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Miami International Holdings, Inc. today reported November 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™).
November 2023 and Year-to-Date Trading Volume and Market Share Highlights
- Total multi-listed monthly options volume for the MIAX Exchange Group reached 120.8 million contracts, a 5.0% increase year-over-year (YoY) and representing a monthly market share of 14.75%, an 8.8% increase YoY. Total year-to-date (YTD) volume reached a record 1.5 billion contracts, a 23.3% increase from the same period in 2022.
- MIAX Options reached a monthly volume of 48.4 million contracts, a 5.4% decrease YoY and representing a monthly market share of 5.91%, a 2.0% decrease YoY. MIAX Options reached a record YTD volume of 582.6 million contracts, up 16.2% from the same period in 2022.
- MIAX Pearl Options reached a monthly volume of 48.2 million contracts, a 28.1% increase YoY and representing a monthly market share of 5.88%, a 32.8% increase YoY. MIAX Pearl Options reached a record YTD volume of 600.8 million contracts, up 53.1% from the same period in 2022.
- In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 4.6 billion shares, a 77.6% increase YoY and representing a monthly market share of 2.08%, an 89.0% increase YoY. MIAX Pearl Equities reached a record YTD volume of 42.5 billion shares, up 55.2% from the same period in 2022.
- In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reached a monthly volume of 328,252 contracts, a 39.4% increase YoY and a 37.7% increase from October 2023.
Additional MIAX Exchange Group and MGEX trading volume and market share information are included in the tables below.
|
Multi-Listed Options Trading Volume for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options |
Nov-23 |
Nov-22 |
% Chg |
Oct-23 |
% Chg |
Nov-23 |
Nov-22 |
% Chg |
|
|
Trading Days |
21 |
21 |
22 |
230 |
230 |
||||
|
U.S. Equity Options Industry |
819,353,114 |
849,328,703 |
-3.5 % |
881,187,563 |
-7.0 % |
9,260,697,779 |
8,801,910,138 |
5.2 % |
|
|
MIAX Exchange Group |
120,847,771 |
115,108,818 |
5.0 % |
128,285,624 |
-5.8 % |
1,458,725,010 |
1,183,525,471 |
23.3 % |
|
|
MIAX Options |
48,435,412 |
51,219,220 |
-5.4 % |
50,250,770 |
-3.6 % |
582,625,524 |
501,205,712 |
16.2 % |
|
|
MIAX Pearl |
48,184,598 |
37,617,916 |
28.1 % |
53,356,464 |
-9.7 % |
600,756,195 |
392,385,775 |
53.1 % |
|
|
MIAX Emerald |
24,227,761 |
26,271,682 |
-7.8 % |
24,678,390 |
-1.8 % |
275,343,291 |
289,933,984 |
-5.0 % |
|
|
Multi-Listed Options ADV |
Nov-23 |
Nov-22 |
% Chg |
Oct-23 |
% Chg |
Nov-23 |
Nov-22 |
% Chg |
|
|
U.S. Equity Options Industry |
39,016,815 |
40,444,224 |
-3.5 % |
40,053,980 |
-2.6 % |
40,263,903 |
38,269,175 |
5.2 % |
|
|
MIAX Exchange Group |
5,754,656 |
5,481,372 |
5.0 % |
5,831,165 |
-1.3 % |
6,342,283 |
5,145,763 |
23.3 % |
|
|
MIAX Options |
2,306,448 |
2,439,010 |
-5.4 % |
2,284,126 |
