Miami International Holdings, Inc. (MIH) today reported March 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 year-to-date volume for all MIH exchanges reached record levels in the first quarter of 2022.
March 2022 Trading Volume Highlights
- Total U.S. multi-listed options market share for the MIAX Exchange Group reached 13.8%, up 10 basis points year-over-year (YoY) and representing a 0.8% increase. The MIAX Exchange Group collectively executed 121.8 million multi-listed options contracts during the month, representing a 4.2% increase YoY and an average daily volume (ADV) of 5,295,073 contracts. Total year-to-date volume reached a record 347,626,738 contracts, an increase of 7.5% from the same period in 2021.
- In U.S. equities, MIAX Pearl Equities™ reported a record monthly volume of 3.0 billion shares in March 2022, representing a 520.5% increase YoY and a market share of 0.94%. Total year-to-date volume reached a record 7.6 billion contracts, an increase of 415.2% from the same period in 2021.
- MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reported record trading volume of 342,172 contracts, a 31.8% increase YoY and the highest volume total for March in MGEX history. Total year-to-date volume reached a record 931,091 contracts, an increase of 18.1% from the same period in 2021.
- SPIKES® Futures volume totaled 40,827 contracts in March 2022, a 29.3% decline from the 57,738 contract total in February 2022 and representing an ADV of 1,775 contracts.
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 |
Mar-22 |
Mar-21 |
% Chg |
Feb-22 |
% Chg |
Mar-22 |
Mar-21 |
% Chg |
|
Trading Days |
23 |
23 |
19 |
62 |
61 |
|||
|
U.S. Equity Options Industry |
885,713,224 |
856,908,768 |
3.4% |
756,120,415 |
17.1% |
2,481,656,821 |
2,443,233,864 |
1.6% |
|
MIAX Exchange Group |
121,786,671 |
116,927,971 |
4.2% |
107,471,124 |
13.3% |
347,626,738 |
323,257,959 |
7.5% |
|
MIAX Options |
49,250,401 |
37,494,076 |
31.4% |
43,340,551 |
13.6% |
141,273,019 |
105,627,843 |
33.7% |
|
MIAX Pearl |
38,025,689 |
52,194,814 |
-27.1% |
36,562,507 |
4.0% |
111,760,103 |
121,671,476 |
-8.1% |
|
MIAX Emerald |
34,510,581 |
27,239,081 |
26.7% |
27,568,066 |
25.2% |
94,593,616 |
95,958,640 |
-1.4% |
|
Multi-Listed Options ADV |
Mar-22 |
Mar-21 |
% Chg |
Feb-22 |
% Chg |
Mar-22 |
Mar-21 |
% Chg |
|
U.S. Multi-Listed Options Industry |
38,509,271 |
37,256,903 |
3.4% |
39,795,811 |
-3.2% |
40,026,723 |
40,053,014 |
-0.1% |
|
MIAX Exchange Group |
5,295,073 |
5,083,825 |
4.2% |
5,656,375 |
-6.4% |
5,606,883 |
5,299,311 |
5.8% |
|
MIAX Options |
2,141,322 |
1,630,177 |
31.4% |
2,281,082 |
-6.1% |
2,278,597 |
1,731,604 |
31.6% |
|
MIAX Pearl |
1,653,291 |
2,269,340 |
-27.1% |
1,924,342 |
-14.1% |
1,802,582 |
1,994,614 |
-9.6% |
|
MIAX Emerald |
1,500,460 |
1,184,308 |
26.7% |
1,450,951 |
3.4% |
1,525,703 |
1,573,092 |
-3.0% |
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Multi-Listed Options Market |
Mar-22 |
Mar-21 |
% Chg |
Feb-22 |
% Chg |
Mar-22 |
Mar-21 |
% Chg |
|
MIAX Exchange Group |
13.75% |
13.65% |
0.8% |
14.21% |
-3.3% |
14.01% |
13.23% |
5.9% |
|
MIAX Options |
5.56% |
4.38% |
27.1% |
5.73% |
-3.0% |
5.69% |
4.32% |
31.7% |
|
MIAX Pearl |
4.29% |
6.09% |
-29.5% |
4.84% |
-11.2% |
4.50% |
4.98% |
-9.6% |
|
MIAX Emerald |
3.90% |
3.18% |
22.6% |
3.65% |
6.9% |
3.81% |
3.93% |
-2.9% |
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Mar-22 |
Mar-21 |
% Chg |
Feb-22 |
% Chg |
Mar-22 |
Mar-21 |
% Chg |
|
Trading Days |
23 |
23 |
19 |
62 |
61 |
|||
|
U.S. Equities Volume – Industry |
320,088 |
307,151 |
4.2% |
231,071 |
38.5% |
798,580 |
893,645 |
-10.6% |
|
MIAX Pearl Volume |
3,021 |
487 |
520.5% |
2,116 |
42.7% |
7,575 |
1,470 |
415.2% |
|
MIAX Pearl ADV |
131 |
21 |
520.5% |
111 |
17.9% |
122 |
24 |
406.9% |
|
MIAX Pearl Market Share |
0.94% |
0.16% |
495.4% |
0.92% |
3.0% |
0.95% |
0.16% |
476.5% |
|
Futures & Options Trading Volume for MGEX, Current Month |
Year-to-Date Comparison |
|||||||
|
Futures & Options Contracts |
Mar-22 |
Mar-21 |
% Chg |
Feb-22 |
% Chg |
Mar-22 |
Mar-21 |
% Chg |
|
Trading Days |
23 |
23 |
19 |
62 |
61 |
|||
|
MGEX Volume |
342,172 |
259,617 |
31.8% |
311,768 |
9.8% |
931,091 |
788,162 |
18.1% |
|
MGEX ADV |
14,877 |
11,288 |
31.8% |
16,409 |
-9.3% |
15,018 |
12,921 |
16.2% |
