In recent financial disclosures, Miami International Holdings, Inc. (MIH) announced its trading results for January 2025. The company, known for its innovative contributions to regulated financial markets, reported unprecedented trading activity across its diverse exchange offerings, including MIAX, MIAX Pearl, MIAX Emerald, and MIAX Sapphire.
Record Volume Surges
The report indicates that the total multi-listed options volume on the MIAX Exchange Group soared to a historic 177.4 million contracts in January 2025. This marks a remarkable 26.2% increase compared to January of the previous year and reflects a healthy growth trajectory for the exchange, which accounted for 16.7% of the market share - up by 6.0% from the previous year. Among the notable accomplishments was the daily volume peak of 12.0 million contracts reached on January 31, signaling a robust trading environment.
Individual Exchange Performance
Each exchange under the MIAX banner showcased impressive results. MIAX Sapphire, launched in August 2024, achieved an all-time high volume of 20.5 million contracts for January 2025, capturing a market share of 1.9%. It also recorded a daily volume of 1.3 million contracts on January 10, with a peak market share of 2.1%.
MIAX Options didn't lag behind either, as it recorded a monthly volume of 74.0 million contracts, a commendable 30.2% year-over-year growth, translating to 7.0% market share. January 31 marked yet another daily milestone, with 5.1 million contracts traded.
On the other hand, MIAX Emerald reported a staggering 49.5 million contracts traded, indicating a sharp 55.8% increase, while MIAX Pearl faced challenges this month, experiencing a 35.6% decrease in volume compared to the previous year, with 33.4 million contracts and a market share of 3.2%.
Futures Trading Growth
Turning the spotlight to futures, MIAX Futures saw a remarkable increase in activity, with a total volume of 327,114 contracts in January 2025, spiking 48.7% year-over-year. The open interest too showed promising figures, reaching 106,081 contracts by the end of the month, which is a 31.5% rise in comparison to the previous year.
Overall Market Trends
The U.S. equities market exhibited robust performance in January, with the MIAX Pearl Equities platform handling 3.9 billion shares. However, this figure reflects a 15.4% decline compared to last January. MIAX Pearl's market share in equities diminished to 1.3%, down by 33.5%.
The overall trading landscape within the options and futures markets reveals both challenges and successes for MIAX's various exchanges. As the market evolves, MIAX continues to leverage its proprietary technology and innovative approaches to financial trading, ensuring they remain competitive in the rapidly changing landscape of financial services.
About MIAX
Miami International Holdings, Inc. operates multiple exchanges, including MIAX, MIAX Pearl, MIAX Emerald, and MIAX Sapphire, offering diversified trading options across the financial spectrum. Underpinned by advanced technological capabilities, MIAX maintains a strong foothold in the regulatory financial market. For more information about MIAX and its offerings, please visit
www.miaxglobal.com.