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May 26, 2026 at 6:37 AM
Miami International Holdings Reports Trading Results For May 2025; MIAX Exchange Group U.S. Multi-Listed Options Volume Surges 44.2% With Market Share At Record 17.4%
Miami International Holdings, Inc. (MIH), a technologydriven leader in building and operating regulated financial markets across multiple asset classes, today reported May 2025 trading results for its U.S. exchange subsidiaries—MIAX®, MIAX Pearl®, MIAX Emerald® and MIAX Sapphire™ (collectively, the MIAX Exchange Group), and MIAX Futures™. May 2025 Trading Volume and Market Share Highlights * · Total multi-listed options volume for the MIAX Exchange Group reached 188.1 million contracts in May 2025, a 44.2% increase year-over-year (YoY), bringing total year-to-date (YTD) volume to a record 894.1 million contracts. May 2025 market share reached a record 17.4%, an 18.8% increase YoY. The MIAX Exchange Group set a new daily market share record of 19.8% on May 21, 2025. * · MIAX Sapphire reached a monthly volume of 35.7 million contracts, with May 2025 market share reaching a record 3.3%. MIAX Sapphire launched trading on August 12, 2024 and now has over 3,800 classes available for trading. * · MIAX Options reached a record monthly volume of 89.2 million contracts, a 69.7% increase YoY. May 2025 market share reached a record 8.3%, a 39.8% increase YoY. MIAX Options set a new daily market share record of 10.1% on May 21, 2025. MIAX Options YTD volume and market share reached record levels at 390.2 million contracts and 7.2%, respectively. * · MIAX Pearl Options reached a monthly volume of 23.9 million contracts, a 44.5% decrease YoY. May 2025 market share reached 2.2%, a 54.3% decrease YoY. * · MIAX Emerald reached a monthly volume of 39.4 million contracts, a 13.0% increase YoY. May 2025 market share reached 3.6%, a 6.9% decrease YoY. MIAX Emerald YTD volume and market share reached record levels at 215.6 million contracts and 4.0%, respectively. * · In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 4.0 billion shares, a 12.1% decrease YoY and representing a market share of 1.1%, a 34.8% decrease YoY. * · In U.S. futures, MIAX Futures, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reached a monthly volume of 279,105 contracts, a 26.7% increase YoY. MIAX Futures YTD volume reached a record 1.8 million contracts. Additional MIAX Exchange Group and MIAX Futures trading volume and market share information are included in the tables below.
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June 10, 2025 at 2:44 PM
December 21, 2024 at 11:36 AM
through instrumental variable estimation, propensity score matching, and differenc in differences approaches. This research contributes to the growing literature on technologydriven sustainability transformations and offers practical implications for [5/6 of https://arxiv.org/abs/2504.01041v1]
April 3, 2025 at 6:00 AM
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January 21, 2026 at 2:02 PM