#USA #Miami #MIAX Options #MIAX Futures #MIAX Exchange

Miami International Holdings Trading Results for November 2024

Miami International Holdings, Inc. (MIH), a leader in regulated financial markets technology, announced remarkable trading results for November 2024. The company's U.S. exchange subsidiaries - including MIAX®, MIAX Pearl®, MIAX Emerald®, and MIAX Sapphire™ - reported substantial growth in multi-listed options trading, achieving record volumes.

Market Overview

In November 2024, the MIAX Exchange Group reached a total of 163 million contracts for multi-listed options trading, marking a 34.9% year-over-year (YoY) increase. This resulted in a market share increase of 9.3%, reaching 16.1%. Furthermore, year-to-date volume has surged to a record of 1.5 billion contracts, reflecting a 4.5% increase compared to the same period in 2023.

The newly launched MIAX Sapphire also performed admirably, with a monthly volume of 18.5 million contracts and a market share of 1.8% for November. Notably, MIAX Sapphire set a daily record of 1.2 million contracts on November 15, 2024. Since its launch on August 12, MIAX Sapphire has expanded to over 3,800 available classes for trading.

Breaking Down the Numbers

• - MIAX Options registered 60.8 million contracts, a 25.5% YoY increase, achieving a market share of 6.0%.
• - MIAX Pearl Options, however, saw a decline, reporting 32.0 million contracts, a 33.6% decrease YoY, resulting in a market share of 3.2%.
• - In contrast, MIAX Emerald marked a significant achievement with a 113.5% increase YoY, totaling 51.7 million contracts and a market share of 5.1%.

In the equities sector, MIAX Pearl Equities realized a monthly volume of 3.8 billion shares, a drop of 18.3% YoY, resulting in a market share of 1.3%. Nevertheless, year-to-date trading volume in U.S. equities reached a record 46.0 billion shares, marking an 8.2% increase from the previous year.

Futures Trading

In terms of futures, MIAX Futures saw a monthly volume of 342,348 contracts, with a 4.3% increase YoY. This demonstrates the growing interest and participation in the futures market under MIAX's platform.

Company Profile

Miami International Holdings, Inc. operates several exchanges, including MIAX, MIAX Pearl, MIAX Emerald, MIAX Sapphire, as well as the MIAX Futures Exchange. These exchanges leverage MIAX's proprietary technology, which has been developed to meet the stringent performance demands of the U.S. options trading industry, focusing on aspects like latency and reliability.

The MIAX trading platform, recognized for its efficiency, supports high-performance quoting and has become an appealing choice for many market participants. It provides a comprehensive trading environment for options and cash equities while continually expanding its offerings to meet the evolving demands of investors.

With a commitment to fostering a robust trading ecosystem, Miami International Holdings continues to pave the way for innovative trading solutions and enhanced market accessibility for its clients.

Conclusion

November 2024's trading results underscore Miami International Holdings' impressive growth trajectory. With significant increases in both market share and trading volumes across multiple asset classes, MIH demonstrates its strength in the financial markets. As the company continues to innovate and expand its offerings, it is well-positioned to meet the future demands of traders and investors alike.