Miami International Holdings Reports September 2021 Trading Results, MIAX Pearl Equities Sets New Market Share and Volume Records; SPIKES Futures Volume at Record Levels

PRINCETON, N.J., Oct. 6, 2021 /PRNewswire/ — Miami International Holdings, Inc. today reported September 2021 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group™) and the Minneapolis Grain Exchange (MGEX).

The total U.S. multi-listed options market share of 14.50% in September 2021 was 79 basis points higher than the 13.71% market share in September 2020 and represented a 5.8% increase.

The MIAX Exchange Group collectively executed 110.8 million multi-listed options contracts in September 2021, representing an average daily volume (ADV) of 5,275,356 contracts.

In U.S. equities, MIAX Pearl Equities™ executed 1,379,358,616 shares in August 2021, a monthly volume record and an increase of 78.4% from August 2021. The September 2021 total also represented a market share record of 0.62%.

In U.S. futures, MGEX executed 324,299 contracts in September 2021, the 4th highest monthly total volume on record and representing an increase of 96.8% from the September 2020 total.  Total volume during the January to September 2021 period reached a record 2,800,181 contracts, a 38.2% increase from the same period in 2020, while open interest totaled 88,618 contracts on September 30, 2021, an increase of 33.1% from the September 30, 2020 total.

SPIKES® Futures volume totaled a record 157,539 contracts in September 2021, up 83.4% from the 85,885 contract total in August 2021.  SPIKES Futures volume reached a record ADV of 7,502 contracts in September 2021.  In addition, SPIKES Futures volume on September 9, 2021 totaled a new daily record volume of 14,890 contracts.

Multi-Listed Options Trading Volume for

 MIAX Exchange Group, Current Month

Year-to-Date Comparison
Multi-Listed Options
Contracts
Sep-21 Sep-20 % Chg Aug-21 % Chg Sep-21 Sep-20 % Chg
Trading Days 21 21 22 188 189
U.S. Equity Options Industry 763,992,378 632,751,329 20.7% 761,891,872 0.3% 6,896,676,100 5,046,519,012 36.7%
MIAX Exchange Group 110,782,472 86,720,900 27.7% 116,013,478 -4.5% 989,154,877 605,449,661 63.4%
MIAX Options 43,883,693 36,901,910 18.9% 47,123,249 -6.9% 384,130,954 242,802,660 58.2%
MIAX Pearl 29,760,494 23,864,559 24.7% 27,068,706 9.9% 331,491,709 228,612,913 45.0%
MIAX Emerald 37,138,285 25,954,431 43.1% 41,821,523 -11.2% 273,532,214 134,034,088 104.1%
Multi-Listed Options ADV Sep-21 Sep-20 % Chg Aug-21 % Chg Sep-21 Sep-20 % Chg
U.S. Multi-Listed Options Industry 36,380,589 30,131,016 20.7% 34,631,449 5.1% 36,684,447 26,701,159 37.4%
MIAX Exchange Group 5,275,356 4,129,567 27.7% 5,273,340 0.0% 5,261,462 3,203,437 64.2%
MIAX 2,089,700 1,757,234 18.9% 2,141,966 -2.4% 2,043,250 1,284,670 59.0%
MIAX Pearl 1,417,166 1,136,408 24.7% 1,230,396 15.2% 1,763,254 1,209,592 45.8%
MIAX Emerald 1,768,490 1,235,925 43.1% 1,900,978 -7.0% 1,454,959 709,175 105.2%
Multi-Listed Options Market Share for

MIAX Exchange Group, Current Month

Year-to-Date Comparison
Multi-Listed Options Market
Share
Sep-21 Sep-20 % Chg Aug-21 % Chg Sep-21 Sep-20 % Chg
MIAX Exchange Group 14.50% 13.71% 5.8% 15.23% -4.8% 14.34% 12.00% 19.5%
MIAX 5.74% 5.83% -1.5% 6.19% -7.1% 5.57% 4.81% 15.8%
MIAX Pearl 3.90% 3.77% 3.3% 3.55% 9.6% 4.81% 4.53% 6.1%
MIAX Emerald 4.86% 4.10% 18.5% 5.49% -11.4% 3.97% 2.66% 49.3%
Equities Trading Volume for

