Miami International Holdings, Inc. Reports 2018 Trading Results for MIAX Exchange Group; New Market Share and Volume Records Set as MIAX Options and MIAX PEARL Both Exceed 200 Million Contracts Executed

Miami International Holdings, Inc. Reports 2018 Trading Results for MIAX Exchange Group; New Market Share and Volume Records Set as MIAX Options and MIAX PEARL Both Exceed 200 Million Contracts Executed

PR Newswire

PRINCETON, New Jersey, Jan. 7, 2019

PRINCETON, New Jersey, Jan. 7, 2019 /PRNewswire/ -- Miami International Holdings, Inc. today reported the 2018 trading activity for its two fully electronic options exchanges – MIAX Options® and MIAX PEARL (together, the MIAX Exchange Group), with MIAX PEARL and the MIAX Exchange Group setting new market share and volume records over the course of the year.


Trading Volume for MIAX Options and MIAX PEARL,
Current Month

Year Ended

Total Options Contracts

Dec-18

Dec-17

% Chg

Nov-18

% Chg

Dec-18

Dec-17

% Chg

Trading Days

19

20


21


251

251


U.S. Equity Options Industry

376,883,978

295,021,139

27.7%

383,838,299

-1.8%

4,572,482,342

3,689,013,636

23.9%

MIAX Exchange Group

36,720,823

19,065,271

92.6%

35,517,539

3.4%

421,320,501

232,223,967

81.4%

MIAX Options

14,935,763

12,417,341

20.3%

15,275,068

-2.2%

200,711,418

191,153,873

5.0%

MIAX PEARL

21,785,060

6,647,930

227.7%

20,242,471

7.6%

220,609,083

41,070,094

437.2%


Options ADV

Dec-18

Dec-17

% Chg

Nov-18

% Chg

Dec-18

Dec-17

% Chg

U.S. Equity Options Industry

19,835,999

14,751,057

34.5%

18,278,014

8.5%

18,217,061

14,697,265

23.9%

MIAX Exchange Group

1,932,675

953,264

102.7%

1,691,311

14.3%

1,678,568

925,195

81.4%

MIAX Options

786,093

620,867

26.6%

727,384

8.1%

799,647

761,569

5.0%

MIAX PEARL

1,146,582

332,397

244.9%

963,927

18.9%

878,921

163,626

437.2%










Market Share

Dec-18

Dec-17

% Chg

Nov-18

% Chg

Dec-18

Dec-17

% Chg

MIAX Exchange Group

9.74%

6.46%

50.8%

9.25%

5.3%

9.21%

6.30%

46.4%

MIAX Options

3.96%

4.21%

-5.8%

3.98%

-0.4%

4.39%

5.18%

-15.3%

MIAX PEARL

5.78%

2.25%

156.5%

5.27%

9.6%

4.82%

1.11%

333.4%

 

2018 Market Share and Volume Records:

MIAX PEARL

MIAX PEARL Records

Single Day

Market Share

6.47%

December 27, 2018

Volume

1,693,277

October 11, 2018

Monthly

Market Share

5.78%

December 2018

Volume

26,638,243

October 2018

Quarterly

Market Share

5.48%

Q4 2018

Volume

68,665,774

Q4 2018

 

MIAX EXCHANGE GROUP

MIAX Exchange Group Records

Single Day

Market Share

11.40%

May 23, 2018

Volume

2,783,973

October 11, 2018

Monthly

Market Share

10.23%

June 2018

Volume

47,333,382

October 2018

Quarterly

Market Share

9.71%

Q3 2018

Volume

119,571,744

Q4 2018

 

Other 2018 achievements and announcements include:

MIAX Options

MIAX PEARL

MIH

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



JConnelly Media Contact:

Tony Kono


(973) 525-6855


tkono@jconnelly.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 Options) and MIAX PEARL, LLC (MIAX PEARL and together with MIAX Options, the MIAX Exchange Group), two fully electronic options trading exchanges. MIH is also the parent holding company of MIAX Emerald, LLC (MIAX Emerald), a third options exchange expected to join the MIAX Exchange Group on February 22, 2019. 

MIAX Options currently lists and trades options on approximately 2,800 multi-listed classes. MIAX Options' unparalleled system throughput is approximately 38 million quotes per second. The average latency for a single quote on MIAX Options is approximately 17.56 microseconds for a full round trip. At the 99th and 99.9th percentiles, the latency on MIAX Options is approximately 25.69 and 57.67 microseconds, respectively.

MIAX PEARL launched trading operations on February 6, 2017 and currently lists and trades options on approximately 2,800 multi-listed classes. The average latency for a single order on MIAX PEARL is approximately 24.42 microseconds for a round trip. At the 99th and 99.9th percentiles, the latency on MIAX PEARL is approximately 32.35 and 60.38 microseconds, respectively.

The MIAX Exchange Group has assembled a team with deep rooted experience in developing, operating and trading on options exchanges, and its trading platforms have been developed in-house and designed from the ground up for the unique functional and performance demands of derivatives trading. MIAX Options, MIAX PEARL, and MIAX Emerald (following launch) leverage the MIAX Exchange Group's industry-leading technology and infrastructure to provide their member firms with traditional pricing and pro rata allocation (MIAX Options) and maker-taker pricing and price-time allocation (MIAX PEARL)  market structures, as well as a hybrid market structure with maker-taker pricing and pro rata allocation (MIAX Emerald). The MIAX Exchange Group's executive offices and National Operations Center are located in Princeton, New Jersey. The MIAX Exchange Group also maintains a Miami Operations Center in Miami, Florida, which contains the Miami Annual Meeting and Conference Center and the offices of MIAX Technologies and MIAX Global.

In addition to MIAX PEARL, MIAX Options and MIAX Emerald, MIH is the parent holding company of Miami International Technologies, LLC (MIAX Technologies) and MIAX Global, LLC (MIAX Global). MIAX Technologies is MIH's technology subsidiary for the sale and/or license of the trading technology developed by the MIAX Exchange Group. MIAX Global focuses on merger, acquisition and joint venture activities of MIH. MIAX Global also provides technology and other services outside of North America, with its initial concentration being on Europe and Latin America.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements

The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of MIH, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning the plans, objectives, expectations and intentions and other statements that are not historical or current facts of MIH, together with its subsidiaries, including MIAX Options and MIAX PEARL (collectively, the Company). Forward-looking statements include, but are not limited to, statements about the possible or assumed future results of operations of the Company; the competitive position of the Company; potential growth opportunities available to the Company; the expectation with respect to securities, options and future markets and general economic conditions; the effects of competition on the Company's business; and the impact of future legislation and regulatory changes on the Company's business. Forward-looking statements are based on the Company's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements.

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