PRINCETON, N.J., May 4, 2022 /PRNewswire/ — Miami International Holdings, Inc. (MIH) today announced April 2022 trading results of its US stock exchange subsidiaries – MIAX®Pearl MIAX® and MIAX Emerald® (together, the MIAX Exchange Group™) and Minneapolis Grain Exchange (MGEX™).
April 2022 Trading Volume Highlights
- The total market share of multi-listed options in the United States for the MIAX Exchange Group reached 14.08% in April 2022, down seven basis points year-on-year (YoY) and representing a decline of 0.5%. The MIAX Exchange Group collectively executed 103.0 million multi-listed options contracts, representing an 8.0% year-over-year increase and an average daily volume (ADV) of 5,148,552 contracts. Total year-to-date (YTD) volume reached a record 450.6 million contracts, an increase of 7.6% compared to the same period in 2021.
- MIAX Options posted record year-to-date volume of 182.7 million contracts, up 25.5% from the same period in 2021, with volume up April 2022 reaching 41.4 million contracts, a year-on-year increase of 3.7%. MIAX Emerald recorded a record year-to-date volume of 122.6 million contracts, an increase of 6.0% compared to the same period in 2021, with volume in April 2022 totaling 28.0 million contracts, a year-on-year increase of 42.1%. MIAX Pearl recorded YTD volume of 145.1 million contracts, down 7.7% from the same period in 2021, with total volume of 33.6 million contracts in April 2022down 6.1% year-on-year.
- In US equities, MIAX Pearl Equities™ recorded monthly volume of 2.5 billion shares in April 2022, representing a 461.2% year-over-year increase and a record market share of 1.08%. Total year-to-date volume reached a record 10.1 billion shares, an increase of 426.0% over the same period in 2021. MIAX Pearl Equities also recorded market share daily record of 1.42% on April 27, 2022.
- MGEX, a Designated Contracts Market (DCM) and Derivatives Clearing Organization (DCO), reported trading volume of 245,294 contracts in April 2022, a decline of 23.9% year-on-year. Total year-to-date volume reached a record 1,176,385 contracts, an increase of 5.9% compared to the same period in 2021.
- POINTS® The volume of futures contracts totaled 49,593 contracts in April 2022an increase of 21.5% compared to the total of 40,827 contracts in March 2022 and representing an ADV of 2,480 contracts.
Additional details about MIAX Exchange Group and MGEX volumes 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 |
Apr-22 |
Apr-21 |
% changes |
March 22 |
% changes |
Apr-22 |
Apr-21 |
% changes |
|
Trading days |
20 |
21 |
23 |
82 |
82 |
|||
|
American stock options industry |
731 405 971 |
674 204 936 |
8.5% |
885 713 224 |
-17.4% |
3,213,062,792 |
3,117,438,800 |
3.1% |
|
MIAX Exchange Group |
102 971 031 |
95 374 791 |
8.0% |
121 786 671 |
-15.4% |
450 597 769 |
418 632 750 |
7.6% |
|
MIAX Options |
41,389,318 |
39,922,649 |
3.7% |
49 250 401 |
-16.0% |
182 662 337 |
145 550 492 |
25.5% |
|
Pearl MIAX |
33,550,979 |
35,721,054 |
-6.1% |
38,025,689 |
-11.8% |
145 311 082 |
157,392,530 |
-7.7% |
|
MIAX Emerald |
28,030,734 |
19,731,088 |
42.1% |
34,510,581 |
-18.8% |
122,624,350 |
115 689 728 |
6.0% |
|
ADV multi-listed options |
Apr-22 |
Apr-21 |
% changes |
March 22 |
% changes |
Apr-22 |
Apr-21 |
% changes |
|
American stock options industry |
36,570,299 |
32,104,997 |
13.9% |
38,509,271 |
-5.0% |
39,183,693 |
38,017,546 |
3.1% |
|
MIAX Exchange Group |
5,148,552 |
4,541,657 |
13.4% |
5,295,073 |
-2.8% |
5,495,095 |
5,105,277 |
7.6% |
|
MIAX Options |
2,069,466 |
1,901,079 |
8.9% |
2,141,322 |
-3.4% |
2,227,589 |
1,775,006 |
25.5% |
|
Pearl MIAX |
1,677,549 |
1,701,003 |
-1.4% |
1,653,291 |
1.5% |
1,772,086 |
1,919,421 |
-7.7% |
|
MIAX Emerald |
1,401,537 |
939 576 |
49.2% |
1,500 460 |
-6.6% |
1,495,419 |
1,410,850 |
6.0% |
|
Market share of multi-listed options for |
Year-to-date comparison |
|||||||
|
Multi-listed options market |
Apr-22 |
Apr-21 |
% changes |
March 22 |
% changes |
Apr-22 |
Apr-21 |
% changes |
|
MIAX Exchange Group |
14.08% |
14.15% |
-0.5% |
13.75% |
2.4% |
14.02% |
13.43% |
4.4% |
|
