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Miami International Holdings, Inc. (MIH) today reported May 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™).
May 2022 Trading Volume Highlights
- Total U.S. multi-listed options market share for the MIAX Exchange Group reached 13.8%, down 94 basis points year-over-year (YoY) and representing a 6.4% decrease. A total of 110.3 million multi-listed options contracts were executed on the MIAX Exchange Group, representing a 10.6% increase YoY and an average daily volume (ADV) of 5,250,319 contracts. Total year-to-date (YTD) volume reached a record 560.9 million contracts, an increase of 8.2% from the same period in 2021.
- MIAX Options reported record YTD volume of 230.3 million contracts, up 22.3% from the same period in 2021, with volume reaching 47.7 million contracts, an 11.2% YoY increase. MIAX Emerald reported record YTD volume of 148.7 million contracts, a 10.2% increase from the same period in 2021, with volume totaling 26.0 million contracts, a 35.1% YoY increase. MIAX Pearl reported YTD volume of 181.8 million contracts, a 6.7% decrease from the same period in 2021, with volume totaling 36.5 million contracts, a 2.7% YoY decrease.
- In U.S. equities, MIAX Pearl Equities™ reported monthly volume of 2.8 billion shares representing a 391.4% increase YoY and a market share of 1.0%. Total YTD volume reached a record 12.9 billion shares, a 418.2% increase from the same period in 2021.
- MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reported trading volume of 263,158 contracts, a 0.8% increase YoY. Total YTD volume reached a record 1,439,543 contracts, an increase of 5.0% from the same period in 2021.
- SPIKES® Futures volume totaled 41,289 contracts, a 16.7% decrease from the 49,593 contract total in April 2022 and representing an ADV of 1,966 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 Contracts |
May-22 |
May-21 |
% Chg |
Apr-22 |
% Chg |
May-22 |
May-21 |
% Chg |
|
|
Trading Days |
21 |
20 |
20 |
103 |
102 |
||||
|
U.S. Equity Options Industry |
800,674,708 |
677,836,592 |
18.1% |
731,405,971 |
9.5% |
4,013,737,500 |
3,795,275,392 |
5.8% |
|
|
MIAX Exchange Group |
110,256,695 |
99,698,170 |
10.6% |
102,971,031 |
7.1% |
560,854,464 |
518,330,920 |
8.2% |
|
|
MIAX Options |
47,678,592 |
42,859,476 |
11.2% |
41,389,318 |
15.2% |
230,340,929 |
188,409,968 |
22.3% |
|
|
MIAX Pearl |
36,530,553 |
37,559,901 |
-2.7% |
33,550,979 |
8.9% |
181,841,635 |
194,952,431 |
-6.7% |
|
|
MIAX Emerald |
26,047,550 |
19,278,793 |
35.1% |
28,030,734 |
-7.1% |
148,671,900 |
134,968,521 |
10.2% |
|
|
Multi-Listed Options ADV |
May-22 |
May-21 |
% Chg |
Apr-22 |
% Chg |
May-22 |
May-21 |
% Chg |
|
|
U.S. Equity Options Industry |
38,127,367 |
33,891,830 |
12.5% |
36,570,299 |
4.3% |
38,968,325 |
37,208,582 |
4.7% |
|
|
MIAX Exchange Group |
5,250,319 |
4,984,909 |
5.3% |
5,148,552 |
2.0% |
5,445,189 |
5,081,676 |
7.2% |
|
|
MIAX Options |
2,270,409 |
2,142,974 |
5.9% |
2,069,466 |
9.7% |
2,236,320 |
1,847,157 |
21.1% |
|
|
MIAX Pearl |
1,739,550 |
1,877,995 |
-7.4% |
1,677,549 |
3.7% |
1,765,453 |
1,911,298 |
-7.6% |
|
|
MIAX Emerald |
1,240,360 |
963,940 |
28.7% |
1,401,537 |
-11.5% |
1,443,417 |
1,323,221 |
9.1% |
|
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options Market Share |
May-22 |
May-21 |
% Chg |
Apr-22 |
% Chg |
May-22 |
May-21 |
% Chg |
|
|
MIAX Exchange Group |
13.77% |
14.71% |
-6.4% |
14.08% |
-2.2% |
13.97% |
13.66% |
2.3% |
|
|
MIAX Options |
5.95% |
6.32% |
-5.8% |
5.66% |
5.2% |
5.74% |
4.96% |
15.6% |
|
|
MIAX Pearl |
4.56% |
5.54% |
-17.7% |
4.59% |
-0.5% |
4.53% |
5.14% |
-11.8% |
|
|
MIAX Emerald |
3.25% |
2.84% |
14.4% |
3.83% |
-15.1% |
3.70% |
3.56% |
4.2% |
|
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
||||||||
|
Equities Shares (millions) |
May-22 |
May-21 |
% Chg |
Apr-22 |
% Chg |
May-22 |
May-21 |
% Chg |
|
|
Trading Days |
21 |
20 |
20 |
103 |
102 |
||||
|
U.S. Equities Industry |
277,389 |
210,552 |
31.7% |
234,961 |
18.1% |
1,310,930 |
1,312,151 |
-0.1% |
|
|
Miax Pearl Volume |
2,778 |
565 |
391.4% |
2,539 |
9.4% |
12,893 |
2,488 |
418.2% |
|
|
MIAX Pearl ADV |
132 |
28 |
368.0% |
127 |
4.2% |
125 |
24 |
413.1% |
|
|
MIAX Pearl Market Share |
1.00% |
0.27% |
273.0% |
1.08% |
-7.3% |
0.98% |
0.19% |
418.6% |
|
|
Futures & Options Trading Volume for MGEX, Current Month |
Year-to-Date Comparison |
||||||||
|
Futures & Options Contracts |
May-22 |
May-21 |
% Chg |
Apr-22 |
% Chg |
May-22 |
May-21 |
% Chg |
|
|
Trading Days |
21 |
20 |
20 |
103 |
102 |
||||
|
MGEX Futures Volume |
263,158 |
261,078 |
0.8% |
245,294 |
7.3% |
1,439,543 |
1,371,447 |
5.0% |
|
|
MGEX ADV |
12,531 |
13,054 |
-4.0% |
12,265 |
2.2% |
13,976 |
13,446 |
3.9% |
|
