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Miami International Holdings, Inc. today reported December and full-year 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™). December and full-year 2022 market share and volume results include:
MIAX Exchange Group
- Total U.S. multi-list options market share for the MIAX Exchange Group reached 14.52% in December 2022, a 2.1% year-over-year (YoY) increase and representing total volume of 115.8 million contracts and an average daily volume (ADV) of 5.5 million contracts.
- The MIAX Exchange Group reported a total of 1.3 billion multi-list options contracts executed in 2022, a 2.9% decrease YoY and representing an ADV of 5.2 million contracts. Total U.S. multi-listed options market share reached 13.54% in 2022, a 5.2% decline YoY.
- The MIAX Exchange Group set a record for U.S. multi-list options daily market share of 17.05% on December 23, 2022, and a daily record volume of 8.3 million contracts on January 21, 2022.
- MIAX Options® and MIAX Pearl Options both reported annual multi-list option record volume totals in 2022, with volume of 548.8 million contracts and 438.1 million contracts executed on each exchange, respectively.
- MIAX Options and MIAX Pearl Options both reported annual market share records in 2022, accounting for 5.72% and 4.56% of total industry multi-list option volume, respectively.
MIAX Pearl Equities™
- MIAX Pearl Equities reported volume of 2.1 billion shares in December 2022, representing a 10.3% increase YoY and a monthly market share of 0.94%.
- Total 2022 volume on MIAX Pearl Equities reached a record 29.5 billion shares, a 167.0% YoY increase. The 2022 total represented a 0.99% market share, a 157.2% increase from 2021.
- MIAX Pearl Equities reported a monthly volume record of 2.78 billion shares in September 2022, representing a monthly market share record of 1.16%.
- MIAX Pearl Equities reported record daily volume of 194.7 million shares on January 24, 2022, and a daily record market share of 1.42% on April 27, 2022.
MGEX
- MGEX reported trading volume of 163,030 contracts in December 2022, a 24.2% decrease YoY.
- Total 2022 MGEX volume reached 3.3 million contracts, a YoY decrease of 15.0% and representing the second highest annual volume total in MGEX history.
- Trading in Hard Red Spring Wheat (HRSW) Futures totaled 126,876 contracts in December 2022, a 3.5% YoY decrease, while HRSW Options trading totaled 2,914 contracts, a 56.5% YoY decrease.
- SPIKES® Futures volume totaled 33,240 contracts in December 2022, representing a 56.8% YoY decrease and an ADV of 1,583 contracts.
- SPIKES Futures volume totaled a record 785,375 contracts in 2022, a 4.4% YoY increase and representing an ADV of 3,129 contracts in 2022, a 4.8% YoY increase.
Additional MIAX Exchange Group volume details and records are highlighted in the tables included below.
|
Multi-Listed Options Trading Volume for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Multi-Listed Options Contracts |
Dec-22 |
Dec-21 |
% Chg |
Nov-22 |
% Chg |
Dec-22 |
Dec-21 |
% Chg |
|
Trading Days |
21 |
22 |
21 |
251 |
252 |
|||
|
U.S. Equity Options Industry |
797,391,491 |
794,555,696 |
0.4 % |
849,328,703 |
-6.1 % |
9,599,301,629 |
9,366,823,566 |
2.5 % |
|
MIAX Exchange Group |
115,810,693 |
113,005,405 |
2.5 % |
115,108,818 |
