Miami International Holdings, Inc. today reported October 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™).
October 2023 and Year-to-Date Trading Volume and Market Share Highlights
- Total multi-listed monthly options volume for the MIAX Exchange Group reached 128.3 million contracts, a 19.6% increase year-over-year (YoY) and representing a monthly market share of 14.56%, a 12.6% increase YoY. Total year-to-date (YTD) volume reached a record 1.3 billion contracts, a 25.2% increase YoY.
- MIAX Options reached a monthly volume of 50.3 million contracts, an 8.2% increase YoY and representing a monthly market share of 5.70%, a 1.9% increase YoY. MIAX Options reached a record YTD volume of 534.2 million contracts, up 18.7% from the same period in 2022.
- MIAX Pearl Options reached a monthly volume of 53.4 million contracts, a 48.8% increase YoY and representing a monthly market share of 6.06%, a 40.1% increase YoY. MIAX Pearl Options reached a record YTD volume of 552.6 million contracts, up 55.8% from the same period in 2022.
- In U.S. equities, MIAX Pearl Equities™ set a number of records including a monthly volume of 5.6 billion shares, a 114.3% increase YoY and representing a record monthly market share of 2.38%, a 120.9% increase YoY. MIAX Pearl Equities reached a record YTD volume of 37.9 billion shares, up 51.7% from the same period in 2022. In addition, MIAX Pearl Equities set a daily market share record of 2.77% on October 19, 2023, with a record daily volume of 333.2 million shares.
- In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reached a monthly volume of 238,404 contracts, a 29.0% increase YoY and a 24.1% increase from September 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 |
Oct-23 |
Oct-22 |
% Chg |
Sep-23 |
% Chg |
Oct-23 |
Oct-22 |
% Chg |
|
|
Trading Days |
22 |
21 |
20 |
209 |
209 |
||||
|
U.S. Equity Options Industry |
881,187,563 |
829,648,516 |
6.2 % |
763,134,859 |
15.5 % |
8,441,344,665 |
7,952,581,435 |
6.1 % |
|
|
MIAX Exchange Group |
128,285,624 |
107,262,817 |
19.6 % |
116,458,284 |
10.2 % |
1,337,877,239 |
1,068,416,653 |
25.2 % |
|
|
MIAX Options |
50,250,770 |
46,440,650 |
8.2 % |
46,537,747 |
8.0 % |
534,190,112 |
449,986,492 |
18.7 % |
|
|
MIAX Pearl |
53,356,464 |
35,849,633 |
48.8 % |
47,901,118 |
11.4 % |
552,571,597 |
354,767,859 |
55.8 % |
|
|
MIAX Emerald |
24,678,390 |
24,972,534 |
-1.2 % |
22,019,419 |
12.1 % |
251,115,530 |
263,662,302 |
-4.8 % |
|
|
Multi-Listed Options ADV |
Oct-23 |
Oct-22 |
% Chg |
Sep-23 |
% Chg |
Oct-23 |
Oct-22 |
% Chg |
|
|
U.S. Equity Options Industry |
40,053,980 |
39,507,072 |
1.4 % |
38,156,743 |
5.0 % |
40,389,209 |
38,050,629 |
6.1 % |
|
|
MIAX Exchange Group |
5,831,165 |
5,107,753 |
14.2 % |
5,822,914 |
0.1 % |
6,401,327 |
5,112,041 |
25.2 % |
|
|
MIAX Options |
2,284,126 |
2,211,460 |
3.3 % |
