Miami International Holdings, Inc. (MIAX) (NYSE: MIAX), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today reported January 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™.
January 2026 Highlights
- MIAX Exchange Group average daily volume (ADV) reached 11.1 million contracts, a 25.1% year-over-year (YoY) increase and a 20.6% increase from December 2025
- MIAX Exchange Group market share reached 17.6%, a 5.5% increase YoY and a 2.8% increase from December 2025
- MIAX Futures ADV reached 7,359 contracts, a 51.9% increase from December 2025
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 |
|||||||
|
Jan-26 |
Jan-25 |
% Chg |
Dec-25 |
% Chg |
Jan-26 |
Jan-25 |
% Chg |
|
|
U.S. Multi-list Options |
||||||||
|
Trading Days |
20 |
20 |
22 |
20 |
20 |
|||
|
U.S. Equity Options Industry ADV (000's) |
63,025 |
53,135 |
18.6 % |
53,703 |
17.4 % |
63,025 |
53,135 |
18.6 % |
|
MIAX Exchange Group Options ADV (000's) |
11,100 |
8,870 |
25.1 % |
9,201 |
20.6 % |
11,100 |
8,870 |
25.1 % |
|
MIAX Exchange Group Options Market Share |
17.6 % |
16.7 % |
5.5 % |
17.1 % |
2.8 % |
17.6 % |
16.7 % |
5.5 % |
|
U.S. Equities |
||||||||
|
U.S. Equities Industry ADV (Millions) |
19,436 |
15,438 |
25.9 % |
15,879 |
22.4 % |
19,436 |
15,438 |
25.9 % |
|
MIAX Pearl ADV (Millions) |
161 |
195 |
-17.3 % |
120 |
34.6 % |
161 |
195 |
-17.3 % |
|
MIAX Pearl Market Share |
0.8 % |
1.3 % |
-34.3 % |
0.8 % |
9.9 % |
0.8 % |
1.3 % |
-34.3 % |
|
MIAX Futures Exchange |
||||||||
|
Trading Days |
20 |
21 |
22 |
20 |
21 |
|||
|
MIAX Futures ADV |
7,359 |
15,577 |
-52.8 % |
4,843 |
51.9 % |
7,359 |
15,577 |
-52.8 % |
|
1) Calculated as total volume for the period divided by total trading days for the period. |
