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Miami International Holdings, Inc. today reported September 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™).
September 2022 Trading Volume Highlights
- Total U.S. multi-listed options market share for the MIAX Exchange Group reached 11.63%, representing a 19.8% year-over-year (YoY) decrease. A total of 97.3 million multi-listed options contracts were executed on the MIAX Exchange Group, representing a 12.1% decrease YoY and an average daily volume (ADV) of 4,635,039 contracts. Total year-to-date (YTD) volume reached 961.2 million contracts, a decrease of 2.8% from the same period in 2021.
- MIAX Options reported YTD volume of 403.5 million contracts, up 5.1% from the same period in 2021, with volume reaching 42.9 million contracts in September 2022, a 2.2% YoY decrease. MIAX Emerald reported YTD volume of 238.7 million contracts, a 12.7% decrease from the same period in 2021, with volume totaling 21.5 million contracts in September 2022, a 42.0% YoY decrease. MIAX Pearl reported YTD volume of 318.9 million contracts, a 3.8% decrease from the same period in 2021, with volume totaling 32.9 million contracts in September 2022, a 10.5% YoY increase.
- In U.S. equities, MIAX Pearl Equities™ reported volume of 2.8 billion shares in September 2022, representing a 101.8% increase YoY and a record monthly market share of 1.16%. Total YTD volume reached a record 22.4 billion shares, a 268.1% 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 310,233 contracts in September 2022, a 4.3% decrease YoY. Total YTD volume reached 2,710,629 contracts, a decrease of 3.2% from the same period in 2021.
- SPIKES® Futures volume totaled 134,932 contracts in September 2022, representing a 14.4% decrease YoY and an average daily volume of 6,425 contracts. Total YTD volume reached a record of 673,349 contracts, a 134.3% increase YoY.
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 |
Sep-22 |
Sep-21 |
% Chg |
Aug-22 |
% Chg |
Sep-22 |
Sep-21 |
% Chg |
|
|
Trading Days |
21 |
21 |
23 |
188 |
188 |
||||
|
U.S. Equity Options Industry |
837,127,631 |
763,992,378 |
9.6 % |
845,104,433 |
-0.9 % |
7,122,932,919 |
6,896,676,100 |
3.3 % |
|
|
MIAX Exchange Group |
97,335,822 |
110,782,472 |
-12.1 % |
108,079,977 |
-9.9 % |
961,153,836 |
989,154,877 |
-2.8 % |
|
|
MIAX Options |
42,928,688 |
43,883,693 |
-2.2 % |
46,972,524 |
-8.6 % |
403,545,842 |
384,130,954 |
5.1 % |
|
|
MIAX Pearl |
32,881,438 |
29,760,494 |
10.5 % |
35,696,808 |
-7.9 % |
318,918,226 |
331,491,709 |
-3.8 % |
|
|
MIAX Emerald |
21,525,696 |
37,138,285 |
-42.0 % |
25,410,645 |
-15.3 % |
238,689,768 |
273,532,214 |
-12.7 % |
|
|
Multi-Listed Options ADV |
Sep-22 |
Sep-21 |
% Chg |
Aug-22 |
% Chg |
Sep-22 |
Sep-21 |
% Chg |
|
|
U.S. Equity Options Industry |
39,863,221 |
36,380,589 |
9.6 % |
36,743,671 |
8.5 % |
37,887,941 |
36,684,447 |
3.3 % |
|
|
MIAX Exchange Group |
4,635,039 |
5,275,356 |
-12.1 % |
4,699,129 |
-1.4 % |
5,112,520 |
5,261,462 |
-2.8 % |
|
|
MIAX Options |
2,044,223 |
2,089,700 |
-2.2 % |
2,042,284 |
0.1 % |
2,146,520 |
2,043,250 |
5.1 % |
|
|
MIAX Pearl |
1,565,783 |
1,417,166 |
10.5 % |
1,552,035 |
0.9 % |
1,696,374 |
1,763,254 |
-3.8 % |
|
|
MIAX Emerald |
1,025,033 |
1,768,490 |
-42.0 % |
1,104,811 |
-7.2 % |
1,269,626 |
1,454,959 |
-12.7 % |
|
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options Market Share |
Sep-22 |
Sep-21 |
% Chg |
Aug-22 |
% Chg |
Sep-22 |
Sep-21 |
% Chg |
|
|
MIAX Exchange Group |
11.63 % |
14.50 % |
-19.8 % |
12.79 % |
-9.1 % |
13.49 % |
14.34 % |
-5.9 % |
|
|
MIAX Options |
5.13 % |
5.74 % |
-10.7 % |
5.56 % |
-7.7 % |
5.67 % |
5.57 % |
1.7 % |
|
|
MIAX Pearl |
3.93 % |
3.90 % |
0.8 % |
4.22 % |
-7.0 % |
4.48 % |
4.81 % |
-6.8 % |
|
|
MIAX Emerald |
2.57 % |
4.86 % |
-47.1 % |
3.01 % |
-14.5 % |
3.35 % |
3.97 % |
-15.5 % |
|
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Sep-22 |
Sep-21 |
% Chg |
Aug-22 |
% Chg |
Sep-22 |
Sep-21 |
% Chg |
|
Trading Days |
21 |
21 |
23 |
188 |
188 |
|||
|
U.S. Equities Industry |
239,417 |
222,241 |
7.7 % |
243,296 |
-1.6 % |
2,276,370 |
2,181,472 |
4.4 % |
|
MIAX Pearl Volume |
2,784 |
1,379 |
101.8 % |
2,396 |
16.2 % |
22,408 |
6,087 |
268.1 % |
|
MIAX Pearl ADV |
133 |
66 |
101.8 % |
104 |
27.2 % |
119 |
32 |
268.1 % |
|
MIAX Pearl Market Share |
1.16 % |
0.62 % |
87.4 % |
0.98 % |
18.1 % |
0.98 % |
0.28 % |
252.8 % |
|
Futures & Options Trading Volume for MGEX, Current Month |
Year-to-Date Comparison |
|||||||
|
Futures & Options Contracts |
Sep-22 |
Sep-21 |
% Chg |
Aug-22 |
% Chg |
Sep-22 |
Sep-21 |
% Chg |
|
Trading Days |
21 |
21 |
23 |
188 |
188 |
|||
|
MGEX Futures Volume |
310,233 |
324,299 |
-4.3 % |
376,441 |
-17.6 % |
2,710,629 |
2,800,181 |
-3.2 % |
|
MGEX ADV |
14,773 |
15,443 |
-4.3 % |
16,367 |
-9.7 % |
14,418 |
14,895 |
-3.2 % |
