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Miami International Holdings, Inc. (MIH) today reported February 2024 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group), and Minneapolis Grain Exchange (MGEX™).
February 2024 and Year-to-Date Trading Volume and Market Share Highlights
- Total multi-listed options volume for the MIAX Exchange Group reached a monthly total of 145.3 million contracts, a 6.0% increase year-over-year (YoY) and representing an increase of 3.4% from January 2024. February 2024 market share reached 16.34%, a 2.7% decrease YoY. Total year-to-date (YTD) volume reached a record 285.8 million contracts, a 4.8% increase from the same period in 2023.
- MIAX Options reached a monthly volume of 58.3 million contracts, a 6.3% increase YoY and a 2.6% increase from January 2024. February 2024 market share reached 6.56%, a 2.4% decrease YoY. Total YTD volume reached a record 115.2 million contracts, a 4.9% increase from the same period in 2023.
- MIAX Emerald Options reached a monthly volume of 33.6 million contracts, a 22.7% increase YoY and a 6.0% increase from January 2024. February 2024 market share reached 3.78%, a 12.7% increase YoY.
- In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 4.1 billion shares, a 48.1% increase YoY and representing a market share of 1.73%, a 36.7% increase YoY. Total YTD volume reached a record 8.7 billion shares, a 73.8% increase from the same period in 2023.
- In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reached a monthly volume of 329,921 contracts, a 30.3% increase YoY and representing a 49.9% increase from January 2024.
Additional MIAX Exchange Group and MGEX trading volume and market share information are included in the tables below.
|
Multi-Listed Options Trading Volume for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options |
Feb-24 |
Feb-23 |
% Chg |
Jan-24 |
% Chg |
Feb-24 |
Feb-23 |
% Chg |
|
|
Trading Days |
20 |
19 |
21 |
41 |
39 |
||||
|
U.S. Equity Options Industry |
888,779,369 |
816,156,925 |
8.9 % |
891,961,535 |
-0.4 % |
1,780,740,904 |
1,667,456,224 |
6.8 % |
|
|
MIAX Exchange Group |
145,254,160 |
137,080,466 |
6.0 % |
140,525,814 |
3.4 % |
285,779,974 |
272,642,891 |
4.8 % |
|
|
MIAX Options |
58,313,579 |
54,863,604 |
6.3 % |
56,855,169 |
2.6 % |
115,168,748 |
109,832,501 |
4.9 % |
|
|
MIAX Pearl |
53,312,809 |
54,820,051 |
-2.7 % |
51,931,661 |
2.7 % |
105,244,470 |
112,106,488 |
-6.1 % |
|
|
MIAX Emerald |
33,627,772 |
27,396,811 |
22.7 % |
31,738,984 |
6.0 % |
65,366,756 |
50,703,902 |
28.9 % |
|
|
Multi-Listed Options ADV |
Feb-24 |
Feb-23 |
% Chg |
Jan-24 |
% Chg |
Feb-24 |
Feb-23 |
% Chg |
|
|
U.S. Equity Options Industry |
44,438,968 |
42,955,628 |
3.5 % |
42,474,359 |
4.6 % |
43,432,705 |
42,755,288 |
1.6 % |
|
|
MIAX Exchange Group |
7,262,708 |
7,214,761 |
0.7 % |
6,691,705 |
8.5 % |
6,970,243 |
6,990,843 |
-0.3 % |
|
|
MIAX Options |
2,915,679 |
2,887,558 |
1.0 % |
2,707,389 |
7.7 % |
2,808,994 |
2,816,218 |
-0.3 % |
|
|
MIAX Pearl |
2,665,640 |
2,885,266 |
-7.6 % |
2,472,936 |
7.8 % |
2,566,938 |
2,874,525 |
-10.7 % |
|
|
MIAX Emerald |
1,681,389 |
1,441,937 |
16.6 % |
1,511,380 |
11.2 % |
1,594,311 |
1,300,100 |
22.6 % |
|
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options Market |
Feb-24 |
Feb-23 |
% Chg |
Jan-24 |
% Chg |
Feb-24 |
Feb-23 |
% Chg |
|
|
MIAX Exchange Group |
16.34 % |
16.80 % |
-2.7 % |
15.75 % |
3.7 % |
16.05 % |
16.35 % |
-1.8 % |
|
|
MIAX Options |
6.56 % |
6.72 % |
-2.4 % |
6.37 % |
2.9 % |
6.47 % |
6.59 % |
-1.8 % |
|
|
MIAX Pearl |
6.00 % |
6.72 % |
-10.7 % |
5.82 % |
3.0 % |
5.91 % |
6.72 % |
-12.1 % |
|
|
MIAX Emerald |
3.78 % |
3.36 % |
12.7 % |
3.56 % |
6.3 % |
3.67 % |
3.04 % |
20.7 % |
|
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Feb-24 |
Feb-23 |
% Chg |
Jan-24 |
% Chg |
Feb-24 |
Feb-23 |
% Chg |
|
Trading Days |
20 |
19 |
21 |
41 |
39 |
|||
|
U.S. Equities Industry |
234,704 |
216,694 |
8.3 % |
242,622 |
-3.3 % |
477,325 |
443,244 |
7.7 % |
|
MIAX Pearl Volume |
4,062 |
2,743 |
48.1 % |
4,604 |
-11.8 % |
8,667 |
4,986 |
73.8 % |
|
MIAX Pearl ADV |
203 |
144 |
40.7 % |
219 |
-7.4 % |
211 |
128 |
65.3 % |
|
MIAX Pearl Market Share |
1.73 % |
1.27 % |
36.7 % |
1.90 % |
-8.8 % |
1.82 % |
1.12 % |
61.4 % |
|
Futures & Options Trading Volume and Open |
Year-to-Date Comparison |
|||||||
|
Futures Contracts |
Feb-24 |
Feb-23 |
% Chg |
Jan-24 |
% Chg |
Feb-24 |
Feb-23 |
% Chg |
|
Trading Days |
20 |
19 |
21 |
41 |
39 |
|||
|
MGEX Total |
329,921 |
253,274 |
30.3 % |
220,026 |
49.9 % |
549,947 |
418,874 |
31.3 % |
|
MGEX Average Daily Volume |
16,496 |
13,330 |
23.7 % |
10,477 |
57.4 % |
13,413 |
10,740 |
24.9 % |
|
MGEX Open Interest |
71,095 |
57,070 |
24.6 % |
80,674 |
-11.9 % |
|||
