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Miami International Holdings, Inc. today reported August 2023 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 2023 and Year-to-Date Trading Volume Highlights
- Total multi-listed monthly options volume for the MIAX Exchange Group reached 138.0 million contracts, a 27.7% increase year-over-year (YoY) and representing a monthly market share of 14.85%, a 16.1% increase YoY. Total year-to-date (YTD) volume reached a record 1.1 billion contracts, a 26.5% increase YoY.
- MIAX Options reached a monthly volume of 55.2 million contracts, a 17.4% increase YoY and representing a monthly market share of 5.94%, a 6.8% increase YoY. MIAX Options reached a record YTD volume of 437.4 million contracts, up 21.3% from the same period in 2022.
- MIAX Pearl Options reached a monthly volume of 58.2 million contracts, a 62.9% increase YoY and representing a monthly market share of 6.26%, a 48.2% increase YoY. MIAX Pearl Options reached a record YTD volume of 451.3 million contracts, up 57.8% from the same period in 2022.
- MIAX Emerald reached a monthly volume of 24.7 million contracts, a 2.9% decrease YoY and representing a monthly market share of 2.65%, an 11.7% decrease YoY.
- In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 4.2 billion shares, a 75.9% increase YoY and representing a monthly market share of 1.74%, a 76.8% increase YoY. MIAX Pearl Equities set a new daily market share record of 2.17% on August 25th and reached a record YTD volume of 28.6 billion shares, a 46.0% increase YoY.
- In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reached a monthly volume of 329,483 contracts, a 12.5% decrease YoY and a 34.4% increase from July 2023.
- SPIKES® Futures volume totaled 26,687 contracts in August 2023, representing an 83.4% decrease YoY and an average daily volume of 1,160 contracts.
Additional MIAX Exchange Group volume information is included in the tables below.
|
Multi-Listed Options Trading Volume for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options |
Aug-23 |
Aug-22 |
% Chg |
Jul-23 |
% Chg |
Aug-23 |
Aug-22 |
% Chg |
|
|
Trading Days |
23 |
23 |
20 |
167 |
167 |
||||
|
U.S. Equity Options Industry |
929,123,718 |
845,104,433 |
9.9 % |
803,919,985 |
15.6 % |
6,797,022,243 |
6,285,805,288 |
8.1 % |
|
|
MIAX Exchange Group |
137,982,535 |
108,079,977 |
27.7 % |
125,287,676 |
10.1 % |
1,093,133,331 |
863,818,014 |
26.5 % |
|
|
MIAX Options |
55,161,173 |
46,972,524 |
17.4 % |
51,143,921 |
7.9 % |
437,401,595 |
360,617,154 |
21.3 % |
|
|
MIAX Pearl |
58,153,595 |
35,696,808 |
62.9 % |
50,643,890 |
14.8 % |
451,314,015 |
286,036,788 |
57.8 % |
|
|
MIAX Emerald |
24,667,767 |
25,410,645 |
-2.9 % |
23,499,865 |
5.0 % |
204,417,721 |
217,164,072 |
-5.9 % |
|
|
Multi-Listed Options ADV |
Aug-23 |
Aug-22 |
% Chg |
Jul-23 |
% Chg |
Aug-23 |
Aug-22 |
% Chg |
|
|
U.S. Equity Options Industry |
40,396,683 |
36,743,671 |
9.9 % |
40,195,999 |
0.5 % |
40,700,732 |
37,639,553 |
8.1 % |
|
|
MIAX Exchange Group |
5,999,241 |
4,699,129 |
27.7 % |
6,264,384 |
-4.2 % |
6,545,709 |
5,172,563 |
26.5 % |
|
|
MIAX Options |
2,398,312 |
2,042,284 |
17.4 % |
2,557,196 |
-6.2 % |
2,619,171 |
2,159,384 |
21.3 % |
|
|
MIAX Pearl |
2,528,417 |
1,552,035 |
62.9 % |
2,532,195 |
-0.1 % |
2,702,479 |
1,712,795 |
57.8 % |
|
|
MIAX Emerald |
1,072,512 |
1,104,811 |
-2.9 % |
1,174,993 |
-8.7 % |
1,224,058 |
1,300,384 |
-5.9 % |
|
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options Market |
Aug-23 |
Aug-22 |
% Chg |
Jul-23 |
% Chg |
Aug-23 |
Aug-22 |
% Chg |
|
|
MIAX Exchange Group |
14.85 % |
12.79 % |
16.1 % |
15.58 % |
-4.7 % |
16.08 % |
13.74 % |
17.0 % |
|
|
MIAX Options |
5.94 % |
5.56 % |
6.8 % |
6.36 % |
-6.7 % |
6.44 % |
5.74 % |
12.2 % |
|
|
MIAX Pearl |
6.26 % |
4.22 % |
48.2 % |
6.30 % |
-0.6 % |
6.64 % |
4.55 % |
45.9 % |
|
|
MIAX Emerald |
2.65 % |
3.01 % |
-11.7 % |
2.92 % |
-9.2 % |
3.01 % |
3.45 % |
-12.9 % |
|
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Aug-23 |
Aug-22 |
% Chg |
Jul-23 |
% Chg |
Aug-23 |
Aug-22 |
% Chg |
|
Trading Days |
23 |
23 |
20 |
167 |
167 |
|||
|
U.S. Equities Industry |
242,103 |
243,296 |
-0.5 % |
208,905 |
15.9 % |
1,847,930 |
2,036,953 |
-9.3 % |
|
MIAX Pearl Volume |
4,216 |
2,396 |
75.9 % |
3,583 |
17.7 % |
28,646 |
19,624 |
46.0 % |
|
MIAX Pearl ADV |
183 |
104 |
75.9 % |
179 |
2.3 % |
172 |
118 |
46.0 % |
|
MIAX Pearl Market Share |
1.74 % |
0.98 % |
76.8 % |
1.72 % |
1.5 % |
1.55 % |
0.96 % |
60.9 % |
|
Futures & Options Trading Volume for MGEX, Current Month |
Year-to-Date Comparison |
|||||||
|
Futures & Options Contracts |
Aug-23 |
Aug-22 |
% Chg |
Jul-23 |
% Chg |
Aug-23 |
Aug-22 |
% Chg |
|
Trading Days |
23 |
23 |
20 |
167 |
167 |
|||
|
MGEX Futures Volume |
329,483 |
376,441 |
-12.5 % |
245,080 |
34.4 % |
1,999,459 |
2,400,396 |
-16.7 % |
|
MGEX ADV |
14,325 |
16,367 |
-12.5 % |
12,254 |
16.9 % |
11,973 |
14,374 |
-16.7 % |
