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Miami International Holdings, Inc. today reported January trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group), and Minneapolis Grain Exchange (MGEX™).
In addition to multiple record multi-listed volume and market share records in January 2023, the MIAX Exchange Group reported a daily record multi-listed market share and volume total on February 2, 2023, accounting for 17.57% of volume and 11.4 million contracts traded. Daily volume records were also reported on MIAX Options and MIAX Pearl Options, with total multi-listed volume of 4.8 million and 4.4 million contracts, respectfully.
January 2023 Trading Volume Highlights
- Total U.S. multi-listed options market share for the MIAX Exchange Group reached a monthly record of 15.92%, a 13.0% year-over-year (YoY) increase. Total multi-list monthly volume reached a record 135.6 million contracts, a 14.5% YoY increase.
- Total U.S. multi-listed options market share reached a daily record of 17.24% on January 20, 2023, with a record daily volume of 9.3 million contracts reached on January 27, 2023. Both records were eclipsed on February 2, 2023.
- MIAX Pearl Options reported a record monthly multi-listed options market share of 7.42% on January 27, 2023, representing record daily volume of 4.1 million contracts (Subsequently eclipsed on February 2, 2023).
- MIAX Options reported volume of 55.0 million contracts, a 12.9% increase YoY. MIAX Pearl Options reported record volume of 57.3 million contracts, a 54.1% increase YoY. MIAX Emerald reported volume totaling 23.3 million contracts, a 28.3% decrease YoY.
- In U.S. equities, MIAX Pearl Equities™ reported volume of 2.2 billion shares, representing an 8.0% decrease YoY and a monthly market share of 0.99%.
- In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reported trading volume of 165,600 contracts, a 40.2% decrease YoY.
- SPIKES® Futures volume totaled 30,980 contracts, representing a 62.5% decrease YoY and an average daily volume of 1,549 contracts.
Additional MIAX Exchange Group volume information are included in the tables below.
|
Multi-Listed Options Trading Volume for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options |
Jan-23 |
Jan-22 |
% Chg |
Dec-22 |
% Chg |
Jan-23 |
Jan-22 |
% Chg |
|
|
Trading Days |
20 |
20 |
21 |
20 |
20 |
||||
|
U.S. Equity Options Industry |
851,299,299 |
839,823,182 |
1.4 % |
797,391,491 |
6.8 % |
851,299,299 |
839,823,182 |
1.4 % |
|
|
MIAX Exchange Group |
135,562,425 |
118,368,943 |
14.5 % |
115,810,693 |
17.1 % |
135,562,425 |
118,368,943 |
14.5 % |
|
|
MIAX Options |
54,968,897 |
48,682,067 |
12.9 % |
47,561,766 |
15.6 % |
54,968,897 |
48,682,067 |
12.9 % |
|
|
MIAX Pearl |
57,286,437 |
37,171,907 |
54.1 % |
45,731,038 |
25.3 % |
57,286,437 |
37,171,907 |
54.1 % |
|
|
MIAX Emerald |
23,307,091 |
32,514,969 |
-28.3 % |
22,517,889 |
3.5 % |
23,307,091 |
32,514,969 |
-28.3 % |
|
|
Multi-Listed Options ADV |
Jan-23 |
Jan-22 |
% Chg |
Dec-22 |
% Chg |
Jan-23 |
Jan-22 |
% Chg |
|
|
U.S. Equity Options Industry |
42,564,965 |
41,991,159 |
1.4 % |
37,971,023 |
12.1 % |
42,564,965 |
41,991,159 |
1.4 % |
|
|
MIAX Exchange Group |
6,778,121 |
5,918,447 |
14.5 % |
5,514,795 |
22.9 % |
6,778,121 |
5,918,447 |
14.5 % |
|
|
MIAX Options |
2,748,445 |
2,434,103 |
12.9 % |
2,264,846 |
21.4 % |
2,748,445 |
2,434,103 |
12.9 % |
|
|
MIAX Pearl |
2,864,322 |
1,858,595 |
54.1 % |
2,177,668 |
31.5 % |
2,864,322 |
1,858,595 |
54.1 % |
|
|
MIAX Emerald |
1,165,355 |
1,625,748 |
-28.3 % |
1,072,280 |
8.7 % |
1,165,355 |
1,625,748 |
-28.3 % |
|
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
||||||||
|
Multi-Listed Options Market |
Jan-23 |
Jan-22 |
% Chg |
Dec-22 |
% Chg |
Jan-23 |
Jan-22 |
% Chg |
|
|
MIAX Exchange Group |
15.92 % |
14.09 % |
13.0 % |
14.52 % |
9.6 % |
15.92 % |
14.09 % |
13.0 % |
|
|
MIAX Options |
6.46 % |
5.80 % |
11.4 % |
5.96 % |
8.3 % |
6.46 % |
5.80 % |
11.4 % |
|
|
MIAX Pearl |
6.73 % |
4.43 % |
52.0 % |
5.74 % |
17.3 % |
6.73 % |
4.43 % |
52.0 % |
|
|
MIAX Emerald |
2.74 % |
3.87 % |
-29.3 % |
2.82 % |
-3.0 % |
2.74 % |
3.87 % |
-29.3 % |
|
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Jan-23 |
Jan-22 |
% Chg |
Dec-22 |
% Chg |
Jan-23 |
Jan-22 |
% Chg |
|
Trading Days |
20 |
20 |
21 |
20 |
20 |
|||
|
U.S. Equities Industry |
226,550 |
247,422 |
-8.4 % |
226,636 |
0.0 % |
226,550 |
247,422 |
-8.4 % |
|
MIAX Pearl Volume |
2,243 |
2,438 |
-8.0 % |
2,140 |
4.8 % |
2,243 |
2,438 |
-8.0 % |
|
MIAX Pearl ADV |
112 |
122 |
-8.0 % |
102 |
10.0 % |
112 |
122 |
-8.0 % |
|
MIAX Pearl Market Share |
0.99 % |
0.99 % |
0.5 % |
0.94 % |
4.8 % |
0.99 % |
0.99 % |
0.5 % |
|
Futures & Options Trading Volume for MGEX, Current Month |
Year-to-Date Comparison |
|||||||
|
Futures & Options Contracts |
Jan-23 |
Jan-22 |
% Chg |
Dec-22 |
% Chg |
Jan-23 |
Jan-22 |
% Chg |
|
Trading Days |
20 |
20 |
21 |
20 |
20 |
|||
|
MGEX Futures Volume |
165,600 |
277,151 |
-40.2 % |
163,030 |
1.6 % |
165,600 |
277,151 |
-40.2 % |
|
MGEX ADV |
8,280 |
13,858 |
-40.2 % |
7,763 |
6.7 % |
8,280 |
13,858 |
-40.2 % |