2,326,887 |
-1.8 % |
2,555,934 |
2,153,045 |
18.7 % |
|
|
MIAX Pearl |
2,425,294 |
1,707,125 |
42.1 % |
2,395,056 |
1.3 % |
2,643,883 |
1,697,454 |
55.8 % |
|
|
MIAX Emerald |
1,121,745 |
1,189,168 |
-5.7 % |
1,100,971 |
1.9 % |
1,201,510 |
1,261,542 |
-4.8 % |
|
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options Market |
Oct-23 |
Oct-22 |
% Chg |
Sep-23 |
% Chg |
Oct-23 |
Oct-22 |
% Chg |
|
|
MIAX Exchange Group |
14.56 % |
12.93 % |
12.6 % |
15.26 % |
-4.6 % |
15.85 % |
13.43 % |
18.0 % |
|
|
MIAX Options |
5.70 % |
5.60 % |
1.9 % |
6.10 % |
-6.5 % |
6.33 % |
5.66 % |
11.8 % |
|
|
MIAX Pearl |
6.06 % |
4.32 % |
40.1 % |
6.28 % |
-3.5 % |
6.55 % |
4.46 % |
46.7 % |
|
|
MIAX Emerald |
2.80 % |
3.01 % |
-7.0 % |
2.89 % |
-2.9 % |
2.97 % |
3.32 % |
-10.3 % |
|
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Oct-23 |
Oct-22 |
% Chg |
Sep-23 |
% Chg |
Oct-23 |
Oct-22 |
% Chg |
|
Trading Days |
22 |
21 |
20 |
209 |
209 |
|||
|
U.S. Equities Industry |
234,073 |
241,264 |
-3.0 % |
206,831 |
13.2 % |
2,288,834 |
2,517,634 |
-9.1 % |
|
MIAX Pearl Volume |
5,562 |
2,595 |
114.3 % |
3,730 |
49.1 % |
37,938 |
25,004 |
51.7 % |
|
MIAX Pearl ADV |
253 |
124 |
104.6 % |
187 |
35.6 % |
182 |
120 |
51.7 % |
|
MIAX Pearl Market Share |
2.38 % |
1.08 % |
120.9 % |
1.80 % |
31.8 % |
1.66 % |
0.99 % |
66.9 % |
|
Futures & Options Trading Volume and Open |
Year-to-Date Comparison |
|||||||
|
Futures Contracts |
Oct-23 |
Oct-22 |
% Chg |
Sep-23 |
% Chg |
Oct-23 |
Oct-22 |
% Chg |
|
Trading Days |
22 |
21 |
20 |
209 |
209 |
|||
|
MGEX Total |
238,404 |
184,807 |
29.0 % |
192,064 |
24.1 % |
2,429,927 |
2,895,436 |
-16.1 % |
|
Hard Red Spring Wheat – Futures |
221,592 |
136,879 |
61.9 % |
171,059 |
29.5 % |
2,131,897 |
2,116,147 |
0.7 % |
|
Hard Red Spring Wheat – Options |
3,560 |
3,234 |
10.1 % |
2,839 |
25.4 % |
65,688 |
61,246 |
7.3 % |
|
SPIKES Volatility Index – Futures |
13,252 |
44,694 |
-70.3 % |
18,166 |
-27.1 % |
232,342 |
718,043 |
-67.6 % |
|
Average Daily Volume |
Oct-23 |
Oct-22 |
% Chg |
Sep-23 |
% Chg |
Oct-23 |
Oct-22 |
% Chg |
|
MGEX Total |
10,837 |
8,800 |
23.1 % |
9,603 |
12.9 % |
11,626 |
13,854 |
-16.1 % |
|
Hard Red Spring Wheat – Futures |
10,072 |
6,518 |
54.5 % |
8,553 |
17.8 % |
10,200 |
10,125 |
0.7 % |
|
Hard Red Spring Wheat – Options |
162 |
154 |
5.2 % |
142 |
14.1 % |
314 |
293 |
7.3 % |
|
SPIKES Volatility Index – Futures |
602 |
2,128 |
-71.7 % |
908 |
-33.7 % |
1,112 |
3,436 |
-67.6 % |
|
Open Interest |
Oct-23 |
Oct-22 |
% Chg |
Sep-23 |
% Chg |
|||
|
MGEX Total |
88,132 |
63,330 |
39.2 % |
75,234 |
17.1 % |
|||
|
Hard Red Spring Wheat – Futures |
78,416 |
54,681 |
43.4 % |
67,764 |
15.7 % |
|||
|
Hard Red Spring Wheat – Options |
9,186 |
8,108 |
13.3 % |
6,725 |
36.6 % |
|||
|
SPIKES Volatility Index – Futures |
530 |
541 |
-2.0 % |
745 |
-28.9 % |
|||
