PRINCETON, New Jersey, June 5, 2019 /PRNewswire/ — Miami International Holdings, Inc. (MIH) today reported the May 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 38 million equity option contracts in May for a combined average daily volume (ADV) of 1,727,481 contracts, representing a total U.S. equity options market share of 9.36%.
|Trading Volume for MIAX Exchange Group,
|Equity Options Contracts||May-19||May-18||% Chg.||April-19||% Chg.||May-19||May-18||% Chg.|
|U.S. Equity Options Industry||405,895,497||366,176,065||10.8%||344,847,772||17.7%||1,807,942,528||1,916,627,076||-5.7%|
|MIAX Exchange Group||38,004,588||36,677,275||3.6%||37,074,375||2.5%||180,071,219||163,663,687||10.0%|
|Equity Options ADV||May-19||May-18||% Chg.||April-19||% Chg.||May-19||May-18||% Chg.|
|U.S. Equity Options Industry||18,449,795||16,644,367||10.8%||16,421,322||12.4%||17,384,063||18,429,107||-5.7%|
|MIAX Exchange Group||1,727,481||1,667,149||3.6%||1,765,446||-2.2%||1,731,454||1,573,689||10.0%|
|Equity Option Market Share for MIAX Exchange Group,
|Equity Options Market Share||May-19||May-18||% Chg.||April-19||% Chg.||May-19||May-18||% Chg.|
|MIAX Exchange Group||9.36%||10.02%||-6.5%||10.75%||-12.9%||9.96%||8.54%||16.6%|
Other news and achievements include:
- Announced that it had partnered with a number of industry-leading liquidity providers and market makers to launch a cash equities exchange under MIAX PEARL’s exchange license.
- MIAX PEARL Equities is expected to launch in Q2 2020, subject to SEC approval.
- Partnering firms include CTC Trading Group, Hudson River Trading, IMC, Simplex Trading, Susquehanna Securities, and Two Sigma Securities.
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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