Miami International Holdings Reports October 2020 Options Trading Results for MIAX Exchange Group; Year-to-Date Market Share up Approximately 21% from 2019

Miami International Holdings Reports October 2020 Options Trading Results for MIAX Exchange Group; Year-to-Date Market Share up Approximately 21% from 2019

PR Newswire

PRINCETON, N.J., Nov. 9, 2020

PRINCETON, N.J., Nov. 9, 2020 /PRNewswire/ -- Miami International Holdings, Inc. (MIH) today reported October 2020 options trading results for its three securities exchanges – MIAX®, MIAX PEARL® and MIAX Emerald® (together, the MIAX Exchange Group™). The MIAX Exchange Group collectively executed over 73.3 million equity option contracts in October for a combined average daily volume (ADV) of 3,332,755 contracts, representing a total U.S. equity options market share of 12.26%.

Trading Volume for MIAX Exchange Group,

Current Month

Year-to-Date Comparison

Equity Options Contracts

Oct-20

Oct-19

% Chg

Sept-20

% Chg

Oct-20

Oct-19

% Chg

Trading Days

22

23


21


211

211


U.S. Equity Options Industry

597,964,688

402,970,144

48.4%

632,751,329

-5.5%

5,644,483,700

3,688,868,199

53.0%

MIAX Exchange Group

73,320,613

41,770,074

75.5%

86,720,900

-15.5%

678,770,274

367,270,081

84.8%

MIAX

31,035,089

16,846,978

84.2%

36,901,910

-15.9%

273,837,749

146,909,845

86.4%

MIAX PEARL

20,740,055

21,308,131

-2.7%

23,864,559

-13.1%

249,352,968

198,166,617

25.8%

MIAX Emerald

21,545,469

3,614,965

496.0%

25,954,431

-17.0%

155,579,557

22,193,619

601.0%

Equity Options ADV

Oct-20

Oct-19

% Chg

Sept-20

% Chg

Oct-20

Oct-19

% Chg

U.S. Equity Options Industry

27,180,213

17,520,441

55.1%

30,131,016

-9.8%

26,751,108

17,482,788

53.0%

MIAX Exchange Group

3,332,755

1,816,090

83.5%

4,129,567

-19.3%

3,216,921

1,740,616

84.8%

MIAX

1,410,686

732,477

92.6%

1,757,234

-19.7%

1,297,809

696,255

86.4%

MIAX PEARL

942,730

926,440

1.8%

1,136,408

-17.0%

1,181,768

939,178

25.8%

MIAX Emerald

979,340

157,172

523.1%

1,235,925

-20.8%

737,344

105,183

601.0%

 

Equity Option Market Share for MIAX Exchange Group,

Current Month

Year-to-Date Comparison

Equity Options Market Share

Oct-20

Oct-19

% Chg

Sept-20

% Chg

Oct-20

Oct-19

% Chg

MIAX Exchange Group

12.26%

10.37%

18.3%

13.71%

-10.5%

12.03%

9.96%

20.8%

MIAX

5.19%

4.18%

24.1%

5.83%

-11.0%

4.85%

3.98%

21.8%

MIAX PEARL

3.47%

5.29%

-34.4%

3.77%

-8.0%

4.42%

5.37%

-17.8%

MIAX Emerald

3.60%

0.90%

301.7%

4.10%

-12.2%

2.76%

0.60%

358.1%

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:

Natalie Kay, Karma Agency


nkay@karmaagency.com


215-790-7806

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

MIAX, MIAX PEARL and MIAX Emerald options exchanges 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).

Under MIAX PEARL's exchange license, MIAX PEARL Equities™ provides its members with best-in-class performance through a combination of high determinism, low latency and high throughput. MIAX PEARL Equities has maker-taker pricing and a price-time allocation model.

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

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

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