001,176 2021
 miax
Emerald
MIAX Emerald Options Records
Single Day Market Share 6.92% July 29, 2021
Volume 3,392,372 January 27, 2021
Monthly Market Share 5.49% August 2021
Volume 41,821,523 August 2021
Annual Market Share 4.15% 2021
Volume 388,561,843 2021
 miax
Pearl Equities
MIAX Pearl Equity Records
Single Day Market Share 1.15% December 3, 2021
Volume 161,173,623 December 3, 2021
Monthly Market Share 0.81% December 2021
Volume 1,940,287,963 December 2021
Annual Market Share 0.39% 2021
Volume 11,066,336,629 2021

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 Bermuda Stock Exchange (BSX).

MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission (SEC) that leverage MIAX’s industry-leading technology and infrastructure to provide U.S. listed options trading to their member firms. 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). In addition to options, MIAX Pearl facilitates the trading of cash equities through MIAX Pearl Equities™.

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, BRIXX Commercial Real Estate 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 leading electronic international securities market regulated by the Bermuda Monetary Authority (BMA) specializing in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities. A full member of the World Federation of Exchanges and affiliate member of the International Organization of Securities Commissions, BSX is globally recognized, including by the SEC.

MIAX’s executive offices and National Operations Center are located in Princeton, NJ, 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.

Media Contact:
Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091
anybo@miami-holdings.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. 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. The Company disclaims any obligation to update any forward-looking statements, except as required by law.

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.

Logo – https://mma.prnewswire.com/media/1396492/MIAX_Logo.jpg

UK premier announces end of most COVID-19 restrictions in England

British Prime Minister Boris Johnson announced on Wednesday that most coronavirus restrictions in England will be scrapped next week as the omicron wave seems to have peaked.

Current restrictions, known as Plan B, will expire on Jan. 27, meaning mandatory mask-wearing and COVID-19 status certification will end. Working from home guidance, however, has ended “from now.”

“In the country at large, we will continue to suggest the use of face coverings in enclosed or crowded places, particularly where you come into contact with people you don’t normally meet,” he told the House of Commons. “But we will trust the judgement of the British people and no longer criminalize anyone who chooses not to wear one.”

From March 24, there will also likely be no legal requirement to self-isolate if one tests positive for COVID-19.

“As Covid becomes endemic, we will need to replace legal requirements with advice and guidance, urging people with the virus to be careful and considerate of others,” he said. “The self-isolation regulations expire on March 24, at which point I very much expect not to renew them.”

He, however, noted that “omicron is not a mild disease for everyone — and especially if you’re not vaccinated.”

Johnson urged lawmakers “to do everything possible to encourage any remaining constituents who have not done so — to get boosted now.”

Opposition Labour Party leader Sir Keir Starmer said he would back the proposed easing of restrictions, but only if the science said it was safe and that “he’s acting to protect their health, not just his job.”

The announcement came as pressure continues to mount over alleged rule-breaking lockdown parties in Downing Street.

Just before the Prime Minister’s Questions, Bury South MP Christian Wakeford defected from the Conservatives to Labour.

Source: Anadolu Agency

Belgian court convicts human trafficking kingpin to 15 years in jail

BRUSSELS (AA) – A Belgian court on Wednesday sentenced a human trafficking network’s ringleader to 15 years in prison for the deaths of 39 Vietnamese migrants found in a refrigerator truck.

The Court of Bruges convicted Vietnamese Vo Van Hong to 15 years in prison and fined him €920,000 (approximately $1,042,000) for his role in the migrant trafficking that resulted in the deaths of 39 Vietnamese people in 2019, Belgian daily Le Soir reported.

The victims, who were attempting to enter the UK illegally with the help of a human traffickers network, were found dead in a refrigerator truck in an industrial zone outside London, suffering from hypothermia and a lack of oxygen.

Hong was established as the ringleader, overseeing criminal activities from Belgium’s capital, Brussels, according to the inquiry.

Between 2018 and 2020, he facilitated the trafficking of at least 115 people to the UK.

The network had two hideouts in Brussels, where at least 15 of the victims had been sheltering before taking the truck from the Belgian port town of Zeebruges to the UK.

The court also convicted 22 other members of the criminal gang.

Source: Anadolu Agency

Canada sees 30-year high inflation in December

Annual inflation in Canada hit its highest level in 30 years in December at 4.8%.

Supply chain issues were the main contributor to the rise, according to StatCan, the country’s official statistical agency.

The rate was 4.7% in the previous month, while monthly inflation was 0.1% in December after 0.2% in November.

Grocery prices continued to climb in December but durable goods prices saw a faster pace.