MIAX Pearl Equities, Current Month

Year-to-Date Comparison
Equities Shares (millions) Sep-21 Sep-20 % Chg Aug-21 % Chg Sep-21 Sep-20 % Chg
Trading Days 21 2 22 188 2
U.S. Equities Volume – Industry 222,234 NM NM 198,022 12.2% 2,180,672 NM NM
MIAX Pearl Volume 1,379 NM NM 773 78.4% 6,087 NM NM
MIAX Pearl ADV 66 NM NM 37 77.5% 32 NM NM
MIAX Pearl Market Share 0.62% NM NM 0.39% 59.1% 0.28% NM NM
NM – Not meaningful
Futures & Options Trading Volume for

MGEX, Current Month

Year-to-Date Comparison
Futures & Options

Contracts

Sep-21 Sep-20 % Chg Aug-21 % Chg Sep-21 Sep-20 % Chg
Trading Days 21 21 22 188 189
MGEX Volume 324,299 164,754 96.8% 394,528 -17.8% 2,800,181 2,026,152 38.2%
MGEX ADV 15,443 7,845 96.8% 17,933 -13.9% 14,895 10,720 38.9%

 

For further information regarding MIAX, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com.

Corporate Communications Contacts:

Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091
anybo@miami-holdings.com

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®), the 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 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 and SPIKES Futures. In addition, 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, the 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 the BSX visit www.BSX.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.

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endpoint and Berlinger Collaborate to Provide Complete Visibility of the Historical Temperature Journey of an IMP

Fully integrated solution: Turn a 25-day manual temperature-monitoring data evaluation into instant decision making

SAN FRANCISCO and SWITZERLAND, Oct. 6, 2021 /PRNewswire/ — endpoint Clinical, the leader in global interactive response technology (IRT®) for clinical trials, and Berlinger & Co. AG, specializing in the production of innovative and customized solutions for monitoring temperature-sensitive goods in the pharmaceutical and medical industry, have announced their partnership to provide complete end to end visibility of the entire temperature history of an Investigational Medicinal Product (IMP).

endpoint clinical logo

“Over the last several years, the cold chain logistics market for clinical trials has shown a growth of about 10%. This is largely related to the increasing number of biologicals and monoclonal antibodies that are under study. Therefore, cold chain failure in clinical trials has an increasing impact,” says Dr. Harald van Weeren, Segment Manager Clinical Trials at Berlinger.

Our organizations understand the risks of managing temperature-controlled IMP, and therefore, we focused on designing a solution to help reduce risk and eliminate the core issues. Such problems include limited transparency and missing information, the lack of immediate centralized visibility, time-consuming excursion management and slow decision making, time-consuming data consolidation for audits, wastage of drugs, and patient rescheduling or lost.

Through this partnership, endpoint and Berlinger can provide Sponsors with a fully integrated solution, taking a 25-day manual temperature-monitoring data evaluation and turning it into instant decision making. This drastically reduces costs up to 7-digit figures and improves patient safety, allowing for fast decision-making through complete visibility of the temperature history.

Sponsors and sites will reap immediate benefits through this sophisticated technology integration in a variety of areas:

  • Education: Less instruction needed for the site users
  • Handling: A reduction in admin time, manual handling, and associated risks
  • Excursion Management: Reduce the risk for dispensing drugs affected by a temperature deviation
  • Patient: Reduce failed patient visits and increase patient safety
  • Audit: All of the temperature data available in one system for easy preparation
  • Drugs: Reduce waste of trial products

“Patient safety has always been a high priority for endpoint.  As cold chain logistics become increasingly important due to the ever-growing number of studies that work with biologics, we understand how vital it is to maintain the chain of custody. This ensures that IMP does not go outside of agreed temperature ranges for that product. We are happy to be partnering with Berlinger on an integration providing a seamless solution for both the sponsor and site,” says Jeff Rubesin, Senior Director, Product Strategy at endpoint Clinical.