MIAX Options |
5.66% |
5.92% |
-4.4% |
5.56% |
1.8% |
5.68% |
4.67% |
21.8% |
|
Pearl MIAX |
4.59% |
5.30% |
-13.4% |
4.29% |
6.8% |
4.52% |
5.05% |
-10.4% |
|
MIAX Emerald |
3.83% |
2.93% |
31.0% |
3.90% |
-1.6% |
3.82% |
3.71% |
2.8% |
|
Stock trading volume for MIAX Pearl Equities, current month |
Year-to-date comparison |
|||||||
|
Shares Shares (millions) |
Apr-22 |
Apr-21 |
% changes |
March 22 |
% changes |
Apr-22 |
Apr-21 |
% changes |
|
Trading days |
20 |
21 |
23 |
82 |
82 |
|||
|
US equity sector |
234,961 |
207,994 |
13.0% |
320,088 |
-26.6% |
1,033,542 |
1,101,640 |
-6.2% |
|
Miax Pearl Volume |
2,539 |
452 |
461.2% |
3,021 |
-15.9% |
10 115 |
1,923 |
426.0% |
|
MIAX Pearl ADV |
127 |
22 |
489.2% |
131 |
-3.3% |
123 |
23 |
426.0% |
|
MIAX Pearl market share |
1.08% |
0.22% |
396.7% |
0.94% |
14.5% |
0.98% |
0.17% |
460.7% |
|
Futures and options trading volume for MGEX, current month |
Year-to-date comparison |
|||||||
|
Futures contracts and options contracts |
Apr-22 |
Apr-21 |
% changes |
March 22 |
% changes |
Apr-22 |
Apr-21 |
% changes |
|
Trading days |
20 |
21 |
23 |
82 |
82 |
|||
|
MGEX Futures Volume |
245 294 |
322 207 |
-23.9% |
342 172 |
-28.3% |
1,176,385 |
1,110,369 |
5.9% |
|
AV MGEX |
12,265 |
15,343 |
-20.1% |
14,877 |
-17.6% |
14,346 |
13,541 |
5.9% |
About MIAX
MIAX’s parent 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 Bermuda Stock Exchange (BSX™).
MIAX, MIAX Pearl, and MIAX Emerald are National Stock Exchanges registered with the Securities and Exchange Commission (SEC) that leverage MIAX’s state-of-the-art technology and infrastructure to provide options trading to their member firms listed in the United States. MIAX serves as the exclusive trading venue for cash-settled options on SPIKES® Volatility Index (Ticker: SPIKE), a measure of expected 30-day volatility in the SPDR® S&P500® ETF (SPY). In addition to options, MIAX Pearl makes it easy to trade stocks for cash through MIAX Pearl Equities™.
MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and is a futures exchange registered with the SEC. MGEX serves as the exclusive marketplace for a variety of commodities including Hard Red Spring Wheat, SPIKES Futures, BRIXX™ Commercial Real Estate Futures and TAX Futures. MGEX is a Designated Contracts Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM, DCO and spot market services across a range of asset classes.
BSX is a fully electronic and vertically integrated international securities market regulated by the Bermuda Monetary Authority (BMA), specializing in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance-linked securities. A full member of the World Federation of Exchanges and an affiliate member of the International Organization of Securities Commissions, BSX is recognized globally, including by the SEC.
MIAX’s executive offices and national operations center are located in Princeton, New Jerseywith additional offices located in Miami, Florida, Minneapolis, Minnesotaand 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 Caution Regarding Forward-Looking Statements
The press release does not constitute an offer to sell or a solicitation of an offer to buy securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and does not constitute an offer, solicitation or sale in any state. or the jurisdiction in which this offer; the 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 “expected”, “shall” or “should”, “expect”, “anticipate”, “draft”, “possibly” 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. significantly from those projected. in forward-looking statements.
All third party marks (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 marks does not indicate any relationship, sponsorship or endorsement between the owners of such marks and the Company. Any reference by the Company to third-party trademarks serves to identify the corresponding third-party goods and/or services and will be considered nominative fair use under trademark law.
Media Contact:
Andy NyboSenior Vice President, Director of Communications
(609) 955-2091
[email protected]
SOURCEMIAX