Miami International Holdings Reports August 2020 Trading Results For MIAX Exchange Group; Year-To-Date Market Share Up Approximately 19% From 2019
Miami International Holdings, Inc. (MIH) today reported August 2020 trading results for its three options exchanges – MIAX®, MIAX PEARL® and MIAX Emerald™ (together, the MIAX Exchange Group™). The MIAX Exchange Group collectively executed over 70.9 million equity option contracts in August for a combined average daily volume (ADV) of 3,380,801 contracts, representing a total U.S. equity options market share of 12.19%.
|
Trading Volume for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Equity Options Contracts |
Aug-20 |
Aug-19 |
% Chg |
July-20 |
% Chg |
Aug-20 |
Aug-19 |
% Chg |
|
Trading Days |
21 |
22 |
|
22 |
|
168 |
168 |
|
|
U.S. Equity Options Industry |
582,394,732 |
418,770,313 |
39.1% |
582,318,225 |
0.0% |
4,413,767,683 |
2,925,204,592 |
50.9% |
|
MIAX Exchange Group |
70,996,814 |
43,160,673 |
64.5% |
66,453,392 |
6.8% |
518,728,761 |
289,502,363 |
79.2% |
|
MIAX |
28,298,707 |
15,848,772 |
78.6% |
28,259,455 |
0.1% |
205,900,750 |
116,104,353 |
77.3% |
|
MIAX PEARL |
23,805,458 |
24,174,456 |
-1.5% |
24,098,544 |
-1.2% |
204,748,354 |
157,743,212 |
29.8% |
|
MIAX Emerald |
18,892,649 |
3,137,445 |
502.2% |
14,095,393 |
34.0% |
108,079,657 |
15,654,798 |
590.4% |
|
Equity Options ADV |
Aug-20 |
Aug-19 |
% Chg |
July-20 |
% Chg |
Aug-20 |
Aug-19 |
% Chg |
|
U.S. Equity Options Industry |
27,733,082 |
19,035,014 |
45.7% |
26,469,010 |
4.8% |
26,272,427 |
17,411,932 |
50.9% |
|
MIAX Exchange Group |
3,380,801 |
1,961,849 |
72.3% |
3,020,609 |
11.9% |
3,087,671 |
1,723,228 |
79.2% |
|
MIAX |
1,347,557 |
720,399 |
87.1% |
1,284,521 |
4.9% |
1,225,600 |
691,097 |
77.3% |
|
MIAX PEARL |
1,133,593 |
1,098,839 |
3.2% |
1,095,388 |
3.5% |
1,218,740 |
938,948 |
29.8% |
|
MIAX Emerald |
899,650 |
142,611 |
530.8% |
640,700 |
40.4% |
643,331 |
93,183 |
590.4% |
|
Equity Option Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Equity Options Market Share |
Aug-20 |
Aug-19 |
% Chg |
July-20 |
% Chg |
Aug-20 |
Aug-19 |
% Chg |
|
MIAX Exchange Group |
12.19% |
10.31% |
18.3% |
11.41% |
6.8% |
11.75% |
9.90% |
18.8% |
|
MIAX |
4.86% |
3.78% |
28.4% |
4.85% |
0.1% |
4.66% |
3.97% |
17.5% |
|
MIAX PEARL |
4.09% |
5.77% |
-29.2% |
4.14% |
-1.2% |
4.64% |
5.39% |
-14.0% |
|
MIAX Emerald |
3.24% |
0.75% |
333.0% |
2.42% |
34.0% |
2.45% |
0.54% |
357.6% |
Other news and achievements include: MIAX PEARL
- Announced that its proposed rule filing to provide for the trading of equity securities under the MIAX PEARL exchange license has been approved by the U.S. Securities and Exchange Commission.
- Trading on MIAX PEARL Equities, MIH’s first equities exchange, is expected to begin on September 25, 2020.
MIAX Exchange Group
- New daily market share record
o 15.29% market share on September 2, 2020
MIH
- Jointly announced with the Minneapolis Grain Exchange, Inc. (MGEX) that the parties have entered into a definitive agreement and plan of merger under which MIH has agreed to acquire MGEX following a demutualization of MGEX by its members.
- The transaction is expected to close in late 2020, subject to MGEX membership approval and customary closing conditions including certain regulatory approvals.
For further information regarding the MIAX Exchange Group, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com.