Thursday, 6 Oct 2022

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

PRINCETON, N.J., Sept. 7, 2022 /PRNewswire/ — Miami International Holdings, Inc. (MIH) today reported August 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™).

August 2022 Trading Volume Highlights

  • Total U.S. multi-listed options market share for the MIAX Exchange Group reached 12.79%, representing a 16.0% year-over-year (YoY) decrease. A total of 108.1 million multi-listed options contracts were executed on the MIAX Exchange Group, representing a 6.8% decrease YoY and an average daily volume (ADV) of 4,699,129 contracts. Total year-to-date (YTD) volume reached 863.8 million contracts, a decrease of 1.7% from the same period in 2021.
  • MIAX Options reported record YTD volume of 360.6 million contracts, up 6.0% from the same period in 2021, with volume reaching 47.0 million contracts in August 2022, a 0.3% YoY decrease. MIAX Emerald reported YTD volume of 217.2 million contracts, an 8.1% decrease from the same period in 2021, with volume totaling 25.4 million contracts in August 2022, a 39.2% YoY decrease. MIAX Pearl reported YTD volume of 286.0 million contracts, a 5.2% decrease from the same period in 2021, with volume totaling 35.7 million contracts in August 2022, a 31.9% YoY increase.
  • In U.S. equities, MIAX Pearl Equities™ reported volume of 2.4 billion shares in August 2022, representing a 210.2% increase YoY and a market share of 0.98%. Total YTD volume reached a record 19.6 billion shares, a 316.9% 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 376,441 contracts in August 2022, a 4.6% decrease YoY. Total YTD volume reached 2,400,396 contracts, a decrease of 3.0% from the same period in 2021.
  • SPIKES® Futures volume totaled 160,628 contracts in August 2022, representing an 87.0% increase YoY and an average daily volume of 6,984 contracts. Total YTD volume reached a record of 538,417 contracts, a 314.8% 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
Aug-22 Aug-21 % Chg Jul-22 % Chg Aug-22 Aug-21 % Chg
Trading Days 23 22 20 167 167
U.S. Equity Options Industry 845,104,433 761,891,872 10.9 % 685,359,630 23.3 % 6,285,805,288 6,132,683,722 2.5 %
MIAX Exchange Group 108,079,977 116,013,478 -6.8 % 92,981,667 16.2 % 863,818,014 878,372,405 -1.7 %
MIAX Options 46,972,524 47,123,249 -0.3 % 40,410,802 16.2 % 360,617,154 340,247,261 6.0 %
MIAX Pearl 35,696,808 27,068,706 31.9 % 31,905,134 11.9 % 286,036,788 301,731,215 -5.2 %
MIAX Emerald 25,410,645 41,821,523 -39.2 % 20,665,731 23.0 % 217,164,072 236,393,929 -8.1 %
Multi-Listed Options ADV Aug-22 Aug-21 % Chg Jul-22 % Chg Aug-22 Aug-21 % Chg
U.S. Equity Options Industry 36,743,671 34,631,449 6.1 % 34,267,982 7.2 % 37,639,553 36,722,657 2.5 %
MIAX Exchange Group 4,699,129 5,273,340 -10.9 % 4,649,083 1.1 % 5,172,563 5,259,715 -1.7 %
MIAX Options 2,042,284 2,141,966 -4.7 % 2,020,540 1.1 % 2,159,384 2,037,409 6.0 %
MIAX Pearl 1,552,035 1,230,396 26.1 % 1,595,257 -2.7 % 1,712,795 1,806,774 -5.2 %
MIAX Emerald 1,104,811 1,900,978 -41.9 % 1,033,287 6.9 % 1,300,384 1,415,533 -8.1 %
Multi-Listed Options Market Share for

MIAX Exchange Group, Current Month

Year-to-Date Comparison
Multi-Listed Options Market
Share
Aug-22 Aug-21 % Chg Jul-22 % Chg Aug-22 Aug-21 % Chg
MIAX Exchange Group 12.79 % 15.23 % -16.0 % 13.57 % -5.7 % 13.74 % 14.32 % -4.1 %
MIAX Options 5.56 % 6.19 % -10.1 % 5.90 % -5.7 % 5.74 % 5.55 % 3.4 %
MIAX Pearl 4.22 % 3.55 % 18.9 % 4.66 % -9.3 % 4.55 % 4.92 % -7.5 %
MIAX Emerald 3.01 % 5.49 % -45.2 % 3.02 % -0.3 % 3.45 % 3.85 % -10.4 %

 

Equities Trading Volume for

MIAX Pearl Equities, Current Month

Year-to-Date Comparison
Equities Shares (millions) Aug-22 Aug-21 % Chg Jul-22 % Chg Aug-22 Aug-21 % Chg
Trading Days 23 22 20 167 167
U.S. Equities Industry 243,296 198,029 22.9 % 214,812 13.3 % 2,036,953 1,959,231 4.0 %
Miax Pearl Volume 2,396 773 210.2 % 1,962 22.1 % 19,624 4,708 316.9 %
MIAX Pearl ADV 104 35 196.7 % 98 6.2 % 118 28 316.9 %
MIAX Pearl Market Share 0.98 % 0.39 % 152.5 % 0.91 % 7.8 % 0.96 % 0.24 % 301.0 %

 

Futures & Options Trading Volume for

MGEX, Current Month

Year-to-Date Comparison
Futures & Options Contracts Aug-22 Aug-21 % Chg Jul-22 % Chg Aug-22 Aug-21 % Chg
Trading Days 23 22 20 167 167
MGEX Futures Volume 376,441 394,528 -4.6 % 236,941 58.9 % 2,400,396 2,475,882 -3.0 %
MGEX ADV 16,367 17,933 -8.7 % 11,847 38.2 % 14,374 14,826 -3.0 %

 

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 our 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 serves as the exclusive market for a variety of products including Hard Red Spring Wheat and 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

Logo – https://mma.prnewswire.com/media/1396492/MIAX_Logo.jpg

 

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