Fintech PR
Miami International Holdings Reports Trading Results for February 2024; MIAX Exchange Group YTD Options and Equities Volumes at Record Levels while MGEX Futures Volume Surges 30.3%
PRINCETON, N.J., March 7, 2024 /PRNewswire/ — Miami International Holdings, Inc. (MIH) today reported February 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™).
February 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 145.3 million contracts, a 6.0% increase year-over-year (YoY) and representing an increase of 3.4% from January 2024. February 2024 market share reached 16.34%, a 2.7% decrease YoY. Total year-to-date (YTD) volume reached a record 285.8 million contracts, a 4.8% increase from the same period in 2023.
- MIAX Options reached a monthly volume of 58.3 million contracts, a 6.3% increase YoY and a 2.6% increase from January 2024. February 2024 market share reached 6.56%, a 2.4% decrease YoY. Total YTD volume reached a record 115.2 million contracts, a 4.9% increase from the same period in 2023.
- MIAX Emerald Options reached a monthly volume of 33.6 million contracts, a 22.7% increase YoY and a 6.0% increase from January 2024. February 2024 market share reached 3.78%, a 12.7% increase YoY.
- In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 4.1 billion shares, a 48.1% increase YoY and representing a market share of 1.73%, a 36.7% increase YoY. Total YTD volume reached a record 8.7 billion shares, a 73.8% increase 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 329,921 contracts, a 30.3% increase YoY and representing a 49.9% increase from January 2024.
Additional MIAX Exchange Group and MGEX trading volume and market share information are included in the tables below.
|
Multi-Listed Options Trading Volume for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options |
Feb-24 |
Feb-23 |
% Chg |
Jan-24  |
% Chg |
Feb-24 |
Feb-23 |
% Chg |
|
|
Trading Days |
20 |
19 |
21 |
41 |
39 |
||||
|
U.S. Equity Options Industry |
888,779,369 |
816,156,925 |
8.9 % |
891,961,535 |
-0.4 % |
1,780,740,904 |
1,667,456,224 |
6.8 % |
|
|
MIAX Exchange Group |
145,254,160 |
137,080,466 |
6.0 % |
140,525,814 |
3.4 % |
285,779,974 |
272,642,891 |
4.8 % |
|
|
MIAX Options |
58,313,579 |
54,863,604 |
6.3 % |
56,855,169 |
2.6 % |
115,168,748 |
109,832,501 |
4.9 % |
|
|
MIAX Pearl |
53,312,809 |
54,820,051 |
-2.7 % |
51,931,661 |
2.7 % |
105,244,470 |
112,106,488 |
-6.1 % |
|
|
MIAX Emerald |
33,627,772 |
27,396,811 |
22.7 % |
31,738,984 |
6.0 % |
65,366,756 |
50,703,902 |
28.9 % |
|
|
Multi-Listed Options ADV |
Feb-24 |
Feb-23 |
% Chg |
Jan-24 |
% Chg |
Feb-24 |
Feb-23 |
% Chg |
|
|
U.S. Equity Options Industry |
44,438,968 |
42,955,628 |
3.5 % |
42,474,359 |
4.6 % |
43,432,705 |
42,755,288 |
1.6 % |
|
|
MIAX Exchange Group |
7,262,708 |
7,214,761 |
0.7 % |
6,691,705 |
8.5 % |
6,970,243 |
6,990,843 |
-0.3 % |
|
|
MIAX Options |
2,915,679 |
2,887,558 |
1.0 % |
2,707,389 |
7.7 % |
2,808,994 |
2,816,218 |
-0.3 % |
|
|
MIAX Pearl |
2,665,640 |
2,885,266 |
-7.6 % |
2,472,936 |
7.8 % |
2,566,938 |
2,874,525 |
-10.7 % |
|
|
MIAX Emerald |
1,681,389 |
1,441,937 |
16.6 % |
1,511,380 |
11.2 % |
1,594,311 |
1,300,100 |
22.6 % |
|
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options Market |
Feb-24 |
Feb-23 |
% Chg |
Jan-24 |
% Chg |
Feb-24 |
Feb-23 |
% Chg |
|
|
MIAX Exchange Group |
16.34 % |
16.80 % |
-2.7 % |
15.75 % |
3.7 % |
16.05 % |
16.35 % |
-1.8 % |
|
|
MIAX Options |
6.56 % |
6.72 % |
-2.4 % |
6.37 % |
2.9 % |
6.47 % |
6.59 % |
-1.8 % |
|
|
MIAX Pearl |
6.00 % |
6.72 % |
-10.7 % |
5.82 % |
3.0 % |
5.91 % |
6.72 % |
-12.1 % |
|
|
MIAX Emerald |
3.78 % |
3.36 % |
12.7 % |
3.56 % |
6.3 % |
3.67 % |
3.04 % |
20.7 % |
|
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Feb-24 |
Feb-23 |
% Chg |
Jan-24 |
% Chg |
Feb-24 |
Feb-23 |
% Chg |
|
Trading Days |
20 |
19 |
21 |
41 |
39 |
|||
|
U.S. Equities Industry |
234,704 |
216,694 |
8.3 % |
242,622 |
-3.3 % |
477,325 |
443,244 |
7.7 % |
|
MIAX Pearl Volume |
4,062 |
2,743 |
48.1 % |
4,604 |
-11.8 % |
8,667 |
4,986 |
73.8 % |
|
MIAX Pearl ADV |
203 |
144 |
40.7 % |
219 |
-7.4 % |
211 |
128 |
65.3 % |
|
MIAX Pearl Market Share |
1.73 % |
1.27 % |
36.7 % |
1.90 % |
-8.8 % |
1.82 % |
1.12 % |
61.4 % |
|
Futures & Options Trading Volume and Open |
Year-to-Date Comparison |
|||||||
|
Futures Contracts |
Feb-24 |
Feb-23 |
% Chg |
Jan-24 |
% Chg |
Feb-24 |
Feb-23 |
% Chg |
|
Trading Days |
20 |
19 |
21 |
41 |
39 |
|||
|
MGEX Total |
329,921 |
253,274 |
30.3 % |
220,026 |
49.9 % |
549,947 |
418,874 |
31.3 % |
|
MGEX Average Daily Volume |
16,496 |
13,330 |
23.7 % |
10,477 |
57.4 % |
13,413 |
10,740 |
24.9 % |
|
MGEX Open Interest |
71,095 |
57,070 |
24.6 % |
80,674 |
