PRINCETON, New Jersey, Sept. 5, 2019 /PRNewswire/ -- Miami International Holdings, Inc. (MIH) today reported the August 2019 trading activity for its three fully electronic options exchanges - MIAX, MIAX PEARL and MIAX Emerald (together, the MIAX Exchange Group). The MIAX Exchange Group collectively executed over 43.1 million equity option contracts in August for a combined average daily volume (ADV) of 1,961,849 contracts, representing a total U.S. equity options market share of 10.31%.
Trading Volume for MIAX Exchange Group, Current Month | Year-to-Date Comparison | |||||||
Equity Options Contracts | Aug-19 | Aug-18 | % Chg. | Jul-19 | % Chg. | Aug-19 | Aug-18 | % Chg. |
Trading Days | 22 | 23 | 22 | 168 | 169 | |||
U.S. Equity Options Industry | 418,770,313 | 384,002,068 | 9.1% | 357,634,292 | 17.1% | 2,925,204,592 | 2,996,915,123 | -2.4% |
MIAX Exchange Group | 43,160,673 | 37,642,941 | 14.7% | 33,515,718 | 28.8% | 289,502,363 | 271,017,724 | 6.8% |
MIAX | 15,848,772 | 17,270,967 | -8.2% | 12,915,781 | 22.7% | 116,104,353 | 135,213,974 | -14.1% |
MIAX PEARL | 24,174,456 | 20,371,974 | 18.7% | 18,163,873 | 33.1% | 157,743,212 | 135,803,750 | 16.2% |
MIAX Emerald | 3,137,445 | - | - | 2,436,064 | 28.8% | 15,654,798 | - | - |
Equity Options ADV | Aug-19 | Aug-18 | % Chg. | Jul-19 | % Chg. | Aug-19 | Aug-18 | % Chg. |
U.S. Equity Options Industry | 19,035,014 | 16,695,742 | 14.0% | 16,256,104 | 17.1% | 17,411,932 | 17,733,226 | -1.8% |
MIAX Exchange Group | 1,961,849 | 1,636,650 | 19.9% | 1,523,442 | 28.8% | 1,723,228 | 1,603,655 | 7.5% |
MIAX | 720,399 | 750,912 | -4.1% | 587,081 | 22.7% | 691,097 | 800,083 | -13.6% |
MIAX PEARL | 1,098,839 | 885,738 | 24.1% | 825,631 | 33.1% | 938,948 | 803,572 | 16.8% |
MIAX Emerald | 142,611 | - | - | 110,730 | 28.8% | 93,183 | - | - |
Equity Option Market Share for MIAX Exchange Group, Current Month | Year-to-Date Comparison | |||||||
Equity Options Market Share | Aug-19 | Aug-18 | % Chg. | Jul-19 | % Chg. | Aug-19 | Aug-18 | % Chg. |
MIAX Exchange Group | 10.31% | 9.80% | 5.1% | 9.37% | 10.0% | 9.90% | 9.04% | 9.4% |
MIAX | 3.78% | 4.50% | -15.9% | 3.61% | 4.8% | 3.97% | 4.51% | -12.0% |
MIAX PEARL | 5.77% | 5.31% | 8.8% | 5.08% | 13.7% | 5.39% | 4.53% | 19.0% |
MIAX Emerald | 0.75% | - | - | 0.68% | 10.0% | 0.54% | - | - |
Other news and achievements include:
MIAX Exchange Group
- New daily market share record
- 11.79% market share on August 23, 2019
- New daily record for contracts executed
- 2,901,043 contracts on August 23, 2019
MIH
- Announced partnership with Advanced Fundamentals, LLC (Advanced Fundamentals), an owner and developer of next generation beta indexes, to develop a complex of proprietary financial products based on Advanced Fundamentals' commercial real estate indexes (CRE Indexes) listed exclusively on the MIAX Exchange Group.
- The first tranche of products, cash-settled options and futures on the CRE Indexes, are expected to be listed in 2020. All products remain subject to SEC and CFTC approval, respectively.
For further information regarding the MIAX Exchange Group, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com.
Corporate Communications Contact: Dominique Prunetti-Miller
(609) 897-1465
dprunetti@miami-holdings.com
About MIH and the MIAX Exchange Group
Miami International Holdings, Inc. (MIH) is the parent holding company of Miami International Securities Exchange, LLC (MIAX), MIAX PEARL, LLC (MIAX PEARL) and MIAX Emerald, LLC (MIAX Emerald and together with MIAX and MIAX PEARL, the MIAX Exchange Group), three fully electronic options trading exchanges.
MIAX, MIAX PEARL and MIAX Emerald leverage the MIAX Exchange Group's industry-leading technology and infrastructure to provide their member firms with traditional pricing and pro rata allocation (MIAX), maker-taker pricing and price-time allocation (MIAX PEARL) market structures, and a hybrid market structure with maker-taker pricing and pro rata allocation (MIAX Emerald).
MIAX Options serves as the exclusive exchange venue for cash-settled options on the SPIKES Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR S&P 500 ETF (SPY).
The MIAX Exchange Group's executive offices and National Operations Center are located in Princeton, NJ, with a Miami Operations Center and additional offices located in Miami, FL.
To learn more about MIH and the MIAX Exchange Group visit www.MIAXOptions.com.
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