MIAX Reports Remarkable Growth in Options Trading Volume

Miami International Holdings Reports Trading Results

Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across various asset classes, recently announced impressive trading results for the month of November. The MIAX Exchange Group, which operates several subsidiaries, saw significant increases in trading volume and market share, highlighting their growing influence in the financial markets.

Record Trading Volume Achieved

Trading Volume for November

The total multi-listed options volume for the MIAX Exchange Group achieved a remarkable 163.0 million contracts in November, marking a dramatic 34.9% year-over-year increase. The market share reached an impressive 16.1%, representing a 9.3% increase over the same period last year. This surge is indicative of MIH's effective operations and robust trading ecosystem.

Performance of MIAX Sapphire

MIAX Sapphire also reported outstanding performance, reaching a monthly trading volume of 18.5 million contracts, which translated to a market share of 1.8%. A daily volume record of 1.2 million contracts was set on November 15. MIAX Sapphire commenced trading in August and now boasts over 3,800 classes available for trading, demonstrating rapid expansion in a short timeframe.

Year-to-Date Comparisons

Increased Year-to-Date Volume

Year-to-date (YTD) volume for the MIAX Exchange Group surpassed 1.5 billion contracts, reflecting a 4.5% increase from the previous year. Individual performance metrics varied across different exchanges. MIAX Options registered 60.8 million contracts in November, up 25.5% YoY, while MIAX Pearl Options encountered a decrease in volume, emphasizing a need for strategic adjustments.

MIAX Emerald Shines Bright

MIAX Emerald's growth was particularly notable, as it achieved a record monthly volume of 51.7 million contracts, representing a staggering 113.5% increase compared to last year. The market share also saw a substantial rise to 5.1%. This success speaks to the effectiveness of MIAX Emerald’s strategies and its increasing acceptance in the market.

U.S. Equities Trading Insights

Equities Volume Trends

In U.S. equities, MIAX Pearl Equities recorded a monthly volume of 3.8 billion shares. This figure, while representing an 18.3% decrease year-over-year, reached a total YTD volume of 46.0 billion shares. Market participants noted fluctuations in trading behavior, leading to a slight decrease in market share to 1.3% for November.

Focus on Futures

MIAX Futures, which operates under the supervision of the Commodity Futures Trading Commission (CFTC), reported a November trading volume of 342,348 contracts, indicating a 4.3% yearly increase. The exchange continues to grow its service offerings in various product lines, including options and futures.

Conclusion and Future Outlook

Miami International Holdings' robust trading performance in November illustrates its strong foothold in the options and equities markets. With continuous investments in technology and innovative trading solutions, MIH is poised to strengthen its market presence further. Stakeholders and investors are keenly observing upcoming developments as the trading landscape continues to evolve.

Frequently Asked Questions

What is the MIAX Exchange Group?

The MIAX Exchange Group includes various exchanges operated by Miami International Holdings, Inc., offering trading in multi-listed options and equities.

How has trading volume changed for MIAX Sapphire?

MIAX Sapphire achieved a monthly trading volume increase to 18.5 million contracts, with a notable daily record of 1.2 million contracts set in November.

What does the year-to-date volume indicate?

The year-to-date volume for the MIAX Exchange Group exceeded 1.5 billion contracts, signifying a healthy growth trajectory in trading activities.

How did MIAX Emerald perform in the latest report?

MIAX Emerald reported a record monthly volume of 51.7 million contracts, a 113.5% increase year-over-year, showcasing significant growth.

What trends were seen in U.S. equities trading?

MIAX Pearl Equities reported a monthly trading volume of 3.8 billion shares, reflecting a decrease but still contributing to a total year-to-date volume of 46.0 billion shares.

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