Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes and geographies, today reported May 2024 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group), and Minneapolis Grain Exchange (MGEX™).
May 2024 and Year-to-Date Trading Volume and Market Share Highlights
- Total multi-listed options volume for the MIAX Exchange Group reached a monthly total of 130.4 million contracts, a 7.4% decrease year-over-year (YoY). May 2024 market share reached 14.7%, a 9.9% decrease YoY. Total year-to-date (YTD) volume reached a record 696.0 million contracts, a 1.2% increase from the same period in 2023.
- MIAX Options reached a monthly volume of 52.6 million contracts, a 6.1% decrease YoY. May 2024 market share reached 5.9%, an 8.6% decrease YoY. Total YTD volume reached a record 280.2 million contracts, a 2.3% increase from the same period in 2023.
- MIAX Pearl Options reached a monthly volume of 43.1 million contracts, a 26.6% decrease YoY. May 2024 market share reached 4.9%, a 28.6% decrease YoY. Total YTD volume reached 246.5 million contracts, a 13.0% decrease from the same period in 2023.
- MIAX Emerald Options reached a monthly volume of 34.8 million contracts, a 32.8% increase YoY. May 2024 market share reached 3.9%, a 29.2% increase YoY. Total YTD volume reached a record 169.2 million contracts, a 29.8% increase from the same period in 2023.
- In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 4.6 billion shares, a 15.0% increase YoY and representing a market share of 1.7%, a 1.8% decrease YoY. Total YTD volume reached a record 22.8 billion shares, a 38.8% increase from the same period in 2023. YTD market share reached 1.9%, an increase of 30.6% from the same period in 2023.
- In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reached a monthly volume of 220,302 contracts, a 12.4% decrease YoY.
Source: MIAX
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
It's been a month since we had our Women In Finance Awards in New York City at the Plaza! Take a look back tab some moments, and nominate for our upcoming awards in Mexico City and Singapore here: https://www.marketsmedia.com/category/events/
4
Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:
SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:
COO of the Year Award winner! 🏆
Discover how Jennifer Kaiser of Marex earned the 2025 Women in Finance COO of the Year recognition.
Related articles
-
The rise of crypto derivatives and ongoing regulatory change were two of the main themes.
-
Expanding membership is an OCC priority for capital efficiency, risk reduction and operational simplicity.
-
The smallest contract in CME's crypto complex will provide greater precision and market accessibility.
-
End-user clients would benefit from increased capital and margin efficiencies.
-
This opens a path for FCMs to use digital assets as customer collateral under CFTC regulation.