About endpoint
endpoint is an interactive response technology (IRT®) systems and solutions provider that supports the life sciences industry.  For the past decade, their customer-obsessed team of professionals has been continuously evolving their suite of technologies to help Sponsors achieve clinical trial success.  Their dynamic IRT solution, PULSE®, for patient randomization and management, site management, and drug supply management and leading-edge clinical supplies management tool, DRIVE, has proven to maximize the supply chain and minimize operational costs, and ensure timely and accurate patient dosing. endpoint is headquartered in San Francisco, California, with offices across the US, EU, and Asia. www.endpointclinical.com

About Berlinger
Berlinger is a traditional and independent Swiss and family-owned company that is specialized in the production of innovative and customized solutions for monitoring temperature-sensitive goods in the pharmaceutical and medical industry as well as for doping control equipment to ensure safe transportation and storage of urine and blood samples in the sports industry.

Established in 1865 as a weaving manufacturer, Berlinger has developed its business over the years and has become a world-leading manufacturer of Doping Control Equipment and is among the top three leaders in the market of temperature monitoring solutions.

Visit https://www.berlinger.com/usa/ to learn more.

Contacts:
Monica Holt
Marketing Communications Manager
endpoint Clinical
e: mholt@endpointclinical.com

Barbara Hoefelmayr
Marketing Manager
Berlinger
+41 71 982 86 02
e: barbara.hoefelmayr@berlinger.com

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Salam Groovy Japan Crowdfunds to Aid Muslims in Need in Japan

Japanese media launched food aid crowdfunding on LaunchGood for Muslims in Japan suffering in the pandemic.

OSAKA, Japan, Oct. 6, 2021 /PRNewswire/ — Salam Groovy Japan, a media outlet of information on Japan’s engagement in the Islamic market, launched a crowdfunding campaign via LaunchGood to support financially struggling Muslims in Japan, especially international students—Help Support Struggling Students & Other Muslims in Japan. The Japanese media aims to raise $10 thousand to donate food and daily necessities in cooperation with universities and organizations in Japan.https://mma.prnewswire.com/media/1652728/Image1.jpg

In Japan, students dropping out of universities unable to afford tuition fees or people unable to afford daily necessities, such as food and feminine hygiene products are increasing as the COVID-19 pandemic progresses. Muslims, especially international students residing in Japan, who live on part-time jobs to make ends meet have had those options reduced to none.

The media talked with a few Muslim international students at the Tokyo University of Foreign Studies (TUFS) regarding their current living situation. “When we finally found a part-time job, our workdays got cut by nearly half. There are times we had to survive on the money sent by our family back home or social security.”, said the students.

Most Muslim international students come from Southeast Asia, such as Malaysia and Indonesia, with recurring new waves of infections and in an unstable economy. These further resulted in difficulty to receive their family’s financial aids.

To support Muslims in need in Japan, Salam Groovy Japan initiated a crowdfunding project on LaunchGood, a platform focused on the global Muslim community. The raised funds will provide halal food by Japanese companies and daily necessities, including feminine hygiene products, which will distribute in cooperation with several universities and organizations in Japan.

About Salam Groovy Japan

Salam Groovy Japan is a media platform run by J-Line Corporation, a Japanese company founded in 1993. The media strives to bridge Japanese business with the global Islamic market from a business perspective. It provides information about Japanese firms engaged in business development for the Islamic market, such as halal products and Muslim-friendly information in Japan.

For more information, please refer to the official website.

The media contents can also be found on Instagram @salamgroovyjapan, Facebook @SalamGroovyJapan and Twitter @Salam_GJ.

