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Miami International Holdings Reports November 2023 Trading Results; YTD Options and Equities Volumes Remain at Record Levels

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PRINCETON, N.J., Dec. 8, 2023 /PRNewswire/ — Miami International Holdings, Inc. today reported November 2023 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group), and Minneapolis Grain Exchange (MGEX™).

November 2023 and Year-to-Date Trading Volume and Market Share Highlights

  • Total multi-listed monthly options volume for the MIAX Exchange Group reached 120.8 million contracts, a 5.0% increase year-over-year (YoY) and representing a monthly market share of 14.75%, an 8.8% increase YoY. Total year-to-date (YTD) volume reached a record 1.5 billion contracts, a 23.3% increase from the same period in 2022.
  • MIAX Options reached a monthly volume of 48.4 million contracts, a 5.4% decrease YoY and representing a monthly market share of 5.91%, a 2.0% decrease YoY. MIAX Options reached a record YTD volume of 582.6 million contracts, up 16.2% from the same period in 2022.
  • MIAX Pearl Options reached a monthly volume of 48.2 million contracts, a 28.1% increase YoY and representing a monthly market share of 5.88%, a 32.8% increase YoY. MIAX Pearl Options reached a record YTD volume of 600.8 million contracts, up 53.1% from the same period in 2022.
  • In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 4.6 billion shares, a 77.6% increase YoY and representing a monthly market share of 2.08%, an 89.0% increase YoY. MIAX Pearl Equities reached a record YTD volume of 42.5 billion shares, up 55.2% from the same period in 2022.
  • In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reached a monthly volume of 328,252 contracts, a 39.4% increase YoY and a 37.7% increase from October 2023.

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
Contracts

Nov-23

Nov-22

% Chg

Oct-23

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% Chg

Nov-23

Nov-22

% Chg

Trading Days

21

21

22

230

230

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U.S. Equity Options Industry

819,353,114

849,328,703

-3.5 %

881,187,563

-7.0 %

9,260,697,779

8,801,910,138

5.2 %

MIAX Exchange Group

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120,847,771

115,108,818

5.0 %

128,285,624

-5.8 %

1,458,725,010

1,183,525,471

23.3 %

MIAX Options

48,435,412

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51,219,220

-5.4 %

50,250,770

-3.6 %

582,625,524

501,205,712

16.2 %

MIAX Pearl

48,184,598

37,617,916

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28.1 %

53,356,464

-9.7 %

600,756,195

392,385,775

53.1 %

MIAX Emerald

24,227,761

26,271,682

-7.8 %

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24,678,390

-1.8 %

275,343,291

289,933,984

-5.0 %

Multi-Listed Options ADV

Nov-23

Nov-22

% Chg

Oct-23

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% Chg

Nov-23

Nov-22

% Chg

U.S. Equity Options Industry

39,016,815

40,444,224

-3.5 %

40,053,980

-2.6 %

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40,263,903

38,269,175

5.2 %

MIAX Exchange Group

5,754,656

5,481,372

5.0 %

5,831,165

-1.3 %

6,342,283

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5,145,763

23.3 %

MIAX Options

2,306,448

2,439,010

-5.4 %

2,284,126

1.0 %

2,533,154

2,179,155

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16.2 %

MIAX Pearl

2,294,505

1,791,329

28.1 %

2,425,294

-5.4 %

2,611,983

1,706,025

53.1 %

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MIAX Emerald

1,153,703

1,251,032

-7.8 %

1,121,745

2.8 %

1,197,145

1,260,583

-5.0 %

Multi-Listed Options Market Share for

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MIAX Exchange Group, Current Month

