High industry volumes drive strong trading activity
Dec 6, 2024
Strong Equity and Options Activity
Highlights & Recent Developments
- Industry volume increased 38% year over year in equities and 26% year over year in options
- Off-exchange equity market share hit a new record of 50.6%, including high sub-$1 trading
- MEMX Equities retail average daily volume increased 39% month over month
- Notional value traded in Bitcoin ETFs was up 98% month over month and 141% month over month for Ethereum ETPs
- MEMX Options regular electronic market share increased to 6.0%, including market share of 6.3% in SPY and 10.2%
Non-Penny
Equities Exchange Highlights
Industry equity share volume increased 38% year over year, and notional value traded rose 32% year over year, in November.
Off-exchange market share on the FINRA Trade Reporting Facility (TRF) has increased in recent months and reached a new high of 50.6% in November. Sub-$1 trading activity was nearly 20% of industry volume and contributed to higher off-exchange market share in November.
MEMX Equities retail average daily add volume was 114 million shares in November, up 39% month over month, including significant trading in sub-$1 stocks.
In November, industry notional traded increased 133% month over month in Bitcoin ETFs and increased 183% month over month in Ethereum ETPs. The price of Bitcoin hit new highs as the crypto industry prepares for regulatory changes under the new administration. Options in several Bitcoin ETFs began trading in November, offering a new way for investors to hedge Bitcoin exposure.
Options Exchange Highlights
Industry options contracts increased 26% year over year, and notional value traded increased 72% year over year, in November.
MEMX Options regular electronic market share rose to 6.0% in November, including market share of 6.3% in SPY, 5.9% in QQQ, 6.4% in IWM, and 10.2% in Non-Penny.
