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Miami International Holdings Reports Trading Results for June 2024; YTD Volumes Reach Record Levels on Multiple Options and Equities Exchanges

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PRINCETON, N.J., July 11, 2024 /PRNewswire/ — Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes and geographies, today reported June 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™).

June 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 115 million contracts, a 19.1% decrease year-over-year (YoY). June 2024 market share reached 13.7%, a 15.5% decrease YoY. Total year-to-date (YTD) volume reached 811.0 million contracts, a 2.3% decrease from the same period in 2023.MIAX Options reached a monthly volume of 51.2 million contracts, a 10.4% decrease YoY. June 2024 market share reached 6.1%, a 6.4% decrease YoY. Total YTD volume reached a record 331.5 million contracts, a 0.1% increase from the same period in 2023.MIAX Pearl Options reached a monthly volume of 32.2 million contracts, a 45.6% decrease YoY. June 2024 market share reached 3.8%, a 43.1% decrease YoY. Total YTD volume reached 278.7 million contracts, an 18.6% decrease from the same period in 2023.MIAX Emerald Options reached a monthly volume of 31.6 million contracts, a 22.2% increase YoY. June 2024 market share reached 3.8%, a 27.7% increase YoY. Total YTD volume reached a record 200.8 million contracts, a 28.5% increase from the same period in 2023.In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 3.0 billion shares, 31.3% decrease YoY and representing a market share of 1.3%, a 28.1% decrease YoY. Total YTD volume reached a record 25.8 billion shares, a 24.0% increase from the same period in 2023. YTD market share reached a record 1.8%, an increase of 18.7% 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 346,016 contracts, a 27.4% increase YoY and a 57.1% increase from May 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 Contracts

Jun-24

Jun-23

% Chg

May-24

% Chg

Jun-24

Jun-23

% Chg

Trading Days

19

21

22

124

124

U.S. Equity Options Industry

837,628,620

875,309,560

-4.3 %

888,512,052

-5.7 %

5,291,681,759

5,063,978,540

4.5 %

MIAX Exchange Group

114,989,271

142,120,689

-19.1 %

130,439,711

-11.8 %

810,990,932

829,863,120

-2.3 %

MIAX Options

51,218,895

57,183,100

-10.4 %

52,569,134

-2.6 %

331,452,604

331,096,501

0.1 %

MIAX Pearl

32,151,900

59,058,771

-45.6 %

43,052,063

-25.3 %

278,700,899

342,516,530

-18.6 %

MIAX Emerald

31,618,476

25,878,818

22.2 %

34,818,514

-9.2 %

200,837,429

156,250,089

28.5 %

Multi-Listed Options ADV

Jun-24

Jun-23

% Chg

May-24

% Chg

Jun-24

Jun-23

% Chg

U.S. Equity Options Industry

44,085,717

41,681,408

5.8 %

40,386,911

9.2 %

42,674,853

40,838,537

4.5 %

MIAX Exchange Group

6,052,067

6,767,652

-10.6 %

5,929,078

2.1 %

6,540,249

6,692,445

-2.3 %

MIAX Options

2,695,731

2,723,005

-1.0 %

2,389,506

12.8 %

2,673,005

2,670,133

0.1 %

MIAX Pearl

1,692,205

2,812,322

-39.8 %

1,956,912

-13.5 %

2,247,588

2,762,230

-18.6 %

MIAX Emerald

1,664,130

1,232,325

35.0 %

1,582,660

5.1 %

1,619,657

1,260,081

28.5 %

Multi-Listed Options Market Share for

MIAX Exchange Group, Current Month

Year-to-Date Comparison

Multi-Listed Options Market Share

Jun-24

Jun-23

% Chg

May-24

% Chg

Jun-24

Jun-23

% Chg

MIAX Exchange Group

13.73 %

16.24 %

-15.5 %

14.68 %

-6.5 %

15.33 %

16.39 %

-6.5 %

MIAX Options

6.11 %

6.53 %

-6.4 %

5.92 %

3.4 %

6.26 %

6.54 %

-4.2 %

MIAX Pearl

3.84 %

6.75 %

-43.1 %

4.85 %

-20.8 %

5.27 %

6.76 %

-22.1 %

MIAX Emerald

3.77 %

2.96 %

27.7 %

3.92 %

-3.7 %

3.80 %

3.09 %

23.0 %

 

