PRINCETON, N.J., Oct. 8, 2019 /PRNewswire/ — Miami International Holdings, Inc. (MIH) today reported the September 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 35.9 million equity option contracts in September for a combined average daily volume (ADV) of 1,799,882 contracts, representing a total U.S. equity options market share of 9.98%.
|Trading Volume for MIAX Exchange Group,
|Equity Options Contracts||Sept-19||Sept-18||% Chg.||Aug-19||% Chg.||Sept-19||Sept-18||% Chg.|
|U.S. Equity Options Industry||360,693,463||322,566,988||11.8%||418,770,313||-13.9%||3,285,898,055||3,319,482,111||-1.0%|
|MIAX Exchange Group||35,997,644||30,731,033||17.1%||43,160,673||-16.6%||325,500,007||301,748,757||7.9%|
|Equity Options ADV||Sept-19||Sept-18||% Chg.||Aug-19||% Chg.||Sept-19||Sept-18||% Chg.|
|U.S. Equity Options Industry||18,034,673||16,977,210||6.2%||19,035,014||-5.3%||17,478,181||17,656,820||-1.0%|
|MIAX Exchange Group||1,799,882||1,617,423||11.3%||1,961,849||-8.3%||1,731,383||1,605,047||7.9%|
|Equity Option Market Share for MIAX Exchange Group,
|Equity Options Market Share||Sept-19||Sept-18||% Chg.||Aug-19||% Chg.||Sept-19||Sept-18||% Chg.|
|MIAX Exchange Group||9.98%||9.53%||4.8%||10.31%||-3.2%||9.91%||9.09%||9.0%|
Other news and achievements include:
- Announced that futures on the SPIKES® Volatility Index (SPIKES) are expected to launch on the Minneapolis Grain Exchange (MGEX) on November 18, 2019, subject to Commodity Futures Trading Commission (CFTC) approval.
- SPIKES Futures will be available on MGEX via the CME Globex® platform, providing the SPIKES Futures product with significant distribution from day one.
- With the launch of SPIKES Futures, MIAX and MGEX will serve as the exclusive exchanges for SPIKES derivatives products, following a partnership agreement between MIH and MGEX.
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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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