MIAX Exchange Group Achieves Record Trading Volume in 2024

Miami International Holdings Reports Impressive Trading Results

Miami International Holdings, Inc. (MIH), recognized as a forward-thinking leader in the development and operation of regulated financial markets, has announced remarkable trading outcomes for December and the entire year of 2024 across its U.S. exchange subsidiaries including MIAX, MIAX Pearl, MIAX Emerald, and MIAX Sapphire.

Record Trading Volumes and Market Shares

The MIAX Exchange Group achieved exceptional trading volume, recording a staggering 1.7 billion multi-listed options contracts for 2024. This marks a 6.5% rise compared to the previous year, translating to an impressive 15.1% market share, despite a slight decrease of 3.8% year-over-year. December was a highlight month as well, with trading volume surging to an all-time high of 165.6 million options contracts, reflecting a remarkable 29.1% increase from December of the previous year and a monthly market share jump to 16.4%, up 6.0% year-over-year.

Key Highlights from December 2024

Several individual exchanges under the MIAX banner contributed significantly to this notable achievement. Specifically, MIAX Sapphire, which launched in mid-August, reached a volume of 65.0 million contracts for the year. December alone saw 18.4 million contracts traded, resulting in a monthly market share of 1.8%.

Growth Across Different Exchange Segments

MIAX Options also set records with a volume of 691.6 million contracts for 2024, up 9.1% year-over-year. The monthly volume for December showed a similar upward trend, reaching 63.4 million contracts, a notable 23.3% increase from December 2023.

Performance of MIAX Pearl and MIAX Emerald

On the other hand, MIAX Pearl Options demonstrated a decrease in trading volume, totaling 468.0 million contracts, which is a 27.7% drop year-over-year. In December, volume fell to 31.3 million contracts. Meanwhile, MIAX Emerald showed tremendous growth, with 465.6 million contracts for the full year, reflecting a 52.2% increase from the prior year. December trading reached 52.5 million contracts, highlighting a 72.0% increase year-over-year.

Equities and Futures Market Performance

Turning to the equities market, MIAX Pearl Equities also made strides, achieving a record 49.9 billion shares traded in 2024, though market share faced a decrease of 4.4% year-over-year. December's equity trading volume registered 3.8 billion shares, a decrease of 12.8% from the same month in the previous year.

In the futures space, MIAX Futures, recognized as both a Designated Contract Market and Derivatives Clearing Organization, also set a record with 3.2 million contracts for the year, reflecting a 10.2% year-over-year growth. December saw 197,513 contracts traded, marking a 44.5% increase from the previous year.

About MIAX and Its Distinctive Offerings

Miami International Holdings operates multiple exchanges, each equipped with proprietary technology that enhances their trading capabilities. The MIAX trading platform has been designed to meet the demanding needs of the U.S. options market, characterized by speed, reliability, and transaction efficiency.

MIAX’s diverse offerings include trading options on all four exchanges and engaging in cash equities through MIAX Pearl Equities. Furthermore, MIAX Futures manages a variety of products like Hard Red Spring Wheat Futures, further expanding their market reach.

Contact Information

For more insights and to learn about trading options, futures, and equities, potential traders and investors can visit the MIAX website.

Frequently Asked Questions

1. What were the overall trading volumes for MIAX Exchange Group in 2024?

The MIAX Exchange Group reached a record trading volume of 1.7 billion contracts in 2024, showcasing a 6.5% increase year-over-year.

2. How did MIAX Emerald perform throughout the year?

MIAX Emerald achieved a trading volume of 465.6 million contracts in 2024, marking a substantial 52.2% increase year-over-year.

3. What highlights are notable for December 2024?

In December 2024, MIAX Exchange Group recorded 165.6 million contracts traded, representing a 29.1% increase compared to December 2023, highlighting robust market activity.

4. How does MIAX Futures contribute to the trading ecosystem?

MIAX Futures is crucial in the ecosystem, achieving 3.2 million contracts for the year, which shows a growth of 10.2% year-over-year, demonstrating its growing relevance in the market.

5. What technology does MIAX use for trading?

MIAX utilizes proprietary technology designed for high-performance trading, ensuring industry-leading speed, reliability, and efficiency for all transactions.

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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.