Miami International Holdings Reports March 2020 Trading Results, New Records for MIAX Exchange Group and MIAX Emerald Including 16% Increase in the MIAX Exchange Group's Market Share
PRINCETON, New Jersey, April 2, 2020 /PRNewswire/ -- Miami International Holdings, Inc. (MIH) today reported March 2020 trading results for its three fully electronic options exchanges – MIAX®, MIAX PEARL® and MIAX Emerald™ (together, the MIAX Exchange Group™). With industry volume up over 60% compared to March 2019, the MIAX Exchange Group collectively executed over 68 million equity option contracts in March 2020 for a combined average daily volume (ADV) of 3,097,343 contracts. The contracts executed by the MIAX Exchange Group represent a total U.S. equity options market share of 11.53%, a new record for the MIAX Exchange Group and an over 16% increase from the 9.89% market share achieved in March 2019.
Trading Volume for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
Equity Options Contracts |
Mar-20 |
Mar-19 |
% Chg. |
Feb-20 |
% Chg. |
Mar-20 |
Mar-19 |
% Chg. |
Trading Days |
22 |
21 |
19 |
62 |
61 |
|||
U.S. Equity Options Industry |
590,743,481 |
365,585,219 |
61.6% |
508,015,456 |
16.3% |
1,570,530,647 |
1,057,199,259 |
48.6% |
MIAX Exchange Group |
68,141,542 |
36,139,275 |
88.6% |
55,478,341 |
22.8% |
172,216,215 |
104,992,256 |
64.0% |
MIAX |
22,187,374 |
15,205,060 |
45.9% |
23,177,007 |
-4.3% |
66,313,908 |
44,478,084 |
49.1% |
MIAX PEARL |
24,572,079 |
19,797,373 |
24.1% |
28,680,070 |
-14.3% |
77,154,976 |
59,377,330 |
29.9% |
MIAX Emerald |
21,382,089 |
1,136,842 |
1780.8% |
3,621,264 |
490.5% |
28,747,331 |
1,136,842 |
2428.7% |
Equity Options ADV |
Mar-20 |
Mar-19 |
% Chg. |
Feb-20 |
% Chg. |
Mar-20 |
Mar-19 |
% Chg. |
U.S. Equity Options Industry |
26,851,976 |
17,408,820 |
54.2% |
26,737,656 |
0.4% |
25,331,139 |
17,331,135 |
46.2% |
MIAX Exchange Group |
3,097,343 |
1,720,918 |
80.0% |
2,919,913 |
6.1% |
2,777,681 |
1,721,185 |
61.4% |
MIAX |
1,008,517 |
724,050 |
39.3% |
1,219,842 |
-17.3% |
1,069,579 |
729,149 |
46.7% |
MIAX PEARL |
1,116,913 |
942,732 |
18.5% |
1,509,477 |
-26.0% |
1,244,435 |
973,399 |
27.8% |
MIAX Emerald |
971,913 |
54,135 |
1695.3% |
190,593 |
409.9% |
463,667 |
18,637 |
2387.9% |
Equity Option Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
Equity Options Market Share |
Mar-20 |
Mar-19 |
% Chg. |
Feb-20 |
% Chg. |
Mar-20 |
Mar-19 |
% Chg. |
MIAX Exchange Group |
11.53% |
9.89% |
16.7% |
10.92% |
5.6% |
10.97% |
9.93% |
10.4% |
MIAX |
3.76% |
4.16% |
-9.7% |
4.56% |
-17.7% |
4.22% |
4.21% |
0.4% |
MIAX PEARL |
4.16% |
5.42% |
-23.2% |
5.65% |
-26.3% |
4.91% |
5.62% |
-12.5% |
MIAX Emerald |
3.62% |
0.31% |
1064.0% |
0.71% |
407.8% |
1.83% |
0.11% |
1602.2% |
Other achievements and announcements include:
MIAX Emerald
- New daily market share record
- 4.85% market share on March 25, 2020
- New monthly market share record
- 3.62% market share
- New daily record for contracts executed
- 1,431,512 on March 25, 2020
- New monthly record for contracts executed
- 21,382,089 contracts
MIAX Exchange Group
- New daily market share record
- 14.15% market share on March 25, 2020
- New monthly market share record
- 11.53% market share
- New monthly record for contracts executed
- 68,141,542 contracts
For further information regarding the MIAX Exchange Group, please visit www.MIAXOptions.com or contact MIAX Trading Operations at [email protected].
Corporate Communications Contact:
Dominique Prunetti-Miller
(609) 897-1465
[email protected]
About MIH and the MIAX Exchange Group
Miami International Holdings, Inc. (MIH) is the parent holding company of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX PEARL®) and MIAX Emerald, LLC (MIAX Emerald™ and together with MIAX and MIAX PEARL, the MIAX Exchange Group™), three fully electronic options trading exchanges. MIH also owns a controlling interest in the Bermuda Stock Exchange.
MIAX, MIAX PEARL and MIAX Emerald leverage the MIAX Exchange Group's industry-leading technology and infrastructure to provide their member firms with traditional pricing and pro rata allocation (MIAX), maker-taker pricing and price-time allocation (MIAX PEARL) market structures, and a hybrid market structure with maker-taker pricing and pro rata allocation (MIAX Emerald).
MIAX Options 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).
The MIAX Exchange Group's executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL.
To learn more about MIH and the MIAX Exchange Group visit www.MIAXOptions.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.
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