MIAMI AND PRINCETON, N.J., Jan. 8, 2025 /PRNewswire/ — Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today reported December and full-year 2024 trading results for its U.S. exchange subsidiaries – MIAX^®, MIAX Pearl^®, MIAX Emerald^® and MIAX Sapphire^TM (collectively, the MIAX Exchange Group), and MIAX Futures^TM.

December 2024 and Full-Year 2024 Trading Volume and Market Share Highlights

• Total multi-listed options volume for the MIAX Exchange Group reached a record 1.7 billion contracts in 2024, a 6.5% increase year-over-year (YoY) and representing an annual market share of 15.1%, a 3.8% decrease YoY. December volume totaled a record 165.6 million contracts, a 29.1% increase YoY and representing a monthly market share of 16.4%, a 6.0% increase YoY.
• MIAX Sapphire reached a volume of 65.0 million contracts in 2024, following its launch on August 12, 2024. December volume reached 18.4 million contracts, with December market share reaching 1.8%.
• MIAX Options reached a record volume of 691.6 million contracts in 2024, a 9.1% increase YoY and representing an annual market share of 6.2%, a 1.5% decrease YoY. December volume reached 63.4 million contracts, a 23.3% increase YoY and representing a monthly market share of 6.3%, a 1.3% increase YoY.
• MIAX Pearl Options reached a volume of 468.0 million contracts in 2024, a 27.7% decrease YoY and representing a market share of 4.2%, a 34.7% decrease YoY. December volume totaled 31.3 million contracts, a 32.5% decrease YoY and representing a monthly market share of 3.1%, a 44.5% decrease YoY.
• MIAX Emerald reached a record volume of 465.6 million contracts in 2024, a 52.2% increase YoY and representing a record market share of 4.2%, a 37.4% increase YoY. December volume reached a record 52.5 million contracts, a 72.0% increase YoY and representing a monthly market share of 5.2%, a 41.3% increase YoY.
• In U.S. equities, MIAX Pearl Equities™ reached a record volume of 49.9 billion shares in 2024, a 6.2% increase YoY and representing a market share of 1.6%, a 4.4% decrease YoY. December volume totaled 3.8 billion shares, a 12.8% decrease YoY and representing a market share of 1.2%, a 30.0% decrease YoY.
• In U.S. futures, MIAX Futures, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reached a record volume of 3.2 million contracts in 2024, a 10.2% increase YoY. December volume reached 197,513 contracts, a 44.5% increase YoY.

