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

Year-to-Date Comparison
Multi-Listed Options ContractsMar-21Mar-20% Chg.Feb-21% Chg.Mar-21Mar-20% Chg.
Trading Days2322196162
U.S. Multi-Listed Options Industry856,908,768590,743,48145.1%786,095,7459.0%2,443,233,8641,570,530,64755.6%
MIAX Exchange Group116,927,97168,141,54271.6%105,083,88611.3%323,257,959172,216,21587.7%
MIAX37,494,07622,187,37469.0%33,180,33113.0%105,627,84366,313,90859.3%
MIAX Pearl52,194,81424,572,079112.4%39,577,94831.9%121,671,47677,154,97657.7%
MIAX Emerald 27,239,08121,382,08927.4%32,325,607-15.7%95,958,64028,747,331233.8%
Multi-Listed Options ADVMar-21Mar-20% Chg.Feb-21% Chg.Mar-21Mar-20% Chg.
U.S. Multi-Listed Options Industry37,256,90326,851,97638.7%41,373,460-9.9%40,053,01425,331,13958.1%
MIAX Exchange Group5,083,8253,097,34364.1%5,530,731-8.1%5,299,3112,777,68190.8%
MIAX1,630,1771,008,51761.6%1,746,333-6.7%1,731,6041,069,57961.9%
MIAX Pearl2,269,3401,116,913103.2%2,083,0508.9%1,994,6141,244,43560.3%
MIAX Emerald1,184,308971,91321.9%1,701,348-30.4%1,573,092463,667239.3%
Multi-Listed Options Market Share for

MIAX Exchange Group, Current Month

Year-to-Date Comparison
Multi-Listed Options Market ShareMar-21Mar-20% Chg.Feb-21% Chg.Mar-21Mar-20% Chg.
MIAX Exchange Group13.65%11.53%18.3%13.37%2.1%13.23%10.97%20.7%
MIAX4.38%3.76%16.5%4.22%3.7%4.32%4.22%2.4%
MIAX Pearl6.09%4.16%46.4%5.03%21.0%4.98%4.91%1.4%
MIAX Emerald3.18%3.62%-12.2%4.11%-22.7%3.93%1.83%114.6%

 

Equities Trading Volume for

MIAX Pearl Equities, Current Month

Year-to-Date Comparison
Equities Shares (millions)Mar-21Mar-20% Chg.Feb-21% Chg.Mar-21Mar-20% Chg.
Trading Days23N/AN/A1961N/AN/A
U.S. Equities Volume – Industry307,161N/AN/A290,5035.7%893,668N/AN/A
MIAX Pearl Volume487N/AN/A4772.0%1,470N/AN/A
MIAX Pearl ADV21N/AN/A25-15.7%24N/AN/A
MIAX Pearl Market Share0.16%N/AN/A0.16%-3.5%0.16%N/AN/A

 

Futures & Options Trading Volume for

MGEX, Current Month

Year-to-Date Comparison
Futures & Options

Contracts

Mar-21Mar-20% Chg.Feb-21% Chg.Mar-21Mar-20% Chg.
Trading Days2322196162
MGEX Volume259,617277,629-6.5%289,812-10.4%788,162715,12510.2%
MGEX ADV11,28812,620-10.6%15,253-26.0%12,92111,53412.0%

March 2021 Market Share and Volume Records:

MIAXMIAX Exchange Group Multi-Listed Options Records
Single DayMarket Share15.62%March 4, 2021
Volume8,126,083March 4, 2021
MonthlyVolume116,927,971March 2021

 

MIAX OptionsMIAX Multi-Listed Options Records
MonthlyVolume37,494,076March 2021

 

MIAX Pearl OptionsMIAX Pearl Multi-Listed Options Records
Single DayMarket Share6.92%March 5, 2021
Volume3,506,013March 5, 2021
MonthlyMarket Share6.09%March 2021
Volume52,194,814March 2021

For further information regarding MIAX, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com.

Corporate Communications Contact:

Natalie Kay, Karma Agency
215-790-7806
nkay@karmaagency.com

About MIAX
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.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements
The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

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