Press Release

Miami International Holdings Reports January 2022 Trading Results; MIAX Exchange Group Sets Daily Volume Record; MIAX Pearl Equities Sets Market Share and Volume Records

PRINCETON, N.J., Feb. 3, 2022 /PRNewswire/ — Miami International Holdings, Inc. today reported January 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™).https://mma.prnewswire.com/media/1396492/MIAX_Logo.jpg

Total U.S. multi-listed options market share for the MIAX Exchange Group reached 14.09% in January 2022, 144 basis points higher than the 12.65% market share in January 2021 and representing an 11.4% increase. The MIAX Exchange Group collectively executed 118.4 million multi-listed options contracts in January 2022, a 16.9% increase from January 2021 and representing an average daily volume (ADV) of 5,918,447 contracts.

The MIAX Exchange Group reported a daily volume record of 8,288,503 contracts in U.S. multi-listed options on January 21, 2022, with trading on MIAX Options reaching a record 3,574,327 contracts the same day.

In U.S. equities, MIAX Pearl Equities™ reported record volume of 2.44 billion shares in January 2022 and a record market share of 0.99%. Total volume for January 2022 increased 25.7% from December 2021. MIAX Pearl Equities volume reached a record daily volume of 194.7 million shares on January 24, 2022 and a record daily market share of 1.18% on January 14, 2022.

In U.S. futures, MGEX executed 277,151 contracts in January 2022, an increase of 16.1% from January 2021. Open interest totaled 83,639 contracts on January 31, 2022, a decrease of 17.4% from the January 31, 2021 total.

SPIKES® Futures volume totaled 82,713 contracts in January 2022, up 7.5% from the 76,954 contract total in December 2021 and representing an ADV of 4,136 contracts.

Additional MIAX Exchange Group 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 Jan-22 Jan-21 % Chg Dec-21 % Chg Jan-22 Jan-21 % Chg
Trading Days 20 19 22 20 19
U.S. Equity Options Industry 839,823,182 800,229,351 4.9% 794,555,696 5.7% 839,823,182 800,229,351 4.9%
MIAX Exchange Group 118,368,943 101,246,102 16.9% 113,005,405 4.7% 118,368,943 101,246,102 16.9%
MIAX Options 48,682,067 34,953,436 39.3% 42,812,426 13.7% 48,682,067 34,953,436 39.3%
MIAX Pearl 37,171,907 29,898,714 24.3% 31,633,894 17.5% 37,171,907 29,898,714 24.3%
MIAX Emerald 32,514,969 36,393,952 -10.7% 38,559,085 -15.7% 32,514,969 36,393,952 -10.7%
Multi-Listed Options ADV Jan-22 Jan-21 % Chg Dec-21 % Chg Jan-22 Jan-21 % Chg
U.S. Multi-Listed Options Industry 41,991,159 42,117,334 -0.3% 36,116,168 16.3% 41,991,159 42,117,334 -0.3%
MIAX Exchange Group 5,918,447 5,328,742 11.1% 5,136,609 15.2% 5,918,447 5,328,742 11.1%
MIAX 2,434,103 1,839,655 32.3% 1,946,019 25.1% 2,434,103 1,839,655 32.3%
MIAX Pearl 1,858,595 1,573,617 18.1% 1,437,904 29.3% 1,858,595 1,573,617 18.1%
MIAX Emerald 1,625,748 1,915,471 -15.1% 1,752,686 -7.2% 1,625,748 1,915,471 -15.1%
Multi-Listed Options Market Share for

MIAX Exchange Group, Current Month

Year-to-Date Comparison
Multi-Listed Options Market Share Jan-22 Jan-21 % Chg Dec-21 % Chg Jan-22 Jan-21 % Chg
MIAX Exchange Group 14.09% 12.65% 11.4% 14.22% -0.9% 14.09% 12.65% 11.4%
MIAX 5.80% 4.37% 32.7% 5.39% 7.6% 5.80% 4.37% 32.7%
MIAX Pearl 4.43% 3.74% 18.5% 3.98% 11.2% 4.43% 3.74% 18.5%
MIAX Emerald 3.87% 4.55% -14.9% 4.85% -20.2% 3.87% 4.55% -14.9%
Equities Trading Volume for

MIAX Pearl Equities, Current Month

Year-to-Date Comparison
Equities Shares (millions) Jan-22 Jan-21 % Chg Dec-21 % Chg Jan-22 Jan-21 % Chg
Trading Days 20 19 22 20 19
U.S. Equities Volume – Industry 247,422 296,004 -16.4% 238,603 3.7% 247,422 296,004 -16.4%
MIAX Pearl Volume 2,438 506 381.7% 1,940 25.7% 2,438 506 381.7%
MIAX Pearl ADV 122 27 357.6% 88 38.2% 122 27 357.6%
MIAX Pearl Market Share 0.99% 0.17% 476.3% 0.81% 21.2% 0.99% 0.17% 476.3%
Futures & Options Trading Volume for

MGEX, Current Month

Year-to-Date Comparison
Futures & Options

Contracts

Jan-22 Jan-21 % Chg Dec-21 % Chg Jan-22 Jan-21 % Chg
Trading Days 20 19 22 20 19
MGEX Volume 277,151 238,733 16.1% 215,062 28.9% 277,151 238,733 16.1%
MGEX ADV 13,858 12,565 10.3% 9,776 41.8% 13,858 12,565 10.3%

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 Bermuda Stock Exchange (BSX).

MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission (SEC) that leverage MIAX’s industry-leading technology and infrastructure to provide U.S. listed options trading to their member firms. MIAX 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). In addition to options, MIAX Pearl facilitates the trading of cash equities through MIAX Pearl Equities™.

MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and is a Notice Registered Securities Futures Product Exchange with the SEC. MGEX serves as the exclusive market for a variety of products including Hard Red Spring Wheat, SPIKES Futures, BRIXX Commercial Real Estate Futures and TAX 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 leading electronic 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 affiliate member of the International Organization of Securities Commissions, BSX is globally recognized, including by the SEC.

MIAX’s executive offices and National Operations Center are located in Princeton, NJ, 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

Author Since: Dec 03, 2021

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