.jpg)
Miami International Holdings, Inc. today reported November 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™).
November 2022 Trading Volume Highlights
- Total U.S. multi-listed options market share for the MIAX Exchange Group reached 13.55%, representing a 2.4% year-over-year (YoY) decrease. A total of 115.1 million multi-listed options contracts were executed on the MIAX Exchange Group, representing a 7.7% decrease YoY and an average daily volume (ADV) of 5.5 million contracts. Total year-to-date (YTD) volume reached 1.2 billion contracts, a decrease of 3.4% from the same period in 2021.
- MIAX Options reported record YTD volume of 501.2 million contracts, up 4.5% from the same period in 2021, with volume reaching 51.2 million contracts in November 2022, a 1.5% YoY increase. Additionally, MIAX Options reported a single day volume record of 3.9 million contracts on November 11, 2022. MIAX Emerald reported YTD volume of 289.9 million contracts, a 17.2% decrease from the same period in 2021, with volume totaling 26.3 million contracts in November 2022, a 34.0% YoY decrease. MIAX Pearl reported YTD volume of 392.4 million contracts, a 0.8% decrease from the same period in 2021, with volume totaling 37.6 million contracts in November 2022, a 9.4% YoY increase.
- In U.S. equities, MIAX Pearl Equities™ reported volume of 2.4 billion shares in November 2022, representing a 49.2% increase YoY and a monthly market share of 1.02%. Total YTD volume reached a record 27.4 billion shares, a 200.3% increase from the same period in 2021.
- In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reported trading volume of 235,460 contracts in November 2022, a 44.0% decrease YoY. Total YTD volume reached 3.1 million contracts, a decrease of 14.5% from the same period in 2021.
- SPIKES® Futures YTD volume reached a record 752,135 contracts, an 11.4% increase YoY. SPIKES Futures volume totaled 34,092 contracts in November 2022, representing a 75.1% decrease YoY and an average daily volume of 1,623 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 |
Nov-22 |
Nov-21 |
% Chg |
Oct-22 |
% Chg |
Nov-22 |
Nov-21 |
% Chg |
|
|
Trading Days |
21 |
21 |
21 |
230 |
230 |
||||
|
U.S. Equity Options Industry |
849,328,703 |
898,166,403 |
-5.4 % |
829,648,516 |
2.4 % |
8,801,910,138 |
8,572,267,870 |
2.7 % |
|
|
MIAX Exchange Group |
115,108,818 |
124,657,770 |
-7.7 % |
107,262,817 |
7.3 % |
1,183,525,471 |
1,225,107,555 |
-3.4 % |
|
|
MIAX Options |
51,219,220 |
50,452,313 |
1.5 % |
46,440,650 |
10.3 % |
501,205,712 |
479,737,515 |
4.5 % |
|
|
MIAX Pearl |
37,617,916 |
34,378,589 |
9.4 % |
35,849,633 |
4.9 % |
392,385,775 |
395,367,282 |
-0.8 % |
|
|
MIAX Emerald |
26,271,682 |
39,826,868 |
-34.0 % |
24,972,534 |
5.2 % |
289,933,984 |
350,002,758 |
-17.2 % |
|
|
Multi-Listed Options ADV |
Nov-22 |
Nov-21 |
% Chg |
Oct-22 |
% Chg |
Nov-22 |
Nov-21 |
% Chg |
|
|
U.S. Equity Options Industry |
40,444,224 |
42,769,829 |
-5.4 % |
39,507,072 |
2.4 % |
38,269,175 |
37,270,730 |
2.7 % |
|
|
MIAX Exchange Group |
5,481,372 |
5,936,084 |
-7.7 % |
5,107,753 |
7.3 % |
5,145,763 |
5,326,555 |
-3.4 % |
|
|
MIAX Options |
2,439,010 |
2,402,491 |
1.5 % |
2,211,460 |
10.3 % |
2,179,155 |
2,085,815 |
4.5 % |
|
|
MIAX Pearl |
1,791,329 |
1,637,076 |
9.4 % |
1,707,125 |
4.9 % |
1,706,025 |
1,718,988 |
-0.8 % |
|
|
MIAX Emerald |
1,251,032 |
1,896,518 |
-34.0 % |
1,189,168 |
5.2 % |
1,260,583 |
1,521,751 |
-17.2 % |
|
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options Market Share |
Nov-22 |
Nov-21 |
% Chg |
Oct-22 |
% Chg |
Nov-22 |
Nov-21 |
% Chg |
|
|
MIAX Exchange Group |
13.55 % |
13.88 % |
-2.4 % |
12.93 % |
4.8 % |
13.45 % |
14.29 % |
-5.9 % |
|
|
MIAX Options |
6.03 % |
5.62 % |
7.4 % |
5.60 % |
7.7 % |
5.69 % |
5.60 % |
1.7 % |
|
|
MIAX Pearl |
4.43 % |
3.83 % |
15.7 % |
4.32 % |
2.5 % |
4.46 % |
4.61 % |
-3.3 % |
|
|
MIAX Emerald |
3.09 % |
4.43 % |
-30.2 % |
3.01 % |
2.8 % |
3.29 % |
4.08 % |
-19.3 % |
|
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Nov-22 |
Nov-21 |
% Chg |
Oct-22 |
% Chg |
Nov-22 |
Nov-21 |
% Chg |
|
Trading Days |
21 |
21 |
21 |
230 |
230 |
|||
|
U.S. Equities Industry |
236,072 |
233,151 |
1.3 % |
241,264 |
-2.2 % |
2,753,705 |
2,632,915 |
4.6 % |
|
MIAX Pearl Volume |
2,403 |
1,610 |
49.2 % |
2,595 |
-7.4 % |
27,406 |
9,126 |
200.3 % |
|
MIAX Pearl ADV |
114 |
77 |
49.2 % |
124 |
-7.4 % |
119 |
40 |
200.3 % |
|
MIAX Pearl Market Share |
1.02 % |
0.69 % |
47.4 % |
1.08 % |
-5.4 % |
1.00 % |
0.35 % |
187.1 % |
|
Futures & Options Trading Volume for MGEX, Current Month |
Year-to-Date Comparison |
|||||||
|
Futures & Options Contracts |
Nov-22 |
Nov-21 |
% Chg |
Oct-22 |
% Chg |
Nov-22 |
Nov-21 |
% Chg |
|
Trading Days |
21 |
21 |
21 |
230 |
230 |
|||
|
MGEX Futures Volume |
235,460 |
420,826 |
-44.0 % |
184,807 |
27.4 % |
3,126,961 |
3,657,950 |
-14.5 % |
|
MGEX ADV |
11,212 |
20,039 |
-44.0 % |
8,800 |
27.4 % |
13,595 |
15,904 |
-14.5 % |
