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Miami International Holdings, Inc. today reported February 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™).
Total U.S. multi-listed options market share for the MIAX Exchange Group reached 14.2% in February 2022, 85 basis points higher than the 13.4% market share in February 2021 and representing a 6.3% increase. The MIAX Exchange Group collectively executed 107.5 million multi-listed options contracts in February 2022, a 2.3% increase from February 2021 and representing an average daily volume (ADV) of 5,656,375 contracts.
In U.S. equities, MIAX Pearl Equities™ reported total volume of 2.1 billion shares in February 2022, a decline of 13.2% from January 2022 and representing a market share of 0.92%.
MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reported record February 2022 trading volume of 311,768 contracts, a 7.6% increase from February 2021 and representing the highest volume total for February in MGEX history. Total year-to-date volume reached a record 588,919 contracts, an increase of 11.4% from the same period in 2021.
SPIKES® Futures volume totaled 57,738 contracts in February 2022, a 30.2% decline from the 82,713 contract total in January 2022 and representing an ADV of 3,039 contracts.
Additional MIAX Exchange Group volume details are included in the following tables.
|
Multi-Listed Options Trading Volume for |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options |
Feb-22 |
Feb-21 |
% Chg |
Jan-22 |
% Chg |
Feb-22 |
Feb-21 |
% Chg |
|
|
Trading Days |
19 |
19 |
20 |
39 |
38 |
||||
|
U.S. Equity Options Industry |
756,120,415 |
786,095,745 |
-3.8% |
839,823,182 |
-10.0% |
1,595,943,597 |
1,586,325,096 |
0.6% |
|
|
MIAX Exchange Group |
107,471,124 |
105,083,886 |
2.3% |
118,368,943 |
-9.2% |
225,840,067 |
206,329,988 |
9.5% |
|
|
MIAX Options |
43,340,551 |
33,180,331 |
30.6% |
48,682,067 |
-11.0% |
92,022,618 |
68,133,767 |
35.1% |
|
|
MIAX Pearl |
36,562,507 |
39,577,948 |
-7.6% |
37,171,907 |
-1.6% |
73,734,414 |
69,476,662 |
6.1% |
|
|
MIAX Emerald |
27,568,066 |
32,325,607 |
-14.7% |
32,514,969 |
-15.2% |
60,083,035 |
68,719,559 |
-12.6% |
|
|
Multi-Listed Options ADV |
Feb-22 |
Feb-21 |
% Chg |
Jan-22 |
% Chg |
Feb-22 |
Feb-21 |
% Chg |
|
|
U.S. Multi-Listed Options |
39,795,811 |
41,373,460 |
-3.8% |
41,991,159 |
-5.2% |
40,921,631 |
41,745,397 |
-2.0% |
|
|
MIAX Exchange Group |
5,656,375 |
5,530,731 |
2.3% |
5,918,447 |
-4.4% |
5,790,771 |
5,429,737 |
6.6% |
|
|
MIAX |
2,281,082 |
1,746,333 |
30.6% |
2,434,103 |
-6.3% |
2,359,554 |
1,792,994 |
31.6% |
|
|
MIAX Pearl |
1,924,342 |
2,083,050 |
-7.6% |
1,858,595 |
3.5% |
1,890,626 |
1,828,333 |
3.4% |
|
|
MIAX Emerald |
1,450,951 |
1,701,348 |
-14.7% |
1,625,748 |
-10.8% |
1,540,591 |
1,808,409 |
-14.8% |
|
|
Multi-Listed Options Market Share for |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options Market |
Feb-22 |
Feb-21 |
% Chg |
Jan-22 |
% Chg |
Feb-22 |
Feb-21 |
% Chg |
|
|
MIAX Exchange Group |
14.21% |
13.37% |
6.3% |
14.09% |
0.8% |
14.15% |
13.01% |
8.8% |
|
|
MIAX |
5.73% |
4.22% |
35.8% |
5.80% |
-1.1% |
5.77% |
4.30% |
34.2% |
|
|
MIAX Pearl |
4.84% |
5.03% |
-4.0% |
4.43% |
9.2% |
4.62% |
4.38% |
5.5% |
|
|
MIAX Emerald |
3.65% |
4.11% |
-11.3% |
3.87% |
-5.8% |
3.76% |
4.33% |
-13.1% |
|
|
Equities Trading Volume for |
Year-to-Date Comparison |
||||||||
|
Equities Shares (millions) |
Feb-22 |
Feb-21 |
% Chg |
Jan-22 |
% Chg |
Feb-22 |
Feb-21 |
% Chg |
|
|
Trading Days |
19 |
19 |
20 |
39 |
38 |
||||
|
U.S. Equities Volume – Industry |
231,071 |
290,490 |
-20.5% |
247,422 |
-6.6% |
478,493 |
586,494 |
-18.4% |
|
|
MIAX Pearl Volume |
2,116 |
477 |
343.4% |
2,438 |
-13.2% |
4,554 |
983 |
363.1% |
|
|
MIAX Pearl ADV |
111 |
25 |
343.4% |
122 |
-8.6% |
117 |
26 |
351.2% |
|
|
MIAX Pearl Market Share |
0.92% |
0.16% |
457.4% |
0.99% |
-7.1% |
0.95% |
0.17% |
467.6% |
|
|
Futures & Options Trading Volume for |
Year-to-Date Comparison |
||||||||
|
Futures & Options Contracts |
Feb-22 |
Feb-21 |
% Chg |
Jan-22 |
% Chg |
Feb-22 |
Feb-21 |
% Chg |
|
|
Trading Days |
19 |
19 |
20 |
39 |
38 |
||||
|
MGEX Volume |
311,768 |
289,812 |
7.6% |
277,151 |
12.5% |
588,919 |
528,545 |
11.4% |
|
|
MGEX ADV |
16,409 |
15,253 |
7.6% |
13,858 |
18.4% |
15,100 |
13,909 |
8.6% |
|
