Miami International Holdings, Inc. (MIAX) (NYSE: MIAX), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today reported February 2026 trading results for its U.S. exchange subsidiaries — MIAX®, MIAX Pearl®, MIAX Emerald® and MIAX Sapphire® (collectively, the MIAX Exchange Group), and MIAX Futures™.
February 2026 Highlights
- MIAX Exchange Group average daily volume (ADV) reached 10.8 million contracts, a 25.4% increase year-over-year (YoY)
- MIAX Exchange Group market share reached 17.1%, an 8.1% increase YoY
- MIAX Futures ADV reached 14,944 contracts, a 103.1% increase from January 2026
Additional MIAX Exchange Group and MIAX Futures trading volume and market share information is included in the table below. Summary statistics including trading volume and market share by business segment, as well as rolling three-month average revenue per contract and capture rates, are available on the MIAX website at https://ir.miaxglobal.com/volume-rpc-reports.
|
Average Daily Trading Volume (ADV) (1) |
Year-to-Date Comparison |
|||||||
|
Feb-26 |
Feb-25 |
% Chg |
Jan-26 |
% Chg |
Feb-26 |
Feb-25 |
% Chg |
|
|
U.S. Multi-list Options |
||||||||
|
Trading Days |
19 |
19 |
20 |
39 |
39 |
|||
|
U.S. Equity Options Industry ADV (000's) |
63,264 |
54,563 |
15.9 % |
63,025 |
0.4 % |
63,141 |
53,831 |
17.3 % |
|
MIAX Exchange Group Options ADV (000's) |
10,812 |
8,625 |
25.4 % |
11,100 |
-2.6 % |
10,960 |
8,751 |
25.2 % |
|
MIAX Exchange Group Options Market Share |
17.1 % |
15.8 % |
8.1 % |
17.6 % |
-3.0 % |
17.4 % |
16.3 % |
6.8 % |
|
U.S. Equities |
||||||||
|
U.S. Equities Industry ADV (Millions) |
18,963 |
15,618 |
21.4 % |
19,436 |
-2.4 % |
19,206 |
15,526 |
23.7 % |
|
MIAX Pearl ADV (Millions) |
174 |
170 |
2.1 % |
161 |
7.8 % |
167 |
183 |
-8.5 % |
|
MIAX Pearl Market Share |
0.9 % |
1.1 % |
-15.9 % |
0.8 % |
10.5 % |
0.9 % |
1.2 % |
-26.0 % |
|
MIAX Futures Exchange |
||||||||
|
Trading Days |
19 |
19 |
20 |
39 |
40 |
|||
|
MIAX Futures ADV |
14,944 |
24,316 |
-38.5 % |
7,359 |
103.1 % |
11,054 |
19,728 |
-44.0 % |
|
1) Calculated as total volume for the period divided by total trading days for the period. |
