#United States #Miami #trading results #MIAX Exchange #Miami International

Miami International Holdings Unveils Trading Success in December and 2024

Overview

Miami International Holdings, Inc. (MIH), a prominent player in the financial markets technology sector, has announced remarkable trading results for December 2024 and the entirety of the fiscal year. The MIAX Exchange Group, which encompasses the MIAX, MIAX Pearl, MIAX Emerald, and MIAX Sapphire exchanges, reported breaking numerous volume and market share records in both options and equities markets.

Highlights of Trading Performance

The data reveals a phenomenal milestone for the MIAX Exchange Group, with total multi-listed options volume surging to a staggering 1.7 billion contracts in 2024. This accomplishment reflects a notable increase of 6.5% year-on-year (YoY), although the annual market share experienced a decline of 3.8%, settling at 15.1%.

In December alone, the volume reached an impressive 165.6 million contracts, which showcases an astounding 29.1% growth compared to December of the previous year, and yielded a monthly market share of 16.4%, up by 6.0% YoY.

Individual Exchange Performances

• - MIAX Sapphire, which launched on August 12, 2024, accounted for 65.0 million contracts over the year, reaching 18.4 million in December—a notable market share of 1.8%.

• - MIAX Options recorded a total of 691.6 million contracts, which translates to a 9.1% YoY increase, achieving a 6.2% market share. The December volume was also remarkable, totaling 63.4 million contracts, a 23.3% YoY increase.

• - MIAX Pearl Options, contrastingly, faced a substantial 27.7% decline to reach 468.0 million contracts for the year and saw a significant drop in December volumes, totaling 31.3 million contracts.

• - In a striking comparison, MIAX Emerald saw remarkable growth with 465.6 million contracts in 2024, marking a 52.2% increase YoY and achieving a record market share of 4.2%. The December performance was robust as well, reporting a 72.0% increase in volume.

Equities and Futures Trading Highlights

Examining the equities sector, MIAX Pearl Equities reached its highest volume ever, tallying 49.9 billion shares in 2024. However, this was a slight drop in market share by 4.4% to 1.6%. December's volumes also saw a decrease to 3.8 billion shares, which marked a decrease of 12.8% YoY and a significant 30.0% drop in market share.

On the futures side, MIAX Futures established a record with 3.2 million contracts traded in 2024, an impressive increase of 10.2%. December reflected a strong performance with 197,513 contracts, demonstrating a robust 44.5% increase YoY.

Summary of Achievements

In summary, December 2024 marked a key period for Miami International Holdings, underpinned by substantial growth in trading volume and share across multiple exchanges. Although some sectors, such as MIAX Pearl Options, showed a decline, the overall performance by other exchanges underscored the resilience and competitive prowess of MIH in regulated financial markets.

The MIAX Exchange group continues to innovate and adapt to the evolving financial landscape, positioning itself strongly for the future, as evidenced by these impressive results. As trading technologies advance and market conditions fluctuate, MIAX remains a pivotal player driving the growth of options and equities trading in the United States.

For more information, visit MIAX’s website and stay updated on all trading developments and strategies.