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Miami International Holdings, Inc. (MIH) today reported September 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 86.7 million equity option contracts in September for a combined average daily volume (ADV) of 4,129,567 contracts, representing a total U.S. equity options market share of 13.71%.
|
Trading Volume for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Equity Options Contracts |
Sept-20 |
Sept-19 |
% Chg |
Aug-20 |
% Chg |
Sept-20 |
Sept-19 |
% Chg |
|
Trading Days |
21 |
20 |
21 |
189 |
188 |
|||
|
U.S. Equity Options Industry |
632,751,329 |
360,693,463 |
75.4% |
582,394,732 |
8.6% |
5,046,519,012 |
3,285,898,055 |
53.6% |
|
MIAX Exchange Group |
86,720,900 |
35,997,644 |
140.9% |
70,996,814 |
22.1% |
605,449,661 |
325,500,007 |
86.0% |
|
MIAX |
36,901,910 |
13,958,514 |
164.4% |
28,298,707 |
30.4% |
242,802,660 |
130,062,867 |
86.7% |
|
MIAX PEARL |
23,864,559 |
19,115,274 |
24.8% |
23,805,458 |
0.2% |
228,612,913 |
176,858,486 |
29.3% |
|
MIAX Emerald |
25,954,431 |
2,923,856 |
787.7% |
18,892,649 |
37.4% |
134,034,088 |
18,578,654 |
621.4% |
|
Equity Options ADV |
Sept-20 |
Sept-19 |
% Chg |
Aug-20 |
% Chg |
Sept-20 |
Sept-19 |
% Chg |
|
U.S. Equity Options Industry |
30,131,016 |
18,034,673 |
67.1% |
27,733,082 |
8.6% |
26,701,159 |
17,478,181 |
52.8% |
|
MIAX Exchange Group |
4,129,567 |
1,799,882 |
129.4% |
3,380,801 |
22.1% |
3,203,437 |
1,731,383 |
85.0% |
|
MIAX |
1,757,234 |
697,926 |
151.8% |
1,347,557 |
30.4% |
1,284,670 |
691,824 |
85.7% |
|
MIAX PEARL |
1,136,408 |
955,764 |
18.9% |
1,133,593 |
0.2% |
1,209,592 |
940,737 |
28.6% |
|
MIAX Emerald |
1,235,925 |
146,193 |
745.4% |
899,650 |
37.4% |
709,175 |
98,823 |
617.6% |
|
Equity Option Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Equity Options Market Share |
Sept-20 |
Sept-19 |
% Chg |
Aug-20 |
% Chg |
Sept-20 |
Sept-19 |
% Chg |
|
MIAX Exchange Group |
13.71% |
9.98% |
37.3% |
12.19% |
12.4% |
12.00% |
9.91% |
21.1% |
|
MIAX |
5.83% |
3.87% |
50.7% |
4.86% |
20.0% |
4.81% |
3.96% |
21.6% |
|
MIAX PEARL |
3.77% |
5.30% |
-28.8% |
4.09% |
-7.7% |
4.53% |
5.38% |
-15.8% |
|
MIAX Emerald |
4.10% |
0.81% |
406.0% |
3.24% |
26.4% |
2.66% |
0.57% |
369.7% |
Other news and achievements include:
MIAX
- New daily record for contracts executed
- 2,707,322 contracts on September 4, 2020
- New monthly record for contracts executed
- 36,901,910 contracts executed
MIAX Emerald
- New daily market share record
- 4.96% market share on September 3, 2020
- New monthly market share record
- 4.10% market share
- New daily record for contracts executed
- 2,028,075 on September 3, 2020
- New monthly record for contracts executed
- 25,954,431 contracts
MIAX Exchange Group
- New daily market share record
- 15.50% market share on September 3, 2020
- New monthly market share record
- 13.71% market share
- New daily record for contracts executed
- 6,664,360 on September 3, 2020
- New monthly record for contracts executed
- 86,720,900 contracts
MIH
- Launched MIAX PEARL Equities™, its first equities exchange, which completed its first day of live trading in the symbol NTGR (NETGEAR Inc.) on September 29, 2020. Additional symbols are expected to be rolled out in the coming weeks.
- Announced that it had finalized a strategic transaction with industry-leading firms to trade on MIAX PEARL Equities. Among the firms participating in the transaction are Citadel Securities, LLC, Hudson River Trading, Jump Trading Group, Simplex Trading, LLC, Susquehanna Securities, LLC, and UBS.
- Jointly announced with the Minneapolis Grain Exchange, Inc. (MGEX) that MGEX membership overwhelmingly voted in favor of demutualizing. As a result, MIH and MGEX can now proceed with merger preparations in accordance with the agreement and plan of merger previously announced by the parties. The transaction is expected to close in the fourth quarter of 2020, subject to customary closing conditions including certain regulatory approvals.
- Announced that it had completed an equity investment in Diamond Standard, Inc. (Diamond Standard). As part of this transaction, MIH and Diamond Standard have partnered to collaborate in multiple areas, including the development and listing of diamond-based futures and options based on Diamond Standard products. All futures and options products remain subject to regulatory approval.