Media Contact: team@groovyjapan.com

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‫تسجيل اللقاح “سبوتنيك لايت” أحادي الجرعة في الإمارات العربية المتحدة

واعتماد استخدام “سبوتنيك لايت” في هذه الدولة كجرعة معززة

موسكو, 6 أكتوبر / تشرين أول 2021 /PRNewswire/ — يعلن الصندوق الروسي للاستثمارات المباشرة (الصندوق السيادي لروسيا الاتحادية) اعتماد استخدام اللقاح الروسي أحادي الجرعة ضد فيروس كورونا “سبوتنيك لايت” من قبل وزارة الصحة ووقاية المجتمع في دولة الإمارات العربية المتحدة.

“سبوتنيك لايت” يمثل المكون الأول (الفيروس الغدي البشري المأشوب من النمط المصلي 26(rAd26)) من اللقاح “سبوتنيك V“. كما تم اعتماد اللقاح لاستخدامه في دولة الإمارات العربية المتحدة كجرعة معززة.

وفي يناير من عام 2021، تم أيضاً إقرار استخدام اللقاح “سبوتنيك V” ثنائي الجرعة في دولة الإمارات العربية المتحدة. وتم تسجيل اللقاحين “سبوتنيك لايت” و”سبوتنيك V” في البلاد في إطار إجراء معجل (emergencyuseauthorization, EUA).

وكان اللقاح “سبوتنيك V” أول لقاح في العالم يستند إلى منهج التعزيز غير المتجانس (“خليط اللقاحات” باستخدام الفيروس الغدي البشري من النمط المصلي 26 بمثابة الجرعة الأولى والفيروس الغدي البشري من النمط المصلي 5 بمثابة الجرعة الثانية).

ونظراً لنجاح هذا المنهج في تأمين مناعة مستقرة وطويلة الأجل ضد عدوى فيروس كورونا المستجد، كان الصندوق الروسي للاستثمارات المباشرة صاحب أول مبادرة في العالم لتأسيس شراكة مع منتجي اللقاحات الآخرين وإطلاق دراسات مشتركة للجمع بين الجرعة الأولى من اللقاح “سبوتنيك V” (اللقاح “سبوتنيك لايت”) واللقاحات الأجنبية.

وتجرى حالياً دراسات في هذا السياق في دولة الإمارات العربية المتحدة وفي روسيا والأرجنتين وأذربيجان ودول أخرى.

يظهر “سبوتنيك لايت” مستويات عالية من السلامة والفعالية خلال تطعيم السكان في عدد من البلدان. وأظهرت بيانات وزارة الصحة في مقاطعة بوينس آيرس (الأرجنتين) أن فعالية استخدام اللقاح “سبوتنيك لايت” بلغت مستوى 78,6 – 83,7% عند تطعيم كبار السن. وفي باراغواي، تشير بيانات وزارة الصحة إلى أن فعالية اللقاح بلغت 93,5% خلال عملية التطعيم الجماعي.

يتمتع اللقاح “سبوتنيك لايت ” بالميزات الرئيسة التالية:

·  “سبوتنيك لايت” يمثل المكون الأول (الفيروس الغدي البشري المأشوب من النمط المصلي 26(rAd26)) من اللقاح “سبوتنيك V“، أول لقاح مسجل ضد فيروس كورونا في العالم.

·  أكدت نتائج الأبحاث المخبرية لمركز غاماليا الوطني لأبحاث علوم الأوبئة والأحياء الدقيقة أن اللقاح “سبوتنيك لايت” فعال ضد السلالات الجديدة لفيروس كورونا.

·  لا يتطلب اللقاح “سبوتنيك لايت” شروطاً خاصة للتخزين والنقل.