Equities Trading Volume for

MIAX Pearl Equities, Current Month

Year-to-Date Comparison

Equities Shares (millions)

Jun-24

Jun-23

% Chg

May-24

% Chg

Jun-24

Jun-23

% Chg

Trading Days

19

21

22

124

124

U.S. Equities Industry

225,690

236,192

-4.4 %

274,062

-17.7 %

1,458,681

1,396,922

4.4 %

MIAX Pearl Volume

3,022

4,395

-31.3 %

4,591

-34.2 %

25,847

20,846

24.0 %

MIAX Pearl ADV

159

209

-24.0 %

209

-23.8 %

208

168

24.0 %

MIAX Pearl Market Share

1.34 %

1.86 %

-28.1 %

1.68 %

-20.1 %

1.77 %

1.49 %

18.7 %

 

Futures & Options Trading Volume and Open Interest for MGEX,
Current Month

Year-to-Date Comparison

Futures Contracts

Jun-24

Jun-23

% Chg

May-24

% Chg

Jun-24

Jun-23

% Chg

Trading Days

19

21

22

124

124

MGEX Futures Volume

346,016

271,495

27.4 %

220,302

57.1 %

1,627,528

1,424,896

14.2 %

MGEX ADV

18,211

12,928

40.9 %

10,014

81.9 %

13,125

11,491

14.2 %

MGEX Open Interest

79,968

53,926

48.3 %

68,418

16.9 %

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 Sapphire™), Minneapolis Grain Exchange, LLC (MGEX™), Ledger X LLC d/b/a MIAX Derivatives Exchange (MIAXdx), 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.

MIAXdx is a CFTC regulated exchange and clearinghouse and is registered as a DCM, 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. 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.

To learn more about MGEX visit www.miaxglobal.com/mgex.

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
anybo@miaxglobal.com

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

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How President Xi Jinping Has Charted the Course for Boosting China’s Strength in Finance: Nurturing a Financial Culture with Chinese Characteristics

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BEIJING, Nov. 3, 2026 /PRNewswire/ — A news report from en.qstheory.cn:

Boosting strength in finance requires us to enhance not only China’s hard power but also its soft power. With an outstanding financial culture, we can shape the values that orient the financial sector, create internal incentives and constraints, and provide the moral foundations for the law and supervision. In this regard, President Xi Jinping has stressed the need to operate in an honest and trustworthy way and never cross the line; to prioritize the greater good in the pursuit of interests, rather than placing self-interest above all else; to adopt a steady and prudent approach and resist the urge to recklessly seek quick gains; to uphold fundamental principles while breaking new ground and ensure finance does not become decoupled from the real economy; and to uphold the law, ensure regulatory compliance, and refrain from misconduct. These requirements not only draw on the essence of traditional Chinese culture, but also articulate the philosophy underpinning modern finance.

Honesty is the lifeblood of finance. Since its advent, finance has been intrinsically tied to trust. China’s commercial traditions have long placed a premium on honoring one’s commitments. The requirement to operate in an honest and trustworthy way and never cross the line aims to turn the pursuit of honesty into a binding code of conduct that spans all dimensions of financial activity and ensure that financial institutions and practitioners consciously honor their commitments. In this way, the spirit of the contract, market rules, and professional ethics will become conscious norms throughout the financial sector, leaving no room for fraud or breaches of trust.

Properly managing the relationship between principle and profit is the linchpin for balancing the dual nature of finance. While capital is inherently profit-seeking, it must adhere to the baseline requirement of upholding principle. Finance is both functional and profit-driven in nature. The unique wisdom of Chinese culture lies in valuing both principle and profit, while placing greater emphasis on the former. At its core, the requirement to prioritize the greater good in the pursuit of interests aims to ensure that the pursuit of profit gives way to the functional role of finance. Financial activities must remain anchored in the overriding goals of enhancing the efficiency of the real economy and improving public wellbeing. The financial sector must fulfill its social responsibilities and develop symbiotically with the economy, society, and the environment.

