MIAX-parent Miami International Holdings confidentially files for U.S. IPO

Discussion in 'Wall St. News' started by tiddlywinks, May 15, 2022.

  1. tiddlywinks

    tiddlywinks

    May 6 (Reuters) - Miami International Holdings Inc, which owns the options exchange Miami International Securities Exchange (MIAX), said on Friday it has confidentially submitted paperwork with regulators for a U.S. initial public offering.

    The Princeton, New Jersey-based exchange operator did not share any other details related to the terms of the offering and chose to keep its finances hidden from competition by confidentially filing initial paperwork with the U.S. Securities and Exchange Commission.

    Miami International owns three options exchanges including the MIAX Pearl. It also runs the Bermuda Stock Exchange and the Minneapolis Grain Exchange, among others.

    The company launched stock trading on the MIAX Pearl in September 2020, looking to grab market share from the likes of its listed peers such as Nasdaq Inc (NDAQ.O), Intercontinental Exchange Inc owned New York Stock Exchange, Cboe Global Markets (CBOE.Z) and others.

    Miami International launched options trading on the MIAX, its first exchange, in December 2012, using management expertise and relationships in the equity options space. It now lists and trades options on over 3,900 multi-listed classes, its website said.

    https://www.reuters.com/world/us/mi...dings-confidentially-files-us-ipo-2022-05-06/
     
  2. NorgateData

    NorgateData Sponsor

    For listed (i.e. non-OTC) equities, on a 5 day average, MIAX Peal has a 1.06% market share, LTSE (0.00%) and below IEX (2.83%), Members Exchange (4.01%), Cboe (14.43%), Nasdaq (18.51%) NYSE (19.90%) with Dark pools/ECNs accounting for 39.26%.

    Cboe is gaining right market share from the incumbents right now and also an alternative to Arca for ETF listings (albeit many of them rather (!) illiquid).

    Source: https://www.cboe.com/us/equities/market_share/
     
  3. ajacobson

    ajacobson

    [​IMG]
    OCC Daily Volume no-reply@theocc.com via everbridge.net
    Fri, May 13, 10:07 PM (3 days ago)
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    to me
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    OCC Contract Volume

    Trade Date: May 13, 2022

    Total Contract Volume: 46,867,963
    Total Options: 46,607,209 Total Futures: 260,754
    Equity Options: 43,445,808 Equity Futures: 0
    Index/Other Options: 3,161,401 Index/Other Futures: 260,754
    Debt Options: 0 Options On Futures: 0
    May 22 Average: 42,188,060 May 22 Average: 288,631
    2022 YTD Average: 41,663,311 2022 YTD Average: 251,506
    May 21 End of Month Average: 36,187,088 May 21 End of Month Average: 268,638
    Percentage of Market Share

    Options:
    Exchange
    Equity Percentage Index/Other Percentage Debt Percentage Total Percentage
    AMEX: 3,679,951 8.47% 0 0.00% 0 0.00% 3,679,951 7.90%
    ARCA: 5,395,110 12.42% 0 0.00% 0 0.00% 5,395,110 11.58%
    BATS: 3,627,345 8.35% 1,052 0.03% 0 0.00% 3,628,397 7.79%
    BOX: 2,278,719 5.24% 0 0.00% 0 0.00% 2,278,719 4.89%
    C2: 1,820,626 4.19% 13,918 0.44% 0 0.00% 1,834,544 3.94%
    CBOE: 4,333,127 9.97% 3,117,825 98.62% 0 0.00% 7,450,952 15.99%
    EDGX: 2,707,962 6.23% 0 0.00% 0 0.00% 2,707,962 5.81%
    EMLD: 1,612,958 3.71% 0 0.00% 0 0.00% 1,612,958 3.46%
    GEM: 1,048,063 2.41% 523 0.02% 0 0.00% 1,048,586 2.25%
    ISE: 2,309,777 5.32% 14,301 0.45% 0 0.00% 2,324,078 4.99%
    MCRY: 729,921 1.68% 0 0.00% 0 0.00% 729,921 1.57%
    MIAX: 2,481,129 5.71% 0 0.00% 0 0.00% 2,481,129 5.32%
    MPRL: 1,978,202 4.55% 0 0.00% 0 0.00% 1,978,202 4.24%
    NOBO: 983,012 2.26% 0 0.00% 0 0.00% 983,012 2.11%
    NSDQ: 3,576,066 8.23% 0 0.00% 0 0.00% 3,576,066 7.67%
    PHLX: 4,883,840 11.24% 13,782 0.44% 0 0.00% 4,897,622 10.51%
    Futures:
    Exchange
    Equity Percentage Index/Other Percentage OOF Percentage Total Percentage
    CFE: 0 0.00% 258,950 99.31% 0 0.00% 258,950 99.31%
    SML: 0 0.00% 1,804 0.69% 0 0.00% 1,804 0.69%
    ONE: 0 0.00% 0 0.00% 0 0.00% 0 0.00%
    OCC Open Interest

    Total Open Interest: 464,831,333
    Equity Calls: 240,875,615 Index/Other Calls: 13,593,442 Debt Calls: 0
    Equity Puts: 193,723,715 Index/Other Puts: 16,289,337 Debt Puts: 0
    Equity Total: 434,599,330 Index/Other Total: 29,882,779 Debt Total: 0
    Futures Open Interest: 349,224


    There are no option ECNs or dark pools. It's a myth. There is dark liquidity. Most days the PHLX leads in equities