01.11.2023

MIAX Exchange Group Has Record Volumes

01.11.2023
Market Volatility Boosts Options Volume

Miami International Holdings, Inc. reported December and full year 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™).

December and full-year 2022 market share and volume results include:

MIAX Exchange Group

 Total U.S. multi-list options market share for the MIAX Exchange Group reached 14.52% in December 2022, a 2.1% year-over-year (YoY) increase and representing total volume of 115.8 million contracts and an average daily volume (ADV) of 5.5 million contracts.

 The MIAX Exchange Group reported a total of 1.3 billion multi-list options contracts executed in 2022, a 2.9% decrease YoY and representing an ADV of 5.2 million contracts. Total U.S. multi-listed options market share reached 13.54% in 2022, a 5.2% decline YoY.

 The MIAX Exchange Group set a record for U.S. multi-list options daily market share of 17.05% on December 23, 2022, and a daily record volume of 8.3 million contracts on January 21, 2022.

 MIAX Options® and MIAX Pearl Options both reported annual multi-list option record volume totals in 2022, with volume of 548.8 million contracts and 438.1 million contracts executed on each exchange, respectively.

 MIAX Options and MIAX Pearl Options both reported annual market share records in 2022, accounting for 5.72% and 4.56% of total industry multi-list option volume, respectively.

MIAX Pearl Equities™

 MIAX Pearl Equities reported volume of 2.1 billion shares in December 2022, representing a 10.3% increase YoY and a monthly market share of 0.94%.

 Total 2022 volume on MIAX Pearl Equities reached a record 29.5 billion shares, a 167.0% YoY increase. The 2022 total represented a 0.99% market share, a 157.2% increase from 2021.

 MIAX Pearl Equities reported a monthly volume record of 2.78 billion shares in September 2022, representing a monthly market share record of 1.16%.

 MIAX Pearl Equities reported record daily volume of 194.7 million shares on January 24, 2022, and a daily record market share of 1.42% on April 27, 2022.

MGEX

 MGEX reported trading volume of 163,030 contracts in December 2022, a 24.2% decrease YoY.

 Total 2022 MGEX volume reached 3.3 million contracts, a YoY decrease of 15.0% and representing the second highest annual volume total in MGEX history.

Trading in Hard Red Spring Wheat (HRSW) Futures totaled 126,876 contracts in December 2022, a 3.5% YoY decrease, while HRSW Options trading totaled 2,914 contracts, a 56.5% YoY decrease.

 SPIKES® Futures volume totaled 33,240 contracts in December 2022, representing a 56.8% YoY decrease and an ADV of 1,583 contracts.

 SPIKES Futures volume totaled a record 785,375 contracts in 2022, a 4.4% YoY increase and representing an ADV of 3,129 contracts in 2022, a 4.8% YoY increase.

Source: MIAX Exchange Group

It's been a month since we had our Women In Finance Awards in New York City at the Plaza! Take a look back tab some moments, and nominate for our upcoming awards in Mexico City and Singapore here: https://www.marketsmedia.com/category/events/

4

Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:

SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:

COO of the Year Award winner! 🏆
Discover how Jennifer Kaiser of Marex earned the 2025 Women in Finance COO of the Year recognition.

Load More

Related articles

  1. The rise of crypto derivatives and ongoing regulatory change were two of the main themes.

  2. Expanding membership is an OCC priority for capital efficiency, risk reduction and operational simplicity.

  3. The smallest contract in CME's crypto complex will provide greater precision and market accessibility.

  4. Buy Side Forced to Review Collateral Arrangements

    End-user clients would benefit from increased capital and margin efficiencies.

  5. This opens a path for FCMs to use digital assets as customer collateral under CFTC regulation.