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 ContractsMar-20Mar-19% Chg.Feb-20% Chg.Mar-20Mar-19% Chg.
Trading Days2221196261
U.S. Equity Options Industry590,743,481365,585,21961.6%508,015,45616.3%1,570,530,6471,057,199,25948.6%
MIAX Exchange Group68,141,54236,139,27588.6%55,478,34122.8%172,216,215104,992,25664.0%
MIAX22,187,37415,205,06045.9%23,177,007-4.3%66,313,90844,478,08449.1%
MIAX PEARL24,572,07919,797,37324.1%28,680,070-14.3%77,154,97659,377,33029.9%
MIAX Emerald21,382,0891,136,8421780.8%3,621,264490.5%28,747,3311,136,8422428.7%
Equity Options ADVMar-20Mar-19% Chg.Feb-20% Chg.Mar-20Mar-19% Chg.
U.S. Equity Options Industry26,851,97617,408,82054.2%26,737,6560.4%25,331,13917,331,13546.2%
MIAX Exchange Group3,097,3431,720,91880.0%2,919,9136.1%2,777,6811,721,18561.4%
MIAX1,008,517724,05039.3%1,219,842-17.3%1,069,579729,14946.7%
MIAX PEARL1,116,913942,73218.5%1,509,477-26.0%1,244,435973,39927.8%
MIAX Emerald971,91354,1351695.3%190,593409.9%463,66718,6372387.9%
Equity Option Market Share for MIAX Exchange Group,

Current Month

Year-to-Date Comparison
Equity Options Market ShareMar-20Mar-19% Chg.Feb-20% Chg.Mar-20Mar-19% Chg.
MIAX Exchange Group11.53%9.89%16.7%10.92%5.6%10.97%9.93%10.4%
MIAX3.76%4.16%-9.7%4.56%-17.7%4.22%4.21%0.4%
MIAX PEARL4.16%5.42%-23.2%5.65%-26.3%4.91%5.62%-12.5%
MIAX Emerald3.62%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 TradingOperations@MIAXOptions.com.

Corporate Communications Contact:
Dominique Prunetti-Miller
(609) 897-1465
dprunetti@miami-holdings.com

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.

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