Miami International Holdings Reports Impressive Trading Results
Miami International Holdings, Inc. (MIH) is at the forefront of building and managing regulated financial markets across a variety of asset classes. They recently disclosed their trading results for July, showcasing remarkable performance across their U.S. exchange subsidiaries, namely MIAX, MIAX Pearl, MIAX Emerald, and MIAX Sapphire, along with MIAX Futures.
Highlights from July Trading Volume and Market Share
Overall Performance Metrics
During the trading month, the total volume of multi-listed options for the MIAX Exchange Group surged to an impressive 189.4 million contracts, marking a substantial 37.0% increase year-over-year. The market share reached 16.7%, reflecting a solid 21.3% increase in comparison to the previous year. The year-to-date figures are equally promising, accumulating 1.2 billion contracts, translating to a market share of 16.4%.
Individual Exchange Highlights
MIAX Sapphire made a significant contribution with a monthly trading volume of 38.3 million contracts, and the market share for this exchange stood at 3.4%. Since launching in the previous year, MIAX Sapphire has expanded to offer over 3,800 classes for trading.
Meanwhile, MIAX Options reported a trading volume of 84.0 million contracts, which is a noteworthy 37.8% increase from the previous year. Its market share was registered at 7.4%, a 22.0% increase year-on-year. Year-to-date, MIAX Options has attained a trading volume of 547.4 million contracts, maintaining a market share of 7.2%.
In contrast, MIAX Pearl Options recorded a monthly volume of 28.0 million contracts, experiencing a decline of 17.6% year-over-year, with a market share of 2.5%, which is down by 27.0% compared to the previous year. MIAX Emerald showed a slightly better performance with 39.1 million contracts for the month, representing a 9.7% decrease in volume and a market share of 3.5%.
U.S. Equities and Futures Performance
Equities Trading Insights
In the realm of U.S. equities, MIAX Pearl Equities reported trading volumes of 4.2 billion shares, a modest increase of 6.1% year-over-year, although the market share decreased to 1.1%, down 32.6%. When it comes to futures trading, MIAX Futures confirmed a monthly volume of 152,993 contracts, which depicts a decline of 32.1% year-over-year, although the year-to-date total stands at 2.4 million contracts, showing a 28.2% increase compared to the previous year.
About MIAX and Its Markets
Miami International Holdings, Inc. oversees several exchanges including MIAX, MIAX Pearl, MIAX Emerald, MIAX Sapphire, and MIAX Futures. These exchanges utilize proprietary technology developed in-house, tailored to meet the needs of the demanding U.S. options trading industry. The company employs this technology to provide high-performance trading capabilities, ensuring reliability and efficiency.
MIAX Futures is registered with the Commodity Futures Trading Commission (CFTC), offering diverse trading products including Minneapolis Hard Red Spring Wheat Futures. This exchange operates as both a Designated Contract Market (DCM) and a Derivatives Clearing Organization (DCO).
In addition, Dorman Trading serves as a full-service Futures Commission Merchant that is also registered with the CFTC, reflecting MIAX's expansive reach within multiple financial segments.
Frequently Asked Questions
What is Miami International Holdings known for?
Miami International Holdings, Inc. focuses on building and managing regulated financial markets across various asset classes.
What exchanges are part of the MIAX group?
The MIAX group includes MIAX, MIAX Pearl, MIAX Emerald, MIAX Sapphire, and MIAX Futures.
How did MIAX Southern trade in July?
In July, MIAX Southern reported impressive trading volumes and market share growth, notably in multi-listed options.
What technology does MIAX use for trading?
MIAX employs in-house built, proprietary technology designed for high-performance trading.
How can investors learn more about MIAX?
Investors can find more details on MIAX through their official website.
