07.10.2022 15:00:00

Miami International Holdings Reports September 2022 Trading Results; SPIKES Futures and MIAX Pearl Equities Set Year-to-Date Volume Records

PRINCETON, N.J., Oct. 7, 2022 /PRNewswire/ -- Miami International Holdings, Inc. today reported September 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™).

(PRNewsfoto/MIAX)

SPIKES Futures volume reached a record of 673,349 contracts through September, a 134.3% increase YoY.

September 2022 Trading Volume Highlights

  • Total U.S. multi-listed options market share for the MIAX Exchange Group reached 11.63%, representing a 19.8% year-over-year (YoY) decrease. A total of 97.3 million multi-listed options contracts were executed on the MIAX Exchange Group, representing a 12.1% decrease YoY and an average daily volume (ADV) of 4,635,039 contracts. Total year-to-date (YTD) volume reached 961.2 million contracts, a decrease of 2.8% from the same period in 2021.
  • MIAX Options reported YTD volume of 403.5 million contracts, up 5.1% from the same period in 2021, with volume reaching 42.9 million contracts in September 2022, a 2.2% YoY decrease. MIAX Emerald reported YTD volume of 238.7 million contracts, a 12.7% decrease from the same period in 2021, with volume totaling 21.5 million contracts in September 2022, a 42.0% YoY decrease. MIAX Pearl reported YTD volume of 318.9 million contracts, a 3.8% decrease from the same period in 2021, with volume totaling 32.9 million contracts in September 2022, a 10.5% YoY increase.
  • In U.S. equities, MIAX Pearl Equities™ reported volume of 2.8 billion shares in September 2022, representing a 101.8% increase YoY and a record monthly market share of 1.16%. Total YTD volume reached a record 22.4 billion shares, a 268.1% increase from the same period in 2021.
  • In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reported trading volume of 310,233 contracts in September 2022, a 4.3% decrease YoY. Total YTD volume reached 2,710,629 contracts, a decrease of 3.2% from the same period in 2021.
  • SPIKES® Futures volume totaled 134,932 contracts in September 2022, representing a 14.4% decrease YoY and an average daily volume of 6,425 contracts. Total YTD volume reached a record of 673,349 contracts, a 134.3% increase YoY.

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 Contracts

Sep-22

Sep-21

% Chg

Aug-22

% Chg

Sep-22

Sep-21

% Chg


Trading Days

21

21


23


188

188



U.S. Equity Options Industry

837,127,631

763,992,378

9.6 %

845,104,433

-0.9 %

7,122,932,919

6,896,676,100

3.3 %


MIAX Exchange Group

97,335,822

110,782,472

-12.1 %

108,079,977

-9.9 %

961,153,836

989,154,877

-2.8 %


MIAX Options

42,928,688

43,883,693

-2.2 %

46,972,524

-8.6 %

403,545,842

384,130,954

5.1 %


MIAX Pearl

32,881,438

29,760,494

10.5 %

35,696,808

-7.9 %

318,918,226

331,491,709

-3.8 %


MIAX Emerald

21,525,696

37,138,285

-42.0 %

25,410,645

-15.3 %

238,689,768

273,532,214

-12.7 %


Multi-Listed Options ADV

Sep-22

Sep-21

% Chg

Aug-22

% Chg

Sep-22

Sep-21

% Chg


U.S. Equity Options Industry

39,863,221

36,380,589

9.6 %

36,743,671

8.5 %

37,887,941

36,684,447

3.3 %


MIAX Exchange Group

4,635,039

5,275,356

-12.1 %

4,699,129

-1.4 %

5,112,520

5,261,462

-2.8 %


MIAX Options

2,044,223

2,089,700

-2.2 %

2,042,284

0.1 %

2,146,520

2,043,250

5.1 %


MIAX Pearl

1,565,783

1,417,166

10.5 %

1,552,035

0.9 %

1,696,374

1,763,254

-3.8 %


MIAX Emerald

1,025,033

1,768,490

-42.0 %

1,104,811

-7.2 %

1,269,626

1,454,959

-12.7 %



Multi-Listed Options Market Share for

MIAX Exchange Group, Current Month

Year-to-Date Comparison


Multi-Listed Options Market Share

Sep-22

Sep-21

% Chg

Aug-22

% Chg

Sep-22

Sep-21

% Chg


MIAX Exchange Group

11.63 %

14.50 %

-19.8 %

12.79 %

-9.1 %

13.49 %

14.34 %

-5.9 %


MIAX Options

5.13 %

5.74 %

-10.7 %

5.56 %

-7.7 %

5.67 %

5.57 %

1.7 %


MIAX Pearl

3.93 %

3.90 %

0.8 %

4.22 %

-7.0 %

4.48 %

4.81 %

-6.8 %


MIAX Emerald

2.57 %

4.86 %

-47.1 %

3.01 %

-14.5 %

3.35 %

3.97 %

-15.5 %









Equities Trading Volume for

MIAX Pearl Equities, Current Month

Year-to-Date Comparison

Equities Shares (millions)

Sep-22

Sep-21

% Chg

Aug-22

% Chg

Sep-22

Sep-21

% Chg

Trading Days

21

21


23


188

188


U.S. Equities Industry

239,417

222,241

7.7 %

243,296

-1.6 %

2,276,370

2,181,472

4.4 %

MIAX Pearl Volume

2,784

1,379

101.8 %

2,396

16.2 %

22,408

6,087

268.1 %

MIAX Pearl ADV

133

66

101.8 %

104

27.2 %

119

32

268.1 %

MIAX Pearl Market Share

1.16 %

0.62 %

87.4 %

0.98 %

18.1 %

0.98 %

0.28 %

252.8 %





Futures & Options Trading Volume for

MGEX, Current Month

Year-to-Date Comparison

Futures & Options Contracts

Sep-22

Sep-21

% Chg

Aug-22

% Chg

Sep-22

Sep-21

% Chg

Trading Days

21

21


23


188

188


MGEX Futures Volume

310,233

324,299

-4.3 %

376,441

-17.6 %

2,710,629

2,800,181

-3.2 %

MGEX ADV

14,773

15,443

-4.3 %

16,367

-9.7 %

14,418

14,895

-3.2 %

About MIAX

MIAX's parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEX™), and The Bermuda Stock Exchange (BSX™).

MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission (SEC) that are enabled by MIAX's in-house built, proprietary technology. MIAX offers trading of options on all three exchanges as well as cash equities through MIAX Pearl Equities™. The MIAX trading platform was built to meet the high-performance quoting demands of the U.S. options trading industry and is differentiated by throughput, latency, reliability and wire-order determinism. MIAX also serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY).

MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and offers trading in a variety of products including Hard Red Spring Wheat Futures and also serves as the exclusive market for SPIKES Futures. MGEX is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM, DCO and cash market services in an array of asset classes.

BSX is a fully electronic, vertically integrated international securities market headquartered in Bermuda and organized in 1971. BSX specializes in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants, and insurance linked securities.

MIAX's executive offices and National Operations Center are located in Princeton, N.J., with additional offices located in Miami, FL, Minneapolis, MN, and Hamilton, Bermuda.

To learn more about MIAX visit www.MIAXOptions.com.

To learn more about MGEX visit www.mgex.com.

To learn more about BSX visit www.bsx.com.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements

The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company's use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.

Media Contact:
Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091
anybo@miami-holdings.com

 

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SOURCE MIAX

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