Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes and geographies, today reported June 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™).
June 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 115 million contracts, a 19.1% decrease year-over-year (YoY). June 2024 market share reached 13.7%, a 15.5% decrease YoY. Total year-to-date (YTD) volume reached 811.0 million contracts, a 2.3% decrease from the same period in 2023.
- MIAX Options reached a monthly volume of 51.2 million contracts, a 10.4% decrease YoY. June 2024 market share reached 6.1%, a 6.4% decrease YoY. Total YTD volume reached a record 331.5 million contracts, a 0.1% increase from the same period in 2023.
- MIAX Pearl Options reached a monthly volume of 32.2 million contracts, a 45.6% decrease YoY. June 2024 market share reached 3.8%, a 43.1% decrease YoY. Total YTD volume reached 278.7 million contracts, an 18.6% decrease from the same period in 2023.
- MIAX Emerald Options reached a monthly volume of 31.6 million contracts, a 22.2% increase YoY. June 2024 market share reached 3.8%, a 27.7% increase YoY. Total YTD volume reached a record 200.8 million contracts, a 28.5% increase from the same period in 2023.
- In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 3.0 billion shares, 31.3% decrease YoY and representing a market share of 1.3%, a 28.1% decrease YoY. Total YTD volume reached a record 25.8 billion shares, a 24.0% increase from the same period in 2023. YTD market share reached a record 1.8%, an increase of 18.7% 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 346,016 contracts, a 27.4% increase YoY and a 57.1% increase from May 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 Contracts |
Jun-24 |
Jun-23 |
% Chg |
May-24 |
% Chg |
Jun-24 |
Jun-23 |
% Chg |
|
|
Trading Days |
19 |
21 |
22 |
124 |
124 |
||||
|
U.S. Equity Options Industry |
837,628,620 |
875,309,560 |
-4.3 % |
888,512,052 |
-5.7 % |
5,291,681,759 |
5,063,978,540 |
4.5 % |
|
|
MIAX Exchange Group |
114,989,271 |
142,120,689 |
-19.1 % |
130,439,711 |
-11.8 % |
810,990,932 |
829,863,120 |
-2.3 % |
|
|
MIAX Options |
51,218,895 |
57,183,100 |
-10.4 % |
52,569,134 |
-2.6 % |
331,452,604 |
331,096,501 |
0.1 % |
|
|
MIAX Pearl |
32,151,900 |
59,058,771 |
-45.6 % |
43,052,063 |
-25.3 % |
278,700,899 |
342,516,530 |
-18.6 % |
|
|
MIAX Emerald |
31,618,476 |
25,878,818 |
22.2 % |
34,818,514 |
-9.2 % |
200,837,429 |
156,250,089 |
28.5 % |
|
|
Multi-Listed Options ADV |
Jun-24 |
Jun-23 |
% Chg |
May-24 |
% Chg |
Jun-24 |
Jun-23 |
% Chg |
|
|
U.S. Equity Options Industry |
44,085,717 |
41,681,408 |
5.8 % |
40,386,911 |
9.2 % |
42,674,853 |
40,838,537 |
4.5 % |
|
|
MIAX Exchange Group |
6,052,067 |
6,767,652 |
-10.6 % |
5,929,078 |
2.1 % |
6,540,249 |
6,692,445 |
-2.3 % |
|
|
MIAX Options |
2,695,731 |
2,723,005 |
-1.0 % |
2,389,506 |
12.8 % |
2,673,005 |
2,670,133 |
0.1 % |
|
|
MIAX Pearl |
1,692,205 |
2,812,322 |
-39.8 % |
1,956,912 |
-13.5 % |
2,247,588 |
2,762,230 |
-18.6 % |
|
|
MIAX Emerald |
1,664,130 |
1,232,325 |
35.0 % |
1,582,660 |
5.1 % |
1,619,657 |
1,260,081 |
28.5 % |
|
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options Market Share |
Jun-24 |
Jun-23 |
% Chg |
May-24 |
% Chg |
Jun-24 |
Jun-23 |
% Chg |
|
|
MIAX Exchange Group |
13.73 % |
16.24 % |
-15.5 % |
14.68 % |
-6.5 % |
15.33 % |
16.39 % |
-6.5 % |
|
|
MIAX Options |
6.11 % |
6.53 % |
-6.4 % |
5.92 % |
3.4 % |
6.26 % |
6.54 % |
-4.2 % |
|
|
MIAX Pearl |
3.84 % |
6.75 % |
-43.1 % |
4.85 % |
-20.8 % |
5.27 % |
6.76 % |
-22.1 % |
|
|
MIAX Emerald |
3.77 % |
2.96 % |
27.7 % |
3.92 % |
-3.7 % |
3.80 % |
3.09 % |
23.0 % |
|
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Jun-24 |
Jun-23 |
% Chg |
May-24 |
% Chg |
Jun-24 |
Jun-23 |
% Chg |
|
Trading Days |
19 |
21 |
22 |
124 |
124 |
|||
|
U.S. Equities Industry |
225,690 |
236,192 |
-4.4 % |
274,062 |
-17.7 % |
1,458,681 |
1,396,922 |
4.4 % |
|
MIAX Pearl Volume |
3,022 |
4,395 |
-31.3 % |
4,591 |
-34.2 % |
25,847 |
20,846 |
24.0 % |
|
MIAX Pearl ADV |
159 |
209 |
-24.0 % |
209 |
-23.8 % |
208 |
168 |
24.0 % |
|
MIAX Pearl Market Share |
1.34 % |
1.86 % |
-28.1 % |
1.68 % |
-20.1 % |
1.77 % |
1.49 % |
18.7 % |
|
Futures & Options Trading Volume and Open Interest for MGEX, |
Year-to-Date Comparison |
|||||||
|
Futures Contracts |
Jun-24 |
Jun-23 |
% Chg |
May-24 |
% Chg |
Jun-24 |
Jun-23 |
% Chg |
|
Trading Days |
19 |
21 |
22 |
124 |
124 |
|||
|
MGEX Futures Volume |
346,016 |
271,495 |
27.4 % |
220,302 |
57.1 % |
1,627,528 |
1,424,896 |
14.2 % |
|
MGEX ADV |
18,211 |
12,928 |
40.9 % |
10,014 |
81.9 % |
13,125 |
11,491 |
14.2 % |
|
MGEX Open Interest |
79,968 |
53,926 |
48.3 % |
68,418 |
16.9 % |
|||
