.jpg)
Miami International Holdings, Inc. today reported October 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™).
October 2022 Trading Volume Highlights
- Total U.S. multi-listed options market share for the MIAX Exchange Group reached 12.93%, representing a 9.7% year-over-year (YoY) decrease. A total of 107.3 million multi-listed options contracts were executed on the MIAX Exchange Group, representing a 3.6% decrease YoY and an average daily volume (ADV) of 5.1 million contracts. Total year-to-date (YTD) volume reached 1.1 billion contracts, a decrease of 2.9% from the same period in 2021.
- MIAX Options reported record YTD volume of 450.0 million contracts, up 4.8% from the same period in 2021, with volume reaching 46.4 million contracts in October 2022, a 2.8% YoY increase. MIAX Emerald reported YTD volume of 263.7 million contracts, a 15.0% decrease from the same period in 2021, with volume totaling 25.0 million contracts in October 2022, a 31.9% YoY decrease. MIAX Pearl reported YTD volume of 354.8 million contracts, a 1.7% decrease from the same period in 2021, with volume totaling 35.8 million contracts in October 2022, a 21.5% YoY increase.
- In U.S. equities, MIAX Pearl Equities™ reported volume of 2.6 billion shares in October 2022, representing an 81.6% increase YoY and a monthly market share of 1.08%. Total YTD volume reached a record 25.0 billion shares, a 232.7% 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 184,807 contracts in October 2022, a 57.7% decrease YoY. Total YTD volume reached 2.9 million contracts, a decrease of 10.6% from the same period in 2021.
- SPIKES® Futures YTD volume reached a record of 718,043 contracts in October 2022, a 33.4% increase YoY. SPIKES Futures volume totaled 44,694 contracts in October 2022, representing an 82.2% decrease YoY and an average daily volume of 2,128 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 |
Oct-22 |
Oct-21 |
% Chg |
Sep-22 |
% Chg |
Oct-22 |
Oct-21 |
% Chg |
|
|
Trading Days |
21 |
21 |
21 |
209 |
209 |
||||
|
U.S. Equity Options Industry |
829,648,516 |
777,425,367 |
6.7 % |
837,127,631 |
-0.9 % |
7,952,581,435 |
7,674,101,467 |
3.6 % |
|
|
MIAX Exchange Group |
107,262,817 |
111,294,908 |
-3.6 % |
97,335,822 |
10.2 % |
1,068,416,653 |
1,100,449,785 |
-2.9 % |
|
|
MIAX Options |
46,440,650 |
45,154,248 |
2.8 % |
42,928,688 |
8.2 % |
449,986,492 |
429,285,202 |
4.8 % |
|
|
MIAX Pearl |
35,849,633 |
29,496,984 |
21.5 % |
32,881,438 |
9.0 % |
354,767,859 |
360,988,693 |
-1.7 % |
|
|
MIAX Emerald |
24,972,534 |
36,643,676 |
-31.9 % |
21,525,696 |
16.0 % |
263,662,302 |
310,175,890 |
-15.0 % |
|
|
Multi-Listed Options ADV |
Oct-22 |
Oct-21 |
% Chg |
Sep-22 |
% Chg |
Oct-22 |
Oct-21 |
% Chg |
|
|
U.S. Equity Options Industry |
39,507,072 |
37,020,256 |
6.7 % |
39,863,221 |
-0.9 % |
38,050,629 |
36,718,189 |
3.6 % |
|
|
MIAX Exchange Group |
5,107,753 |
5,299,758 |
-3.6 % |
4,635,039 |
10.2 % |
5,112,041 |
5,265,310 |
-2.9 % |
|
|
MIAX Options |
2,211,460 |
2,150,202 |
2.8 % |
2,044,223 |
8.2 % |
2,153,045 |
2,053,996 |
4.8 % |
|
|
MIAX Pearl |
1,707,125 |
1,404,618 |
21.5 % |
1,565,783 |
9.0 % |
1,697,454 |
1,727,219 |
-1.7 % |
|
|
MIAX Emerald |
1,189,168 |
1,744,937 |
-31.9 % |
1,025,033 |
16.0 % |
1,261,542 |
1,484,095 |
-15.0 % |
|
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options Market |
Oct-22 |
Oct-21 |
% Chg |
Sep-22 |
% Chg |
Oct-22 |
Oct-21 |
% Chg |
|
|
MIAX Exchange Group |
12.93 % |
14.32 % |
-9.7 % |
11.63 % |
11.2 % |
13.43 % |
14.34 % |
-6.3 % |
|
|
MIAX Options |
5.60 % |
5.81 % |
-3.6 % |
5.13 % |
9.2 % |
5.66 % |
5.59 % |
1.2 % |
|
|
MIAX Pearl |
4.32 % |
3.79 % |
13.9 % |
3.93 % |
10.0 % |
4.46 % |
4.70 % |
-5.2 % |
|
|
MIAX Emerald |
3.01 % |
4.71 % |
-36.1 % |
2.57 % |
17.1 % |
3.32 % |
4.04 % |
-18.0 % |
|
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Oct-22 |
Oct-21 |
% Chg |
Sep-22 |
% Chg |
Oct-22 |
Oct-21 |
% Chg |
|
Trading Days |
21 |
21 |
21 |
209 |
209 |
|||
|
U.S. Equities Industry |
241,264 |
218,292 |
10.5 % |
239,417 |
0.8 % |
2,517,634 |
2,399,764 |
4.9 % |
|
Miax Pearl Volume |
2,595 |
1,429 |
81.6 % |
2,784 |
-6.8 % |
25,004 |
7,516 |
232.7 % |
|
MIAX Pearl ADV |
124 |
68 |
81.6 % |
133 |
-6.8 % |
120 |
36 |
232.7 % |
|
MIAX Pearl Market Share |
1.08 % |
0.65 % |
64.3 % |
1.16 % |
-7.5 % |
0.99 % |
0.31 % |
217.1 % |
|
Futures & Options Trading Volume for MGEX, Current Month |
Year-to-Date Comparison |
|||||||
|
Futures & Options Contracts |
Oct-22 |
Oct-21 |
% Chg |
Sep-22 |
% Chg |
Oct-22 |
Oct-21 |
% Chg |
|
Trading Days |
21 |
21 |
21 |
209 |
209 |
|||
|
MGEX Futures Volume |
184,807 |
436,943 |
-57.7 % |
310,233 |
-40.4 % |
2,895,436 |
3,237,124 |
-10.6 % |
|
MGEX ADV |
8,800 |
20,807 |
-57.7 % |
14,773 |
-40.4 % |
13,854 |
15,489 |
-10.6 % |