-11.9 % |
|||
About MIAX
MIAX’s parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), MIAX Sapphire LLC (MIAX SapphireTM), Minneapolis Grain Exchange, LLC (MGEX™), LedgerX LLC (LedgerX), The Bermuda Stock Exchange (BSX) and Dorman Trading, LLC (Dorman Trading).
MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission that are enabled by MIAX’s in-house built, proprietary technology. MIAX offers trading of options on all three exchanges as well as cash equities through MIAX Pearl Equities™. The MIAX trading platform was built to meet the high-performance quoting demands of the U.S. options trading industry and is differentiated by throughput, latency, reliability and wire-order determinism. MIAX also 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).
MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and offers trading in a variety of products including Hard Red Spring Wheat Futures. MGEX is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM and DCO services in an array of asset classes.
LedgerX is a CFTC regulated exchange and clearinghouse and is registered as a Designated Contract Market (DCM), Derivatives Clearing Organization (DCO) and Swap Execution Facility (SEF) with the CFTC.
BSX is a fully electronic, vertically integrated international securities market headquartered in Bermuda and organized in 1971. BSX specializes in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants, and insurance linked securities.
Dorman Trading is a full-service Futures Commission Merchant registered with the CFTC.
MIAX’s executive offices and National Operations Center are located in Princeton, N.J., with additional U.S. offices located in Chicago, IL and Miami, FL. MGEX offices are located in Minneapolis, MN. LedgerX offices are located in Princeton, N.J. BSX offices are located in Hamilton, Bermuda. Dorman Trading offices are located in Chicago, IL.
To learn more about MIAX visit www.miaxglobal.com.
To learn more about MGEX visit www.miaxglobal.com/mgex.
To learn more about LedgerX visit www.ledgerx.com.
To learn more about BSX visit www.bsx.com.
To learn more about Dorman Trading visit www.dormantrading.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.
All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company’s use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.
Media Contact:
Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091
[email protected]
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HAMILTON, Bermuda, Dec. 19, 2024 /PRNewswire/ — FXGiants has recently launched a series of exciting bonuses. Participants on the FXGiants‘ online trading platform can now amplify their trading potential with a broad spectrum of bonuses that are tailored to fit different trading needs. These bonuses not only add extra value but also act as a safety net for traders to explore the financial markets without risking too much.
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About FXGiants
FXGiants stands out as an international broker providing access to over 300 financial instruments across 6 asset classes. Traders can operate through the popular MetaTrader 4 platform, and benefit from exceptional trading conditions such as competitive spreads, flexible leverage, and fast execution. With deposit boosters, partnership programs, an educational blog, and account types tailored to both novice and experienced traders, FXGiants remains dedicated to delivering a one-stop trading solution.
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FXGiants is a trade name of Notesco Int Limited; a company incorporated in Anguilla with registration number A000001800 and registered address The Valley, AI2640, Cosely Drive, 1338, AI.
Website: https://www.fxgiants.com/
View original content:https://www.prnewswire.co.uk/news-releases/fxgiants-online-trading-platform-launches-bonus-initiative-to-reward-traders-302338463.html
BEIJING, Dec. 23, 2024 /PRNewswire/ — Cheung Kong Graduate School of Business (CKGSB) successfully hosted the Western China MBA Professor Training Program in collaboration with the China National MBA Education Supervisory Committee and Shantou University School of Business on December 17 and 18, 2024. 58 professors from over 40 universities in China nationwide, mostly western China, attended this training.
Since 2007, CKGSB has been aspiring to address the pressing disparities in management education between eastern and western China with its MBA professor training program. As of 2024, the program has trained 372 professors from 155 universities across 22 provinces, 4 autonomous regions, 3 direct-administered municipality in China, indirectly impacting tens of thousands of MBA students.
