Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today reported November 2024 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl®, MIAX Emerald® and MIAX SapphireTM (collectively, the MIAX Exchange Group), and MIAX FuturesTM.
November 2024 and Year-to-Date Trading Volume and Market Share Highlights
- Total multi-listed options volume for the MIAX Exchange Group reached a record 163.0 million contracts in November 2024, a 34.9% increase year-over-year (YoY). November 2024 market share reached 16.1%, a 9.3% increase YoY. Total year-to-date (YTD) volume reached a record 1.5 billion contracts, a 4.5% increase from the same period in 2023.
- MIAX Sapphire reached a monthly volume of 18.5 million contracts, with November 2024 market share reaching 1.8%. On November 15, MIAX Sapphire set a daily volume record of 1.2 million contracts. MIAX Sapphire launched trading on August 12 and now has over 3,800 classes available for trading.
- MIAX Options reached a monthly volume of 60.8 million contracts, a 25.5% increase YoY. November 2024 market share reached 6.0%, a 1.7% increase YoY. Total YTD volume reached a record 628.2 million contracts, a 7.8% increase from the same period in 2023.
- MIAX Pearl Options reached a monthly volume of 32.0 million contracts, a 33.6% decrease YoY. November 2024 market share reached 3.2%, a 46.2% decrease YoY. Total YTD volume reached 436.7 million contracts, a 27.3% decrease from the same period in 2023.
- MIAX Emerald reached a record monthly volume of 51.7 million contracts, a 113.5% increase YoY. November 2024 market share reached 5.1%, a 73.1% increase YoY. Total YTD volume reached a record 413.1 million contracts, a 50.0% increase from the same period in 2023.
- In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 3.8 billion shares, an 18.3% decrease YoY and representing a market share of 1.3%, a 37.9% decrease YoY. Total YTD volume reached a record 46.0 billion shares, an 8.2% increase from the same period in 2023. YTD market share reached 1.7%, a 1.4% decrease from the same period in 2023.
- In U.S. futures, MIAX Futures, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reached a monthly volume of 342,348 contracts, a 4.3% increase YoY.
Additional MIAX Exchange Group and MIAX Futures 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 |
Nov-24 |
Nov-23 |
% Chg |
Oct-24 |
% Chg |
Nov-24 |
Nov-23 |
% Chg |
|
Trading Days |
20 |
21 |
23 |
231 |
230 |
|||
|
U.S. Equity Options Industry |
1,010,941,318 |
819,353,114 |
23.4 % |
1,019,395,795 |
-0.8 % |
10,166,855,223 |
9,260,697,779 |
9.8 % |
|
MIAX Exchange Group |
163,035,002 |
120,847,771 |
34.9 % |
156,101,259 |
4.4 % |
1,524,638,002 |
1,458,725,010 |
4.5 % |
|
MIAX Options |
60,797,990 |
48,435,412 |
25.5 % |
61,385,978 |
-1.0 % |
628,213,214 |
582,625,524 |
7.8 % |
|
MIAX Pearl |
32,006,908 |
48,184,598 |
-33.6 % |
32,700,382 |
-2.1 % |
436,718,113 |
600,756,195 |
-27.3 % |
|
MIAX Emerald |
51,730,078 |
24,227,761 |
113.5 % |
44,769,481 |
15.5 % |
413,104,537 |
275,343,291 |
50.0 % |
|
MIAX Sapphire |
18,500,026 |
- |
- |
17,245,418 |
7.3 % |
46,602,138 |
- |
- |
|
Multi-Listed Options ADV |
Nov-24 |
Nov-23 |
% Chg |
Oct-24 |
% Chg |
Nov-24 |
Nov-23 |
% Chg |
|
U.S. Equity Options Industry |
50,547,066 |
39,016,815 |
29.6 % |
44,321,556 |
14.0 % |
44,012,360 |
40,263,903 |
9.3 % |
|
MIAX Exchange Group |
8,151,750 |
5,754,656 |
41.7 % |
6,787,011 |
20.1 % |
6,600,165 |
6,342,283 |
4.1 % |
|
MIAX Options |
3,039,900 |
2,306,448 |
31.8 % |
2,668,956 |
13.9 % |
2,719,538 |
2,533,154 |
7.4 % |
|
MIAX Pearl |
1,600,345 |
2,294,505 |
-30.3 % |
1,421,756 |
12.6 % |
1,890,555 |
2,611,983 |
-27.6 % |
|
MIAX Emerald |
2,586,504 |
1,153,703 |
124.2 % |
1,946,499 |
32.9 % |
1,788,331 |
1,197,145 |
49.4 % |
|
MIAX Sapphire |
925,001 |
- |
- |
749,801 |
23.4 % |
201,741 |
- |
- |
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Multi-Listed Options Market |
Nov-24 |
Nov-23 |
% Chg |
Oct-24 |
% Chg |
Nov-24 |
Nov-23 |
% Chg |
|
MIAX Exchange Group |
16.13 % |
14.75 % |
9.3 % |
15.31 % |
5.3 % |
15.00 % |
15.75 % |
-4.8 % |
|
MIAX Options |
6.01 % |
5.91 % |
1.7 % |
6.02 % |
-0.1 % |
6.18 % |
6.29 % |
-1.8 % |
|
MIAX Pearl |
3.17 % |
5.88 % |
-46.2 % |
3.21 % |
-1.3 % |
4.30 % |
6.49 % |
-33.8 % |
|
MIAX Emerald |
5.12 % |
2.96 % |
73.1 % |
4.39 % |
16.5 % |
4.06 % |
2.97 % |
36.7 % |
|
MIAX Sapphire |
1.83 % |
- |
- |
1.69 % |
8.2 % |
0.46 % |
- |
- |
|
(1) |
MIAX Sapphire launched trading on August 12, 2024, listing a single class for the first week and additional classes in multiple phases on a weekly schedule through the week of October 21, 2024 with over 3,800 classes now available for trading. |
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Nov-24 |
Nov-23 |
% Chg |
Oct-24 |
% Chg |
Nov-24 |
Nov-23 |
% Chg |
|
Trading Days |
20 |
21 |
23 |
231 |
230 |
|||
|
U.S. Equities Industry |
292,020 |
221,781 |
31.7 % |
268,304 |
8.8 % |
2,755,214 |
2,510,615 |
9.7 % |
|
MIAX Pearl Volume |
3,767 |
4,609 |
-18.3 % |
4,397 |
-14.3 % |
46,038 |
42,548 |
8.2 % |
|
MIAX Pearl ADV |
188 |
219 |
-14.2 % |
191 |
-1.5 % |
199 |
185 |
7.7 % |
|
MIAX Pearl Market Share |
1.29 % |
2.08 % |
-37.9 % |
1.64 % |
-21.3 % |
1.67 % |
1.69 % |
-1.4 % |
|
Futures and Options Trading Volume and Open Interest for MIAX |
Year-to-Date Comparison |
|||||||
|
Futures & Options Contracts |
Nov-24 |
Nov-23 |
% Chg |
Oct-24 |
% Chg |
Nov-24 |
Nov-23 |
% Chg |
|
Trading Days |
20 |
21 |
23 |
231 |
230 |
|||
|
MIAX Futures Volume |
342,348 |
328,252 |
4.3 % |
237,249 |
44.3 % |
2,991,222 |
2,758,179 |
8.4 % |
|
MIAX Futures ADV |
17,117 |
15,631 |
9.5 % |
10,315 |
65.9 % |
12,949 |
11,992 |
8.0 % |
|
MIAX Futures Open Interest |
82,183 |
68,716 |
19.6 % |
83,963 |
-2.1 % |
|||