Germany and the UK’s inflation figures also hit 30-year high levels on Wednesday.

Source: Anadolu Agency

US university agrees to pay $490M to settle sex abuse claims

The University of Michigan announced Wednesday that it reached a $490 million settlement with more than 1,000 people who alleged a former athletics team doctor sexually abused them.

The sexual misconduct dates to the 1970s and is focused on Robert Anderson, whom about 1,050 claimants said molested them during physical examinations, some of which were required to participate in team athletics. Survivors include two-time Super Bowl champion Dwight Hicks and Andy Hrovat, a world-class wrestler who competed in the 2008 Olympics.

Anderson, the disgraced athletic physician, died in 2008 after working for the school from 1966 to 2003.

The agreement is subject to approval by the university’s Board of Regents as well as at least 98% of claimants and a US court.

Of the total $490 million settlement, $460 would be made available to claimants while $30 million would be reserved for future victims who step forward, the school said in a statement.

It added that the university will have no role in the distribution of the settlement, saying that will be determined by claimants and their attorneys.

“We hope this settlement will begin the healing process for survivors,” said Jordan Acker, the chair of the Board of Regents. “At the same time, the work that began two years ago, when the first brave survivors came forward, will continue.”

Anderson was never prosecuted for any wrongdoing and the school announced in 2020 that it was investigating the former physician. It asked victims to come forward following a then-secret probe that had spanned more than a year, according to the New York Times.

More than 100 survivors came forward in the two weeks after the university made its public appeal.

Source: Anadolu Agency

Swiss prosecutor’s office launches case over banner targeting Turkish president

Swiss prosecutors launched a case Tuesday against four people over a banner targeting Turkiye’s president at a rally held in 2017.

Ahead of a constitutional referendum in Turkiye, a protest rally against the Turkish government was held in the Swiss capital Bern, during which some demonstrators carried a banner featuring an image of President Recep Tayyip Erdogan with the words “Kill Erdogan with his own weapons” and a gun being pointed at his head. The Swiss police did not intervene.

The rally was organized in Parliament Square in front of the federal parliament building by extreme left groups in the country and by sympathizers of the PKK and YPG terrorist organizations and far-left terror group DHKP-C.

Prosecutors at the time opened a probe for “alleged public provocation of crimes or violence,” and an investigation was also opened in Turkiye.

The prosecutor’s office did not share the indictment it prepared against the four suspects with the press on the grounds of protecting their privacy.

In the case, in which the Swiss press showed interest, members of the press were made to sign a document at the entrance of the court stating they would not publish any information about the suspects.

Swiss police also adopted extensive security measures inside and outside the court. A small group that came to support the suspects demonstrated in front of the court building.

The Turkish foreign minister had demanded that Switzerland and other countries either take measures against PKK terrorists or extradite them to Turkiye.

Although the PKK is listed as a terrorist organization by Turkiye, the US and the European Union, it is not listed as one in Switzerland.

Source: Anadolu Agency

France calls on EU to define its own security doctrine vis-a-vis Russia

French President Emmanuel Macron urged EU countries on Wednesday to define the bloc’s “own doctrine of security” and discuss it with Russia.

“In the next few weeks, we must build a European proposal on order and principles-based security, share it with our allies in NATO, and then submit it to discussion with Russia,” Macron said during a plenary session of the European Parliament in Strasbourg, France.

Macron attended the plenary to present and discuss with EU lawmakers the priorities of the French government, which will chair the meetings of EU ministers at the Council of the European Union for the next six months.

He stressed that France, as president of the Council, wants to finalize the discussions “defining the doctrine of our own security.”

“The end of the rule of law is the beginning of authoritarianism,” he said, warning that “various authoritarian powers on our borders” are taking a fight against democratic values and “it is affecting many of our countries.”

According to Macron, the rules-based European interpretation of security must encompass the principles that Russia signed up to 30 years ago, such as the rejection of spheres of influence, territorial integrity of states, the inviolability of borders, and states’ freedom to choose alliances.

He said France, along with Germany, would continue talks with Russia in the so-called Normandy format to ensure the implementation of the Minsk Agreements meant to establish a cease-fire in eastern Ukraine.

His remarks came days after key diplomatic engagements between Russia and Western countries on European security arrangements, including the situation in Ukraine.

In his speech, Macron also proposed a new alliance for Africa that would provide an “economic and financial deal” for the continent, ensure cooperation on health, climate protection, and the fight against human trafficking and illegal migration.

He said the bloc has to make clear its “relations with the Western Balkan countries and give them a clear perspective of accession to the European Union.”

Source: Anadolu Agency