Miami International Holdings Reports June 2019 Trading Results for MIAX Exchange Group; MIAX PEARL Sets New Daily Market Share Record
PRINCETON, N.J., July 9, 2019 /PRNewswire/ — Miami International Holdings, Inc. (MIH) today reported the June 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 32.7 million equity option contracts in June for a combined average daily volume (ADV) of 1,637,738 contracts, representing a total U.S. equity options market share of 9.61%.
|Trading Volume for MIAX Exchange Group,
|Equity Options Contracts||June-19||June-18||% Chg.||May-19||% Chg.||June-19||June-18||% Chg.|
|U.S. Equity Options Industry||340,857,459||363,069,104||-6.1%||405,895,497||-16.0%||2,148,799,987||2,279,696,180||-5.7%|
|MIAX Exchange Group||32,754,753||37,126,509||-11.8%||38,004,588||-13.8%||212,825,972||200,790,196||6.0%|
|Equity Options ADV||June-19||June-18||% Chg.||May-19||% Chg.||June-19||June-18||% Chg.|
|U.S. Equity Options Industry||17,042,873||17,289,005||-1.4%||18,449,795||-7.6%||17,329,032||18,237,569||-5.0%|
|MIAX Exchange Group||1,637,738||1,767,929||-7.4%||1,727,481||-5.2%||1,716,338||1,606,322||6.8%|
|Equity Option Market Share for MIAX Exchange Group,
|Equity Options Market Share||June-19||June-18||% Chg.||May-19||% Chg.||June-19||June-18||% Chg.|
|MIAX Exchange Group||9.61%||10.23%||-6.0%||9.36%||2.6%||9.90%||8.81%||12.5%|
Other news and achievements include:
- Established a new daily market share record on June 26, 2019, executing 6.79% of OCC national volume in equity options
|Corporate Communications Contact:||Dominique Prunetti-Miller|
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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