Miami International Holdings Reports January 2020 Trading Results and New Records for MIAX Exchange Group

PRINCETON, N.J., Feb. 4, 2020 /PRNewswire/ — Miami International Holdings, Inc. (MIH) today reported the January 2020 trading results for its three fully electronic options exchanges – MIAX®, MIAX PEARL® and MIAX Emerald™ (together, the MIAX Exchange Group™). The MIAX Exchange Group collectively executed over 48.5 million equity option contracts in January for a combined average daily volume (ADV) of 2,314,111 contracts, representing a total U.S. equity options market share of 10.30%.

Trading Volume for MIAX Exchange Group,

Current Month

Year-to-Date Comparison

Equity Options Contracts

Jan-20

Jan-19

% Chg.

Dec-19

% Chg.

Jan-20

Jan-19

% Chg.

Trading Days

21

21

21

21

21

U.S. Equity Options Industry

471,771,710

375,222,959

25.7%

373,792,463

26.2%

471,771,710

375,222,959

25.7%

MIAX Exchange Group

48,596,332

37,304,767

30.3%

36,464,337

33.3%

48,596,332

37,304,767

30.3%

MIAX

20,949,527

15,719,888

33.3%

14,723,870

42.3%

20,949,527

15,719,888

33.3%

MIAX PEARL

23,902,827

21,584,879

10.7%

18,507,078

29.2%

23,902,827

21,584,879

10.7%

MIAX Emerald

3,743,978

3,233,389

15.8%

3,743,978

Equity Options ADV

Jan-20

Jan-19

% Chg.

Dec-19

% Chg.

Jan-20

Jan-19

% Chg.

U.S. Equity Options Industry

22,465,320

17,867,760

25.7%

17,799,641

26.2%

22,465,320

17,867,760

25.7%

MIAX Exchange Group

2,314,111

1,776,417

30.3%

1,736,397

33.3%

2,314,111

1,776,417

30.3%

MIAX

997,597

748,566

33.3%

701,137

42.3%

997,597

748,566

33.3%

MIAX PEARL

1,138,230

1,027,851

10.7%

881,289

29.2%

1,138,230

1,027,851

10.7%

MIAX Emerald

178,285

153,971

15.8%

178,285

Equity Option Market Share for MIAX Exchange Group,

Current Month

Year-to-Date Comparison

Equity Options Market Share

Jan-20

Jan-19

% Chg.

Dec-19

% Chg.

Jan-20

Jan-19

% Chg.

MIAX Exchange Group

10.30%

9.94%

3.6%

9.76%

5.6%

10.30%

9.94%

3.6%

MIAX

4.44%

4.19%

6.0%

3.94%

12.7%

4.44%

4.19%

6.0%

MIAX PEARL

5.07%

5.75%

-11.9%

4.95%

2.3%

5.07%

5.75%

-11.9%

MIAX Emerald

0.79%

0.87%

-8.3%

0.79%

Other achievements and announcements include:

MIAX Emerald

  • New monthly record for equity option contracts executed

MIAX Exchange Group

  • New daily record for equity option contracts executed
  • New monthly record for equity option contracts executed

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

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.

MIH also owns a controlling interest in the Bermuda Stock Exchange.

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. 

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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SOURCE Miami International Holdings, Inc.

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