PRINCETON, N.J., April 6, 2021 /PRNewswire/ — Miami International Holdings, Inc. today reported March 2021 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group™) and the Minneapolis Grain Exchange (MGEX). In U.S. options, the MIAX Exchange Group collectively executed over 116.9 million multi-listed options contracts for […]
PRINCETON, N.J., April 6, 2021 /PRNewswire/ — Miami International Holdings, Inc. today reported March 2021 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group™) and the Minneapolis Grain Exchange (MGEX).
In U.S. options, the MIAX Exchange Group collectively executed over 116.9 million multi-listed options contracts for a combined average daily volume (ADV) of 5,083,825 contracts, representing a total U.S. multi-listed options market share of 13.65%. The 13.65% market share represents an increase of over 18% from March 2020.
In U.S. equities, MIAX Pearl Equities™ executed 486,857,188 shares.
In U.S. futures, MGEX executed 259,617 contracts.
|Multi-Listed Options Trading Volume for
MIAX Exchange Group, Current Month
|Multi-Listed Options Contracts||Mar-21||Mar-20||% Chg.||Feb-21||% Chg.||Mar-21||Mar-20||% Chg.|
|U.S. Multi-Listed Options Industry||856,908,768||590,743,481||45.1%||786,095,745||9.0%||2,443,233,864||1,570,530,647||55.6%|
|MIAX Exchange Group||116,927,971||68,141,542||71.6%||105,083,886||11.3%||323,257,959||172,216,215||87.7%|
|Multi-Listed Options ADV||Mar-21||Mar-20||% Chg.||Feb-21||% Chg.||Mar-21||Mar-20||% Chg.|
|U.S. Multi-Listed Options Industry||37,256,903||26,851,976||38.7%||41,373,460||-9.9%||40,053,014||25,331,139||58.1%|
|MIAX Exchange Group||5,083,825||3,097,343||64.1%||5,530,731||-8.1%||5,299,311||2,777,681||90.8%|
|Multi-Listed Options Market Share for
MIAX Exchange Group, Current Month
|Multi-Listed Options Market Share||Mar-21||Mar-20||% Chg.||Feb-21||% Chg.||Mar-21||Mar-20||% Chg.|
|MIAX Exchange Group||13.65%||11.53%||18.3%||13.37%||2.1%||13.23%||10.97%||20.7%|
|Equities Trading Volume for
MIAX Pearl Equities, Current Month
|Equities Shares (millions)||Mar-21||Mar-20||% Chg.||Feb-21||% Chg.||Mar-21||Mar-20||% Chg.|
|U.S. Equities Volume – Industry||307,161||N/A||N/A||290,503||5.7%||893,668||N/A||N/A|
|MIAX Pearl Volume||487||N/A||N/A||477||2.0%||1,470||N/A||N/A|
|MIAX Pearl ADV||21||N/A||N/A||25||-15.7%||24||N/A||N/A|
|MIAX Pearl Market Share||0.16%||N/A||N/A||0.16%||-3.5%||0.16%||N/A||N/A|
|Futures & Options Trading Volume for
MGEX, Current Month
|Futures & Options
|Mar-21||Mar-20||% Chg.||Feb-21||% Chg.||Mar-21||Mar-20||% Chg.|
March 2021 Market Share and Volume Records:
|MIAX||MIAX Exchange Group Multi-Listed Options Records|
|Single Day||Market Share||15.62%||March 4, 2021|
|Volume||8,126,083||March 4, 2021|
|MIAX Options||MIAX Multi-Listed Options Records|
|MIAX Pearl Options||MIAX Pearl Multi-Listed Options Records|
|Single Day||Market Share||6.92%||March 5, 2021|
|Volume||3,506,013||March 5, 2021|
|Monthly||Market Share||6.09%||March 2021|
Corporate Communications Contact:
Natalie Kay, Karma Agency
MIAX’s parent holding company, Miami International Holdings (MIH), operates and manages 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™), the Minneapolis Grain Exchange, LLC, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), and the Bermuda Stock Exchange.
The MIAX, MIAX Pearl and MIAX Emerald options exchanges leverage MIAX’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 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.
MIAX’s executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL.
To learn more visit www.MIAXOptions.com.
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