Miami International Holdings, Inc. today reported June 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™).
June 2023 and Year-to-Date Trading Volume Highlights
- Total multi-listed monthly options volume for the MIAX Exchange Group reached 142.1 million contracts, a 39.5% increase year-over-year (YoY) and representing a monthly market share of 16.24%, an 18.2% increase YoY. Total year-to-date (YTD) volume reached a record 829.9 million contracts, a 25.2% increase YoY.
- MIAX Options reached a monthly volume of 57.2 million contracts, a 33.3% increase YoY and representing a monthly market share of 6.53%, a 13.0% increase YoY. MIAX Options reported record YTD volume of 331.1 million contracts, up 21.2% from the same period in 2022.
- MIAX Pearl Options reached a monthly volume of 59.1 million contracts, a 61.4% increase YoY and representing a monthly market share of 6.75%, a 36.7% increase YoY. MIAX Pearl Options reported record YTD volume of 342.5 million contracts, up 56.8% from the same period in 2022.
- MIAX Emerald monthly volume totaled 25.9 million contracts, a 15.4% increase YoY and representing a monthly market share of 2.96%, a 2.2% decrease YoY.
- In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 4.4 billion shares, an 85.2% increase YoY and representing a record monthly market share of 1.86%, a 110.1% increase YoY. MIAX Pearl Equities also set a daily market share record of 2.08% on June 2, 2023 and reached a record volume of 20.8 billion shares YTD, a 36.6% increase YoY.
- In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reported volume of 271,495 contracts, a 21.9% decrease YoY and a 7.9% increase from May 2023.
- SPIKES® Futures volume totaled 17,193 contracts, representing a 72.9% decrease YoY and an average daily volume of 819 contracts.
|
Multi-Listed Options Trading Volume for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||||
|
Multi-Listed Options Contracts |
Jun-23 |
Jun-22 |
% Chg |
May-23 |
% Chg |
Jun-23 |
Jun-22 |
% Chg |
||
|
Trading Days |
21 |
21 |
22 |
124 |
124 |
|||||
|
U.S. Equity Options Industry |
875,309,560 |
741,603,725 |
18.0 % |
864,289,702 |
1.3 % |
5,063,978,540 |
4,755,341,225 |
6.5 % |
||
|
MIAX Exchange Group |
142,120,689 |
101,901,906 |
39.5 % |
140,868,015 |
0.9 % |
829,863,120 |
662,756,370 |
25.2 % |
||
|
MIAX Options |
57,183,100 |
42,892,899 |
33.3 % |
55,976,399 |
2.2 % |
331,096,501 |
273,233,828 |
21.2 % |
||
|
MIAX Pearl |
59,058,771 |
36,593,211 |
61.4 % |
58,677,926 |
0.6 % |
342,516,530 |
218,434,846 |
56.8 % |
||
|
MIAX Emerald |
25,878,818 |
22,415,796 |
15.4 % |
26,213,690 |
-1.3 % |
156,250,089 |
171,087,696 |
-8.7 % |
||
|
Multi-Listed Options ADV |
Jun-23 |
Jun-22 |
% Chg |
May-23 |
% Chg |
Jun-23 |
Jun-22 |
% Chg |
||
|
U.S. Equity Options Industry |
41,681,408 |
35,314,463 |
18.0 % |
39,285,896 |
6.1 % |
40,838,537 |
38,349,526 |
6.5 % |
||
|
MIAX Exchange Group |
6,767,652 |
4,852,472 |
39.5 % |
6,403,092 |
5.7 % |
6,692,445 |
5,344,809 |
25.2 % |
||
|
MIAX Options |
2,723,005 |
2,042,519 |
33.3 % |
2,544,382 |
7.0 % |
2,670,133 |
2,203,499 |
21.2 % |
||
|
MIAX Pearl |
2,812,322 |
1,742,534 |
61.4 % |
2,667,178 |
5.4 % |
2,762,230 |
1,761,571 |
56.8 % |
||
|
MIAX Emerald |
1,232,325 |
1,067,419 |
15.4 % |
1,191,531 |
3.4 % |
1,260,081 |
1,379,739 |
-8.7 % |
||
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||||
|
Multi-Listed Options Market Share |
Jun-23 |
Jun-22 |
% Chg |
May-23 |
% Chg |
Jun-23 |
Jun-22 |
% Chg |
||
|
MIAX Exchange Group |
16.24 % |
13.74 % |
18.2 % |
16.30 % |
-0.4 % |
16.39 % |
13.94 % |
17.6 % |
||
|
MIAX Options |
6.53 % |
5.78 % |
13.0 % |
6.48 % |
0.9 % |
6.54 % |
5.75 % |
13.8 % |
||
|
MIAX Pearl |
6.75 % |
4.93 % |
36.7 % |
6.79 % |
-0.6 % |
6.76 % |
4.59 % |
47.2 % |
||
|
MIAX Emerald |
2.96 % |
3.02 % |
-2.2 % |
3.03 % |
-2.5 % |
3.09 % |
3.60 % |
-14.2 % |
||
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||||
|
Equities Shares (millions) |
Jun-23 |
Jun-22 |
% Chg |
May-23 |
% Chg |
Jun-23 |
Jun-22 |
% Chg |
||
|
Trading Days |
21 |
21 |
22 |
124 |
124 |
|||||
|
U.S. Equities Industry |
236,192 |
267,915 |
-11.8 % |
233,966 |
1.0 % |
1,396,922 |
1,578,845 |
-11.5 % |
||
|
MIAX Pearl Volume |
4,395 |
2,373 |
85.2 % |
3,992 |
10.1 % |
20,846 |
15,266 |
36.6 % |
||
|
MIAX Pearl ADV |
209 |
113 |
85.2 % |
181 |
15.3 % |
168 |
123 |
36.6 % |
||
|
MIAX Pearl Market Share |
1.86 % |
0.89 % |
110.1 % |
1.71 % |
9.1 % |
1.49 % |
0.97 % |
54.3 % |
||
|
Futures & Options Trading Volume for MGEX, Current Month |
Year-to-Date Comparison |
|||||||||
|
Futures & Options Contracts |
Jun-23 |
Jun-22 |
% Chg |
May-23 |
% Chg |
Jun-23 |
Jun-22 |
% Chg |
||
|
Trading Days |
21 |
21 |
22 |
124 |
124 |
|||||
|
MGEX Futures Volume |
271,495 |
347,471 |
-21.9 % |
251,517 |
7.9 % |
1,424,896 |
1,787,014 |
-20.3 % |
||
|
MGEX ADV |
12,928 |
16,546 |
-21.9 % |
11,433 |
13.1 % |
11,491 |
14,411 |
-20.3 % |
||