Additional MIAX Exchange Group and MIAX Futures 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	Dec-24	Dec-23	% Chg	Nov-24 Advertisement	% Chg	Dec-24	Dec-23	% Chg
Trading Days	21	20		20		252	250 Advertisement
U.S. Equity Options Industry	1,011,972,009	831,449,638	21.7 %	1,010,941,318	0.1 %	11,178,827,232	10,092,147,417	10.8 %
MIAX Exchange Group Advertisement	165,584,587	128,287,450	29.1 %	163,035,002	1.6 %	1,690,222,589	1,587,012,460	6.5 %
MIAX Options	63,396,610 Advertisement	51,400,676	23.3 %	60,797,990	4.3 %	691,609,824	634,026,200	9.1 %
MIAX Pearl	31,298,746	46,372,764 Advertisement	-32.5 %	32,006,908	-2.2 %	468,016,859	647,128,959	-27.7 %
MIAX Emerald	52,472,586	30,514,010	72.0 % Advertisement	51,730,078	1.4 %	465,577,123	305,857,301	52.2 %
MIAX Sapphire(1)	18,416,645	0. -0%	–	18,500,026 Advertisement	-0.5 %	65,018,783	–	–
Multi-Listed Options ADV	Dec-24	Dec-23	% Chg	Nov-24	% Chg Advertisement	Dec-24	Dec-23	% Chg
U.S. Equity Options Industry	48,189,143	41,572,482	15.9 %	50,547,066	-4.7 %	44,360,426 Advertisement	40,368,590	9.9 %
MIAX Exchange Group	7,884,980	6,414,373	22.9 %	8,151,750	-3.3 %	6,707,232	6,348,050 Advertisement	5.7 %
MIAX Options	3,018,886	2,570,034	17.5 %	3,039,900	-0.7 %	2,744,483	2,536,105	8.2 % Advertisement
MIAX Pearl	1,490,416	2,318,638	-35.7 %	1,600,345	-6.9 %	1,857,210	2,588,516	-28.3 %
MIAX Emerald Advertisement	2,498,695	1,525,701	63.8 %	2,586,504	-3.4 %	1,847,528	1,223,429	51.0 %
MIAX Sapphire(1)	876,983 Advertisement	–	–	925,001	-5.2 %	258,011	–	–
	Multi-Listed Options Market Share for MIAX Exchange Group, Current Month					Year-to-Date Comparison Advertisement
Multi-Listed Options Market Share	Dec-24	Dec-23	% Chg	Nov-24	% Chg	Dec-24	Dec-23	% Chg
MIAX Exchange Group Advertisement	16.36 %	15.43 %	6.0 %	16.13 %	1.5 %	15.12 %	15.73 %	-3.8 %
MIAX Options	6.26 % Advertisement	6.18 %	1.3 %	6.01 %	4.2 %	6.19 %	6.28 %	-1.5 %
MIAX Pearl	3.09 %	5.58 % Advertisement	-44.5 %	3.17 %	-2.3 %	4.19 %	6.41 %	-34.7 %
MIAX Emerald	5.19 %	3.67 %	41.3 % Advertisement	5.12 %	1.3 %	4.16 %	3.03 %	37.4 %
MIAX Sapphire(1)	1.82 %	–	–	1.83 % Advertisement	-0.6 %	0.58 %	–	–

	Equities Trading Volume for MIAX Pearl Equities, Current Month					Year-to-Date Comparison Advertisement
Equities Shares (millions)	Dec-24	Dec-23	% Chg	Nov-24	% Chg	Dec-24	Dec-23	% Chg
Trading Days Advertisement	21	20		20		252	250
U.S. Equities Industry	308,866	247,729	24.7 %	292,020 Advertisement	5.8 %	3,064,080	2,758,344	11.1 %
MIAX Pearl Volume	3,827	4,387	-12.8 %	3,767	1.6 % Advertisement	49,865	46,935	6.2 %
MIAX Pearl ADV	182	219	-16.9 %	188	-3.3 %	198 Advertisement	188	5.4 %
MIAX Pearl Market Share	1.24 %	1.77 %	-30.0 %	1.29 %	-4.0 %	1.63 %	1.70 % Advertisement	-4.4 %
	Futures and Options Trading Volume and Open Interest for MIAX Futures, Current Month					Year-to-Date Comparison
Futures & Options Contracts	Dec-24	Dec-23	% Chg	Nov-24	% Chg	Dec-24 Advertisement	Dec-23	% Chg
Trading Days	21	20		20		252	250
MIAX Futures Volume	197,513 Advertisement	136,652	44.5 %	342,348	-42.3 %	3,188,735	2,894,831	10.2 %
MIAX Futures ADV	9,405	6,833 Advertisement	37.7 %	17,117	-45.1 %	12,654	11,579	9.3 %
MIAX Futures Open Interest	96,634	63,238	52.8 % Advertisement	82,183	17.6 %

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^TM), MIAX Futures Exchange, LLC (MIAX Futures^TM), MIAX Derivatives Exchange (MIAXdx^TM), The Bermuda Stock Exchange (BSX) and Dorman Trading, LLC (Dorman Trading).

MIAX, MIAX Pearl, MIAX Emerald and MIAX Sapphire 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 four 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 Futures 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. MIAX Futures 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.

MIAXdx 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. MIAX Futures offices are located in Minneapolis, MN. MIAXdx 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.

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To learn more about MIAX Futures visit www.miaxglobal.com/miax-futures.

