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Miami International Holdings, Inc. today reported February 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™).
February 2023 Trading Volume Highlights
- Total U.S. multi-listed options market share for the MIAX Exchange Group reached 16.8%, a monthly record and an 18.2% year-over-year (YoY) increase. Total multi-listed monthly volume reached a record 137.1 million contracts, a 27.6% YoY increase.
- Total U.S. multi-listed options market share reached a daily record of 18.13% on February 7 with a record daily volume of 11.4 million contracts achieved on February 2.
- MIAX Options reported a record daily volume of 4.8 million contracts on February 2 with total volume of 54.9 million contracts in February, a 26.6% increase YoY.
- MIAX Pearl Options reported record daily volume of 4.4 million contracts on February 2 with total volume of 54.8 million contracts in February, a 49.9% increase YoY.
- MIAX Emerald reported volume totaling 27.4 million contracts, a 0.6% decrease YoY.
- In U.S. equities, MIAX Pearl Equities reported volume of 2.7 billion shares, representing a 29.6% increase YoY and a record monthly market share of 1.27%. In addition, MIAX Pearl Equities reported a record daily market share of 1.57% on February 24, 2023.
- In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reported trading volume of 253,274 contracts, an 18.8% decrease YoY and a 52.9% increase from January 2023.
- SPIKES® Futures volume totaled 30,398 contracts, representing a 47.4% decrease YoY and an average daily volume of 1,600 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 |
Feb-23 |
Feb-22 |
% Chg |
Jan-23 |
% Chg |
Feb-23 |
Feb-22 |
% Chg |
|
Trading Days |
19 |
19 |
20 |
39 |
39 |
|||
|
U.S. Equity Options Industry |
816,156,925 |
756,120,415 |
7.9 % |
851,299,299 |
-4.1 % |
1,667,456,224 |
1,595,943,597 |
4.5 % |
|
MIAX Exchange Group |
137,080,466 |
107,471,124 |
27.6 % |
135,562,425 |
1.1 % |
272,642,891 |
225,840,067 |
20.7 % |
|
MIAX Options |
54,863,604 |
43,340,551 |
26.6 % |
54,968,897 |
-0.2 % |
109,832,501 |
92,022,618 |
19.4 % |
|
MIAX Pearl |
54,820,051 |
36,562,507 |
49.9 % |
57,286,437 |
-4.3 % |
112,106,488 |
73,734,414 |
52.0 % |
|
MIAX Emerald |
27,396,811 |
27,568,066 |
-0.6 % |
23,307,091 |
17.5 % |
50,703,902 |
60,083,035 |
-15.6 % |
|
Multi-Listed Options ADV |
Feb-23 |
Feb-22 |
% Chg |
Jan-23 |
% Chg |
Feb-23 |
Feb-22 |
% Chg |
|
U.S. Equity Options Industry |
42,955,628 |
39,795,811 |
7.9 % |
42,564,965 |
0.9 % |
42,755,288 |
40,921,631 |
4.5 % |
|
MIAX Exchange Group |
7,214,761 |
5,656,375 |
27.6 % |
6,778,121 |
6.4 % |
6,990,843 |
5,790,771 |
20.7 % |
|
MIAX Options |
2,887,558 |
2,281,082 |
26.6 % |
2,748,445 |
5.1 % |
2,816,218 |
2,359,554 |
19.4 % |
|
MIAX Pearl |
2,885,266 |
1,924,342 |
49.9 % |
2,864,322 |
0.7 % |
2,874,525 |
1,890,626 |
52.0 % |
|
MIAX Emerald |
1,441,937 |
1,450,951 |
-0.6 % |
1,165,355 |
23.7 % |
1,300,100 |
1,540,591 |
-15.6 % |
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Multi-Listed Options Market Share |
Feb-23 |
Feb-22 |
% Chg |
Jan-23 |
% Chg |
Feb-23 |
Feb-22 |
% Chg |
|
MIAX Exchange Group |
16.80 % |
14.21 % |
18.2 % |
15.92 % |
5.5 % |
16.35 % |
14.15 % |
15.5 % |
|
MIAX Options |
6.72 % |
5.73 % |
17.3 % |
6.46 % |
4.1 % |
6.59 % |
5.77 % |
14.2 % |
|
MIAX Pearl |
6.72 % |
4.84 % |
38.9 % |
6.73 % |
-0.2 % |
6.72 % |
4.62 % |
45.5 % |
|
MIAX Emerald |
3.36 % |
3.65 % |
-7.9 % |
2.74 % |
22.6 % |
3.04 % |
3.76 % |
-19.2 % |
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Feb-23 |
Feb-22 |
% Chg |
Jan-23 |
% Chg |
Feb-23 |
Feb-22 |
% Chg |
|
Trading Days |
19 |
19 |
20 |
39 |
39 |
|||
|
U.S. Equities Industry |
216,694 |
231,071 |
-6.2 % |
226,550 |
-4.4 % |
443,244 |
478,493 |
-7.4 % |
|
MIAX Pearl Volume |
2,743 |
2,116 |
29.6 % |
2,243 |
22.3 % |
4,986 |
4,554 |
9.5 % |
|
MIAX Pearl ADV |
144 |
111 |
29.6 % |
112 |
28.8 % |
128 |
117 |
9.5 % |
|
MIAX Pearl Market Share |
1.27 % |
0.92 % |
38.2 % |
0.99 % |
27.9 % |
1.12 % |
0.95 % |
18.2 % |
|
Futures & Options Trading Volume for MGEX, Current Month |
Year-to-Date Comparison |
|||||||
|
Futures & Options Contracts |
Feb-23 |
Feb-22 |
% Chg |
Jan-23 |
% Chg |
Feb-23 |
Feb-22 |
% Chg |
|
Trading Days |
19 |
19 |
20 |
39 |
39 |
|||
|
MGEX Futures Volume |
253,274 |
311,768 |
-18.8 % |
165,600 |
52.9 % |
418,874 |
588,919 |
-28.9 % |
|
MGEX ADV |
13,330 |
16,409 |
-18.8 % |
8,280 |
61.0 % |
10,740 |
15,100 |
-28.9 % |