Prudence can be thought of as an “immune system” preventing the spread of risk. As finance carries risk in its very DNA and has the effect of amplifying leverage, the reckless pursuit of quick gains must be avoided at all costs in the financial sector. So-called innovation and growth pursued without sufficient prudence will ultimately backfire. A steady and prudent approach must therefore become an innate part of the self-discipline and conscious practice guiding the sector. Institutions must cultivate the correct perspectives on operations, performance, and risk management. They need to strike the right balance between stability and progress, between short-term and long-term development, and between development and security, all aimed at steady and sustainable high-quality development.

*This is an excerpt from an article titled “How President Xi Jinping Has Charted the Course for Boosting China’s Strength in Finance” by Qiushi Editorial Department published in Qiushi Journal, English edition, No. 2, 2026. Full text: https://en.qstheory.cn/2026-05/25/c_1184007.htm 

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SOURCE en.qstheory.cn

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Mashreq launches generative AI capabilities to strengthen fraud risk management with Clari5

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BENGALURU, India, Nov. 3, 2026 /PRNewswire/ — Mashreq, a leading financial institution in the MENA region, has launched new generative AI capabilities within its fraud platform in collaboration with Clari5 – A Perfios Company. The move brings tangible benefits across three priority areas: enhancing fraud detection effectiveness, improving analyst productivity, and supporting stronger investigative decision-making.

Announced at Mashreq’s Innovation Hub in Dubai in the presence of senior leadership from both organizations, the launch demonstrates how generative AI can be applied within a banking environment to complement the expertise and judgement of fraud professionals.

Ahmed Abdelaal, Group Chief Executive Officer at Mashreq, said: “In an increasingly digital financial landscape, fraud is becoming more sophisticated, and the way banks respond must adapt accordingly. At Mashreq, we are committed to implementing AI responsibly in areas where it can have a meaningful impact, strengthening the resilience of our operations and the trust our customers place in us.”

Nitin Chugh, MD and Group CEO, Perfios, said: “Our collaboration with Mashreq demonstrates how generative AI can help banks tackle the growing complexity of financial crime by bringing together disparate information, accelerating investigations and enabling better-informed decisions. The goal is to augment investigators’ expertise, not automate judgement, while ensuring AI operates with the rigour and accountability that financial crime management demands.”

Rivi Varghese, Co-Founder and CEO, Clari5, said: “Banks don’t need AI that acts on its own. They need AI they can govern by their own rules. Clari5 has shown how AI can operate on-premises inside a bank’s own environment, grounded in the bank’s context, and remain auditable, explainable and under human control. We are proud to have gone live with Mashreq and set an example of how enterprise-grade AI should operate in managing financial crime.”

Rania Nerhal, Group Chief Client Experience & Conduct Officer at Mashreq, said: “The value of generative AI lies in its ability to help us interpret relevant information and respond to emerging risks with greater speed, consistency, efficiency, and precision. This launch is part of our continued investment in deploying the latest technology to evolve our fraud risk management framework.”

Developed through the ongoing collaboration between Mashreq and Clari5, the new capabilities further strengthen the bank’s fraud detection platform. They are designed to deliver two key benefits:

Seamless customer experience: Supporting faster, more consistent, and more effective fraud detection.Greater consumer trust: Reinforcing confidence in the bank’s ability to protect customers and respond to emerging risks.

About Mashreq:

Mashreq is a leading financial institution headquartered in Dubai, serving individuals, entrepreneurs, corporates, and institutions across the UAE and key regional and international markets. With a heritage spanning nearly six decades, Mashreq combines digital-first innovation with deep relationship banking across retail banking, corporate and investment banking, global markets, transaction banking, Islamic banking, wealth management, and treasury. The bank delivers secure, advanced, and customer-centric experiences while actively driving the transition toward a sustainable economy. Through a robust Environmental, Social, and Governance (ESG) framework, Mashreq is committed to facilitating sustainable finance, fostering responsible operations, and delivering positive societal impact.