·   تم تطوير اللقاح “سبوتنيك لايت” استناداً إلى منصة مختبرة ومدروسة جيداً لنواقل الفيروسات الغدية للإنسان، وتتمثل مزاياها المهمة في السلامة والفعالية وغياب آثار سلبية لها على المدى البعيد، وتم تأكيد ذلك في أكثر من 250 دراسة سريرية أجريت حول العالم خلال عقدين من الزمن (يعود تاريخ بدء استخدام الفيروسات الغدية البشرية في اللقاحات إلى عام 1953).

أسس الصندوق الروسي للاستثمارات المباشرة في عام 2011 من أجل الاستثمار المشترك مع أبرز المستثمرين الماليين والاستراتيجيين الأجانب في أسهم الشركات في روسيا في المقام الأول. ويقوم الصندوق بدور المحفز للاستثمارات المباشرة في الاقتصاد الروسي. ويمتلك الصندوق الروسي للاستثمارات المباشرة في الوقت الراهن تجربة ناجحة في الاشتراك مع الشركاء الأجانب في تنفيذ أكثر من 80 مشروعاً بقيمة إجمالية تزيد عن 2.1 تريليون روبل وتغطي 95% من أقاليم روسيا الاتحادية. ويعمل أكثر من مليون شخص ضمن شركات المحفظة الاستثمارية للصندوق، وتتجاوز إيراداتها السنوية 6% من الناتج المحلي الإجمالي لروسيا. أسس الصندوق الروسي للاستثمارات المباشرة شراكات استراتيجية مشتركة مع أبرز المستثمرين المشاركين من 18 دولة بقيمة إجمالية تزيد عن 40 مليار دولار. ولمزيد من المعلومات يمكنكم زيارة الموقع الإلكتروني: rdif.ru

Singapore to Leverage the Global Cyber Alliance’s IoT Threat Analytics Platform

GCA’s Automated IoT Defence Ecosystem provides early warnings on IoT cyberattacks

SINGAPORE and NEW YORK, Oct. 06, 2021 (GLOBE NEWSWIRE) — Today, the Cyber Security Agency of Singapore (CSA) has announced that it will partner with the Global Cyber Alliance (GCA) to leverage the capabilities of GCA’s Automated IoT Defence Ecosystem (AIDE) platform to monitor and address IoT threats and safeguard the cybersecurity of the IoT space. The project will be the first large-scale application of the AIDE platform.

The global number of IoT devices is expected to rise to more than 50 billion by 2030. This presents a huge attack surface for malicious actors, which may lead to consequences like the theft of personal data and the disruption of services using IoT devices as botnet nodes to conduct distributed denial of service (DDoS) attacks. There is a need to proactively watch for global IoT threats and attack data, so that nations can be better prepared before the next wave of botnet attacks hit their shores.

The IoT threat analytics platform can provide CSA visibility on the types of IoT-related cyber threats that may affect the country’s cyberspace. The insights from the platform allow partners to put in place policies and technical measures to safeguard against threat vectors through the conduit of IoT devices. The result is a better prepared and safer IoT cyberspace.

“The use of IoT devices is growing exponentially. CSA has introduced several initiatives to improve IoT security, including the world’s first multi-level labelling scheme for consumer IoT devices— the Cybersecurity Labelling Scheme. This latest initiative —our partnership with GCA on AIDE— will help us be better prepared against potential IoT attacks. Cybersecurity is a team sport where everyone has a part to play. CSA will continue to work with stakeholders to look for ways in building a more resilient and secure IoT space,” said Mr. David Koh, Commissioner of Cybersecurity and Chief Executive of CSA.

GCA’s AIDE ecosystem is a central component of the project. This large repository of IoT threat intelligence relies on a globally distributed honeyfarm and on data feeds from partners.

According to Mr. Philip Reitinger, President and CEO of GCA, “This is a unique opportunity to increase GCA’s international collaboration and expand our network of partners, from cybersecurity agencies and large internet players to academia and research institutions. This project —and CSA’s support as a whole— is a crucial milestone in our roadmap for the AIDE ecosystem and in our long-term vision on IoT cybersecurity. The fact that this effort is happening in Singapore, a global flagship for technology, will pave the way to expand the initial scope of the project to other international smart cities.”