1.0 % |
2,533,154 |
2,179,155 |
16.2 % |
|
|
MIAX Pearl |
2,294,505 |
1,791,329 |
28.1 % |
2,425,294 |
-5.4 % |
2,611,983 |
1,706,025 |
53.1 % |
|
|
MIAX Emerald |
1,153,703 |
1,251,032 |
-7.8 % |
1,121,745 |
2.8 % |
1,197,145 |
1,260,583 |
-5.0 % |
|
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options Market Share |
Nov-23 |
Nov-22 |
% Chg |
Oct-23 |
% Chg |
Nov-23 |
Nov-22 |
% Chg |
|
|
MIAX Exchange Group |
14.75 % |
13.55 % |
8.8 % |
14.56 % |
1.3 % |
15.75 % |
13.45 % |
17.1 % |
|
|
MIAX Options |
5.91 % |
6.03 % |
-2.0 % |
5.70 % |
3.7 % |
6.29 % |
5.69 % |
10.5 % |
|
|
MIAX Pearl |
5.88 % |
4.43 % |
32.8 % |
6.06 % |
-2.9 % |
6.49 % |
4.46 % |
45.5 % |
|
|
MIAX Emerald |
2.96 % |
3.09 % |
-4.4 % |
2.80 % |
5.6 % |
2.97 % |
3.29 % |
-9.7 % |
|
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Nov-23 |
Nov-22 |
% Chg |
Oct-23 |
% Chg |
Nov-23 |
Nov-22 |
% Chg |
|
Trading Days |
21 |
21 |
22 |
230 |
230 |
|||
|
U.S. Equities Industry |
221,781 |
236,072 |
-6.1 % |
234,073 |
-5.3 % |
2,510,615 |
2,753,705 |
-8.8 % |
|
MIAX Pearl Volume |
4,609 |
2,595 |
77.6 % |
5,562 |
-17.1 % |
42,548 |
27,406 |
55.2 % |
|
MIAX Pearl ADV |
219 |
124 |
77.6 % |
253 |
-13.2 % |
185 |
119 |
55.2 % |
|
MIAX Pearl Market Share |
2.08 % |
1.10 % |
89.0 % |
2.38 % |
-12.5 % |
1.69 % |
1.00 % |
70.3 % |
|
Futures & Options Trading Volume and Open Interest for MGEX, Current Month |
Year-to-Date Comparison |
|||||||||
|
Futures Contracts |
Nov-23 |
Nov-22 |
% Chg |
Oct-23 |
% Chg |
Nov-23 |
Nov-22 |
% Chg |
||
|
Trading Days |
21 |
21 |
22 |
230 |
230 |
|||||
|
MGEX Total |
328,252 |
235,460 |
39.4 % |
238,404 |
37.7 % |
2,758,179 |
3,130,896 |
-11.9 % |
||
|
Hard Red Spring Wheat – Futures |
319,559 |
197,433 |
61.8 % |
221,592 |
44.2 % |
2,451,456 |
2,313,580 |
6.0 % |
||
|
Hard Red Spring Wheat – Options |
5,704 |
3,935 |
45.5 % |
3,560 |
60.2 % |
71,392 |
65,181 |
9.5 % |
||
|
SPIKES Volatility Index – Futures |
2,989 |
34,092 |
-91.3 % |
13,252 |
-77.4 % |
235,331 |
752,135 |
-68.7 % |
||
|
Average Daily Volume |
Nov-23 |
Nov-22 |
% Chg |
Oct-23 |
% Chg |
Nov-23 |
Nov-22 |
% Chg |
||
|
MGEX Total |
15,631 |
11,212 |
39.4 % |
10,837 |
44.2 % |
11,992 |
13,613 |
-11.9 % |
||
|
Hard Red Spring Wheat – Futures |
15,217 |
9,402 |
61.8 % |
10,072 |
51.1 % |
10,659 |
10,059 |
6.0 % |
||
|
Hard Red Spring Wheat – Options |
272 |
187 |
45.5 % |
162 |
67.9 % |
310 |
283 |
9.5 % |
||
|
SPIKES Volatility Index – Futures |
142 |
1,623 |
-91.3 % |
602 |
-76.4 % |
1,023 |
3,270 |
-68.7 % |
||
|
Open Interest |
Nov-23 |
Nov-22 |
% Chg |
Oct-23 |
% Chg |
|||||
|
MGEX Total |
68,716 |
47,695 |
44.1 % |
88,132 |
-22.0 % |
|||||
|
Hard Red Spring Wheat – Futures |
62,620 |
43,648 |
43.5 % |
78,416 |
-20.1 % |
|||||
|
Hard Red Spring Wheat – Options |
5,988 |
3,591 |
66.8 % |
9,186 |
-34.8 % |
|||||
|
SPIKES Volatility Index – Futures |
108 |
456 |
-76.3 % |
530 |
-79.6 % |
|||||
