Miami International Holdings Reports January 2020 Trading Results and New Records for MIAX Exchange Group

PRINCETON, N.J., Feb. 4, 2020 /PRNewswire/ — Miami International Holdings, Inc. (MIH) today reported the January 2020 trading results for its three fully electronic options exchanges – MIAX®, MIAX PEARL® and MIAX Emerald™ (together, the MIAX Exchange Group™). The MIAX Exchange Group collectively executed over 48.5 million equity option contracts in January for a combined average daily volume (ADV) of 2,314,111 contracts, representing a total U.S. equity options market share of 10.30%.

Trading Volume for MIAX Exchange Group,

Current Month

Year-to-Date Comparison
Equity Options ContractsJan-20Jan-19% Chg.Dec-19% Chg.Jan-20Jan-19% Chg.
Trading Days2121212121
U.S. Equity Options Industry471,771,710375,222,95925.7%373,792,46326.2%471,771,710375,222,95925.7%
MIAX Exchange Group48,596,33237,304,76730.3%36,464,33733.3%48,596,33237,304,76730.3%
MIAX20,949,52715,719,88833.3%14,723,87042.3%20,949,52715,719,88833.3%
MIAX PEARL23,902,82721,584,87910.7%18,507,07829.2%23,902,82721,584,87910.7%
MIAX Emerald3,743,9783,233,38915.8%3,743,978
Equity Options ADVJan-20Jan-19% Chg.Dec-19% Chg.Jan-20Jan-19% Chg.
U.S. Equity Options Industry22,465,32017,867,76025.7%17,799,64126.2%22,465,32017,867,76025.7%
MIAX Exchange Group2,314,1111,776,41730.3%1,736,39733.3%2,314,1111,776,41730.3%
MIAX997,597748,56633.3%701,13742.3%997,597748,56633.3%
MIAX PEARL1,138,2301,027,85110.7%881,28929.2%1,138,2301,027,85110.7%
MIAX Emerald178,285153,97115.8%178,285
Equity Option Market Share for MIAX Exchange Group,

Current Month

Year-to-Date Comparison
Equity Options Market ShareJan-20Jan-19% Chg.Dec-19% Chg.Jan-20Jan-19% Chg.
MIAX Exchange Group10.30%9.94%3.6%9.76%5.6%10.30%9.94%3.6%
MIAX4.44%4.19%6.0%3.94%12.7%4.44%4.19%6.0%
MIAX PEARL5.07%5.75%-11.9%4.95%2.3%5.07%5.75%-11.9%
MIAX Emerald0.79%0.87%-8.3%0.79%

Other achievements and announcements include:

MIAX Emerald

  • New monthly record for equity option contracts executed
    • 3,743,978 contracts executed in January 2020

MIAX Exchange Group

  • New daily record for equity option contracts executed
    • 3,344,629 contracts collectively executed on MIAX, MIAX PEARL, and MIAX Emerald on January 31, 2020
  • New monthly record for equity option contracts executed
    • 48,596,332 contracts collectively executed on MIAX, MIAX PEARL, and MIAX Emerald in January 2020

For further information regarding the MIAX Exchange Group, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com.

Corporate Communications Contact:Dominique Prunetti-Miller
(609) 897-1465
dprunetti@miami-holdings.com

About MIH and the MIAX Exchange Group

Miami International Holdings, Inc. (MIH) is the parent holding company of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX PEARL®) and MIAX Emerald, LLC (MIAX Emerald™ and together with MIAX and MIAX PEARL, the MIAX Exchange Group™), three fully electronic options trading exchanges.

MIAX, MIAX PEARL and MIAX Emerald leverage the MIAX Exchange Group’s industry-leading technology and infrastructure to provide their member firms with traditional pricing and pro rata allocation (MIAX), maker-taker pricing and price-time allocation (MIAX PEARL) market structures, and a hybrid market structure with maker-taker pricing and pro rata allocation (MIAX Emerald).

MIAX Options serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY).

The MIAX Exchange Group’s executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL.

MIH also owns a controlling interest in the Bermuda Stock Exchange.

To learn more about MIH and the MIAX Exchange Group visit www.MIAXOptions.com.

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