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Miami International Holdings, Inc. today reported July 2023 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group), and Minneapolis Grain Exchange (MGEX™).
July 2023 and Year-to-Date Trading Volume Highlights
- Total multi-listed monthly options volume for the MIAX Exchange Group reached 125.3 million contracts, a 34.7% increase year-over-year (YoY) and representing a monthly market share of 15.58%, a 14.9% increase YoY. Total year-to-date (YTD) volume reached a record 955.2 million contracts, a 26.4% increase YoY.
- MIAX Options reached a monthly volume of 51.1 million contracts, a 26.6% increase YoY and representing a monthly market share of 6.36%, a 7.9% increase YoY. MIAX Options reached a record YTD volume of 382.2 million contracts, up 21.9% from the same period in 2022.
- MIAX Pearl Options reached a monthly volume of 50.6 million contracts, a 58.7% increase YoY and representing a monthly market share of 6.30%, a 35.3% increase YoY. MIAX Pearl Options reached a record YTD volume of 393.2 million contracts, up 57.1% from the same period in 2022.
- MIAX Emerald reached a monthly volume of 23.5 million contracts, a 13.7% increase YoY and representing a monthly market share of 2.92%, a 3.1% decrease YoY.
- In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 3.6 billion shares, an 82.6% increase YoY and representing a monthly market share of 1.72%, an 87.8% increase YoY. MIAX Pearl Equities reached a record YTD volume of 24.4 billion shares, a 41.8% increase YoY.
- In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reached a monthly volume of 245,080 contracts, a 3.4% increase YoY and a 9.7% decrease from June 2023.
- SPIKES® Futures volume totaled 15,906 contracts, representing a 62.4% decrease YoY and an average daily volume of 795 contracts.
Additional MIAX Exchange Group volume information is included in the tables below.
|
Multi-Listed Options Trading Volume for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options Contracts |
Jul-23 |
Jul-22 |
% Chg |
Jun-23 |
% Chg |
Jul-23 |
Jul-22 |
% Chg |
|
|
Trading Days |
20 |
20 |
21 |
144 |
144 |
||||
|
U.S. Equity Options Industry |
803,919,985 |
685,359,630 |
17.3 % |
875,309,560 |
-8.2 % |
5,867,898,525 |
5,440,700,855 |
7.9 % |
|
|
MIAX Exchange Group |
125,287,676 |
92,981,667 |
34.7 % |
142,120,689 |
-11.8 % |
955,150,796 |
755,738,037 |
26.4 % |
|
|
MIAX Options |
51,143,921 |
40,410,802 |
26.6 % |
57,183,100 |
-10.6 % |
382,240,422 |
313,644,630 |
21.9 % |
|
|
MIAX Pearl |
50,643,890 |
31,905,134 |
58.7 % |
59,058,771 |
-14.2 % |
393,160,420 |
250,339,980 |
57.1 % |
|
|
MIAX Emerald |
23,499,865 |
20,665,731 |
13.7 % |
25,878,818 |
-9.2 % |
179,749,954 |
191,753,427 |
-6.3 % |
|
|
Multi-Listed Options ADV |
Jul-23 |
Jul-22 |
% Chg |
Jun-23 |
% Chg |
Jul-23 |
Jul-22 |
% Chg |
|
|
U.S. Equity Options Industry |
40,195,999 |
34,267,982 |
17.3 % |
41,681,408 |
-3.6 % |
40,749,295 |
37,782,645 |
7.9 % |
|
|
MIAX Exchange Group |
6,264,384 |
4,649,083 |
34.7 % |
6,767,652 |
-7.4 % |
6,632,992 |
5,248,181 |
26.4 % |
|
|
MIAX Options |
2,557,196 |
2,020,540 |
26.6 % |
2,723,005 |
-6.1 % |
2,654,447 |
2,178,088 |
21.9 % |
|
|
MIAX Pearl |
2,532,195 |
1,595,257 |
58.7 % |
2,812,322 |
-10.0 % |
2,730,281 |
1,738,472 |
57.1 % |
|
|
MIAX Emerald |
1,174,993 |
1,033,287 |
13.7 % |
1,232,325 |
-4.7 % |
1,248,264 |
1,331,621 |
-6.3 % |
|
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options Market Share |
Jul-23 |
Jul-22 |
% Chg |
Jun-23 |
% Chg |
Jul-23 |
Jul-22 |
% Chg |
|
|
MIAX Exchange Group |
15.58 % |
13.57 % |
14.9 % |
16.24 % |
-4.0 % |
16.28 % |
13.89 % |
17.2 % |
|
|
MIAX Options |
6.36 % |
5.90 % |
7.9 % |
6.53 % |
-2.6 % |
6.51 % |
5.76 % |
13.0 % |
|
|
MIAX Pearl |
6.30 % |
4.66 % |
35.3 % |
6.75 % |
-6.6 % |
6.70 % |
4.60 % |
45.6 % |
|
|
MIAX Emerald |
2.92 % |
3.02 % |
-3.1 % |
2.96 % |
-1.1 % |
3.06 % |
3.52 % |
-13.1 % |
|
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Jul-23 |
Jul-22 |
% Chg |
Jun-23 |
% Chg |
Jul-23 |
Jul-22 |
% Chg |
|
Trading Days |
20 |
20 |
21 |
144 |
144 |
|||
|
U.S. Equities Industry |
208,905 |
214,812 |
-2.7 % |
236,192 |
-11.6 % |
1,605,827 |
1,793,657 |
-10.5 % |
|
MIAX Pearl Volume |
3,583 |
1,962 |
82.6 % |
4,395 |
-18.5 % |
24,429 |
17,228 |
41.8 % |
|
MIAX Pearl ADV |
179 |
98 |
82.6 % |
209 |
-14.4 % |
170 |
120 |
41.8 % |
|
MIAX Pearl Market Share |
1.72 % |
0.91 % |
87.8 % |
1.86 % |
-7.8 % |
1.52 % |
0.96 % |
58.4 % |
|
Futures & Options Trading Volume for MGEX, Current Month |
Year-to-Date Comparison |
|||||||
|
Futures & Options Contracts |
Jul-23 |
Jul-22 |
% Chg |
Jun-23 |
% Chg |
Jul-23 |
Jul-22 |
% Chg |
|
Trading Days |
20 |
20 |
21 |
144 |
144 |
|||
|
MGEX Futures Volume |
245,080 |
236,941 |
3.4 % |
271,495 |
-9.7 % |
1,669,976 |
2,023,955 |
-17.5 % |
|
MGEX ADV |
12,254 |
11,847 |
3.4 % |
12,928 |
-5.2 % |
11,597 |
14,055 |
-17.5 % |