Year-to-Date Comparison

Multi-Listed Options Market

Share

Nov-23

Nov-22

% Chg

Oct-23

% Chg

Nov-23

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Nov-22

% Chg

MIAX Exchange Group

14.75 %

13.55 %

8.8 %

14.56 %

1.3 %

15.75 %

13.45 %

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17.1 %

MIAX Options

5.91 %

6.03 %

-2.0 %

5.70 %

3.7 %

6.29 %

5.69 %

10.5 %

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MIAX Pearl

5.88 %

4.43 %

32.8 %

6.06 %

-2.9 %

6.49 %

4.46 %

45.5 %

MIAX Emerald

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2.96 %

3.09 %

-4.4 %

2.80 %

5.6 %

2.97 %

3.29 %

-9.7 %

 

Equities Trading Volume for

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MIAX Pearl Equities, Current Month

Year-to-Date Comparison

Equities Shares (millions)

Nov-23

Nov-22

% Chg

Oct-23

% Chg

Nov-23

Nov-22

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% Chg

Trading Days

21

21

22

230

230

U.S. Equities Industry

221,781

236,072

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-6.1 %

234,073

-5.3 %

2,510,615

2,753,705

-8.8 %

MIAX Pearl Volume

4,609

2,595

77.6 %

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5,562

-17.1 %

42,548

27,406

55.2 %

MIAX Pearl ADV

219

124

77.6 %

253

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-13.2 %

185

119

55.2 %

MIAX Pearl Market Share

2.08 %

1.10 %

89.0 %

2.38 %

-12.5 %

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1.69 %

1.00 %

70.3 %

 

Futures & Options Trading Volume and Open

Interest for MGEX, Current Month

Year-to-Date Comparison

Futures Contracts

Nov-23

Nov-22

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% Chg

Oct-23

% Chg

Nov-23

Nov-22

% Chg

Trading Days

21

21

22

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230

230

MGEX Total

328,252

235,460

39.4 %

238,404

37.7 %

2,758,179

3,130,896

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-11.9 %

Hard Red Spring Wheat – Futures

319,559

197,433

61.8 %

221,592

44.2 %

2,451,456

2,313,580

6.0 %

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Hard Red Spring Wheat – Options

5,704

3,935

45.5 %

3,560

60.2 %

71,392

65,181

9.5 %

SPIKES Volatility Index – Futures

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2,989

34,092

-91.3 %

13,252

-77.4 %

235,331

752,135

-68.7 %

Average Daily Volume

Nov-23

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Nov-22

% Chg

Oct-23

% Chg

Nov-23

Nov-22

% Chg

MGEX Total

15,631

11,212

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39.4 %

10,837

44.2 %

11,992

13,613

-11.9 %

Hard Red Spring Wheat – Futures

15,217

9,402

61.8 %

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10,072

51.1 %

10,659

10,059

6.0 %

Hard Red Spring Wheat – Options

272

187

45.5 %

162

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67.9 %

310

283

9.5 %

SPIKES Volatility Index – Futures

142

1,623

-91.3 %

602

-76.4 %

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1,023

3,270

-68.7 %

Open Interest

Nov-23

Nov-22

% Chg

Oct-23

% Chg

MGEX Total

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68,716

47,695

44.1 %

88,132

-22.0 %

Hard Red Spring Wheat – Futures

62,620

43,648

43.5 %

78,416

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-20.1 %

Hard Red Spring Wheat – Options

5,988

3,591

66.8 %

9,186

-34.8 %

SPIKES Volatility Index – Futures

108

456

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-76.3 %

530

-79.6 %

 

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 Sapphire™), 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.

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MIAX’s executive offices and National Operations Center are located in Princeton, N.J., with additional U.S. offices located in 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.mgex.com.

