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
