Miami International Holdings Achieves Record Trading Results in February 2025 with MIAX Futures Volumes

Miami International Holdings Sets New Trading Records

Miami International Holdings, Inc. (MIH), a pioneer in the creation and management of regulated financial markets, has announced impressive trading results for February 2025. The organization operates several U.S. exchanges, namely MIAX®, MIAX Pearl®, MIAX Emerald®, and MIAX Sapphire™, along with MIAX Futures™. The results highlight a significant increase in trading volumes and market shares compared to the previous year.

Record Trading Volumes and Market Shares

For February 2025, the Miami Exchange Group reported a staggering total of 163.9 million contracts across multi-listed options, marking a 12.8% increase year-over-year (YoY). This surge brings the total year-to-date (YTD) trading volume to a new high of 341.3 million contracts. However, it is noteworthy that the market share for February witnessed a 3.3% decline YoY, settling at 15.8%.

Among the standout performers was MIAX Sapphire, which achieved a groundbreaking monthly volume of 21.8 million contracts, alongside a record market share of 2.1%. Notably, MIAX Sapphire also set a new daily volume record of 1.6 million contracts on February 21 and an impressive daily market share mark of 2.4% on February 24. The exchange, which began trading on August 12, 2024, now boasts over 3,800 trading classes.

Highlights from MIAX Options

MIAX Options also reported a significant monthly volume of 69.2 million contracts, translating to an 18.6% increase YoY, reaching a market share of 6.7%—up 1.7% YoY. The year-to-date volume for MIAX Options stands impressively at 143.2 million contracts, reflecting a robust 6.8% market share.

In contrast, MIAX Pearl Options saw a decline in volume, with 30.5 million contracts traded—a 42.8% decrease YoY, which brought its market share down to 2.9%. On a more positive note, MIAX Emerald registered a monthly volume of 42.3 million contracts, a 25.9% YoY increase that resulted in a market share rise to 4.1%.

Performance of U.S. Equities and Futures

In U.S. equities, MIAX Pearl Equities reported a monthly trading volume of 3.2 billion shares, reflecting a decline of 20.4% YoY and a market share of just 1.1%, which is down 37.1% YoY. However, the futures market exhibited stronger performance with MIAX Futures reaching a volume of 461,996 contracts, representing a significant 40.0% increase YoY. The average daily volume (ADV) across futures and options hit a record of 24,316 contracts, showcasing MIAX’s strength in the derivatives market.

Additional Noteworthy Data

The trading results for February demonstrate MIAX's commitment to providing a reliable and efficient trading environment, leveraging proprietary technology to enhance market performance. Cumulatively, the total trading activity is indicative of the growing confidence of market participants in MIAX's capabilities.

Despite facing some challenges in market share percentages, the overall volume increases reflect a resilient trading infrastructure and the successful adaptation to market demands. MIAX continues to broaden its offerings, and the commitment to utilizing advanced technologies suggests a promising future as they aim to enhance trading experiences across various asset classes.

In conclusion, Miami International Holdings has cemented its position as a leader in regulated financial markets, with February 2025 results showcasing an impressive trajectory of growth and performance across key metrics. As the company continues to innovate and adapt to market changes, industry stakeholders can expect further advancements and opportunities in the trading space.