This year, the training focused on social innovation and business for good, a topic many participating professors found lacking in their day-to-day teaching and research. Professor ZHU Rui (Juliet), CKGSB Professor of Marketing and Director of the ESG and Social Innovation Center, led the training. She introduced how CKGSB has been innovating with the integration of business for good in management education, and how our relevant practice-based course has already helped 2,800+ students integrate ESG into their businesses. Professor Zhu also hosted an interactive workshop with the training’s participants on how they may build this idea into their teaching.
Participants shared in their post-program survey that Professor Zhu’s teaching and her ESG Assessment map gave them a new perspective on how to balance profits and social responsibilities. Many also felt inspired on how to bridge the gap between research and practice.
Recognized in CKGSB’s 2022 and 2024 ESG and Social Innovation Reports and honored as a finalist for the 2021 China Social Impact Award by the United Nations and British Chamber of Commerce, this program exemplifies CKGSB’s impact in this critical area. Through partnerships with the government, NGOs, and business schools, this initiative has made significant progress in promoting quality education and reducing inequalities.
For more information on CKGSB’s ESG and social innovation efforts, visit our ESG and social innovation website.
About CKGSB
Established in Beijing in November 2002, CKGSB is China’s first privately-funded and research-driven business school. The school aims to cultivate transformative business leaders with a global vision, sense of social responsibility, innovative mindset, and ability to lead with empathy and compassion (https://english.ckgsb.edu.cn).
View original content:https://www.prnewswire.co.uk/news-releases/ckgsb-successfully-hosts-2024-mba-professor-training-program-for-western-china-302338458.html
VADUZ, Liechtenstein, Dec. 23, 2024 /PRNewswire/ — Wirex, a global leader in bridging traditional and digital finance, has announced the addition of VNX Euro (VEUR) and VNX Swiss Franc (VCHF) to its platform. With this integration, Wirex users can now spend VEUR and VCHF directly through their Wirex cards, streamlining everyday transactions and enhancing convenience.
Wirex cards allow users to use VEUR and VCHF in various ways. Whether users receive payments in VEUR and/or VCHF, use them for remittances (including cross-border transactions), or sell digital assets for stablecoins instead of fiat, Wirex provides the simplest solution for spending in real life. Users can instantly convert their stablecoins into fiat currency and send them directly to their bank accounts, catering to those who prefer traditional banking options.
Pavel Matveev, Co-founder of Wirex, said: “We’re excited to welcome VNX Euro (VEUR) and VNX Swiss Franc (VCHF) to Wirex. This addition allows our users to effortlessly spend stablecoins in real life, whether for daily purchases, remittances, or managing their digital assets. At Wirex, our goal is to make digital currencies as convenient and versatile as traditional money, and VEUR and VCHF are another step toward achieving that vision.”
Future Features
Additional features will be rolled out later after the launch, complementing the immediate benefits of VEUR and VCHF. These include loans and high-yield X-Accounts, both of which are growing in popularity among Wirex users. Loans offer a smart and tax-efficient way to access liquidity without selling underlying digital assets. Users can leverage their BTC, ETH, SOL, and other digital assets, as collateral for loans in stablecoins, allowing them to benefit from potential appreciation while accessing funds without triggering taxable events.
X-Accounts provide an opportunity for users to earn industry-leading yields of up to 15% APY on their stablecoin balances, enhancing the overall value proposition of holding VEUR and VCHF within the Wirex ecosystem.
Upcoming Advanced Opportunities
VEUR and VCHF have the potential to become preferred options in Wirex’s advanced trading products, such as Wirex DUO and Wirex Multiply. Notably, Euro-backed stablecoins have already demonstrated significantly higher usage among Wirex users than larger USD alternatives, highlighting strong demand for Euro-denominated trading options.
As Wirex explores adding VEUR and VCHF to these products, it aims to further strengthen its position as a leader in digital finance by offering innovative solutions that bridge the gap between traditional finance and digital assets.
Disclaimer: The term “stablecoin” is used herein in relation to VEUR and VCHF for marketing purposes. The reader however shall understand that VEUR and VCHF are fiat-referenced tokens which are described in more detail in the VNX Gold based Fiat Referenced Tokens (FRT) Terms and Conditions which are available for review at www.vnx.li
About VEUR and VCHF
Both VEUR and VCHF are multichain tokens referencing the Euro and Swiss Franc, developed by VNX, generated by a licensed token generator under the Blockchain Act in Liechtenstein. VEUR and VCHF are supported by the reserves ensuring 1:1 parity and represent a reliable digital asset in the crypto world. These tokens combine the stability of fiat currencies with the convenience of crypto, enabling quick, low-cost, and 24/7 accessible cross-border payments while opening new opportunities in DeFi.
About Wirex
Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly. As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management. Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.
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View original content:https://www.prnewswire.co.uk/news-releases/wirex-adds-veur-and-vchf-stablecoins-to-its-platform-for-seamless-spending-302338369.html
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