Value traded and options volume move up
Apr 11, 2024
Strong Growth in Average Notional Traded and Options Volume
Highlights & Recent Developments
- MEMX Equities ranked fourth or better in time-at-NBBO quoting in 5,002 symbols
- Industry average daily notional traded was up 19% year-over-year to $660 billion in March, with Nvidia (NDVA) up significantly
- Bitcoin ETF average daily notional traded increased 165% sequentially to $5.6 billion in March
- MEMX Options traded 729,157 average daily contracts in March, a new monthly record
- MEMX Options market share was 1.7% of equity contracts and 3.0% of regular electronic equity contracts in March
Equities Exchange Highlights
MEMX exchange market share was 4.5% in March. Among 16 exchanges, MEMX ranked first or second in time-at-NBBO quoting in 1,598 symbols and fourth or better in 5,002 symbols.
Industry average daily notional traded was up 19% year-over-year to $660 billion in March. Trading in Tape C securities was up proportionately, accounting for 48.0% of notional traded. NVDA activity has increased significantly, accounting for 8.2% of notional traded in March.
Average daily notional traded in Bitcoin ETFs increased 165% sequentially to $5.6 billion in March as the price of Bitcoin reached a new high. Bitcoin ETFs accounted for 0.8% of industry notional traded in March.
Options Exchange Highlights
MEMX Options traded 729,157 average daily contracts in March, a new record, following the full symbol rollout at the end of February.
MEMX Options market share was 1.7% of equity contracts and 3.0% of regular electronic equity contracts in March. In QQQ, MEMX had a total market share of 2.0% and regular electronic market share of 3.6% on March 28th.
