Miami International Holdings, Inc. (MIH) today reported January 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™).
January 2024 Trading Volume and Market Share Highlights
- Total multi-listed monthly options volume for the MIAX Exchange Group reached a monthly volume of 140.5 million contracts, a 3.7% increase year-over-year (YoY) and representing an increase of 9.5% from December 2023. January 2024 market share reached 15.75%, a 1.1% decrease YoY.
- MIAX Options reached a monthly volume of 56.9 million contracts, a 3.4% increase YoY and a 10.6% increase from December 2023. January 2024 market share reached 6.37%, a 1.3% decrease YoY.
- MIAX Pearl Options reached a monthly volume of 51.9 million contracts, a 9.3% decrease YoY and representing a 12.0% increase from December 2023.
- MIAX Emerald Options reached a monthly volume of 31.7 million contracts, a 36.2% increase YoY and a 4.0% increase from December 2023. January 2024 market share reached 3.56%, a 30.0% increase YoY.
- In U.S. equities, MIAX Pearl Equities™ volume reached a monthly volume of 4.6 billion shares, a 105.3% increase YoY and representing a 4.9% increase from December 2023. January 2024 market share reached 1.90%, a 91.7% increase YoY.
- In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reached a monthly volume of 220,026 contracts, a 32.9% increase YoY and representing a 61.0% increase from December 2023.
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 |
Jan-24 |
Jan-23 |
% Chg |
Dec-23 |
% Chg |
Jan-24 |
Jan-23 |
% Chg |
|
|
Trading Days |
21 |
20 |
20 |
21 |
20 |
||||
|
U.S. Equity Options Industry |
891,961,535 |
851,299,299 |
4.8 % |
831,449,638 |
7.3 % |
891,961,535 |
851,299,299 |
4.8 % |
|
|
MIAX Exchange Group |
140,525,814 |
135,562,425 |
3.7 % |
128,287,450 |
9.5 % |
140,525,814 |
135,562,425 |
3.7 % |
|
|
MIAX Options |
56,855,169 |
54,968,897 |
3.4 % |
51,400,676 |
10.6 % |
56,855,169 |
54,968,897 |
3.4 % |
|
|
MIAX Pearl |
51,931,661 |
57,286,437 |
-9.3 % |
46,372,764 |
12.0 % |
51,931,661 |
57,286,437 |
-9.3 % |
|
|
MIAX Emerald |
31,738,984 |
23,307,091 |
36.2 % |
30,514,010 |
4.0 % |
31,738,984 |
23,307,091 |
36.2 % |
|
|
Multi-Listed Options ADV |
Jan-24 |
Jan-23 |
% Chg |
Dec-23 |
% Chg |
Jan-24 |
Jan-23 |
% Chg |
|
|
U.S. Equity Options Industry |
42,474,359 |
42,564,965 |
-0.2 % |
41,572,482 |
2.2 % |
42,474,359 |
42,564,965 |
-0.2 % |
|
|
MIAX Exchange Group |
6,691,705 |
6,778,121 |
-1.3 % |
6,414,373 |
4.3 % |
6,691,705 |
6,778,121 |
-1.3 % |
|
|
MIAX Options |
2,707,389 |
2,748,445 |
-1.5 % |
2,570,034 |
5.3 % |
2,707,389 |
2,748,445 |
-1.5 % |
|
|
MIAX Pearl |
2,472,936 |
2,864,322 |
-13.7 % |
2,318,638 |
6.7 % |
2,472,936 |
2,864,322 |
-13.7 % |
|
|
MIAX Emerald |
1,511,380 |
1,165,355 |
29.7 % |
1,525,701 |
-0.9 % |
1,511,380 |
1,165,355 |
29.7 % |
|
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options Market |
Jan-24 |
Jan-23 |
% Chg |
Dec-23 |
% Chg |
Jan-24 |
Jan-23 |
% Chg |
|
|
MIAX Exchange Group |
15.75 % |
15.92 % |
-1.1 % |
15.43 % |
2.1 % |
15.75 % |
15.92 % |
-1.1 % |
|
|
MIAX Options |
6.37 % |
6.46 % |
-1.3 % |
6.18 % |
3.1 % |
6.37 % |
6.46 % |
-1.3 % |
|
|
MIAX Pearl |
5.82 % |
6.73 % |
-13.5 % |
5.58 % |
4.4 % |
5.82 % |
6.73 % |
-13.5 % |
|
|
MIAX Emerald |
3.56 % |
2.74 % |
30.0 % |
3.67 % |
-3.0 % |
3.56 % |
2.74 % |
30.0 % |
|
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Jan-24 |
Jan-23 |
% Chg |
Dec-23 |
% Chg |
Jan-24 |
Jan-23 |
% Chg |
|
Trading Days |
21 |
20 |
20 |
21 |
20 |
|||
|
U.S. Equities Industry |
242,622 |
226,550 |
7.1 % |
247,729 |
-2.1 % |
242,622 |
226,550 |
7.1 % |
|
MIAX Pearl Volume |
4,604 |
2,243 |
105.3 % |
4,387 |
4.9 % |
4,604 |
2,243 |
105.3 % |
|
MIAX Pearl ADV |
219 |
112 |
95.5 % |
219 |
-0.1 % |
219 |
112 |
95.5 % |
|
MIAX Pearl Market Share |
1.90 % |
0.99 % |
91.7 % |
1.77 % |
7.2 % |
1.90 % |
0.99 % |
91.7 % |
|
Futures & Options Trading Volume and Open |
Year-to-Date Comparison |
|||||||
|
Futures Contracts |
Jan-24 |
Jan-23 |
% Chg |
Dec-23 |
% Chg |
Jan-24 |
Jan-23 |
% Chg |
|
Trading Days |
21 |
20 |
20 |
21 |
20 |
|||
|
MGEX Total |
220,026 |
165,600 |
32.9 % |
136,652 |
61.0 % |
220,026 |
165,600 |
32.9 % |
|
MGEX Average Daily Volume |
10,477 |
8,280 |
26.5 % |
6,833 |
53.3 % |
10,477 |
8,280 |
26.5 % |
|
MGEX Open Interest |
80,674 |
65,286 |
23.6 % |
63,238 |
27.6 % |
|||
