Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes and geographies, today reported May 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™).
May 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 130.4 million contracts, a 7.4% decrease year-over-year (YoY). May 2024 market share reached 14.7%, a 9.9% decrease YoY. Total year-to-date (YTD) volume reached a record 696.0 million contracts, a 1.2% increase from the same period in 2023.
- MIAX Options reached a monthly volume of 52.6 million contracts, a 6.1% decrease YoY. May 2024 market share reached 5.9%, an 8.6% decrease YoY. Total YTD volume reached a record 280.2 million contracts, a 2.3% increase from the same period in 2023.
- MIAX Pearl Options reached a monthly volume of 43.1 million contracts, a 26.6% decrease YoY. May 2024 market share reached 4.9%, a 28.6% decrease YoY. Total YTD volume reached 246.5 million contracts, a 13.0% decrease from the same period in 2023.
- MIAX Emerald Options reached a monthly volume of 34.8 million contracts, a 32.8% increase YoY. May 2024 market share reached 3.9%, a 29.2% increase YoY. Total YTD volume reached a record 169.2 million contracts, a 29.8% increase from the same period in 2023.
- In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 4.6 billion shares, a 15.0% increase YoY and representing a market share of 1.7%, a 1.8% decrease YoY. Total YTD volume reached a record 22.8 billion shares, a 38.8% increase from the same period in 2023. YTD market share reached 1.9%, an increase of 30.6% 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 220,302 contracts, a 12.4% decrease YoY.
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 |
May-24 |
May-23 |
% Chg |
Apr-24 |
% Chg |
May-24 |
May-23 |
% Chg |
|
Trading Days |
22 |
22 |
22 |
105 |
103 |
|||
|
U.S. Equity Options Industry |
888,512,052 |
864,289,702 |
2.8 % |
923,580,569 |
-3.8 % |
4,454,053,139 |
4,188,668,980 |
6.3 % |
|
MIAX Exchange Group |
130,439,711 |
140,868,015 |
-7.4 % |
142,830,981 |
-8.7 % |
696,001,661 |
687,742,431 |
1.2 % |
|
MIAX Options |
52,569,134 |
55,976,399 |
-6.1 % |
57,387,191 |
-8.4 % |
280,233,709 |
273,913,401 |
2.3 % |
|
MIAX Pearl |
43,052,063 |
58,677,926 |
-26.6 % |
49,961,636 |
-13.8 % |
246,548,999 |
283,457,759 |
-13.0 % |
|
MIAX Emerald |
34,818,514 |
26,213,690 |
32.8 % |
35,482,154 |
-1.9 % |
169,218,953 |
130,371,271 |
29.8 % |
|
Multi-Listed Options ADV |
May-24 |
May-23 |
% Chg |
Apr-24 |
% Chg |
May-24 |
May-23 |
% Chg |
|
U.S. Equity Options Industry |
40,386,911 |
39,285,896 |
2.8 % |
41,980,935 |
-3.8 % |
42,419,554 |
40,666,689 |
4.3 % |
|
MIAX Exchange Group |
5,929,078 |
6,403,092 |
-7.4 % |
6,492,317 |
-8.7 % |
6,628,587 |
6,677,111 |
-0.7 % |
|
MIAX Options |
2,389,506 |
2,544,382 |
-6.1 % |
2,608,509 |
-8.4 % |
2,668,892 |
2,659,353 |
0.4 % |
|
MIAX Pearl |
1,956,912 |
2,667,178 |
-26.6 % |
2,270,983 |
-13.8 % |
2,348,086 |
2,752,017 |
-14.7 % |
|
MIAX Emerald |
1,582,660 |
1,191,531 |
32.8 % |
1,612,825 |
-1.9 % |
1,611,609 |
1,265,740 |
27.3 % |
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Multi-Listed Options Market |
May-24 |
May-23 |
% Chg |
Apr-24 |
% Chg |
May-24 |
May-23 |
% Chg |
|
MIAX Exchange Group |
14.68 % |
16.30 % |
-9.9 % |
15.46 % |
-5.1 % |
15.63 % |
16.42 % |
-4.8 % |
|
MIAX Options |
5.92 % |
6.48 % |
-8.6 % |
6.21 % |
-4.8 % |
6.29 % |
6.54 % |
-3.8 % |
|
MIAX Pearl |
4.85 % |
6.79 % |
-28.6 % |
5.41 % |
-10.4 % |
5.54 % |
6.77 % |
-18.2 % |
|
MIAX Emerald |
3.92 % |
3.03 % |
29.2 % |
3.84 % |
2.0 % |
3.80 % |
3.11 % |
22.1 % |
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
May-24 |
May-23 |
% Chg |
Apr-24 |
% Chg |
May-24 |
May-23 |
% Chg |
|
Trading Days |
22 |
22 |
22 |
105 |
103 |
|||
|
U.S. Equities Industry |
274,062 |
233,966 |
17.1 % |
241,143 |
13.7 % |
1,232,991 |
1,160,730 |
6.2 % |
|
MIAX Pearl Volume |
4,591 |
3,992 |
15.0 % |
5,083 |
-9.7 % |
22,825 |
16,451 |
38.8 % |
|
MIAX Pearl ADV |
209 |
181 |
15.0 % |
231 |
-9.7 % |
217 |
160 |
36.1 % |
|
MIAX Pearl Market Share |
1.68 % |
1.71 % |
-1.8 % |
2.11 % |
-20.5 % |
1.85 % |
1.42 % |
30.6 % |
|
Futures & Options Trading Volume and Open Interest for MGEX, |
Year-to-Date Comparison |
|||||||
|
Futures Contracts |
May-24 |
May-23 |
% Chg |
Apr-24 |
% Chg |
May-24 |
May-23 |
% Chg |
|
Trading Days |
22 |
22 |
22 |
105 |
103 |
|||
|
MGEX Total |
220,302 |
251,517 |
-12.4 % |
339,956 |
-35.2 % |
1,281,512 |
1,153,401 |
11.1 % |
|
MGEX Average Daily Volume |
10,014 |
11,433 |
-12.4 % |
15,453 |
-35.2 % |
12,205 |
11,198 |
9.0 % |
|
MGEX Open Interest |
68,418 |
69,499 |
-1.6 % |
57,003 |
20.0 % |
|||