To learn more about MIAXdx visit www.miaxdx.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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ZUG, Switzerland, Jan. 8, 2025 /PRNewswire/ –BSV Blockchain is partnering with the Financial Times (FT) for the upcoming World Economic Forum (WEF) conference, taking place from January 20 – 24^th 2025, in Davos, Switzerland. This partnership will see BSV Blockchain and FT come together for three impactful events that explore the transformative potential of blockchain technology and its role in driving innovation and resilience across industries.

The three key events at WEF include a virtual webinar which will delve into the topic – ‘The Power of Blockchain for Business Resilience: How Shared Ledger Technologies are Redefining Efficiency and Operations,’ a Davos Daily Show which is a live stream session entitled, ‘The Critical Moment: Driving the Energy Transition Forward’ and a 75-minute roundtable discussion which will focus on the theme, ‘Leveraging Blockchain and AI for Smarter Financial Solutions.’ 

Key spokespeople from BSV Blockchain, including Aleksander Góra and Richard Baker, will attend the events in Davos. They will share their expertise to the discussions and engage with global leaders.

This partnership represents an important milestone for BSV Blockchain as it positions itself as a leading voice in blockchain and Web3 technologies. By partnering with the Financial Times and participating in the WEF 2025, BSV Blockchain aims to drive meaningful conversations about the future of enterprise blockchain and the role of blockchain in creating secure, efficient and resilient systems.

Richard Baker, Board Member at the BSV Association said, “We are very proud of this partnership with FT at WEF as it highlights shared values, drives collective progress and enhances blockchain industry trust and awareness.”

Through these events, BSV Blockchain seeks to amplify its role as an enabler in Web3 innovation and showcase the transformative potential of blockchain technology for businesses worldwide.

About BSV Blockchain:

The BSV Blockchain leads the BSV blockchain for Enterprise and Government initiatives. They are based on the original Bitcoin protocol rules and those set out in the Bitcoin white paper.

About The BSV Association:

The BSV Association is a global non-profit organisation based in Switzerland. It is focused on enhancing the adoption and development of the BSV blockchain. The BSV Association oversees the creation of tech standards and helps governments, businesses, developers, and users learn how to build a worldwide blockchain ecosystem.

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NEW YORK, Jan. 8, 2025 /PRNewswire/ — Ridgewood Infrastructure, a leading infrastructure investment firm focused on essential infrastructure in the U.S. lower middle market, today announced the successful sale of its 80% interest in SiEnergy to Northwest Natural Holding Company (NYSE: NWN).

SiEnergy is a regulated utility providing essential natural gas services to residential and commercial customers in the greater metropolitan areas of Houston, Dallas, and Austin. Since acquiring the business in 2019, Ridgewood Infrastructure has led the transformation of SiEnergy into one of the fastest-growing natural gas distribution utilities in the nation. Under Ridgewood’s stewardship, SiEnergy organically expanded its service base from approximately 20,000 to more than 70,000 customers.

“SiEnergy exemplifies Ridgewood Infrastructure’s continued ability to create differentiated investments on behalf of our investors,” said Michael Albrecht, Managing Partner of Ridgewood Infrastructure. “Our focus on operational and service excellence ensured the company was able to scale and will benefit SiEnergy’s customers for years to come.”

Albrecht added: “We are pleased with the accomplishments of SiEnergy, which reflect the dedication of the company’s leadership team, employees, and partners, all of whom have played a pivotal role in its success.”

RBC Capital Markets, LLC acted as exclusive financial advisor and White & Case LLP as legal advisor to Ridgewood Infrastructure.

About Ridgewood Infrastructure

Ridgewood Infrastructure is a leading infrastructure investor in the U.S. lower middle market with sectors of focus including Water, Energy Transition, Transportation, and Utilities. For more information, visit www.ridgewoodinfrastructure.com.

Contact Information:
Ridgewood Infrastructure
527 Madison Avenue, 18th Floor
New York, NY 10022
Phone: (212) 867-0050
[email protected]

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