0.6 % |
1,299,336,164 |
1,338,112,960 |
-2.9 % |
|
MIAX Options |
47,561,766 |
42,812,426 |
11.1 % |
51,219,220 |
-7.1 % |
548,767,478 |
522,549,941 |
5.0 % |
|
MIAX Pearl |
45,731,038 |
31,633,894 |
44.6 % |
37,617,916 |
21.6 % |
438,116,813 |
427,001,176 |
2.6 % |
|
MIAX Emerald |
22,517,889 |
38,559,085 |
-41.6 % |
26,271,682 |
-14.3 % |
312,451,873 |
388,561,843 |
-19.6 % |
|
Multi-Listed Options ADV |
Dec-22 |
Dec-21 |
% Chg |
Nov-22 |
% Chg |
Dec-22 |
Dec-21 |
% Chg |
|
U.S. Equity Options Industry |
37,971,023 |
36,116,168 |
5.1 % |
40,444,224 |
-6.1 % |
38,244,230 |
37,169,935 |
2.9 % |
|
MIAX Exchange Group |
5,514,795 |
5,136,609 |
7.4 % |
5,481,372 |
0.6 % |
5,176,638 |
5,309,972 |
-2.5 % |
|
MIAX Options |
2,264,846 |
1,946,019 |
16.4 % |
2,439,010 |
-7.1 % |
2,186,325 |
2,073,611 |
5.4 % |
|
MIAX Pearl |
2,177,668 |
1,437,904 |
51.4 % |
1,791,329 |
21.6 % |
1,745,485 |
1,694,449 |
3.0 % |
|
MIAX Emerald |
1,072,280 |
1,752,686 |
-38.8 % |
1,251,032 |
-14.3 % |
1,244,828 |
1,541,912 |
-19.3 % |
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Multi-Listed Options Market Share |
Dec-22 |
Dec-21 |
% Chg |
Nov-22 |
% Chg |
Dec-22 |
Dec-21 |
% Chg |
|
MIAX Exchange Group |
14.52 % |
14.22 % |
2.1 % |
13.55 % |
7.2 % |
13.54 % |
14.29 % |
-5.2 % |
|
MIAX Options |
5.96 % |
5.39 % |
10.7 % |
6.03 % |
-1.1 % |
5.72 % |
5.58 % |
2.5 % |
|
MIAX Pearl |
5.74 % |
3.98 % |
44.0 % |
4.43 % |
29.5 % |
4.56 % |
4.56 % |
0.1 % |
|
MIAX Emerald |
2.82 % |
4.85 % |
-41.8 % |
3.09 % |
-8.7 % |
3.25 % |
4.15 % |
-21.5 % |
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Dec-22 |
Dec-21 |
% Chg |
Nov-22 |
% Chg |
Dec-22 |
Dec-21 |
% Chg |
|
Trading Days |
21 |
22 |
21 |
251 |
252 |
|||
|
U.S. Equities Industry |
226,636 |
238,603 |
-5.0 % |
236,072 |
-4.0 % |
2,980,342 |
2,871,518 |
3.8 % |
|
MIAX Pearl Volume |
2,140 |
1,940 |
10.3 % |
2,403 |
-10.9 % |
29,547 |
11,066 |
167.0 % |
|
MIAX Pearl ADV |
102 |
88 |
15.6 % |
114 |
-10.9 % |
118 |
44 |
168.1 % |
|
MIAX Pearl Market Share |
0.94 % |
0.81 % |
16.1 % |
1.02 % |
-7.2 % |
0.99 % |
0.39 % |
157.2 % |
|
Futures & Options Trading Volume for MGEX, Current Month |
Year-to-Date Comparison |
|||||||
|
Futures & Options Contracts |
Dec-22 |
Dec-21 |
% Chg |
Nov-22 |
% Chg |
Dec-22 |
Dec-21 |
% Chg |
|
Trading Days |
21 |
22 |
21 |
251 |
252 |
|||
|
MGEX Futures Volume |
163,030 |
215,062 |
-24.2 % |
235,460 |
-30.8 % |
3,293,926 |
3,873,012 |
-15.0 % |
|
MGEX ADV |
7,763 |
9,776 |
-20.6 % |
11,212 |
-30.8 % |
13,123 |
15,369 |
-14.6 % |
2022 Market Share and Volume Records:
|
MIAX® |
MIAX Exchange Group Options Records |
||
|
Single Day |
Market Share |
17.05 % |
December 23, 2022 |
|
Volume |
8,288,503 |
January 21, 2022 |
|
|
MIAX® |
MIAX Options Records |
||
|
Single Day |
Volume |
3,884,167 |
November 11, 2022 |
|
Annual |
Market Share |
5.72 % |
2022 |
|
Volume |
548,767,478 |
2022 |
|
|
MIAX® |
MIAX Pearl Options Records |
||
|
Annual |
Market Share |
4.56 % |
2022 |
|
Volume |
438,116,813 |
2022 |
|
|
MIAX® |
MIAX Pearl Equity Records |
||
|
Single Day |
Market Share |
1.42 % |
April 27, 2022 |
|
Volume |
194,659,923 |
January 24, 2022 |
|
|
Monthly |
Market Share |
1.16 % |
September 2022 |
|
Volume |
2,784,180,563 |
September 2022 |
|
|
Annual |
Market Share |
0.99 % |
2022 |
|
Volume |
29,546,642,502 |
2022 |
|
