Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today reported October 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.
October 2024 and Year-to-Date Trading Volume and Market Share Highlights
- Total multi-listed options volume for the MIAX Exchange Group reached 156.1 million contracts, a 21.7% increase year-over-year (YoY). October 2024 market share reached 15.3%, a 5.2% increase YoY. Total year-to-date (YTD) volume reached 1.4 billion contracts, a 1.8% increase from the same period in 2023.
- MIAX Sapphire reached a monthly volume of 17.2 million contracts, with October 2024 market share reaching 1.7%. On October 25, MIAX Sapphire set a daily volume record of 1.0 million contracts with a daily market share record of 2.0%. MIAX Sapphire launched trading on August 12, listing a single class for the first week and additional classes in multiple phases on a weekly schedule through the week of October 21, with over 3,800 classes now available for trading.
- MIAX Options reached a monthly volume of 61.4 million contracts, a 22.2% increase YoY. October 2024 market share reached 6.0%, a 5.6% increase YoY. Total YTD volume reached a record 567.4 million contracts, a 6.2% increase from the same period in 2023.
- MIAX Pearl Options reached a monthly volume of 32.7 million contracts, a 38.7% decrease YoY. October 2024 market share reached 3.2%, a 47.0% decrease YoY. Total YTD volume reached 404.7 million contracts, a 26.8% decrease from the same period in 2023.
- MIAX Emerald Options reached a monthly volume of 44.8 million contracts, an 81.4% increase YoY. October 2024 market share reached 4.4%, a 56.8% increase YoY. Total YTD volume reached a record 361.4 million contracts, a 43.9% increase from the same period in 2023.
- In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 4.4 billion shares, a 21.0% decrease YoY and representing a market share of 1.6%, a 31.0% decrease YoY. Total YTD volume reached a record 42.3 billion shares, an 11.4% increase from the same period in 2023. YTD market share reached 1.7%, a 3.5% increase 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 237,249 contracts, a 0.5% decrease 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 |
Oct-24 |
Oct-23 |
% Chg |
Sep-24 |
% Chg |
Oct-24 |
Oct-23 |
% Chg |
|
Trading Days |
23 |
22 |
20 |
211 |
209 |
|||
|
U.S. Equity Options Industry |
1,019,395,795 |
881,187,563 |
15.7 % |
879,099,779 |
16.0 % |
9,155,913,905 |
8,441,344,665 |
8.5 % |
|
MIAX Exchange Group |
156,101,259 |
128,285,624 |
21.7 % |
124,601,088 |
25.3 % |
1,361,603,000 |
1,337,877,239 |
1.8 % |
|
MIAX Options |
61,385,978 |
50,250,770 |
22.2 % |
52,557,584 |
16.8 % |
567,415,224 |
534,190,112 |
6.2 % |
|
MIAX Pearl |
32,700,382 |
53,356,464 |
-38.7 % |
28,765,237 |
13.7 % |
404,711,205 |
552,571,597 |
-26.8 % |
|
MIAX Emerald |
44,769,481 |
24,678,390 |
81.4 % |
33,473,285 |
33.7 % |
361,374,459 |
251,115,530 |
43.9 % |
|
MIAX Sapphire |
17,245,418 |
0 |
- |
9,804,982 |
75.9 % |
28,102,112 |
- |
- |
|
Multi-Listed Options ADV |
Oct-24 |
Oct-23 |
% Chg |
Sep-24 |
% Chg |
Oct-24 |
Oct-23 |
% Chg |
|
U.S. Equity Options Industry |
44,321,556 |
40,053,980 |
10.7 % |
43,954,989 |
0.8 % |
43,392,957 |
40,389,209 |
7.4 % |
|
MIAX Exchange Group |
6,787,011 |
5,831,165 |
16.4 % |
6,230,054 |
8.9 % |
6,453,095 |
6,401,327 |
0.8 % |
|
MIAX Options |
2,668,956 |
2,284,126 |
16.8 % |
2,627,879 |
1.6 % |
2,689,172 |
2,555,934 |
5.2 % |
|
MIAX Pearl |
1,421,756 |
2,425,294 |
-41.4 % |
1,438,262 |
-1.1 % |
1,918,063 |
2,643,883 |
-27.5 % |
|
MIAX Emerald |
1,946,499 |
1,121,745 |
73.5 % |
1,673,664 |
16.3 % |
1,712,675 |
1,201,510 |
42.5 % |
|
MIAX Sapphire |
749,801 |
- |
- |
490,249 |
52.9 % |
133,185 |
- |
- |
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Multi-Listed Options Market Share |
Oct-24 |
Oct-23 |
% Chg |
Sep-24 |
% Chg |
Oct-24 |
Oct-23 |
% Chg |
|
MIAX Exchange Group |
15.31 % |
14.56 % |
5.2 % |
14.17 % |
8.0 % |
14.87 % |
15.85 % |
-6.2 % |
|
MIAX Options |
6.02 % |
5.70 % |
5.6 % |
5.98 % |
0.7 % |
6.20 % |
6.33 % |
-2.1 % |
|
MIAX Pearl |
3.21 % |
6.06 % |
-47.0 % |
3.27 % |
-2.0 % |
4.42 % |
6.55 % |
-32.5 % |
|
MIAX Emerald |
4.39 % |
2.80 % |
56.8 % |
3.81 % |
15.3 % |
3.95 % |
2.97 % |
32.7 % |
|
MIAX Sapphire |
1.69 % |
- |
- |
1.12 % |
51.7 % |
0.31 % |
- |
- |
|
(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) |
Oct-24 |
Oct-23 |
% Chg |
Sep-24 |
% Chg |
Oct-24 |
Oct-23 |
% Chg |
|
Trading Days |
23 |
22 |
20 |
211 |
209 |
|||
|
U.S. Equities Industry |
268,304 |
234,073 |
14.6 % |
237,154 |
13.1 % |
2,463,194 |
2,288,834 |
7.6 % |
|
MIAX Pearl Volume |
4,397 |
5,562 |
-21.0 % |
4,054 |
8.5 % |
42,271 |
37,938 |
11.4 % |
|
MIAX Pearl ADV |
191 |
253 |
-24.4 % |
203 |
-5.7 % |
200 |
182 |
10.4 % |
|
MIAX Pearl Market Share |
1.64 % |
2.38 % |
-31.0 % |
1.71 % |
-4.1 % |
1.72 % |
1.66 % |
3.5 % |
|
Futures and Options Trading Volume and Open Interest for MIAX |
Year-to-Date Comparison |
|||||||
|
Futures Contracts |
Oct-24 |
Oct-23 |
% Chg |
Sep-24 |
% Chg |
Oct-24 |
Oct-23 |
% Chg |
|
Trading Days |
23 |
22 |
20 |
211 |
209 |
|||
|
MIAX Futures Volume |
237,249 |
238,404 |
-0.5 % |
185,195 |
28.1 % |
2,648,874 |
2,429,927 |
9.0 % |
|
MIAX Futures ADV |
10,315 |
10,837 |
-4.8 % |
9,260 |
11.4 % |
12,554 |
11,626 |
8.0 % |
|
MIAX Futures Open Interest |
83,963 |
88,132 |
-4.7 % |
79,682 |
5.4 % |
|||
