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Miami International Holdings, Inc. (MIH) today reported August 2022 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group™), and Minneapolis Grain Exchange (MGEX™).
August 2022 Trading Volume Highlights
- Total U.S. multi-listed options market share for the MIAX Exchange Group reached 12.79%, representing a 16.0% year-over-year (YoY) decrease. A total of 108.1 million multi-listed options contracts were executed on the MIAX Exchange Group, representing a 6.8% decrease YoY and an average daily volume (ADV) of 4,699,129 contracts. Total year-to-date (YTD) volume reached 863.8 million contracts, a decrease of 1.7% from the same period in 2021.
- MIAX Options reported record YTD volume of 360.6 million contracts, up 6.0% from the same period in 2021, with volume reaching 47.0 million contracts in August 2022, a 0.3% YoY decrease. MIAX Emerald reported YTD volume of 217.2 million contracts, an 8.1% decrease from the same period in 2021, with volume totaling 25.4 million contracts in August 2022, a 39.2% YoY decrease. MIAX Pearl reported YTD volume of 286.0 million contracts, a 5.2% decrease from the same period in 2021, with volume totaling 35.7 million contracts in August 2022, a 31.9% YoY increase.
- In U.S. equities, MIAX Pearl Equities™ reported volume of 2.4 billion shares in August 2022, representing a 210.2% increase YoY and a market share of 0.98%. Total YTD volume reached a record 19.6 billion shares, a 316.9% increase from the same period in 2021.
- In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reported trading volume of 376,441 contracts in August 2022, a 4.6% decrease YoY. Total YTD volume reached 2,400,396 contracts, a decrease of 3.0% from the same period in 2021.
- SPIKES® Futures volume totaled 160,628 contracts in August 2022, representing an 87.0% increase YoY and an average daily volume of 6,984 contracts. Total YTD volume reached a record of 538,417 contracts, a 314.8% increase YoY.
Additional MIAX Exchange Group and MGEX volume details are included in the following tables.
|
Multi-Listed Options Trading Volume for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Multi-Listed Options |
Aug-22 |
Aug-21 |
% Chg |
Jul-22 |
% Chg |
Aug-22 |
Aug-21 |
% Chg |
|
Trading Days |
23 |
22 |
20 |
167 |
167 |
|||
|
U.S. Equity Options Industry |
845,104,433 |
761,891,872 |
10.9 % |
685,359,630 |
23.3 % |
6,285,805,288 |
6,132,683,722 |
2.5 % |
|
MIAX Exchange Group |
108,079,977 |
116,013,478 |
-6.8 % |
92,981,667 |
16.2 % |
863,818,014 |
878,372,405 |
-1.7 % |
|
MIAX Options |
46,972,524 |
47,123,249 |
-0.3 % |
40,410,802 |
16.2 % |
360,617,154 |
340,247,261 |
6.0 % |
|
MIAX Pearl |
35,696,808 |
27,068,706 |
31.9 % |
31,905,134 |
11.9 % |
286,036,788 |
301,731,215 |
-5.2 % |
|
MIAX Emerald |
25,410,645 |
41,821,523 |
-39.2 % |
20,665,731 |
23.0 % |
217,164,072 |
236,393,929 |
-8.1 % |
|
Multi-Listed Options ADV |
Aug-22 |
Aug-21 |
% Chg |
Jul-22 |
% Chg |
Aug-22 |
Aug-21 |
% Chg |
|
U.S. Equity Options Industry |
36,743,671 |
34,631,449 |
6.1 % |
34,267,982 |
7.2 % |
37,639,553 |
36,722,657 |
2.5 % |
|
MIAX Exchange Group |
4,699,129 |
5,273,340 |
-10.9 % |
4,649,083 |
1.1 % |
5,172,563 |
5,259,715 |
-1.7 % |
|
MIAX Options |
2,042,284 |
2,141,966 |
-4.7 % |
2,020,540 |
1.1 % |
2,159,384 |
2,037,409 |
6.0 % |
|
MIAX Pearl |
1,552,035 |
1,230,396 |
26.1 % |
1,595,257 |
-2.7 % |
1,712,795 |
1,806,774 |
-5.2 % |
|
MIAX Emerald |
1,104,811 |
1,900,978 |
-41.9 % |
1,033,287 |
6.9 % |
1,300,384 |
1,415,533 |
-8.1 % |
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Multi-Listed Options Market |
Aug-22 |
Aug-21 |
% Chg |
Jul-22 |
% Chg |
Aug-22 |
Aug-21 |
% Chg |
|
MIAX Exchange Group |
12.79 % |
15.23 % |
-16.0 % |
13.57 % |
-5.7 % |
13.74 % |
14.32 % |
-4.1 % |
|
MIAX Options |
5.56 % |
6.19 % |
-10.1 % |
5.90 % |
-5.7 % |
5.74 % |
5.55 % |
3.4 % |
|
MIAX Pearl |
4.22 % |
3.55 % |
18.9 % |
4.66 % |
-9.3 % |
4.55 % |
4.92 % |
-7.5 % |
|
MIAX Emerald |
3.01 % |
5.49 % |
-45.2 % |
3.02 % |
-0.3 % |
3.45 % |
3.85 % |
-10.4 % |
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Aug-22 |
Aug-21 |
% Chg |
Jul-22 |
% Chg |
Aug-22 |
Aug-21 |
% Chg |
|
Trading Days |
23 |
22 |
20 |
167 |
167 |
|||
|
U.S. Equities Industry |
243,296 |
198,029 |
22.9 % |
214,812 |
13.3 % |
2,036,953 |
1,959,231 |
4.0 % |
|
Miax Pearl Volume |
2,396 |
773 |
210.2 % |
1,962 |
22.1 % |
19,624 |
4,708 |
316.9 % |
|
MIAX Pearl ADV |
104 |
35 |
196.7 % |
98 |
6.2 % |
118 |
28 |
316.9 % |
|
MIAX Pearl Market Share |
0.98 % |
0.39 % |
152.5 % |
0.91 % |
7.8 % |
0.96 % |
0.24 % |
301.0 % |
|
Futures & Options Trading Volume for MGEX, Current Month |
Year-to-Date Comparison |
|||||||
|
Futures & Options Contracts |
Aug-22 |
Aug-21 |
% Chg |
Jul-22 |
% Chg |
Aug-22 |
Aug-21 |
% Chg |
|
Trading Days |
23 |
22 |
20 |
167 |
167 |
|||
|
MGEX Futures Volume |
376,441 |
394,528 |
-4.6 % |
236,941 |
58.9 % |
2,400,396 |
2,475,882 |
-3.0 % |
|
MGEX ADV |
16,367 |
17,933 |
-8.7 % |
11,847 |
38.2 % |
14,374 |
14,826 |
-3.0 % |
