Minneapolis, MN
Miami International Holdings Announces Timeline for Migration of Minneapolis Hard Red Spring Wheat Trading to New MIAX Futures Onyx Platform
MIAMI and PRINCETON, N.J., Jan. 23, 2025 /PRNewswire/ — Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today announced it will migrate Minneapolis Hard Red Spring Wheat (Minneapolis HRSW) futures to its MIAX Futures™ Onyx platform in Q2 2025. Minneapolis HRSW futures will continue to be available for trading on CME Globex® until the launch of MIAX Futures Onyx.
“MIAX Futures (formally Minneapolis Grain Exchange) has strong, collaborative relationships with key Minneapolis HRSW market participants dating back over a century,” said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH. “The launch of MIAX Futures Onyx represents MIH’s commitment to supporting the agricultural industry with continued investments in programs to promote liquidity, offer competitive fee schedules and develop industry-leading technology.”
The launch of MIAX Futures Onyx aligns with the strategy to build and operate all MIH’s markets on proprietary technology and will significantly expand the range of products and clearing services offered to customers. MIH is in the final phase of modernizing the MIAX Futures clearing infrastructure with new risk management capabilities, including back testing, stress testing, and support for real-time variation calculations. The launch of MIAX Futures Onyx will complete the modernization of the entire MIAX Futures trading and clearing infrastructure.
Mr. Gallagher added, “Industry feedback was critical in the design and development of MIAX Futures Onyx and we believe the new trading platform will provide the industry with a new standard for fast, reliable, and innovative capabilities when it launches later this year.”
Please visit the MIAX Futures Onyx Information Hub to access technical resources, connectivity guides and additional information on connectivity to the MIAX Futures Firm Test Bed Environment. Certain aspects of the migration of Minneapolis HRSW futures to MIAX Futures Onyx, including timelines, are subject to regulatory filings with the Commodity Futures Trading Commission.
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 SapphireTM), MIAX Futures Exchange, LLC (MIAX FuturesTM), MIAX Derivatives Exchange (MIAXdxTM), The Bermuda Stock Exchange (BSX) and Dorman Trading, LLC (Dorman Trading).
The Minneapolis City Council on Thursday voted to temporarily extend the eviction notice period for renters in an effort to help support residents impacted by Operation Metro Surge.
Under the ordinance, which was approved 7-5, landlords would need to wait 60 days — not the typical 30 — before bringing an eviction notice to a renter. If approved by Minneapolis Mayor Jacob Frey, the 60-day requirement would stay in effect until Aug. 31.
Supporters of the ordinance said Operation Metro Surge left residents out of work and relying on mutual aid networks to pay rent.
“Preventing eviction is always more cost-effective than trying to re-house someone who has been evicted,” said Council Member Robin Wonsley, who represents Ward 2.
Wonsley, alongside members Elliott Payne, Jamal Osman, Aisha Chughtai, Soren Stevenson, Jason Chavez and Aurin Chowdhury voted in favor of the resolution. Council member Jamison Whiting abstained from voting.
The city estimates Operation Metro Surge led to an additional $15.7 million in monthly need for rental support. Last month, council members approved $1 million in rental assistance for Hennepin County to help families impacted by the surge.
MANCHESTER, Iowa — A Minnesota man has been arrested in Manchester after police say he attempted to meet someone he believed was a minor for sexual activity.
The Manchester Police Department said Robert Fenn Eselby III, 23, of Minneapolis was arrested Feb. 27 following an undercover investigation.
According to police, Eselby contacted an undercover officer posing as a juvenile through several social media platforms. Authorities said he was informed multiple times that the person he was communicating with was underage.
Investigators say Eselby sent explicit photos and videos and later arranged to travel to Manchester to meet the supposed minor for sexual activity.
Police said Eselby was taken into custody immediately after arriving in Manchester and was transported to the Delaware County Jail.
Authorities also said Eselby allegedly attempted to ask an arresting officer out on a date during the booking process.
Eselby faces one count of grooming, a Class D felony, and one count of disseminating obscene material to a minor, a serious misdemeanor.
Court records show he remains presumed innocent unless proven guilty in court.
What exactly is a data center and why are so many being proposed across Minnesota? Professor Manjeet Rege, chair of Software Engineering and Data Science and director of the Center for Applied Artificial Intelligence at the University of St. Thomas, joins us to explain how these massive facilities store and process the world’s data and what the economic, environmental, and infrastructure questions are as Minnesota considers hosting more of them.
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