Miami International Holdings Achieves Record Trading Volumes and Market Share in 2024

Miami International Holdings, Inc. (MIH) has announced remarkable trading results for December as well as the entire year of 2024. The company, recognized for its technology-driven approach in operating regulated financial markets, reported notable achievements across its subsidiaries, including the MIAX Exchange Group.

Monthly and Yearly Highlights

During December 2024, the MIAX Exchange Group experienced a record-breaking total of 165.6 million contracts traded, marking a 29.1% increase compared to the same month in the previous year. This impressive figure helped the company secure a monthly market share of 16.4%, showcasing an upward shift of 6.0% year-over-year. For the entire year of 2024, the multi-listed options volume soared to 1.7 billion contracts, which translates to a 6.5% increase year-over-year, although representing a slight decline in annual market share to 15.1%.

One of the standout performers, MIAX Sapphire, achieved a monthly trading volume of 18.4 million contracts in December, contributing to its overall yearly volume of 65 million contracts since its launch in August 2024.

MIAX Options also reported strong results with 691.6 million contracts traded in 2024, reflecting a 9.1% annual growth and a December trading volume reaching 63.4 million contracts, up by 23.3% year-over-year. On the contrary, the performance of MIAX Pearl Options saw a decline; it registered a significant year-over-year decrease of 27.7%, amounting to 468 million contracts for the year and a monthly trading share of 3.1% in December.

Conversely, MIAX Emerald showed tremendous growth, with a yearly volume of 465.6 million contracts, a 52.2% increase from the previous year, alongside a record monthly exchange volume of 52.5 million contracts for December 2024.

Performance in Equities and Futures

The U.S. equities market also witnessed notable activity through MIAX Pearl Equities, which recorded a total of 49.9 billion shares traded across 2024, reflecting a 6.2% increase year-on-year. However, it faced a 12.8% decline in December's trading volume to 3.8 billion shares, which resulted in a market share drop from 1.77% to 1.24% compared to the same period last year.

In the futures market, MIAX Futures achieved a substantial 10.2% increase in volume, totaling 3.2 million contracts for the year. December trading brought a further 197,513 contracts, showcasing a significant increase of 44.5% compared to the prior year.

Conclusion

These results demonstrate Miami International Holdings' ongoing commitment to leveraging technology in enhancing trading volumes and market presence across its various platforms. With record-setting numbers, MIAX continues to solidify its position as a leading entity in the financial markets. The steady rise in contract volumes and market share reflects MIH's strategic growth and resilience amid fluctuating market conditions. Investors and stakeholders can look forward to further developments and innovations in the coming year as MIH maintains its upward momentum in the trading ecosystem.