Miami International Holdings, Inc. (MIH) today reported June 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™).
June 2022 Trading Volume Highlights
- Total U.S. multi-listed options market share for the MIAX Exchange Group reached 13.74%, down 171 basis points year-over-year (YoY) and representing an 11.1% decrease. A total of 101.9 million multi-listed options contracts were executed on the MIAX Exchange Group, representing a 20.2% decrease YoY and an average daily volume (ADV) of 4,852,472 contracts. Total year-to-date (YTD) volume reached a record 662.8 million contracts, an increase of 2.6% from the same period in 2021.
- MIAX Options reported record YTD volume of 273.2 million contracts, up 12.1% from the same period in 2021, with volume reaching 42.9 million contracts in June 2022, a 22.6% YoY decrease. MIAX Emerald reported record YTD volume of 171.1 million contracts, a 5.7% increase from the same period in 2021, with volume totaling 22.4 million contracts in June 2022, a 16.4% YoY decrease. MIAX Pearl reported YTD volume of 218.4 million contracts, a 9.1% decrease from the same period in 2021, with volume totaling 36.6 million contracts in June 2022, a 19.5% YoY decrease.
- In U.S. equities, MIAX Pearl Equities™ reported monthly volume of 2.4 billion shares in June 2022, representing a 236.1% increase YoY and a market share of 0.89%. Total YTD volume reached a record 15.3 billion shares, a 513.5% increase from the same period in 2021.
- MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reported trading volume of 347,471 contracts in June 2022, a 15.8% decrease YoY. Total YTD volume reached a record 1,787,014 contracts, an increase of 0.2% from the same period in 2021.
- SPIKES® Futures volume totaled 63,343 contracts in June 2022, a 53.4% increase from the 41,289 contract total in May 2022 and representing an ADV of 3,016 contracts.
Additional MIAX Exchange Group and MGEX volume details are included in the following tables.
|
Multi-Listed Options Trading Volume for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Multi-Listed Options |
Jun-22 |
Jun-21 |
% Chg |
May-22 |
% Chg |
Jun-22 |
Jun-21 |
% Chg |
|
Trading Days |
21 |
22 |
21 |
124 |
124 |
|||
|
U.S. Equity Options Industry |
741,603,725 |
826,487,445 |
-10.3 % |
800,674,708 |
-7.4 % |
4,755,341,225 |
4,621,762,837 |
2.9 % |
|
MIAX Exchange Group |
101,901,906 |
127,701,099 |
-20.2 % |
110,256,695 |
-7.6 % |
662,756,370 |
646,032,019 |
2.6 % |
|
MIAX Options |
42,892,899 |
55,410,315 |
-22.6 % |
47,678,592 |
-10.0 % |
273,233,828 |
243,820,283 |
12.1 % |
|
MIAX Pearl |
36,593,211 |
45,472,258 |
-19.5 % |
36,530,553 |
0.2 % |
218,434,846 |
240,424,689 |
-9.1 % |
|
MIAX Emerald |
22,415,796 |
26,818,526 |
-16.4 % |
26,047,550 |
-13.9 % |
171,087,696 |
161,787,047 |
5.7 % |
|
Multi-Listed Options ADV |
Jun-22 |
Jun-21 |
% Chg |
May-22 |
% Chg |
Jun-22 |
Jun-21 |
% Chg |
|
U.S. Equity Options Industry |
35,314,463 |
37,567,611 |
-6.0 % |
38,127,367 |
-7.4 % |
38,349,526 |
37,272,281 |
2.9 % |
|
MIAX Exchange Group |
4,852,472 |
5,804,595 |
-16.4 % |
5,250,319 |
-7.6 % |
5,344,809 |
5,209,936 |
2.6 % |
|
MIAX Options |
2,042,519 |
2,518,651 |
-18.9 % |
2,270,409 |
-10.0 % |
2,203,499 |
1,966,293 |
12.1 % |
|
MIAX Pearl |
1,742,534 |
2,066,921 |
-15.7 % |
1,739,550 |
0.2 % |
1,761,571 |
1,938,909 |
-9.1 % |
|
MIAX Emerald |
1,067,419 |
1,219,024 |
-12.4 % |
1,240,360 |
-13.9 % |
1,379,739 |
1,304,734 |
5.7 % |
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Multi-Listed Options Market |
Jun-22 |
Jun-21 |
% Chg |
May-22 |
% Chg |
Jun-22 |
Jun-21 |
% Chg |
|
MIAX Exchange Group |
13.74 % |
15.45 % |
-11.1 % |
13.77 % |
-0.2 % |
13.94 % |
13.98 % |
-0.3 % |
|
MIAX Options |
5.78 % |
6.70 % |
-13.7 % |
5.95 % |
-2.9 % |
5.75 % |
5.28 % |
8.9 % |
|
MIAX Pearl |
4.93 % |
5.50 % |
-10.3 % |
4.56 % |
8.2 % |
4.59 % |
5.20 % |
-11.7 % |
|
MIAX Emerald |
3.02 % |
3.24 % |
-6.8 % |
3.25 % |
-7.1 % |
3.60 % |
3.50 % |
2.8 % |
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Jun-22 |
Jun-21 |
% Chg |
May-22 |
% Chg |
Jun-22 |
Jun-21 |
% Chg |
|
Trading Days |
21 |
22 |
21 |
124 |
124 |
|||
|
U.S. Equities Industry |
267,915 |
244,486 |
9.6 % |
277,389 |
-3.4 % |
1,578,845 |
1,312,151 |
20.3 % |
|
MIAX Pearl Volume |
2,373 |
706 |
236.1 % |
2,778 |
-14.6 % |
15,266 |
2,488 |
513.5 % |
|
MIAX Pearl ADV |
113 |
32 |
252.1 % |
132 |
-14.6 % |
123 |
20 |
513.5 % |
|
MIAX Pearl Market Share |
0.89 % |
0.29 % |
206.7 % |
1.00 % |
-11.6 % |
0.97 % |
0.19 % |
409.9 % |
|
Futures & Options Trading Volume for MGEX, Current Month |
Year-to-Date Comparison |
|||||||
|
Futures & Options Contracts |
Jun-22 |
Jun-21 |
% Chg |
May-22 |
% Chg |
Jun-22 |
Jun-21 |
% Chg |
|
Trading Days |
21 |
22 |
21 |
124 |
124 |
|||
|
MGEX Futures Volume |
347,471 |
412,672 |
-15.8 % |
263,158 |
32.0 % |
1,787,014 |
1,784,119 |
0.2 % |
|
MGEX ADV |
16,546 |
18,758 |
-11.8 % |
12,531 |
32.0 % |
14,411 |
14,388 |
0.2 % |
