Princeton, N.J., March 3, 2020 – Miami International Holdings, Inc. (MIH) today reported February 2020 trading results for its three fully electronic options exchanges – MIAX® , MIAX PEARL® and MIAX Emerald™ (together, the MIAX Exchange Group™). The MIAX Exchange Group collectively executed over 55.4 million equity option contracts in February for a combined average daily volume (ADV) of 2,919,913 contracts, representing a total U.S. equity options market share of 10.92%, all of which were new monthly records. Additionally, the MIAX Exchange Group set new daily records for equity option contracts executed (5,199,080) and equity option market share (12.14%), while MIAX, MIAX PEARL and MIAX Emerald all set new individual exchange daily records for contracts executed (2,181,676; 2,780,300; and 257,830, respectively).

Fund Technology and WSL Awards 2020

MIH is pleased to announce that the MIAX Exchange Group won the “Most Innovative Exchange Technology” category at the Fund Technology and WSL Awards 2020. The Fund Technology and WSL Awards 2020 recognize and reward providers catering to asset managers and institutional traders that have demonstrated exceptional customer service and innovative product development over the past 12 months. This marks the second consecutive year that the MIAX Exchange Group has won this category.

“We are honored to be recognized for our exchange technology for a second year in a row, as we continuously strive for technology innovation and excellence to enable our member firms the best trading experience possible in the exchange marketplace,” said Douglas M. Schafer, Jr., Executive Vice President and Chief Information Officer of MIH. “This award represents a great accomplishment for our MIAX technology teams, and we would like to thank the Fund Technology and WSL Awards 2020 judges for again recognizing the MIAX Exchange Group.”

Tom Jarck Joins MIAX Exchange Group as Volatility Products Specialist

MIH is further pleased to announce that industry veteran Tom Jarck has joined the MIAX Exchange Group as Volatility Products Specialist. He will be part of the MIAX Business team.

Tom previously worked on several of the largest Wall Street bank equity index volatility trading desks in director and managing director roles, including Citigroup, Deutsche Bank, and most recently at Societe Generale.

Tom’s role at the MIAX Exchange Group will be product development, marketing and education, focusing primarily on volatility products that will include options on the SPIKES® Volatility Index (SPIKES; Ticker: SPIKE), listed on MIAX Options, and futures on SPIKES, which will be available on the Minneapolis Grain Exchange (MGEX), subject to regulatory approval.

Commented Shelly Brown, Executive Vice President, Strategic Planning and Business Development of MIH, “We are very pleased to welcome Tom to the MIAX Business team. His expertise and knowledge of the volatility universe that includes trading, technical skills, reputation, exchange mechanics and a vast network of contacts, is truly unmatched in the industry. Tom will be a valuable addition, not only to the MIAX Exchange Group, but also to MGEX and T3 Index, taking a prominent role in the growth of the SPIKES volatility product suite.”

Detailed Monthly Trading Results Are as Follows:

For further information regarding the MIAX Exchange Group, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com.

Corporate Communications Contact:

Dominique Prunetti-Miller

(609) 897-1465

dprunetti@miami-holdings.com

About MIH and the MIAX Exchange Group

Miami International Holdings, Inc. (MIH) is the parent holding company of Miami International Securities Exchange, LLC (MIAX® ), MIAX PEARL, LLC (MIAX PEARL® ) and MIAX Emerald, LLC (MIAX Emerald™ and together with MIAX and MIAX PEARL, the MIAX Exchange Group™), three fully electronic options trading exchanges. MIH also owns a controlling interest in the Bermuda Stock Exchange.

MIAX, MIAX PEARL and MIAX Emerald leverage the MIAX Exchange Group’s industry-leading technology and infrastructure to provide their member firms with traditional pricing and pro rata allocation (MIAX), maker-taker pricing and price-time allocation (MIAX PEARL) market structures, and a hybrid market structure with maker-taker pricing and pro rata allocation (MIAX Emerald).

MIAX Options 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).

The MIAX Exchange Group’s executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL.

To learn more about MIH and the MIAX Exchange Group visit www.MIAXOptions.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.

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