PRINCETON, New Jersey, Nov. 5, 2019 /PRNewswire/ — Miami International Holdings, Inc. (MIH) today reported the October 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 41.7 million equity option contracts in October for a combined average daily volume (ADV) of 1,816,090 contracts, representing a total U.S. equity options market share of 10.37%.
|Trading Volume for MIAX Exchange Group,
|Equity Options Contracts||Oct-19||Oct-18||% Chg.||Sept-19||% Chg.||Oct-19||Oct-18||% Chg.|
|U.S. Equity Options Industry||402,970,144||492,277,954||-18.1%||360,693,463||11.7%||3,688,868,199||3,811,760,065||-3.2%|
|MIAX Exchange Group||41,770,074||47,333,382||-11.8%||35,997,644||16.0%||367,270,081||349,082,139||5.2%|
|Equity Options ADV||Oct-19||Oct-18||% Chg.||Sept-19||% Chg.||Oct-19||Oct-18||% Chg.|
|U.S. Equity Options Industry||17,520,441||21,403,389||-18.1%||18,034,673||-2.9%||17,482,788||18,065,214||-3.2%|
|MIAX Exchange Group||1,816,090||2,057,973||-11.8%||1,799,882||0.9%||1,740,616||1,654,418||5.2%|
|Equity Option Market Share for MIAX Exchange Group,
|Equity Options Market Share||Oct-19||Oct-18||% Chg.||Sept-19||% Chg.||Oct-19||Oct-18||% Chg.|
|MIAX Exchange Group||10.37%||9.62%||7.8%||9.98%||3.9%||9.96%||9.16%||8.7%|
Other news and achievements include:
MIAX Exchange Group
- New daily market share record
- 11.98% market share on October 7, 2019
- Announced that the following five Nasdaq patents were invalidated and all claims brought under them were ruled to be unpatentable under current law by the Patent Trial and Appeal Board (PTAB) of the United States Patent and Trademark Office: U.S. Patent Nos. 6,618,707 (October 1), 7,246,093 (October 1), 7,921,051 (October 3), 7,747,506 (October 9) and 8,386,371 (October 10).
- A total of six patents were asserted by Nasdaq in its infringement complaint against MIH. The PTAB has yet to rule on the one remaining patent.
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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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