Miami International Holdings, Inc. (MIH), the parent holding company of the MIAX®, MIAX PEARL® and MIAX Emerald® (together, the MIAX Exchange Group™), and Vesica Technologies (“Vesica”), an innovative financial technology company whose products and services make financial data more accessible to individuals, today announced a strategic partnership and that MIH has completed an equity investment in Vesica Technologies.
Through the strategic partnership, Vesica’s SHIFT SearchSM (SHIFT) will be made available for options and equities data through the MIAX Exchange Group’s website, and will be accessible by any user, free of charge. SHIFT SearchSM will enable everyone to get a better understanding of institutional market flow.
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. Now, in collaboration with MIH, anyone from seasoned professionals like brokers and analysts to retail traders with less experience can access this institutional-grade data free of charge.
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“We are excited to be partnering with Vesica and offering their SHIFT Search technology to our stakeholders,” said Thomas P. Gallagher, Chairman and CEO of MIH. “They have developed a tremendous search product that makes financial data more readily available and easier to leverage to drive informed decision-making. We hope that all traders will take advantage of this free product offering and immediately notice the benefits of using SHIFT Search for their market analysis needs.”
“We’ve entered a new era in which the incoming class of professional traders are used to a more modern user experience, and retail traders don’t have the data to see what’s happening in the market the way that professionals do,” said Saad Hussain, Founder and CEO of Vesica. “Efficiency is the most important currency in finance and we’ve designed a platform that pays that off. Working with a forward-thinking institution like MIH will help everyone make better decisions by giving them immediate access to the most useful information.”
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