PRINCETON, N.J., Nov. 9, 2020 /PRNewswire/ -- Miami International Holdings, Inc. (MIH) today reported October 2020 options trading results for its three securities exchanges - MIAX, MIAX PEARL and MIAX Emerald (together, the MIAX Exchange Group). The MIAX Exchange Group collectively executed over 73.3 million equity option contracts in October for a combined average daily volume (ADV) of 3,332,755 contracts, representing a total U.S. equity options market share of 12.26%.
Trading Volume for MIAX Exchange Group, Current Month | Year-to-Date Comparison | |||||||
Equity Options Contracts | Oct-20 | Oct-19 | % Chg | Sept-20 | % Chg | Oct-20 | Oct-19 | % Chg |
Trading Days | 22 | 23 | 21 | 211 | 211 | |||
U.S. Equity Options Industry | 597,964,688 | 402,970,144 | 48.4% | 632,751,329 | -5.5% | 5,644,483,700 | 3,688,868,199 | 53.0% |
MIAX Exchange Group | 73,320,613 | 41,770,074 | 75.5% | 86,720,900 | -15.5% | 678,770,274 | 367,270,081 | 84.8% |
MIAX | 31,035,089 | 16,846,978 | 84.2% | 36,901,910 | -15.9% | 273,837,749 | 146,909,845 | 86.4% |
MIAX PEARL | 20,740,055 | 21,308,131 | -2.7% | 23,864,559 | -13.1% | 249,352,968 | 198,166,617 | 25.8% |
MIAX Emerald | 21,545,469 | 3,614,965 | 496.0% | 25,954,431 | -17.0% | 155,579,557 | 22,193,619 | 601.0% |
Equity Options ADV | Oct-20 | Oct-19 | % Chg | Sept-20 | % Chg | Oct-20 | Oct-19 | % Chg |
U.S. Equity Options Industry | 27,180,213 | 17,520,441 | 55.1% | 30,131,016 | -9.8% | 26,751,108 | 17,482,788 | 53.0% |
MIAX Exchange Group | 3,332,755 | 1,816,090 | 83.5% | 4,129,567 | -19.3% | 3,216,921 | 1,740,616 | 84.8% |
MIAX | 1,410,686 | 732,477 | 92.6% | 1,757,234 | -19.7% | 1,297,809 | 696,255 | 86.4% |
MIAX PEARL | 942,730 | 926,440 | 1.8% | 1,136,408 | -17.0% | 1,181,768 | 939,178 | 25.8% |
MIAX Emerald | 979,340 | 157,172 | 523.1% | 1,235,925 | -20.8% | 737,344 | 105,183 | 601.0% |
Equity Option Market Share for MIAX Exchange Group, Current Month | Year-to-Date Comparison | |||||||
Equity Options Market Share | Oct-20 | Oct-19 | % Chg | Sept-20 | % Chg | Oct-20 | Oct-19 | % Chg |
MIAX Exchange Group | 12.26% | 10.37% | 18.3% | 13.71% | -10.5% | 12.03% | 9.96% | 20.8% |
MIAX | 5.19% | 4.18% | 24.1% | 5.83% | -11.0% | 4.85% | 3.98% | 21.8% |
MIAX PEARL | 3.47% | 5.29% | -34.4% | 3.77% | -8.0% | 4.42% | 5.37% | -17.8% |
MIAX Emerald | 3.60% | 0.90% | 301.7% | 4.10% | -12.2% | 2.76% | 0.60% | 358.1% |
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: | Natalie Kay, Karma Agency |
nkay@karmaagency.com | |
215-790-7806 |
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 national securities exchanges. MIH also owns a controlling interest in the Bermuda Stock Exchange.
MIAX, MIAX PEARL and MIAX Emerald options exchanges 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).
Under MIAX PEARL's exchange license, MIAX PEARL Equities provides its members with best-in-class performance through a combination of high determinism, low latency and high throughput. MIAX PEARL Equities has maker-taker pricing and a price-time allocation model.
The MIAX Exchange Group's executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL.
To learn more about MIH and the MIAX Exchange Group visit www.MIAXOptions.com.
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