Record-Breaking Trading Results Announced by Miami International Holdings for November 2024
In a remarkable month for the financial markets, Miami International Holdings, Inc. (MIH) announced its trading results for November 2024, showcasing a tremendous surge in trading volume and market share across its various exchanges. MIH operates several exchanges, including MIAX, MIAX Pearl, MIAX Emerald, and MIAX Sapphire, and offers a diverse range of financial products including options and equities. The company reported a staggering total of 163 million multi-listed options contracts traded within the MIAX Exchange Group, marking a 34.9% increase compared to the same month last year. This significant growth highlights the rising popularity of options trading, as total market share has climbed from 14.75% in November 2023 to 16.1% this past November, representing an impressive 9.3% increase year-on-year.
Several key factors contributed to this record-breaking performance. MIAX Sapphire, a newer addition that began trading in August 2024, achieved a monthly trading volume of 18.5 million contracts, capturing a 1.8% market share. Notably, on November 15, MIAX Sapphire set a single-day record by trading 1.2 million contracts. Meanwhile, MIAX Options reached a monthly trading volume of 60.8 million contracts, illustrating a robust 25.5% increase from the previous year.
In contrast, MIAX Pearl Options witnessed a decline in volume, dropping to 32 million contracts—down 33.6% from last year. Despite this setback, MIAX Emerald shined brightly by achieving a record monthly volume of 51.7 million contracts, denoting an impressive 113.5% increase year-on-year.
Turning to equities, MIAX Pearl Equities reported a total trading volume of 3.8 billion shares in November, which reflects an 18.3% decrease from the same month last year. The equities market share also experienced a dip, reaching only 1.3%. However, year-to-date trading volume remains robust, totaling 46.0 billion shares, up 8.2% compared to 2023.
Additionally, MIAX Futures recorded a total volume of 342,348 contracts in November, which is a 4.3% increase from the previous year. This further emphasizes MIH’s commitment to providing a comprehensive trading platform across various asset classes, catering to the needs of diverse traders and investors.
The release of these results points to MIH's innovative approach in enhancing trading efficiency and user experience through its proprietary technology. With more than 3,800 available trading classes on MIAX Sapphire, MIH is well-positioned to capitalize on the growing interest in options and futures trading.
In summary, Miami International Holdings has showcased exceptional growth in its trading volumes and market share during November 2024. This impressive performance underscores MIH's role as a leader in the regulated financial markets and highlights its potential for further advancements in the fast-evolving trading landscape. Investors and market participants can expect continued innovation and expanded offerings from MIH in the coming months.
Several key factors contributed to this record-breaking performance. MIAX Sapphire, a newer addition that began trading in August 2024, achieved a monthly trading volume of 18.5 million contracts, capturing a 1.8% market share. Notably, on November 15, MIAX Sapphire set a single-day record by trading 1.2 million contracts. Meanwhile, MIAX Options reached a monthly trading volume of 60.8 million contracts, illustrating a robust 25.5% increase from the previous year.
In contrast, MIAX Pearl Options witnessed a decline in volume, dropping to 32 million contracts—down 33.6% from last year. Despite this setback, MIAX Emerald shined brightly by achieving a record monthly volume of 51.7 million contracts, denoting an impressive 113.5% increase year-on-year.
Turning to equities, MIAX Pearl Equities reported a total trading volume of 3.8 billion shares in November, which reflects an 18.3% decrease from the same month last year. The equities market share also experienced a dip, reaching only 1.3%. However, year-to-date trading volume remains robust, totaling 46.0 billion shares, up 8.2% compared to 2023.
Additionally, MIAX Futures recorded a total volume of 342,348 contracts in November, which is a 4.3% increase from the previous year. This further emphasizes MIH’s commitment to providing a comprehensive trading platform across various asset classes, catering to the needs of diverse traders and investors.
The release of these results points to MIH's innovative approach in enhancing trading efficiency and user experience through its proprietary technology. With more than 3,800 available trading classes on MIAX Sapphire, MIH is well-positioned to capitalize on the growing interest in options and futures trading.
In summary, Miami International Holdings has showcased exceptional growth in its trading volumes and market share during November 2024. This impressive performance underscores MIH's role as a leader in the regulated financial markets and highlights its potential for further advancements in the fast-evolving trading landscape. Investors and market participants can expect continued innovation and expanded offerings from MIH in the coming months.
Topics Financial Services & Investing）
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