PR Newswire

Miami International Holdings Reports Trading Results for June 2024; YTD Volumes Reach Record Levels on Multiple Options and Equities Exchanges

PRINCETON, N.J., July 11, 2024 /PRNewswire/ — Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes and geographies, today reported June 2024 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group), and Minneapolis Grain Exchange (MGEX™).

June 2024 and Year-to-Date Trading Volume and Market Share Highlights

  • Total multi-listed options volume for the MIAX Exchange Group reached a monthly total of 115 million contracts, a 19.1% decrease year-over-year (YoY). June 2024 market share reached 13.7%, a 15.5% decrease YoY. Total year-to-date (YTD) volume reached 811.0 million contracts, a 2.3% decrease from the same period in 2023.
  • MIAX Options reached a monthly volume of 51.2 million contracts, a 10.4% decrease YoY. June 2024 market share reached 6.1%, a 6.4% decrease YoY. Total YTD volume reached a record 331.5 million contracts, a 0.1% increase from the same period in 2023.
  • MIAX Pearl Options reached a monthly volume of 32.2 million contracts, a 45.6% decrease YoY. June 2024 market share reached 3.8%, a 43.1% decrease YoY. Total YTD volume reached 278.7 million contracts, an 18.6% decrease from the same period in 2023.
  • MIAX Emerald Options reached a monthly volume of 31.6 million contracts, a 22.2% increase YoY. June 2024 market share reached 3.8%, a 27.7% increase YoY. Total YTD volume reached a record 200.8 million contracts, a 28.5% increase from the same period in 2023.
  • In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 3.0 billion shares, 31.3% decrease YoY and representing a market share of 1.3%, a 28.1% decrease YoY. Total YTD volume reached a record 25.8 billion shares, a 24.0% increase from the same period in 2023. YTD market share reached a record 1.8%, an increase of 18.7% from the same period in 2023.
  • In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reached a monthly volume of 346,016 contracts, a 27.4% increase YoY and a 57.1% increase from May 2024.

Additional MIAX Exchange Group and MGEX trading volume and market share information are included in the tables below.

Multi-Listed Options Trading Volume for

 MIAX Exchange Group, Current Month

Year-to-Date Comparison

Multi-Listed Options Contracts

Jun-24

Jun-23

% Chg

May-24

% Chg

Jun-24

Jun-23

% Chg

Trading Days

19

21

22

124

124

U.S. Equity Options Industry

837,628,620

875,309,560

-4.3 %

888,512,052

-5.7 %

5,291,681,759

5,063,978,540

4.5 %

MIAX Exchange Group

114,989,271

142,120,689

-19.1 %

130,439,711

-11.8 %

810,990,932

829,863,120

-2.3 %

MIAX Options

51,218,895

57,183,100

-10.4 %

52,569,134

-2.6 %

331,452,604

331,096,501

0.1 %

MIAX Pearl

32,151,900

59,058,771

-45.6 %

43,052,063

-25.3 %

278,700,899

342,516,530

-18.6 %

MIAX Emerald

31,618,476

25,878,818

22.2 %

34,818,514

-9.2 %

200,837,429

156,250,089

28.5 %

Multi-Listed Options ADV

Jun-24

Jun-23

% Chg

May-24

% Chg

Jun-24

Jun-23

% Chg

U.S. Equity Options Industry

44,085,717

41,681,408

5.8 %

40,386,911

9.2 %

42,674,853

40,838,537

4.5 %

MIAX Exchange Group

6,052,067

6,767,652

-10.6 %

5,929,078

2.1 %

6,540,249

6,692,445

-2.3 %

MIAX Options

2,695,731

2,723,005

-1.0 %

2,389,506

12.8 %

2,673,005

2,670,133

0.1 %

MIAX Pearl

1,692,205

2,812,322

-39.8 %

1,956,912

-13.5 %

2,247,588

2,762,230

-18.6 %

MIAX Emerald

1,664,130

1,232,325

35.0 %

1,582,660

5.1 %

1,619,657

1,260,081

28.5 %

Multi-Listed Options Market Share for

MIAX Exchange Group, Current Month

Year-to-Date Comparison

Multi-Listed Options Market Share

Jun-24

Jun-23

% Chg

May-24

% Chg

Jun-24

Jun-23

% Chg

MIAX Exchange Group

13.73 %

16.24 %

-15.5 %

14.68 %

-6.5 %

15.33 %

16.39 %

-6.5 %

MIAX Options

6.11 %

6.53 %

-6.4 %

5.92 %

3.4 %

6.26 %

6.54 %

-4.2 %

MIAX Pearl

3.84 %

6.75 %

-43.1 %

4.85 %

-20.8 %

5.27 %

6.76 %

-22.1 %

MIAX Emerald

3.77 %

2.96 %

27.7 %

3.92 %

-3.7 %

3.80 %

3.09 %

23.0 %

Equities Trading Volume for

MIAX Pearl Equities, Current Month

Year-to-Date Comparison

Equities Shares (millions)

Jun-24

Jun-23

% Chg

May-24

% Chg

Jun-24

Jun-23

% Chg

Trading Days

19

21

22

124

124

U.S. Equities Industry

225,690

236,192

-4.4 %

274,062

-17.7 %

1,458,681

1,396,922

4.4 %

MIAX Pearl Volume

3,022

4,395

-31.3 %

4,591

-34.2 %

25,847

20,846

24.0 %

MIAX Pearl ADV

159

209

-24.0 %

209

-23.8 %

208

168

24.0 %

MIAX Pearl Market Share

1.34 %

1.86 %

-28.1 %

1.68 %

-20.1 %

1.77 %

1.49 %

18.7 %

Futures & Options Trading Volume and Open Interest for MGEX,
Current Month

Year-to-Date Comparison

Futures Contracts

Jun-24

Jun-23

% Chg

May-24

% Chg

Jun-24

Jun-23

% Chg

Trading Days

19

21

22

124

124

MGEX Futures Volume

346,016

271,495

27.4 %

220,302

57.1 %

1,627,528

1,424,896

14.2 %

MGEX ADV

18,211

12,928

40.9 %

10,014

81.9 %

13,125

11,491

14.2 %

MGEX Open Interest

79,968

53,926

48.3 %

68,418

16.9 %

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™), Minneapolis Grain Exchange, LLC (MGEX™), Ledger X LLC d/b/a MIAX Derivatives Exchange (MIAXdx), The Bermuda Stock Exchange (BSX) and Dorman Trading, LLC (Dorman Trading).

MIAX, MIAX Pearl and MIAX Emerald 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 three 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 also 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).

MGEX 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. MGEX 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 DCM, 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. MGEX 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 MGEX visit www.miaxglobal.com/mgex.

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
anybo@miaxglobal.com

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

Cision View original content:https://www.prnewswire.co.uk/news-releases/miami-international-holdings-reports-trading-results-for-june-2024-ytd-volumes-reach-record-levels-on-multiple-options-and-equities-exchanges-302194254.html


Related posts

Ahead of COP27 Energy Day, African Forests in Crosshairs of Oil and Gas Expansion: A Threat Facing Ecosystems and Communities Globally

Admin

Abu Dhabi Islamic Bank increases ownership in ADIB Egypt to over 52 percent

Admin

UL Solutions Issues First UL Smart Systems Rating for Para Digital Twin Technology by Dar Group

Admin