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] 

Logo – https://mma.prnewswire.com/media/1396492/4446675/MIAX_Logo.jpg

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Cision View original content:https://www.prnewswire.co.uk/news-releases/miami-international-holdings-reports-november-2023-trading-results-ytd-options-and-equities-volumes-remain-at-record-levels-302010110.html

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President Emmerson Mnangagwa met this week with Zambia’s former Vice President and Special Envoy Enoch Kavindele to discuss SADC’s candidate for the AfDB

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President Mnangagwa, who is SADC Chairperson, reaffirmed his own country’s and SADC’s enthusiastic support for Zambian candidate Sam Maimbo

LUSAKA, Zambia, Dec. 20, 2024 /PRNewswire/ — Special Envoy Kavindele released the following statement following the meeting:

“I am elated to witness the growing success and momentum of Sam Maimbo’s candidacy to become the next President of the African Development Bank. I am filled with gratitude to our friends across both SADC and COMESA for their continued support and good wishes.

Sam has garnered such wide consensus due to his being uniquely qualified to deliver the transformative change and empowerment our continent needs. Sam’s 30 years in development work is defined by driving outcomes, improving processes, and investing in people. The AfDB needs a hands-on leader who is laser focused on delivering results and who is unafraid of making tough decisions in order to best serve our continent. Sam is that leader. Sam has the track record and experience to drastically enhance the pace, scale, and impact of the Bank’s work in service of the people and governments of Africa.

Our region has a proud history of supporting fellow Southern Africans. For example, we all recall Lusaka’s role in hosting the African National Congress’ headquarters during the dark days of Apartheid oppression.

It therefore gives me no pleasure to observe my South African brothers, who have themselves leant on Zambia’s steadfast friendship over many decades, fail to rally behind both SADC and COMESA’s chosen candidate for the AfDB. Africa’s urgent economic development challenges demand transformational leadership at the AfDB, it is all of our responsibility to put forward the best candidate for the job. This is not the time or place for a government to act with narrow self-interest, we all must act in the continent’s and AfDB’s best interest.

I thank Sam Maimbo for his lifelong service to our entire continent, and I am eager to witness his enormous impact as President of the AfDB.”

View original content:https://www.prnewswire.co.uk/news-releases/president-emmerson-mnangagwa-met-this-week-with-zambias-former-vice-president-and-special-envoy-enoch-kavindele-to-discuss-sadcs-candidate-for-the-afdb-302337613.html

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Stay Cyber Safe This Holiday Season: Heimdal’s Checklist for Business Security

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LONDON, Dec. 20, 2024 /PRNewswire/ — Heimdal Security shares a practical holiday cybersecurity checklist, offering expert insights to help businesses safeguard against cyber threats this festive season.

With reduced staffing, remote work setups, and a surge in online shopping creating heightened vulnerabilities, this guide offers actionable tips to enhance business security.

Going beyond basic advice, the checklist also highlights the most common holiday scams and features videos showcasing real-life examples of Christmas-themed cyber scams and effective prevention strategies.

Key Tips to Protect Businesses This Holiday Season:

  1. Strengthen endpoints: Ensure devices are updated with antivirus and endpoint protection software; consider Endpoint Detection and Response (EDR) and application whitelisting.
  2. Prepare for phishing spikes: Train staff to identify suspicious emails, enforce robust email filters, and establish protocols for reporting unusual activity.
  3. Secure remote access: Mandate VPN usage, monitor unusual logins, and deactivate inactive accounts temporarily.
  4. Segment and shield networks: Isolate sensitive areas, deploy DNS security and advanced firewalls, and maintain full visibility over network traffic.
  5. Apply timely patches: Regularly update all systems and test patches in a controlled environment to minimize disruptions.
  6. Mitigate supply chain risks: Assess vendors thoroughly and limit their access to essential systems.
  7. Have a response plan ready: Tailor incident protocols for the holidays, create an on-call rotation for the IT team, and enable rapid action against suspicious activity.

Cybercriminals thrive on holiday distractions, but with proactive measures like phishing training, secure endpoints, and network segmentation, businesses can stay ahead of potential threats,” said Alex Panait, System Administrator at Heimdal Security.

