PRINCETON, New Jersey, May 3, 2019 /PRNewswire/ — Miami International Holdings, Inc. (MIH) today reported the April 2019 trading activity 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 37 million equity option contracts in April for a combined average daily volume (ADV) of 1,765,446 contracts, representing a total U.S. equity options market share of 10.75%.
|Trading Volume for MIAX Exchange Group,
|Equity Options Contracts||April-19||April-18||% Chg.||Mar-19||% Chg.||April-19||April-18||% Chg.|
|U.S. Equity Options
|MIAX Exchange Group||37,074,375||30,457,841||21.7%||36,139,275||2.6%||142,066,631||126,986,412||11.9%|
|Equity Options ADV||April-19||April-18||% Chg.||Mar-19||% Chg.||April-19||April-18||% Chg.|
|U.S. Equity Options
|MIAX Exchange Group||1,765,446||1,450,373||21.7%||1,720,918||2.6%||1,732,520||1,548,615||11.9%|
|Equity Option Market Share for MIAX Exchange Group,
|Equity Options Market
|April-19||April-18||% Chg.||Mar-19||% Chg.||April-19||April-18||% Chg.|
|MIAX Exchange Group||10.75%||8.55%||25.7%||9.89%||8.8%||10.13%||8.19%||23.7%|
Other news and achievements include:
- Announced partnership with the Minneapolis Grain Exchange, Inc. (MGEX) pursuant to which MGEX will serve as the exclusive exchange to list, trade and clear futures products on the SPIKES® Volatility Index, subject to CFTC approval.
- Announced partnership with Templum Inc., a leading innovating financial technology company, and its subsidiary, Templum Markets, LLC, to develop a fully regulated, SEC-registered exchange to list and trade digital securities operated as a facility of an exchange owned by MIH, subject to SEC approval.
- Reached 1% market share on April 2, 2019, 23 days following launch.
- Completed its strategic symbol rollout on April 29, 2019 and now list over 2,680 symbols.
MIAX Exchange Group
- New daily record for market share during April 2019
- 11.64% market share achieved collectively on MIAX, MIAX PEARL, and MIAX Emerald on April 15, 2019
- New monthly record for market share during April 2019
- 10.75% market share achieved collectively on MIAX, MIAX PEARL, and MIAX Emerald
For further information on SPIKES, please visit: https://www.miaxoptions.com/
|Corporate Communications Contact:||Dominique Prunetti-Miller|
|JConnelly Media Contact:||Tony Kono|
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 a Miami Operations Center and additional offices located in Miami, FL.
To learn more about MIH and the MIAX Exchange Group visit www.MIAXOptions.com.
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