With an extensive international footprint spanning the UAE, Oman, Qatar, Kuwait, Bahrain, Egypt, Pakistan, Türkiye, India, the UK, the US, and Hong Kong, Mashreq seamlessly connects regional businesses with global markets while maintaining deep local expertise.

Guided by its core purpose to help customers Rise Every Day, Mashreq partners with clients to navigate change, unlock sustainable growth opportunities, and achieve long-term success.

For more information, please visit: www.mashreq.com

About Clari5:

Clari5 – A Perfios Company, is the leading provider of real-time financial crime management platforms for banks, insurance companies, telcos and other financial institutions worldwide. Powered by AI-native capabilities, Clari5 helps detect, prevent, report and investigate financial crime in real time. Trusted by 80+ banks across 30+ countries for over two decades, Clari5 unifies fraud and AML on a single platform. It processes 12+ billion transactions every month and protects more than 1 billion accounts. Clari5 is part of the Perfios group, India’s largest B2B SaaS TechFin, serving over 1,000 financial institutions across 18 countries. To know more, visit www.clari5.com.

 

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RedotPay Deepens Hong Kong Investment as OASES Strategic Enterprise Partner

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RedotPay is investing in global talent in Hong Kong to scale the city’s stablecoin payments industry and entrepreneurial ecosystem

HONG KONG, Nov. 3, 2026 /PRNewswire/ — RedotPay, a global stablecoin-based payments fintech company, has expanded its hiring and infrastructure presence in Hong Kong. The company is part of the Office for Attracting Strategic Enterprises (OASES) program and has received OASES support since being included in its strategic enterprise cohort in April 2026.

RedotPay, which serves over nine million users across more than 100 countries, has worked alongside OASES to strengthen Hong Kong’s stablecoin payments industry and entrepreneurial landscape, directing significant investment toward local infrastructure and talent.

RedotPay has added more than 125 employees in Hong Kong since 2025, recently expanding its office in Central and establishing a research and development (R&D) center in Hong Kong-Shenzhen Innovation and Technology Park with the support of OASES.

RedotPay is one of the OASES strategic enterprises exhibiting at Hong Kong FinTech Week, where it is engaging with public and private sector stakeholders and showcasing its future investment plans in Hong Kong.

Established by the Hong Kong SAR Government in 2022, OASES supports the growth of high-potential companies like RedotPay to cement the city’s position as a leader in financial technology and digital assets. To date, OASES has attracted 142 strategic enterprises, which are expected to invest HK$84 billion and create around 27,000 jobs in the coming years.

“Hong Kong has become one of the world’s foremost centers of financial innovation, and we are committed to working with OASES to strengthen its position as a leading hub for the stablecoin payments industry,” said Michael Gao, co-founder and CEO of RedotPay. “Going forward, we plan to invest further in talent and infrastructure here in Hong Kong to better serve our users around the world.”

“We are pleased that RedotPay has joined the OASES cohort, with Hong Kong serving as its headquarters and R&D center. We look forward to continuing our support for RedotPay’s development and to working with partners across the ecosystem,” said Bryan Peng, Executive Director of OASES. “Its investment in local R&D and talent strengthens the digital asset ecosystem here and shows how Hong Kong can serve as a launchpad for companies with global ambitions. We look forward to continuing to support the company’s growth.”

About RedotPay

RedotPay is a global stablecoin-based payment fintech that integrates blockchain solutions with traditional banking and finance infrastructures. Its intuitive platform empowers millions around the world to spend and send digital assets, ensuring faster, more accessible, and inclusive financial services. RedotPay advances financial inclusion for the unbanked and supports crypto enthusiasts, driving global adoption of secure and flexible stablecoin-powered financial solutions to bring crypto to real life. For more information, visit www.redotpay.com.

About OASES

The Office for Attracting Strategic Enterprises (OASES) is a dedicated HKSAR Government agency—operating directly under the Financial Secretary—established to attract high-potential and representative strategic enterprises from around the globe to set up or expand operations in Hong Kong.

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