Common Holiday Scams That Businesses Should Watch For:

Cybercriminals often tailor their tactics to exploit the festive season. The most common scams include:

  • Spear phishing: Emails disguised as holiday bonuses or event invitations that steal credentials or spread malware.
  • Malicious holiday E-Cards: Festive greetings that contain links deploying ransomware or spyware.
  • Fake E-Commerce sites: Fraudulent websites offering discounts to steal payment information.
  • Insider threats: Distracted or disgruntled employees mishandling or exploiting sensitive data.
  • Corporate travel scams: Fake booking platforms targeting business travelers.
  • Business email compromise (BEC): Fraudulent requests for urgent wire transfers during year-end financial rushes.

For more, read the full article here or watch the video on YouTube to see how these threats unfold and learn actionable prevention strategies.

About Heimdal:
Established in Copenhagen in 2014, Heimdal® empowers CISOs, security teams, and IT administrators to improve their security operations, reduce alert fatigue, and implement proactive measures through a unified command and control platform.

Heimdal’s award-winning cybersecurity solutions span the entire IT estate, addressing challenges from endpoint to network levels, including vulnerability management, privileged access, Zero Trust implementation, and ransomware prevention.

For further press information:

Madalina Popovici
Media Relations Manager
[email protected] 

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View original content:https://www.prnewswire.co.uk/news-releases/stay-cyber-safe-this-holiday-season-heimdals-checklist-for-business-security-302337465.html

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According to Tickmill survey, 3 in 10 Britons in economic difficulty: Purchasing power down 41% since 2004

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The people who have the most problems are women (30%) and are between 35 and 49 years old (39%)

ROME, Dec. 20, 2024 /PRNewswire/ — The purchasing power in the UK has dropped by 41% over the last 20 years. Today, £100,000 left in a bank account since 2004 without being invested would now be worth £59,021.

This figure is one of the findings from a study conducted by Tickmill, an international online trading broker that compared the economic situation in the UK and the European Union through the infographic “Purchasing Power and Cost of Living: UK vs EU”.

The analysis reveals a slight decline of 0.4% in the UK’s purchasing power, which currently stands at £41,573. In contrast, the European Union has seen a modest rise of 0.1%, reaching £40,874.

Why is purchasing power declining in the UK? One key factor is the cost of living. If the UK were still part of the European Union, it would rank as the fifth most expensive country, behind Ireland, Luxembourg, Denmark, and the Netherlands.

Unsurprisingly, 3 in 10 Britons are struggling with the cost of living. Women (3 in 10, compared to 25% of men), those aged between 35 and 49 (4 in 10), households earning less than £15,000 (6 in 10), and single parents (1 in 2) are among the most affected groups.

Among UK nations, Northern Ireland is the hardest hit, with 34% of its population facing financial difficulties, followed by Wales (31%), England (28%), and Scotland (22%). In England, the North East has the highest percentage of people struggling, with 4 in 10 residents affected. Even in London, the high costs impact 1 in 4 adults.

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In response to these challenges, Britons are making significant adjustments:

  • 53% have cut back or delayed spending on smaller items like eating out, entertainment, subscriptions, clothing, toys, books, etc.;
  • 52% have reduced household energy consumption;
  • 48% have decreased their grocery spending;
  • 41% have scaled back or postponed major expenditures, such as holidays, cars, and weddings;
  • 26% are working longer hours, taking on overtime, or pursuing additional jobs to earn extra income.

The British also made changes on the financial side. One in four adults has been forced to dip into their savings or investments to cover daily expenses. Moreover, 44% have stopped saving or investing entirely or have reduced their savings and investments—a 4% increase compared to 2023.

The lack of investment is another critical factor contributing to the decline in purchasing power. It is estimated that 13 million UK residents hold £430 billion in cash deposits but do not invest. The reasons? Seventy-four percent say they cannot compare investment products effectively, and 43% are afraid of losing their money.

A lack of knowledge and fear are preventing many savers from taking advantage of an important opportunity: preserving or increasing their purchasing power in the long term.

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