Miami International Holdings, Inc. today reported December and 2021 full-year trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group™) and Minneapolis Grain Exchange (MGEX™) with multiple market share and volume records reached over the course of the year. December and full-year 2021 market share and volume milestones include:
- The MIAX Exchange Group collectively traded a record 1.34 billion multi-listed options contracts in 2021, a 61.8% increase from 2020 and representing an average daily volume (ADV) of 5,309,972 contracts.
- Total multi-list options contract in December 2021 totaled 113.0 million contracts, representing a market share of 14.22% and a 42.4% increase from December 2020.
- Total U.S. multi-listed options market share reached a record 14.29% in 2021, 248 basis points higher than the 11.81% market share in 2020 and representing a 21.0% increase in market share.
- All three MIAX options exchanges reported record annual multi-list option volume totals in 2021, with MIAX Options reporting volume of 522.6 million contracts, a 58.3% increase; MIAX Pearl, 427.0 million contracts, a 45.5% increase; and MIAX Emerald, 388.6 million contracts, a 90.7% increase.
- MIAX Emerald reported a new annual market share record in 2021, accounting for 4.15% of total industry multi-list option volume.
MIAX Pearl Equities™
- MIAX Pearl Equities™ reported record volume of 11.07 billion shares in 2021, as compared to 349.8 million shares in 2020 (MIAX Pearl Equities launched in September, 2020).
- MIAX Pearl equities reported both a monthly volume record of 1.94 billion shares and a market share record of 0.81% in December of 2021.
- MIAX Pearl Equities volume reached a record daily volume of 161.2 million shares on December 3, 2021, which also represented a daily record market share of 1.15%.
Minneapolis Grain Exchange
- MGEX reported record volume of 3,873,016 futures and options contracts in 2021, an increase of 40.0% from 2020.
- Hard Red Spring Wheat trading set annual records in both futures and options, with total volume of 2,997,693 and 123,079 contracts, respectively in 2021.
- SPIKES® Futures volume totaled 752,240 contracts in 2021, after MIAX received approval from the U.S. Securities and Exchange Commission to relaunch SPIKES Futures in December 2020. New trading incentives enacted on July 1, 2021 contributed to volume totals in the second half of 2021, with 741,819 contracts traded, compared to 10,421 contracts traded in the first half of 2021. ADV for SPIKES® Futures in the second half of 2021 was 5,795 contracts, compared to 84 contracts in the first half of 2021.
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