PRINCETON, N.J., March 3, 2021 /PRNewswire/ — Miami International Holdings, Inc. today reported February 2021 trading results for its three national securities exchanges – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group™).

In U.S. options, the MIAX Exchange Group collectively executed over 105 million equity option contracts for a combined average daily volume (ADV) of 5,530,731 contracts, representing a total U.S. equity options market share of 13.37%. The 13.37% market share represents an increase of over 22% from February 2020.

In U.S. equities, MIAX Pearl Equities™ executed 477,334,450 shares.

Equity Options Trading Volume for
MIAX Exchange Group, Current Month
Year-to-Date Comparison
Equity Options Contracts Feb-21 Feb-20 % Chg. Jan-21 % Chg. Feb-21 Feb-20 % Chg.
Trading Days 19 19 19 38 40
U.S. Equity Options Industry 786,095,745 508,015,456 54.7% 800,229,351 -1.8% 1,586,325,096 979,787,166 61.9%
MIAX Exchange Group 105,083,886 55,478,341 89.4% 101,246,102 3.8% 206,329,988 104,074,673 98.3%
MIAX 33,180,331 23,177,007 43.2% 34,953,436 -5.1% 68,133,767 44,126,534 54.4%
MIAX Pearl 39,577,948 28,680,070 38.0% 29,898,714 32.4% 69,476,662 52,582,897 32.1%
MIAX Emerald 32,325,607 3,621,264 792.7% 36,393,952 -11.2% 68,719,559 7,365,242 833.0%
Equity Options ADV Feb-21 Feb-20 % Chg. Jan-21 % Chg. Feb-21 Feb-20 % Chg.
U.S. Equity Options Industry 41,373,460 26,737,656 54.7% 42,117,334 -1.8% 41,745,397 24,494,679 70.4%
MIAX Exchange Group 5,530,731 2,919,913 89.4% 5,328,742 3.8% 5,429,737 2,601,867 108.7%
MIAX 1,746,333 1,219,842 43.2% 1,839,655 -5.1% 1,792,994 1,103,163 62.5%
MIAX Pearl 2,083,050 1,509,477 38.0% 1,573,617 32.4% 1,828,333 1,314,572 39.1%
MIAX Emerald 1,701,348 190,593 792.7% 1,915,471 -11.2% 1,808,409 184,131 882.1%
Equity Options Market Share for
MIAX Exchange Group, Current Month
Year-to-Date Comparison
Equity Options Market Share Feb-21 Feb-20 % Chg. Jan-21 % Chg. Feb-21 Feb-20 % Chg.
MIAX Exchange Group 13.37% 10.92% 22.4% 12.65% 5.7% 13.01% 10.62% 22.4%
MIAX 4.22% 4.56% -7.5% 4.37% -3.4% 4.30% 4.50% -4.6%
MIAX Pearl 5.03% 5.65% -10.8% 3.74% 34.8% 4.38% 5.37% -18.4%
MIAX Emerald 4.11% 0.71% 476.9% 4.55% -9.6% 4.33% 0.75% 476.3%
Equities Trading Volume for

MIAX Pearl Equities, Current Month

Year-to-Date Comparison
Equities Shares (millions) Feb-21 Feb-20 % Chg. Jan-21 % Chg. Feb-21 Feb-20 % Chg.
Trading Days 19 19 19 38 40
U.S. Equities Volume – Industry 290,503 N/A N/A 296,004 -1.9% 586,507 N/A N/A
MIAX Pearl Volume 477 N/A N/A 506 -5.7% 983 N/A N/A
MIAX Pearl ADV 25 N/A N/A 27 -5.7% 26 N/A N/A
MIAX Pearl Market Share 0.16% N/A N/A 0.17% -3.9% 0.17% N/A N/A

February 2021 Volume Records:

miax MIAX Exchange Group Equity Options Records
Monthly Volume 105,083,886 February 2021
miax
Pearl Operation
MIAX Pearl Equity Options Records
Single Day Volume 3,031,989 February 25, 2021
Monthly Volume 39,577,948 February 2021

February 2021 achievements and announcements include:

MIAX Exchange Group

  • Won the Most Innovative Exchange Technology category at the Fund Intelligence Operations and Services Awards 2021.

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

Corporate Communications Contacts:

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™), three national securities exchanges, the Minneapolis Grain Exchange, LLC, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), and the Bermuda Stock Exchange.

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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