To learn more about AIDE visit: https://www.globalcyberalliance.org/aide/.

About the Global Cyber Alliance
The Global Cyber Alliance (GCA) is an international, cross-sector effort dedicated to reducing cyber risk and improving our connected world. We achieve our mission by uniting global communities, implementing concrete solutions, and measuring the effect. GCA, a 501(c)(3) in the US and a non-profit in the UK and Belgium, was founded in September 2015 by the Manhattan District Attorney’s Office, the City of London Police, and the Center for Internet Security. Learn more at www.globalcyberalliance.org.

Contact at GCA:
Alejandro Fernández-Cernuda Díaz
Director of Engagement, Internet Integrity Program
afcernuda@globalcyberalliance.org

WatchBox To Cross One Billion In Revenue Milestone, Unveils Global Expansion Plan With Eight New Locations

PHILADELPHIA, Oct. 6, 2021 /PRNewswire/ — WatchBox, the world’s leading platform for collectable luxury watches, today announced it is on track to reach USD 300 million in net revenue for 2021, and, since its inception in 2017, will cross USD one billion in lifetime revenue before the end of the year. The company also unveiled plans to open eight new locations around the world, with five set to open in the next six months, including its first US satellites.

Interior image of WatchBox's Dubai location

According to McKinsey & Company, the primary and secondary watch markets are expected to grow from USD 66 billion to USD 97 billion by 2025. “This is an incredibly exciting time for WatchBox,” said Justin Reis, Global CEO of WatchBox. “We have seen profitable growth year-over-year and expect to achieve 40% revenue growth in 2021 and are on track to record USD 300 million in revenue with double-digit EBITDA margins,” Reis continued. “As a managed inventory marketplace, we continue to acquire incredible collectors every day, building relationships that last a lifetime. Further, our media-first platform creates programming that engages and educates our collector communities around a shared passion for horology.”

By the end of 2022, WatchBox plans to open in New York, Los Angeles, Miami, Houston, and Dallas plus three additional international locations in Zurich, Riyadh, and Tokyo. The new WatchBox destinations join the existing company footprint which includes Dubai, Hong Kong, Neuchâtel, Singapore, and its US Headquarters in Philadelphia.

The launch of WatchBox’s new locations will offer its community unparalleled personal connection. In contrast to traditional brick and mortar retail, WatchBox’s experiential concept draws from one of the world’s largest centralized inventories of more than USD 150 million of watches. These innovative spaces will be dynamic gathering places where enthusiasts can connect and share their love of luxury timepieces, view unique inventory, and build relationships that will enhance their watch collecting experience.

“At WatchBox, we are powered by our global community of watch enthusiasts, the core pillar of our business. Each time we open a new location, we successfully activate new communities in new markets. By being closer to our customers, we are able to deliver incredible access to product, our client advisors and our collector community, creating an arena for watch enthusiasts to gather, learn and discover,” added Reis.

Miami, New York City and Los Angeles will be the first locations to open in the first quarter of 2022. Renowned design firm Studio Mellone, credited with luxury concepts and showrooms around the world, has been engaged to design the first U.S. locations.

WatchBox Logo

About WatchBox:
WatchBox is the world’s leading platform for collectable luxury timepieces. Offering the largest collection of pristine condition luxury watches, authenticated, and backed by a global warranty, WatchBox is the watch collector’s ultimate destination. Members of the WatchBox collector community receive white glove concierge service online or at any of our global locations in the US, Hong Kong, Singapore, Switzerland and Dubai, with additional locations on the way. As a technology-first platform and pioneer in media-driven commerce, WatchBox produces and distributes original video content daily, with a growing library that includes market insights, collector interviews and thousands of watch reviews.  Learn more at www.thewatchbox.com.

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