Miami International Holdings Reports Significant Increase in Trading Results for March 2025

Miami International Holdings Reports Robust Trading Performance in March 2025

Miami International Holdings, Inc. (MIH), renowned for its technology-driven approach in operating regulated financial markets, unveiled its trading results for March 2025. The report reflects an uptick in options trading volume with an impressive 26.8% year-over-year increase, showcasing the dynamic nature of its U.S. exchanges, which include MIAX®, MIAX Pearl®, MIAX Emerald®, and MIAX Sapphire™.

Key Highlights of Trading Volume

In March 2025, the total multi-listed options volume for MIAX Exchange Group reached an astounding 173.6 million contracts. This figure signifies a notable rise from the previous year, reinforcing MIAX's position in the competitive marketplace. As the trading year progresses, the year-to-date volume for 2025 has surpassed 514.9 million contracts, setting a new record for the exchange group. The market share for March stood at 15.6%, slightly decreasing by 2.2% compared to the previous year.

Notably, MIAX Sapphire, which began trading on August 12, 2024, registered a record monthly volume of 23.4 million contracts in March 2025, achieving a market share of 2.1%. In parallel, MIAX Options experienced a remarkable 38.6% increase in monthly volumes, hitting 76.4 million contracts, with a market share jump to 6.8%, reflecting a steady growth pattern.

Contrastingly, MIAX Pearl Options noted a decline in volume, with 31.4 million contracts being traded, reflecting a 35.1% drop from the previous year's figures. MIAX Emerald, however, exhibited positive growth, achieving a monthly volume of 42.5 million contracts—an increase of 26.7% year over year.

Performance in the U.S. Equities and Futures Markets

In the realm of U.S. equities, MIAX Pearl Equities™ reported a monthly trading volume of 3.4 billion shares, a decrease of 23.6% compared to March 2024. This decrease has affected its market share, which stands at 1.0%, down 45.3% year over year. Meanwhile, MIAX Futures, categorized as a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), exhibited dramatic growth with an 80.4% increase in trading volume, totaling 309,006 contracts for March 2025, while its year-to-date volume reached a record 1.1 million contracts during the first quarter.

Conclusion

Despite facing challenges within certain aspects of its trading segments, MIAX's overall performance in March 2025 indicates a thriving and resilient trading environment. The strategic advancements made by MIAX in leveraging technology to enhance its market offerings are evidently contributing to the substantial increase in trading volumes, setting the stage for continued success in the financial markets. As the year unfolds, stakeholders and participants in the market eagerly await to see how these trends will evolve further into 2025, indicating a proactive and innovative approach to trading within the financial sector.